Sage (SGX:tsxv) Receives Change of Project Status for Clavos Project-Permitted for Production
Sage Gold Receives Change of Project Status for Clavos Project-Permitted for Production
– Momentum Public Relations –
Press Releases: October 31, 2016
Sage Gold Inc. (TSX VENTURE:SGX) (“Sage”) has received notification that the Ministry of Northern Development and Mines (MNDM) has changed the status of its Clavos gold project from Inactivity to Mine Production and Development. The change in project status allows Sage to begin the process of mine dewatering, mine rehabilitation and to eventually produce up to a maximum daily tonnage of 700 tonnes/day.
Nigel Lees, President and CEO commented, “This Change of Project Status is a very significant development for Sage and, together with the recently announced agreement to acquire Kirkland Lake Gold Inc.’s remaining 40{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} minority interest in Clavos, is a major milestone towards completing the previously announced financing package of $11.5 million to fund the restart of Clavos. We expect to close the equity portion of $1.85 million in early November followed by the gold prepayment funding of $9.65 million by the end of November.”
Sage has an approved Production Closure Plan on file with the MNDM from previous mining activities and will be resuming the activities described under the filed Closure Plan. Financial Assurance for the Closure Plan is in place with the MNDM, in accordance with the Ontario Mining Act. Sage has the Environmental Compliance Approvals and Permits to allow for mine dewatering, development and production activities, and will be required to report environmental performance information to regulatory authorities as required by site-specific permits, as well as provincial and federal legislation.
Sage currently plans to complete a reserve estimate and a pre-feasibility study regarding the Clavos project. In the event that a production decision is made that is not based on a feasibility study of mineral reserves demonstrating economic and technical viability prepared in accordance with National Instrument 43-101, readers are cautioned that there is increased uncertainty and higher risk of economic and technical failure associated with such production decisions.
About Sage Gold
The Company is a mineral exploration and development company which has primary interests in near-term production and exploration properties in Ontario. Its main properties are the Clavos Gold property in Timmins and the 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Lynx copper, gold, silver property and other exploration properties in the Beardmore-Geraldton Gold Camp. Technical reports and information relating to the properties can be obtained from the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com and www.sagegoldinc.com.
King’s Bay to Acquire 100 Interest in Lynx Lake Copper-Cobalt Property in Labrador
Surface samples show significant concentration of cobalt, an important element in rechargeable batteries
Vancouver, British Columbia (FSCwire) – King’s Bay Gold Corporation(TSX.V: KBG), (FSE: KGB1), operating as “King’s Bay”, a mining exploration and development company based in Vancouver, has signed a definitive agreement to acquire 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} interest in a cobalt property located in southern Labrador.
The Property
The project consists of 66 mineral claims encompassing approximately 20 square kilometers, located 100km southeast of Happy Valley-Goose Bay, Newfoundland and Labrador. Prior to 2008, the area was deemed remote and remained virtually unexplored even after interest in Labrador grew due to the discovery of Voisey’s Bay Ni-Cu-Co mine. Thanks to the construction of the new Trans-Labrador Highway that runs through the property, the area is now easily accessible.
In 2008, areas of disseminated and massive sulphide were discovered in bedrock after blasting by the Department of Transportation for road aggregate. In 2009, sampling and assaying of grab samples from the aggregate quarry by local prospectors produced assays of up to 1.39{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} copper, 0.94{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} cobalt, 0.21{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} nickel and 6.5 g/t silver. Government regional low resolution residual magnetic surveys and preliminary EM-16 (hand held geophysical unit) surveys done by local prospectors in 2014 show strong conductors beneath the overburden and provide incentive to explore the area further for more surface and sub surface mineralization.
The initial samples taken in the eastern portion of the property were followed in 2015 by surface grab sampling in the western side of the property. These new results were equally as promising yielding 1.03{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Copper, 0.566{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cobalt, 0.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Nickel, 5.0 g/t silver, 0.36{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Chromium, 0.39{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Molybdenum and 0.23{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Vanadium. These values should not be relied upon as a representation of the whole area. The property has never been drilled and the amalgamation of these results suggests the possibility for a larger body of mineralization in the area.
In the addition to excellent road accessibility to deep sea water ports and the proximity to the town of Happy Valley-Goose Bay, the property offers the ability to easily obtain electricity from a 3 phase power line that runs directly adjacent to the property.
With energy metal prices on the rise, King’s Bay feels that it is a great time to explore this property.
