Attributes 262% Revenue Growth during the
evaluation period to Industry Leading Technology
Platform
TORONTO, Nov. 15, 2018 (GLOBE NEWSWIRE) -- Snipp
Interactive Inc. ("Snipp" or the “Company”) (TSX-V: SPN; OTCPK:
SNIPF) today announced it ranked 312 on Deloitte’s Technology Fast
500™, a ranking of the 500 fastest growing technology, media,
telecommunications, life sciences and energy tech companies in
North America. Snipp Interactive Inc. grew 262% percent during the
2018 measurement period.
Snipp’s chief executive officer, Atul Sabharwal,
credits the company’s singular focus on achieving success for its
clients and the flexibility of Snipp’s platform to resolve multiple
marketing issues across industry groups, as the key factors behind
the company’s 262% revenue growth. He said, "We are honored to have
achieved this milestone for a third year in a row. The team at
Snipp works hard every single day to deliver results for our
clients and investors. Winning recognitions such as this is a
testament to the hard work of our team and the value we bring to
our clients."
“Congratulations to the Deloitte 2018 Technology
Fast 500 winners on this impressive achievement,” said Sandra
Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and
telecommunications leader. “These companies are innovators who have
converted their disruptive ideas into products, services and
experiences that can captivate new customers and drive remarkable
growth.”
“Software, which accounts for nearly two of
every three companies on the list, continues to produce some of the
most exciting technologies of the 21st century,
including innovations in artificial intelligence, predictive
analytics and robotics,” said Mohana Dissanayake, partner, Deloitte
& Touche LLP, and Industry Leader for technology, media and
telecommunications, within Deloitte’s audit and assurance practice.
“This year’s ranking demonstrates what is likely a national
phenomenon, where many companies from all parts of America are
transforming the way we do business by combining breakthrough
research and development, entrepreneurship and rapid growth.”
Snipp Interactive Inc. previously ranked 114 as
a Technology Fast 500™ award winner for 2017 and ranked 49 in
2016.
Overall, 2018 Technology Fast 500™ companies
achieved revenue growth ranging from 143 percent to 77,260 percent
from 2014 to 2017, with median growth of 412 percent.
About Deloitte’s 2018 Technology Fast
500™
Deloitte’s Technology Fast 500 provides a
ranking of the fastest growing technology, media,
telecommunications, life sciences and energy tech companies — both
public and private — in North America. Technology Fast 500 award
winners are selected based on percentage fiscal year revenue growth
from 2014 to 2017.
In order to be eligible for Technology Fast 500
recognition, companies must own proprietary intellectual property
or technology that is sold to customers in products that contribute
to a majority of the company's operating revenues. Companies must
have base-year operating revenues of at least $50,000 USD, and
current-year operating revenues of at least $5 million USD.
Additionally, companies must be in business for a minimum of four
years and be headquartered within North America.
About Snipp:
Snipp is a global loyalty and promotions company
with a singular focus: to develop disruptive engagement platforms
that generate insights and drive sales. Our solutions include
shopper marketing promotions, loyalty, rewards, rebates and data
analytics, all of which are seamlessly integrated to provide a
one-stop marketing technology platform. We also provide the
services and expertise to design, execute and promote client
programs. SnippCheck, our receipt processing engine, is the market
leader for receipt-based purchase validation; SnippLoyalty is the
only unified loyalty solution in the market for CPG brands. Snipp
has powered hundreds of programs for Fortune 1000 brands and
world-class agencies and partners.
Snipp is headquartered in Toronto, Canada with
offices across the United States, Canada, Ireland, Europe, and
India. The company is publicly listed on the Toronto Stock Venture
Exchange (TSX-V) in Canada and is also quoted on the OTC Pink
marketplace under the symbol SNIPF. Snipp was selected to the TSX
Venture 50®, an annual ranking of the strongest performing
companies on the TSX Venture Exchange, in 2015 and 2016. Snipp is
ranked amongst the top 500 fastest growing companies in North
America on Deloitte’s 2018 Technology Fast 500™ List, for the third
year in a row.
FOR FURTHER INFORMATION, PLEASE CONTACT:
MKR Group, Inc.
Todd Kehrli / Mark Forney
snipp@mkr-group.com
Snipp Interactive Inc.
Jaisun Garcha
Chief Financial Officer
investors@snipp.com
Cautionary Note Regarding
Forward-Looking Statements
This press release contains forward-looking
statements that involve risks and uncertainties, which may cause
actual results to differ materially from the statements made. When
used in this document, the words "may", "would", "could", "will",
"intend", "plan", "anticipate", "believe", "estimate", "expect" and
similar expressions are intended to identify forward-looking
statements. Such statements reflect our current views with respect
to future events and are subject to such risks and uncertainties.
Many factors could cause our actual results to differ materially
from the statements made, including those factors discussed in
filings made by us with the Canadian securities regulatory
authorities. Should one or more of these risks and uncertainties,
such as changes in demand for and prices for the products of the
company or the materials required to produce those products, labour
relations problems, currency and interest rate fluctuations,
increased competition and general economic and market factors,
occur or should assumptions underlying the forward looking
statements prove incorrect, actual results may vary materially from
those described herein as intended, planned, anticipated, or
expected. We do not intend and do not assume any obligation to
update these forward-looking statements, except as required by law.
The reader is cautioned not to put undue reliance on such
forward-looking statements.
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.
Copyright Snipp Interactive Inc. All rights
reserved. All other trademarks and trade names are the property of
their respective owners.
Snipp Interactive (PK) (USOTC:SNIPF)
Historical Stock Chart
From Oct 2024 to Nov 2024
Snipp Interactive (PK) (USOTC:SNIPF)
Historical Stock Chart
From Nov 2023 to Nov 2024