VANCOUVER, Oct. 24, 2017 /CNW/ - 3tl Technologies Corp. (TSXV: TTM)(OTCQB: TTMZF) (the "Company" or "3tl") announced that it has recently signed two Master Service Agreements and six Licensing Agreements.
The Master Services Agreements (MSA's) are annual or multi-year contracts between 3tl and global brands 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. 3tl recently signed a MSA with the world's second largest processor and marketer of chicken, beef, and pork. A second MSA was signed with a leading lawn, garden and pet supplies company that generates some US$ 2 billion in annual revenues from 76 brands.
Licensing Agreements, with shorter terms were also signed with six other major brands representing multiple industries.
"We continue to edge out our competitors and sign long-term agreements with global brands. Leading consumer packaged goods (CPG) companies are using PLATFORM³, to provide rewards via mobile devices that motivate consumers to purchase products in retail locations. CPG companies collect valuable purchasing and demographic data using PLATFORM³ and use our technology to monetize the data by retargeting consumers with offers on their mobile devices," said Rob Craig, CEO of 3tl. "PLATFORM³'s Artificial Intelligence and Machine Learning capabilities are enabling 3tl to clearly and concisely differentiate from the competition."
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]