Geology
The property is situated in the Grenville Province and is Proterozoic in age. It is separated by a north easterly trending fault. The western portion of the property is underlain by granite, granodiorite and gneiss that varies texturally from weakly foliated to well banded. The eastern portion of the property is underlain by granite, amphibolite with massive gabbro, norite and troctolite units. Detailed bedrock mapping will help better define the local geology of the area.
Exploration
The property is workable year round and King’s Bay has already deployed a team for a preliminary surface sampling program on the existing pits, as well as a reconnaissance program and an EM-16 survey on the surrounding land package to possibly locate more undiscovered exposure and conductors. During the winter, the preliminary program will be followed by data compilation and initiation of an airborne geophysical survey to locate high priority drill targets. Extensive exploration is required to confirm the above preliminary results, as they do not conform to the NI 43-101 rules and regulations.
About Cobalt
At this time, the price of cobalt is rising due to a combination of factors. Some of these factors are related to unsettled conditions in areas such as the Democratic Republic of Congo, where the majority of the world’s cobalt is recovered. Other factors include an increased demand for rechargeable batteries. A single rechargeable ion car battery contains as much as 20 kilograms of cobalt. In addition to batteries, cobalt is used in alloys for aircraft engine parts and for alloys with corrosion/wear resistant uses. Cobalt also has many medical uses; cobalt isotopes are used to produce stable dichromatic beams in “cobalt therapy”, which is used to treat cancer. Molybdenum is also an important element of interest and can be used in fertilizer as well as battery electrodes.
Consideration
The purchase price of the property is in cash and stock subject to TSX-Venture Exchange approval. The cash price to the vendor is $100,000, in payments of $10,000 upon the acceptance of the agreement, and $30,000 on each of the subsequent three anniversaries of the agreement. As well, King’s Bay will provide the vendor with 900,000 common shares of its stock, 200,000 shares upon exchange approval, followed by 300,000 on the first year and 400,000 more on the second year of the agreement.
NI 43-101 Disclosure
Garth Graves is a qualified person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release. All geochemical assays were confirmed by original assays certificates from Eastern Analytical and Actlabs.
About King’s Bay
King’s Bay is focused on the exploration of cobalt and other high-tech metals in North America. The company believes in this emerging fast-growth sector and will continue to seek out and evaluate properties that show promise for development. King’s Bay Gold Corp is operating as King’s Bay.
On Behalf of the Board,
Kevin Bottomley
CEO, President
For more information, please contact:
Brad Hoeppner
Director
O: 604 681 1568
E: Brad@kingsbayres.com
Forward looking statements
This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. For example, forward looking statements in the news release include the assumption that the transaction will be approved and that the Company will be able to raise funds to pay the property payments and carry-out exploration programs. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that the Company may not raise sufficient funds to carry out our plans, changing costs for mining and processing; increased capital costs; the timing and content of upcoming work programs; geological interpretations based on current data that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits that with further test work may not be comparable; the availability of labour, equipment and markets for the products produced; and despite the current expected viability of the project, that the minerals on our property cannot be economically mined, or that the required permits to build and operate the envisaged mine cannot be obtained. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/kingsbay10272016.pdf
Source: Kings Bay Gold Corporation (TSX Venture:KBG)
- Published in King's Bay, Mining, News Home
IWS Announces Joint Venture in Australia and New Zealand
IWS Announces Joint Venture in Australia and New Zealand
– Momentum Public Relations –
Press Release: October 26, 2016
International Wastewater Systems Inc. (the “Company”) (CSE:IWS) (FRANKFURT:IWI) (OTC PINK:INTWF) is pleased to announce a Joint Venture agreement (“JV”) with Environmental Technology Solutions (“ETS”) of Australia, a leading provider of energy efficiency and sustainability solutions with offices in Canberra and Melbourne.
ETS is already representing IWS products in Australia and New Zealand and is currently completing its inaugural project, a SHARC thermal heat recovery system to be installed for the Australian Wool Testing Authority in Melbourne (for details on this project see IWS press release dated March 16, 2016).
IWS and ETS have jointly established SHARC Energy Systems Australasia Pty Ltd., a JV company through which IWS and ETS will design, build, operate and maintain IWS’s proprietary thermal heat recovery equipment in Australia and New Zealand under the SHARC and PIRANHA brands.
