VANCOUVER, Nov. 28, 2017 /CNW/ - 3tl Technologies Corp. (TSXV: TTM)(OTCQB: TTMZF) (the "Company" or "3tl") announced that it has signed a Master Service Agreement ("MSA") with a leading advertising agency, a wholly owned subsidiary of the world's largest communications company. Pursuant to the MSA, 3tl has signed an agreement to provide PLATFORM³ to a customer of the advertising company.
MSA's are annual or multi-year contracts between 3tl and customers, in which the parties agree to most of the terms that will govern future transactions or future agreements including legal, delivery of software, services and support. The first transaction under the MSA is for 3tl to provide PLATFORM³ to a multinational food manufacturing company that owns multiple brands, including a number of the world's best-selling breakfast cereals.
"Under the MSA, PLATFORM³ will be used by this ad agency to enable mobile rewards and collect consumer data for monetization by its customers," said Rob Craig, CEO of 3tl. "We were very pleased to get this signed in 2017 and expect it will generate a stream of successful programs for customers of the ad agency and high margin revenues for 3tl.."
About 3tl Technologies Corp.
3tl 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 3tltechcorp.com.
For additional information about the company please visit www.sedar.com. The TSX Venture Exchange Inc. has in no way passed upon the merits of the transaction and has neither approved nor disapproved the contents of this press release. Neither 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. This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including the availability of funds and the results of financing efforts, - that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE 3tl Technologies Corp.
For further information: 3tl Technologies Corp., Robert Craig, Chief Executive Officer, (604) 639-5441, [email protected]