VANCOUVER, Feb. 5, 2019 /CNW/ - Datable Technology Corp. (TSXV: DAC) (OTCQB: TTMZF) (the "Company" or "DTC"), formerly 3tl Technologies Corp., a technology company whose core product, PLATFORM3, is an integrated suite of digital marketing applications sold as Software-as-a-Service (SaaS), announces that it has signed a license agreement with a leading multinational company that specializes in laundry and home care, beauty care, and adhesive technologies (the "Customer"). This short-term license agreement for $258,000 was signed in January 2019.
Under this agreement, the Customer will use PLATFORM³ to host a digital shopper marketing gift-with-purchase promotion for the purchase of specific laundry care products made at a multinational grocery store, starting in February 2019. PLATFORM³ will be used to engage consumers via mobile devices, reward purchases and collect valuable consumer data. PLATFORM³'s Artificial Intelligence and Machine Learning modules will enable the Customer to monetize the consumer data by targeting offers based on consumers' purchasing behaviour and demographics.
David Raffa has resigned from the Company's Board of Directors, effective January 31st, 2019. "It has been a pleasure to work with the team at Datable and I am looking forward to seeing how their new initiatives will contribute to the further growth of the Company," said Raffa. The Company thanks Mr. Raffa for his service as a Director and wishes him all the best in his future endeavors. Datable's CEO, Rob Craig, stated that "on behalf of the Board of Directors and the rest of the team at Datable, I want to thank David for his years of service and contribution to the Company. We appreciated his efforts which helped Datable reach its current and exciting trajectory."
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.
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 Datable Technology Corp.
For further information: Datable Technology Corp., Robert Craig, Chief Executive Officer, (604) 639-5441, [email protected]