ETS is uniquely positioned in the region with the ability to manufacture and assemble custom equipment in Australasia using IWS’s intellectual property. Through its regional networks ETS has generated significant interest from potential customers for various commercial and industrial applications of IWS products.
Lynn Mueller, CEO of IWS commented: “We are pleased to have found in ETS a partner with the proven capability to build, install and service SHARC an PIRANHA projects in the region and look forward to developing the pipeline of identified projects in Australia and New Zealand.”
ON BEHALF OF THE BOARD
Lynn Mueller, Chairman and Chief Executive Officer
About International Wastewater Systems Inc.
International Wastewater Systems Inc. is a world leader in thermal heat recovery. IWS systems recycle thermal energy from wastewater, generating the most energy efficient and economical systems for heating, cooling & hot water for commercial, residential and industrial buildings. IWS is publicly traded in Canada (CSE:IWS), the United States (OTC:INTWF) and Germany (FRANKFURT:IWI).
- Published in International Wastewater Systems, News Home
Sage Gold (SGX:tsxv) to Acquire Remaining 40 Interest in Clavos
Sage to Acquire Remaining 40{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Interest in Clavos
Sage Gold Inc. (TSX VENTURE:SGX) (“Sage”) has entered into an agreement to acquire the remaining 40{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} interest in the Clavos Gold property (“Clavos”) located in Timmins, Ontario from St Andrew Goldfields Ltd., a wholly-owned subsidiary of Kirkland Lake Gold Inc. (collectively referred to as “Kirkland Lake Gold”).
As part of the agreement, Sage is required to pay Kirkland Lake Gold $1,000,000 in cash and grant Kirkland Lake Gold a two percent (2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}) Net Smelter Return Royalty (“Royalty”) over Clavos. Sage may at any time purchase one-half of the Royalty by providing Kirkland Lake Gold written notice as well as a cash payment of $1,000,000, which will thereby reduce the Royalty rate to one percent (1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}). On completion of this agreement Sage will own 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of Clavos, subject to certain pre-existing royalty interests.
The agreement is subject to a number of conditions including the completion of an equity investment of $1.85 million by CRH Mezzanine Pte. Ltd. a wholly-owned subsidiary of Cartesian Royalty Holdings Pte. Ltd and regulatory approval. This equity investment forms part of an $11.5 million financing package to be provided by Cartesian Royalty Holdings Pte. Ltd. The financing will be used to fund the purchase of Kirkland Lake Gold’s interest in Clavos, the development and restart of the Clavos Gold project, retire outstanding secured debt and fund working capital.
About Sage Gold
The Company is a mineral exploration and development company which has primary interests in near-term production and exploration properties in Ontario. Its main properties are the Clavos Gold property in Timmins and the 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Lynx copper, gold, silver property and other exploration properties in the Beardmore-Geraldton Gold Camp. Technical reports and information relating to the properties can be obtained from the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com and www.sagegoldinc.com.
IWS Announces Hadi Dowlatabadi and Pär Dalin to Join Advisory Board
IWS Announces Hadi Dowlatabadi and Pär Dalin to Join Advisory Board
– Momentum Public Relations –
Press Release: October 21, 2016
International Wastewater Systems Inc. (the “Company”) (CSE:IWS) (FRANKFURT:IWI) (OTC PINK:INTWF) is pleased to announce that Dr. Hadi Dowlatabadi and Mr. Pär Dalin have joined as members of the IWS Advisory Board. IWS’s Advisory board was established to formally leverage IWS’s network of renewable energy experts and industry leaders already supporting the adoption of IWS technology around the world.
Dr. Hadi Dowlatabadi
Dr. Dowlatabadi is the Canada Research Chair & Professor in Applied Mathematics and Global Change at the University of British Columbia; a University Fellow at Resources for the Future, a Washington DC think tank; and an Adjunct Professor at Carnegie Mellon University’s Department of Engineering & Public Policy.
Dr. Dowlatabadi received a BSc in Physics from Edinburgh University (1980) and a PhD in physics (focussing on integrated energy systems) from the Cavendish Laboratories at the University of Cambridge (1984). His research focuses on interacting social, economic and environmental systems, and how these systems create and respond to challenges over time, at the interface of technology, energy, the environment, public health and public policy.
In 2004 Dr. Dowlatabadi co-founded the non-profit Offsetters Climate Neutral Society, a leading provider of sustainability and carbon-management solutions. Offsetters made the 2010 Vancouver Winter Olympics climate neutral and has been a pioneer in GHG reduction strategies.
