VANCOUVER, BC, Aug. 17, 2020 /CNW/ - Loop Insights Inc.
(TSXV: MTRX) (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, is pleased to announce it has been
invited to present its contact tracing solutions to the Athletic
Directors of the 11 NCAA Division 1 Schools of the Big East
Conference ("Big East"), for the purposes of supporting resumption
plans that provide a safe environment for students, faculty,
athletes, fans and staff.
BIG EAST HAS ESTABLISHED ITSELF AS ONE OF NATION'S
EXCEPTIONAL CONFERENCES
The Big East Conference's member schools include Villanova University, Georgetown University and St.
John's University and represent more than 150,000
students. Big East institutions are located in the nation's
largest media markets, including New York, Chicago, Philadelphia and Washington, D.C.
Since the relaunch of the Big East in 2013, it has sponsored
championship competition in ten men's and twelve women's NCAA
sanctioned sports, producing 12 national champions.
POSTPONEMENT OF BIG EAST FALL SPORTS SEASON UNTIL SAFE
PROCESSES AND PROTOCOLS CAN BE ESTABLISHED
On August 12th, Big
East announced the postponement of its fall sports season out of
concern for the welfare of student-athletes during
the coronavirus pandemic. Moreover, Big East has yet to
determine whether winter and spring sports will take place as
scheduled and is in search of safety processes and protocols that
will provide for the safe resumption of athletic events.
Loop Insights
CEO Rob Anson stated "It is both an
extraordinary honour and a testament to the reputation of our
contact tracing technology to be invited to present our solutions
to the head Athletic Directors of The Big East Conference.
Though our presentation is being made to the Athletic Directors for
the purposes of supporting the resumption of athletic events, our
solutions will apply to the entirety of the campus, student body,
faculty and facilities to expedite physical attendance and related
economic activities."
LOOP CONTACT TRACING SOLUTION PROVIDES NCAA CONFERENCES WITH
AN OPPORTUNITY TO RESTART CAMPUS ACTIVITIES AND ECONOMIC
RECOVERY
In 2013, Big East forged a landmark, long-term broadcast
partnership with FOX Sports in a 12-year, $500 million
television contract. FOX's comprehensive coverage of BIG EAST men's
basketball includes the broadcast of all regular-season games on
FOX, FS1, or FS2, as well as the BIG EAST Tournament at Madison
Square Garden, college basketball's longest-running postseason
conference tournament.
The postponement of the falls sports season represents a
significant loss of important incomes to all members of Big East,
who are in need of solutions that not only 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 their leading
contact tracing solutions providing the comfort necessary to put on
events. With fans streaming into these events, Loop's
contactless, artificial intelligence marketing solutions will
provide personalized promotions and targeted engagement, leading to
higher conversions and transaction revenue at all of our
events.
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 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.