uBUCK and Datable Incorporate Streambucks into Strategic Commercial Relationship
26 Junho 2019 - 8:00AM
LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF)
(“
LiteLink”), a leader in digital logistics and
payment solutions, is pleased to provide an update on a strategic
commercial relationship (dated May 5, 2019) between its wholly
owned subsidiary uBUCK Technologies SEZC (“
uBUCK”)
and Datable Technology Corp. (TSXV:DAC) (OTC:TTMZF)
(“
Datable”).
Under the terms of the letter of intent (the
“LOI”) with Datable, uBUCK will integrate
Datable’s loyalty and reward program PLATFORM³ into uBUCK’s digital
payments platform. This new integration into uBUCK will allow
uBUCK Pay account holders to earn rewards for purchases and
payments made within the uBUCK Pay digital wallet or on their uBUCK
Mastercard. With this new feature, uBUCK users will be able
to make online payments, send worldwide free payment transfers, and
now earn real rewards simply for using uBUCK.
In addition to the strategic relationship set out in the LOI,
Datable and uBUCK will cooperate to develop digital payments
and loyalty solutions for the eSports industry by integrating
uBUCK’s Streambucks digital payments solution with PLATFORM³.
uBUCK and Datable will share transaction fee revenue from the
convenience fees charged for uBUCK pin vouchers and debit card
transactions.
“We are very excited to integrate Streambucks with Datable’s
PLATFORM³ to offer rewards to gamers and fans across the
eSports industry, which is now bigger than Hollywood,” said uBUCK
CEO James Youn. “Datable has continued to sign-up well-known
brands and proven itself as the number one rewards program on the
market. We look forward to being part of their cash card offering
and gaining new client referrals through our partnership.”
The terms of the LOI also stipulate that the uBUCK prepaid
credit card will be featured as a reward for consumers to purchase
with their points on Datable’s client portals.
About uBUCK Technologies SEZCBased in
Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that
specializes in decentralized digital payments and wallets. uBUCK
Pay and Streambucks are P2P payment platforms offering consumers,
businesses and merchants a fast, commission-free and highly secure
alternative to traditional payment methods. uBUCK and Streambucks
are stable utility tokens that are backed by the U.S. dollar via
pin voucher purchases within the uBUCK Pay app or at participating
resellers. Customers may load a uBUCK debit card and make online
and offline purchases and send payments around the world for
free.
About LiteLink Technologies Inc.LiteLink is a
major player in developing world-class enterprise platforms that
utilize artificial intelligence, blockchain, and predictive
analytics to solve fragmented and outdated technology problems in
the logistics and digital payment industries. Our flagship
1SHIFT logistics platform offers real-time transparency and
tracking which allows brokers, shippers, and carriers to track
shipments and settle payments in real-time. uBUCK Pay is a
multi-currency digital wallet that supports traditional fiat and
digital currencies. Consumers are able to make online and
offline purchases using the uBUCK debit card and send funds
worldwide for free.
For further information, contact Yana Bobrovskaya at
604-307-2553 or email investor@litelinktech.com.
About Datable Technology Corp.DTC 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 datablecorp.com.
Forward-Looking StatementThis news release may
contain certain “Forward-Looking Statements” within the meaning of
the United States Private Securities Litigation Reform Act of 1995
and applicable Canadian securities laws. When used in this news
release, the words “anticipate”, “believe”, “estimate”, “expect”,
“target”, “plan”, “forecast”, “may”, “schedule” and other similar
words or expressions identify forward-looking statements or
information. These forward-looking statements or information
may relate to the nature of the business of LiteLink, and other
factors or information. Such statements represent LiteLink’s
current views with respect to future events and are necessarily
based upon a number of assumptions and estimate that, while
considered reasonable by LiteLink, are inherently subject to
significant business, economic, competitive, political and social
risks, contingencies and uncertainties. Many factors, both known
and unknown, could cause results, performance or achievements to be
materially different from the results, performance or achievements
that are or may be expressed or implied by such forward-looking
statements. LiteLink does not intend and does not assume any
obligation, to update these forward-looking statements or
information to reflect changes in assumptions or changes in
circumstances or any other events affections such statements and
information other than as required by applicable laws, rules, and
regulations.
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