In 2007 Dr. Dowlatabadi co-founded Green-Erg Technologies, a Company focused on energy efficiency projects. Green-Erg is currently building the first off-grid biomass based community energy system (3MWth, 720kWe) in Canada.
In 2012 Dr. Dowlatabadi co-founded HydroRun a company that is developing a novel hydrokinetic device to generate electricity from the energy of free-flowing streams, with the goal of dispatchable renewable electricity generation at competitive prices to the grid.
Dr. Dowlatabadi was a lead author on the Intergovernmental Panel on Climate Change and also on the Millennium Ecosystem Assessment.
Mr. Pär Dalin
Mr. Pär Dalin is currently the Chairman and Partner at Devcco AB (District Energy Venture) in Stockholm, Sweden, a developer of international energy utility and district energy projects. Devcco’s partners have led several of the world’s largest and most pioneering District Cooling and multi utility developments for the last two decades.
Mr. Dalin was previously a co-founder and CEO of Capital Cooling Holding AB where he led energy utility development partnerships with a focus on District Cooling in the US, China, Middle East, Europe and the Caribbean.
Mr. Dalin currently serves as a District Energy advisor to both the Swedish Environmental Protection Agency and the United Nations. He also serves as the Swedish representative and Chairman of the District Cooling group of Euroheat & Power, a Brussels-based group representing the District Energy sector with public and private sector representatives from over thirty countries.
Mr. Dalin holds a Bachelor degree from Thayer School of Engineering in Hanover, USA, and a Masters degree from the Royal Institute of Technology, Stockholm.
Lynn Mueller, CEO of IWS commented: “The global District Energy sector is growing rapidly due to increased economic incentives for energy efficiency projects worldwide, and demand for IWS’s thermal heat recovery technology in district-scale projects is growing commensurately. Dr. Dowlatabadi and Pär Dalin are world class additions to our Advisory Board and IWS will benefit enormously from their expertise in District Energy projects.”
ON BEHALF OF THE BOARD
Lynn Mueller, Chairman and Chief Executive Officer
About International Wastewater Systems Inc.
International Wastewater Systems Inc. is a world leader in thermal heat recovery. IWS systems recycle thermal energy from wastewater, generating the most energy efficient and economical systems for heating, cooling & hot water for commercial, residential and industrial buildings. IWS is publicly traded in Canada (CSE:IWS), the United States (OTC:INTWF) and Germany (FRANKFURT:IWI).
- Published in Green Technology, International Wastewater Systems, Mining, News Home
Gold is likely to rise regardless who is elected U.S. President
Why Gold will rise no matter who becomes the next U.S. President
Published on MarketWatch: Oct 19, 2016 5:58 a.m. ET
By: Myra P. Saefong – Markets/commodities reporter
Sustained rise for gold if Trump wins, shorter climb if Clinton wins: analyst
Gold bulls might win either way.
Gold prices have enjoyed a hefty climb so far this year as the market continues to guess the pace and timing of the next U.S. interest-rate hike, but the battle for the U.S. presidency is set to take center stage as Election Day nears.
And it doesn’t matter if Republican Party nominee Donald Trump or Democratic Party nominee Hillary Clinton moves on to be the next president of the United States—gold is likely to come out a winner, George Milling-Stanley, head of gold investment strategy at State Street Global Advisors, told MarketWatch.
“I would look for a sustained rise if Trump is elected, with perhaps a gain of shorter duration if Clinton is victorious,” he said.
“There can be little doubt that a Trump victory would be disruptive in both political and economic terms, given that this is what the candidate has promised,” he said. “I would expect gold prices to head higher on increased safe-haven buying in the event of a Trump victory.”
Trump has promised sweeping tax cuts and a large jump in infrastructure spending, arguing that the plan would create millions of new jobs. Clinton has called for tax hikes on the wealthy. She’s also called for closing corporate tax loopholes and other reforms that would help pay for an infrastructure spending plan of her own.
‘I would look for a sustained rise if Trump is elected, with perhaps a gain of shorter duration if Clinton is victorious.’
George Milling-Stanley, State Street Global Advisors
But gold prices are likely to climb even if opponent Clinton wins the presidency, said Milling-Stanley.
Gold probably wouldn’t see quite as dramatic a rise in the event of a Clinton win, compared with Trump, but Clinton as president is expected to have inflationary implications, which would imply higher gold prices as well, he said. Gold is often used as a hedge against inflation.
