VANCOUVER, BC, Aug. 13, 2020 /CNW/ - Loop Insights Inc.
(MTRX:TSXV) (the "Company" or "Loop"), a provider of contactless
solutions and artificial intelligence ("AI") to drive automated
marketing, contact tracing, and contactless solutions to the brick
and mortar space, announces the signing of a channel reseller
partnership with Kentucky-based
bdG Sports LLC ("bdG") a leading representation, event management
and public relations firm operating within the global sports
marketing industry.
LOOP CONTACT TRACING SOLUTION PROVIDES BDG SPORTING EVENTS
WITH AN OPPORTUNITY TO COMMENCE AND PROVIDE ECONOMIC RECOVERY FOR
CLIENTS
bdG Sports is one of the largest providers of college basketball
content in the United States,
managing multiple NCAA Division I tournaments across North America, including destination
tournaments in Southwest Florida,
Las Vegas, Canada, and The
Bahamas. The firm manages two
professional golf tournaments on the Korn Ferry Tour in the
Caribbean, and has an extensive
background with both the LPGA and PGA TOUR. The firm boasts
relationships with such brands as Nike, ESPN, Gatorade, and MGM
Resorts International, among others. As a result of COVID-19, these
staple events and many other bdG events have been disrupted, with
no plans for commencement without a solution for the safety of
fans, athletes, and staff.
President and CEO of bdG Sports, Brooks Downing, said: "Many within our
extensive network of business are desperately searching for
innovative solutions that will allow them the opportunity to
support a safe environment for fans, staff and athletes, but also
optimize their revenue streams that warrant the restart of
operations. Loop effectively solves both of these problems with its
leading contact-tracing solution which will provide the confidence
needed as teams make decisions to restart their schedules. And
while this tool will allow fans to return to events, Loop's
contactless, artificial intelligence marketing solutions will
provide personalized promotions and targeted engagement, leading to
higher conversions and transaction revenue at all events. This
level of personalized omni-channel marketing is incredibly valuable
for our clients' resumption plans."
BDG PROVIDES DIRECT ACCESS TO ITS LIVE GLOBAL SPORTING EVENTS
AND TO ITS LARGE NETWORK OF CLIENTS WITHIN NBA, NHL, NCAA AND
PGA
In addition to implementing Loop's contact tracing product into
its current and future events, bdG Sports also plays host to major
global sports events and will be implementing Loop's solutions to
reinvent the live fan engagement experience, consisting of
real-time personalized fan engagement.
Additionally, bdG will represent Loop as a reseller to its
current and future clients and enables direct access to the bdG
Sports client base, which the Company anticipates will accelerate
its growth opportunities in the sports industry.
Loop CEO, Rob Anson,
stated: "This is a major opportunity for Loop as live
event operators are looking for two things that we can immediately
solve. First, they are desperately looking to safely re-open
facilities in efforts to save their respective seasons, and
secondly, they are looking for new line revenue opportunities to
offset the losses from reduced fan capacity in stadium. This
partnership with globally renowned bdG Sports is major third-party
validation of our abilities to deliver these solutions. We
look forward to leading the way with them toward the safe and
profitable resumption of major sporting events."
Watch Loop CEO, Rob Anson and bdG
Sports CEO, Brooks Downing discuss
their new partnership https://youtu.be/cL5wfYNO-Qs
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 bdG Sports:
bdG Sports is a representation,
event management, and public relations firm operating on an
international platform within the sports marketing industry. bdG
manages multiple college basketball and college hockey events in
the United States each season with
events in Southwest Florida, Las
Vegas and The Bahamas.
bdG's golf division manages the season-opening
tournaments of the Korn Ferry Tour each January in The Bahamas, hosts premium Pro-Ams throughout the
year and launched the Unbridled Tour mini-tour series in 2020. For
more information, visit www.bdglobalsports.com or follow on
@bdGlobalSports on Twitter, Facebook or Instagram.
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.