VANCOUVER, BC, July 23, 2020 /CNW/ - Loop Insights Inc.
(TSXV: MTRX) (the "Company" or "Loop"), a provider of contactless
solutions and artificial intelligence ("AI") to drive marketing and
real-time consumer insights, is pleased to announce the launch of
its contact tracing platform in Nevada with two of Grupo Anderson's flagship restaurants in
Las Vegas, Senor Frog's and
Carlos'n Charlies.
NEVADA ENTRY SUPPORTS GLOBAL
ADOPTION GOALS
Loop's contact tracing solution entry into Las Vegas, with a globally recognized
hospitality company, supports the Company's broader goals for
global adoption. In addition to possible expansion into
Grupo Anderson's other locations in
tourist destinations such as Mexico, the Caribbean, and Spain, Loop is also gaining traction with
large-scale projects in Canada,
Australia, the UK, and
Indonesia.
Loop Insights CEO, Rob Anson
stated: Las Vegas is a
clear global leader in critical billion-dollar industries related
to hospitality, gaming, sports & entertainment, and tourism.
During these uncertain times, companies and cities around the world
are looking to Las Vegas for
direction on solutions; it is a major priority for Loop to help
these Nevada industries and
demonstrate to the world what is possible. Our discussions with
casino operators, conference centers, university campuses, stadium
operators, and professional sports teams are now being fast tracked
because our automated contact tracing solution is highly adoptable,
easy to use, accurate, secure, and can connect with other Covid-19
technology. Launching with recognizable brands, such as Senor
Frog's and Carlos'n Charlies, secures our leadership position in
moving forward with other Las
Vegas venues.
Senor Frog's USA Director of
Operations, Omar Licon Schmitt
stated: Covid-19 certainly threw Las Vegas a curveball, and all industries need
to pivot to both reopen and remain open. Adopting proper safety
measures is a top priority for all in order to ensure both staff
and customers to feel safe. Loop's ability to securely capture
names and phone numbers with one tap of the mobile device is
impressive and something we haven't seen on the market to date. We
see this automated solution being adopted Vegas-wide, and we look
forward to building a safe community together.
LAS VEGAS NEEDS TO PROTECT
INDUSTRIES FROM 2ND WAVE OF COVID-19
The Company is accelerating opportunities to implement its
contact tracing platform in Las
Vegas as a sense of urgency grows to protect its
billion-dollar industries and economy. Loop's solution integrates
its Fobi technology with mobile wallet pass technology to create a
platform that is proven, reliable, and highly scalable to support
large adoption rates on any existing infrastructure.
Government officials and business owners are aware that a second
wave is a major potential threat. Implementing best practice
protocols will help instill confidence, keep all stakeholders safe,
and ensure Las Vegas remains open
and revive its economy.
The scope of opportunity to keep people safe and businesses open
is massive, as Las Vegas
hosts just under 50 million visitors and generates 58 billion dollars in annual tourism alone. With
tourism and other revenue-generating industries being closed for
most of the year to date, time is of the essence. Loop's speed to
scale supports accelerated revenue streams for the Company,
including onboarding fees per location, monthly Software as a
Service fees, and active user fees.
This Press Release Is Available On The Loop Insights Verified
Forum On AGORACOM For Shareholder Discussion and
Q&A https://agoracom.com/ir/LoopInsights/forums/discussion
About Grupo Anderson's:
Founded in 1963 and based in Cancun, Grupo
Anderson's has developed several restaurant concepts
including Carlos'n Charlie's, Senor Frog's, Carlos O'Brian's and El Squid Roe. The company
has restaurants in Mexico,
South America, the Caribbean, Spain, and, most recently, the United
States.
About Loop Insights: Loop Insights Inc. is a Vancouver-based Internet of Things ("IoT")
technology company that delivers transformative artificial
intelligence ("AI") automated marketing, contact tracing, and
contactless solutions to the brick and mortar space. Its unique IoT
device, Fobi, enables data connectivity across online and
on-premise platforms to provide real-time, detailed insights and
automated, personalized engagement. Its ability to integrate
seamlessly into existing infrastructure, and customize campaigns
according to each vertical, creates a highly scalable solution for
its prospective global clients that span industries. Loop Insights
operates in the telecom, casino gaming, sports and entertainment,
hospitality, and retail industries, in Canada, the US, the UK, Latin America, Australia, Japan, and Indonesia.
Forward-Looking Statements/Information:
This news release contains certain statements which
constitute forward-looking statements or information. Such
forward-looking statements are subject to numerous risks and
uncertainties, some of which are beyond Loop's control, including
the impact of general economic conditions, industry conditions, and
competition from other industry participants, stock market
volatility and the ability to access sufficient capital from
internal and external sources. Although Loop believes that the
expectations in its forward-looking statements are reasonable, they
are based on factors and assumptions concerning future events which
may prove to be inaccurate. Those factors and assumptions are based
upon currently available information. Such forward-looking
statements are subject to known and unknown risks, uncertainties
and other factors that could influence actual results or events and
cause actual results or events to differ materially from those
stated, anticipated or implied in the forward-looking statements.
As such, readers are cautioned not to place undue reliance on the
forward-looking statements, as no assurance can be provided as to
future results, levels of activity or achievements. The
forward-looking statements contained in this news release are made
as of the date of this news release and, except as required by
applicable law, Loop does not undertake any obligation to publicly
update or to revise any of the included forward-looking statements,
whether as a result of new information, future events or otherwise.
The forward-looking statements contained in this document are
expressly qualified by this cautionary statement. Trading in
the securities of Loop should be considered highly
speculative. There can be no assurance that Loop will be able to
achieve all or any of its proposed objectives.
Neither the 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.
SOURCE LOOP Insights Inc.