“There is little detail available over [Clinton’s] plans for increased spending on infrastructure, but that could be a factor in raising the rate of inflation,” said Milling-Stanley.
Still, the presidential election is likely a temporary distraction.
Milling-Stanley said interest rates will remain the gold market’s primary focus.
So far, “I have not seen convincing evidence of any significant moves in the gold price contingent on developments in the presidential election campaigns, and I would expect that to continue,” he said. “Shifts in the financial markets’ interpretation of whether new comments from FOMC members should be seen as hawkish or dovish look likely to continue to dominate.”
Gold is much more “responsive to interest-rate concerns, than to presidential politics,” ensuring further volatility for gold and financial markets across the board, he said.
And given the current climate of uncertainty, Milling-Stanley said he does “not see a lot of downside risk for gold.”
December gold futures GCZ6, -0.09{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} settled at $1,262.90 an ounce on Tuesday. The precious metal is up roughly 19{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} year to date, leaving it on track to break a three-year streak of annual losses.
Once the Federal Open Market Committee actually raises rates, Milling-Stanley expects the U.S. dollar DXY, +0.43{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} to decline and gold to rise—which is what happened when 25-basis-point rate increase was announced in December of 2015.
“Movements in the dollar look very much to me like a repeat of the ‘buy the rumor, sell the news’ activity we saw last November and December,” he said.
View Original on MarketWatch
- Published in Blog
AtmanCo acquisition of VoxTel, Informationtelcharge
The TSX Venture Exchange has accepted for filing the documentation relating to an arm’s-length agreement for the acquisition of all the issued and outstanding shares of 9136-2897 Quebec Inc. (VoxTel) and Informationtelcharge, in consideration of a total purchase price of $3-million, including $1.45-million cash at closing, the assumption of a $200,000 line of credit, $600,000 as a balance of sale payable over five years starting six months after closing, and the issuance at closing of 5,612,514 common shares and 5,101,771 subscription receipts convertible into common shares having an aggregate deemed value of $750,000. Each subscription receipt is convertible into a common share, without payment of any further consideration, if, following that conversion, the holder would hold (directly or indirectly) less than 10 per cent or more of the company’s common shares, including those held by joint actors.
For further information, please refer to the company’s press releases dated June 9, Sept. 27 and Oct. 6, 2016.
RewardStream Further Strengthens Advisory Board with Addition of Senior Executive Jamie Anderson
UPDATE – RewardStream Further Strengthens Advisory Board with Addition of Senior Executive Jamie Anderson
Anderson brings 18 years of experience working with major brands in online loyalty and retention marketing
– Momentum Public Relations –
Press Release: October 18, 2016
RewardStream Solutions Inc. (“RewardStream” or the “Company”) (TSX VENTURE:REW)(FRANKFURT:JL4L) (WKN Number A2APX1), a world leader in automated referral marketing solutions has announced that senior executive Jamie Anderson has joined the Advisory Board.
Anderson is currently the Vice President of Partnerships at Points International Ltd. Points is the global leader in providing loyalty eCommerce and technology solutions to the world’s top brands. Most recently, Anderson lead the expansion of the Points business into Europe and the Middle East. Prior to Points, Anderson worked in senior online marketing roles at AOL, DoubleClick and Loyalty One.
“We are pleased to welcome Jamie to our Advisory Board,” said Rob Goehring, Chief Executive Officer of RewardStream. “Jamie has had an extensive career in digital marketing, loyalty and ecommerce. His background serving major global brands will add tremendous capabilities to our team, and we look forward to leveraging his expertise to grow RewardStream in North America as well as Europe.”
“I look forward to helping RewardStream accelerate the growth of their business in both domestic as well as international markets,” stated Anderson. “Referral marketing is an excellent extension of many marketing programs and I believe with their flexible technology platform, RewardStream is in a unique position to offer their expertise to brands around the world.”
About RewardStream Solutions Inc.
RewardStream specializes in the execution of automated referral marketing programs that help brands to acquire, engage, and retain their most valuable stakeholders – customers. By utilizing an innovative blend of marketing insight and proprietary technology, RewardStream turns an existing customer base into a powerful new sales channel for all of our clients. RewardStream delivers a scalable, real-time technology platform as the foundation of our client’s referral program. The platform provides customer acquisition programs that deliver new, highly loyal customers at very low cost per acquisition rates. Our award-winning marketing solutions have powered loyalty and referral marketing programs across 39 countries for brands including Boost Mobile, Virgin Mobile, Envision Financial, Koodo Mobile and more. For more information please visit www.rewardstream.com.
