VANCOUVER, July 12, 2018 /CNW/ - Good Life Networks Inc. ("GLN", or the "Company") (TSXV: GOOD) (FSE: 4G5), a Vancouver-based programmatic advertising technology company is pleased to announce a commercial partnership currently under NDA with the digital advertising arm of a triple play (Television, Mobile, Internet) Fortune 500 U.S. based Telecommunications company.
"Creating multiple revenue streams by leveraging our patent pending technology and experience are the primary focus of our growth strategy. Integrations are an important component of that strategy. Our video advertising platform delivers great returns for supply side vendors like our new telco relationship," stated GLN CEO Jesse Dylan, "and this gives GLN access to a substantial number of multiple new advertisers, brands and revenue opportunities."
The GLN Story
GLN harnesses the power of artificial intelligence to improve marketing return on investments for advertisers using its patent pending video advertising technology. By 2020, MAGNA, the research arm of media buying firm IPG Mediabrands, expects digital ads to make up 50 percent of all ad spending, expected to reach $237 billion this year. GLN recently closed a $9.2 million subscription financing prior to closing its qualifying transaction and trades on the TSX Venture Exchange under the stock symbol "GOOD" and The Frankfurt Stock Exchange under the stock symbol 4G5.
Neither the 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.
Forward Looking Statements:
Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs regarding future events of management of GLN. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to U.S. BASED TELECOMMUNICATIONS COMPANY. These statements generally can be identified by use of forward-looking words such as "may", "will", "expect", "estimate", "anticipate", "intends", "believe" or "continue" or the negative thereof or similar variations. These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. Important factors that may cause actual results to vary include without limitation, risks relating to the integration with U.S. BASED TELECOMMUNICATIONS COMPANY and general economic conditions. In making the forward‐looking statements in this news release, the Company has applied several material assumptions, including without limitation that the U.S. BASED TELECOMMUNICATIONS COMPANY partnership will be successfully completed in the time expected by management and its commercial agreement with U.S. BASED TELECOMMUNICATIONS COMPANY will produce the desired results, generate the anticipated revenue and expand GLN's global reach per management's expectations. GLN does not assume any obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements, other than as required by applicable securities laws. Additional information identifying risks and uncertainties is contained in GLN's filings with the Canadian securities regulators, which filings are available at www.sedar.com.
SOURCE Good Life Networks Inc.
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