OTTAWA, Jan. 22, 2014 /CNW/ - In-Touch Survey Systems Ltd. ("In-Touch")
(TSXV: INX) today announced the signing of two contracts for the
EventMatrix product worth $7.2 Million CDN over the next three years.
The contracts were signed with one of the world's largest automobile
companies and one of the largest insurance companies in the United
States. The Automobile Company has been a customer of In-Touch for
several years and this contract renewal signifies their continued
satisfaction and success with the EventMatrix product, which powered
approximately 1,500 of the client's events in 2013. After successfully
piloting In-Touch technology in 2013, the Insurance Company signed up
for a three-year commitment.
"Over the past eighteen months we have invested significant resources in
upgrading and enhancing our EventMatrix marketing automation and data
capture software. In-Touch continues to invest in software development
on the EventMatrix product line and expects to make a product
enhancement announcement in the next quarter. While not totally net new
revenue, these two orders put a stable revenue base under the company
for the next three years," said Cameron Watt, President and CEO.
Certain statements included in this news release contain forward looking
statements, which by their nature are necessarily subject to risks and
uncertainties and other factors that may cause actual results,
performance or achievements of the Company to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such statements reflect
the Company's current views with respect to future events, and are
based on information currently available to the Company and on
hypotheses which it considers to be reasonable; however, management
warns the reader that hypotheses relative to future events which are
beyond the control of management could prove to be false, given that
they are subject to certain risks and uncertainties.
The TSX Venture Exchange has not reviewed the foregoing and has neither
approved or disapproved the contents of this press release.
SOURCE: In-Touch Survey Systems Ltd.
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