VANCOUVER, Feb. 6, 2018 /CNW/ - 3tl Technologies Corp.
(TSXV: TTM)(OTCQB: TTMZF) (the "Company" or "3tl") announces that
it signed seven license agreements in the last part of 2017 with
leading consumer brands, marking the completion of a successful
year, with revenue growth of close to 80%. Approximately 60% of the
revenues from the seven license agreements will be recognized in
2018. 3tl is positioned for another year of strong revenue growth
in 2018, with revenues from annual and multi-year licences and
repeat customers signed in 2017, and a US sales group launched this
year.
Under the license agreements, the leading consumer brands will
use PLATFORM³ to engage consumers via mobile devices, reward
purchases and collect valuable consumer data.
The seven license agreements include new and repeat
customers:
- Repeat business with leading worldwide provider of innovative
solutions for the outdoor environment, including turf, snow and
ground-engaging equipment and irrigation and outdoor lighting
solutions, with sales of approximately US$2.5 billion in fiscal 2017. The leading brand
signed a multi-year license agreement for its contractor turf
business in 2017, and is working with 3tl to expand the program to
other divisions, including lighting and electrical. (See press
release dated Feb. 23, 2017).
- Repeat business with a manufacturer and distributor of healthy
pet foods and treats (See press release dated Oct. 24, 2017).
- Two license agreements with a global snack products company
with annual revenues of approximately US$26
billion and 51 brands.
- A popular coffee brand owned by one of the world's largest
private roasters and distributors of coffee, including more than 20
consumer brands.
- One of the world's largest pork processors and hog producers,
with annual sales of approximately US$ 15
billion, including many consumer brands.
- A leading US based snack company with over US$ 2 billion in sales and 16 brands.
"We are thrilled to be offering our Software-as-a-Service
solution to brands who want to leverage our platform's Artificial
Intelligence and Machine Learning capabilities to gain valuable
insights into consumer behaviour and monetize it," said
Robert Craig, 3tl's CEO. "Propelled
by the successful growth of our revenue by about 80% in 2017, we
expect strong growth in 2018 driven by repeat business from
satisfied customers and new customers looking for a way to connect
directly with their consumers with a proven digital platform."
About 3tl Technologies Corp.
3tl has developed a proprietary, mobile-based consumer marketing
platform – PLATFORM³ – that is sold to global
Consumer Packaged Goods (CPG) companies and consumer brands.
PLATFORM³ is delivered as a subscription service
(Software as a Service model) and used by CPG companies to engage
consumers, reward purchases and collect valuable consumer data.
PLATFORM³ incorporates Artificial Intelligence and
Machine Learning to monetize the consumer data, including
demographics and purchasing behaviour, by sending consumers
targeted offers by email and text messages. For more information,
visit 3tltechcorp.com.
For additional information about the company please visit
www.sedar.com. The TSX Venture Exchange Inc. has in no way
passed upon the merits of the transaction and has neither approved
nor disapproved the contents of this press release. Neither
TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release. This news release contains forward-looking
information, which involves known and unknown risks, uncertainties
and other factors that may cause actual events to differ materially
from current expectation. Important factors - including the
availability of funds and the results of financing efforts, - that
could cause actual results to differ materially from the Company's
expectations are disclosed in the Company's documents filed from
time to time on SEDAR (see www.sedar.com). Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press
release. The Company disclaims any intention or obligation,
except to the extent required by law, to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
SOURCE 3tl Technologies Corp.