VANCOUVER, June 28, 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 that it has hired Mr. Peter Uppal to be Loop's National Director of Liquor and Beverage. Mr. Uppal will focus his efforts primarily on the pursuit of strategic partnerships in these highly lucrative categories. His experience is well-suited to assist Loop's retailers and brands in using big data in a simplistic form, driving development and implementation of category marketing plans, researching market conditions, business insights and overall industry knowledge to formulate campaigns and category initiatives in support of strategies.
Mr. Uppal came to Loop following 8 years' employment at Anheuser-Busch, the largest alcohol beverage company in the world, where he was a key member on its Senior Category Management Team. His expertise is focused on sales management, sales intelligence, category management, trade marketing, customer management and leadership development.
"I am very excited to join the team at Loop as I immediately saw the power and value of the Loop Platform and how Loop could transform the Liquor and Beverage Industries" stated Mr. Uppal. "Loop has the ability to aggregate the data from the independent, fragmented market place which simply has not yet been accomplished. Loop intends to transform and disrupt the way Liquor beverage retailers and brands are able to communicate with their consumers and action their data."
Loop offers a simple solution to seamlessly connect insights across all channels, optimizing operational efficiencies and profitability. The Loop Platform has been architected for large scale deployment and provides unparalleled insights and sales intelligence. Loop's technology will quickly disrupt the way data is being collected, analyzed and actioned for the physical brick and mortar retailers and brands.
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.
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, and 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: Loop Insights Inc., Soy Garipoglu, Manager, IR, T: 778-990-8985, E: [email protected]