- Published in Financial Technology, Mobile Technology, News Home, RewardStream, Technology
MOBI724 (MOS:CSE) Subsidiary Signs Marketing Partnership Agreement With Ackroo
MOBI724 Global Solutions Inc. Subsidiary iQ724 Inc. Signs Marketing Partnership Agreement With Ackroo
– Momentum Public Relations –
Press Release: October 18, 2016
MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (CSE:MOS)(CSE:MOS.CN), a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing is pleased to announce that iQ724 Inc. (“iQ”) a wholly owned subsidiary of MOBI724 has signed a partnership agreement with Ackroo Inc. (TSX VENTURE:AKR)(OTC PINK:AKRFF) (“Ackroo” or the “Company”), a gift card, loyalty and rewards technology and services provider, and marketing services. Through this agreement Ackroo will provide its Ackroo Anywhere solution and iQ724 will provide their customized marketing services modules as a combined solution for merchants across North America. The initiative will support upselling Ackroo’s gift card and loyalty platform to iQ724 clients and upselling iQ724’s customized marketing services modules to Ackroo clients as well as pursing net new opportunities together via each companies channel partnerships.
“The partnership with iQ724 is a great advancement both solution and geographic wise for Ackroo” said Steve Levely, chief executive officer at Ackroo. “From a solution stand point the custom marketing services products that iQ724 provides will deliver a premium option for Ackroo to offer our current and prospective clients helping to attract and grow much larger merchants. Medium to large merchants demand advanced solutions like what iQ724 offers and so while Ackroo will continue to develop our core solution to support the small to medium sized marketplace this partnership will better position the Company to support large to enterprise accounts as well. The Ackroo base platform also provides a great advancement for iQ724 clients primarily around our gift card, mobile and e-com offerings, our additional point of sale options, plus our self-serve components. So a technical advancement for both organizations. Geographically iQ724 has a very strong presence in Quebec and is beginning to gain traction in the United States. Both are markets that Ackroo is looking to expand further into making the partnership even more valuable. “
“Ackroo will provide a much desired expansion of our digital marketing,enterprise level loyalty solutions outside of Quebec while at the same time offering iQ724 a gift card, mobile and e-com offerings and self- serve options to us in Quebec …our geographical and technological strengths complement each other perfectly” said Daniel Tardif, President of iQ724.
About Ackroo
Ackroo provides gift card and loyalty processing solutions to help small to medium sized businesses attract, retain and grow their customers and their revenues. Through a SaaS based business model Ackroo provides an in-store and online automated solution to help merchants process gift card & loyalty transactions at the point of sale, provide key administrative and marketing data, and to allow customers to access and manage their gift card and loyalty accounts. Ackroo also provides important marketing services to assist their merchants with utilizing Ackroo’s technology solution. Ackroo is headquartered in Ottawa, Canada. For more information, visit: www.ackroo.com.
About iQ724
iQ724 is based in Montreal and was founded in 2007. iQ724 provides a customer retention/loyalty marketing platform to medium and large merchants iQ724 also provides professional services, digital marketing, data analytics and business intelligence solutions as part of their offering .For more information, visit: www.iq724.com
About Mobi724 Global Solutions
MOBI724 Global Solutions Inc. (CSE:MOS)(CSE:MOS.CN), a leader in the Fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of Payment & Digital Marketing solutions.
We are innovating in our market with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. We pioneered in adding intelligence to all types of transactions benefiting banks, retailers and cardholders. We succeed in leveraging all available user and purchasing data to increase transaction volumes and spend.
MOBI724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. Our easy-to-adapt gateway Switch is designed for easy integration with all payment protocols in our target markets.
Within the same solution suite we combined our Card Linked Offers solution, and provided financial institutions´ payment card portfolios and retailers the ability to add offers and/or coupons which can be redeemed directly at the Point of Sale, in a seamless user experience for all the parties in the eco-system.
MOBI724 Global Solutions unleashes the true potential of both payment and card-linked couponing/rewards transactions for both online and offline points of sale (POS).
The Corporation provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to ANY mobile device and allow its redemption at ANY point of sales.
Our credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
MOBI724’s PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home