VANCOUVER, June 25, 2019 /CNW/ - LOOP Insights Inc. (TSX.V: MTRX) (the "Company" or "Loop), which offers an automated marketing platform powered by artificial intelligence ("AI"), is pleased to announce the commencement of trading of the Company's common shares on the TSX Venture Exchange ("TSX.V") under the ticker symbol "MTRX" effective at the opening of the market on June 25, 2019. This follows the closing of the amalgamation and reverse-takeover transaction with AlkaLi3 Resources Inc., as announced on June 12, 2019. Loop's team is comprised of dynamic individuals from companies such as TELUS, Amazon/AWS, ABInbev, Global Relay, Finning, Yodlee, Appnovation, Teck Resources, Sunniva, RBC Capital Markets, Proactive, NBA, and JP Morgan Chase.
Loop is a technology company that has developed a unique automated AI marketing platform that is leveling the playing field for bricks and mortar retailers in their battle with online digital competition.
Loop gives brands and retailers the capability to inter-connect their physical and digital ecosystems by using the Loop device that can be plugged into any point of sale environment, independent of hardware or IT networks, thus enabling rapid deployment and global scalability. By using Loop's "Bricks and Clicks Solution", it is management's belief that retailers and brands will be able to transform the way they conduct their business. Retailers and brands benefit from making real-time, data-driven decisions that help them curate unique personalized customer experiences in stores, a capability which previously did not exist.
Loop offers seamless connectivity across all channels, optimizing operational efficiencies and profitability. Loop's technology is poised to quickly disrupt the world of retail, AI automation, traditional marketing and promotions.
Rob Anson, CEO, stated that "in today's business world, companies are drowning in Big Data, which has become a very costly commodity. At Loop, we feel strongly that data has little value unless it can be consumed and converted into actionable strategies that provide a measurable return on investment.
With global opportunities in high-growth industries such as liquor and beverage retail, sports and entertainment, telecommunications, hospitality, general retail and other emerging markets, Loop is pursuing a number of exciting partnerships with large global brands, that Loop expects to announce in the near term.
Forward Looking Statements/Information:
This news release contains certain statements which constitute forward-looking statements or information, including statements regarding Loop's business and technology; the ability of Loop to engage with industry participants to achieve its goals; the development of Loop's technology; and the viability of Loop's business model. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Loop's control, including the impact of general economic conditions, industry conditions, competition from other industry participants, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Loop believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, Loop does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Trading in the securities of Loop should be considered highly speculative. There can be no assurance that Loop will be able to achieve all or any of its proposed objectives.
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.
SOURCE LOOP Insights Inc.
For further information: please contact: Loop Insights Inc., Soy Garipoglu, Manager, IR, T: 778-990-8985, E: [email protected]; CHF Capital Markets, Cathy Hume, CEO, T: 416-868-1079 x 231, E: [email protected]