Datable Operations and Growth Strategy Update
VANCOUVER, BC, Jan. 27, 2021 /CNW/ - Datable Technology Corporation (TSXV: DAC) (OTC Pink: TTMZF) (the "Company" or "Datable" or "DTC"), a software company that provides a marketing automation platform called PLATFORM3 to global consumer brands, is pleased to provide an update regarding the Company's operations and growth strategy.
Datable had a breakthrough year in 2020, signing leading consumer goods companies to record amount of contracted revenues, establishing a track record of delivering an enterprise level marketing automation platform, and introducing new modules that enabled the monetization of consumer purchasing data in real-time:
Growth Strategy Update
After a breakthrough year in 2020, Datable expects continued strong growth of revenue from upside renewals and new customers. Datable also plans to improve its solution by launching new products and services based on its core technology and by collaborating with industry partners with the goal of maintaining low customer churn and increasing the size and scope on its relationships with leading consumer goods companies:
"In 2020, we had a record year, signing over $4.3 million in new contracts. We are positioned for accelerated revenue growth, starting the year with over $3 million in forward contracted revenues, with the entire year to build on that base. We have a growing number of leading consumer brands as customers that have large and growing budgets for digital marketing. Consumer brands are allocating more spend to PLATFORM3 because we deliver measurable ROI by providing tools that enable the use of opt-in consumer data to drive incremental revenues," said Robert Craig, Datable's CEO. "We are also excited by the potential for new sources of revenue derived from our consumer data monetization tools, by leveraging PLATFORM3 technology with the launch of the flexxi Rewards Network. We are also exploring the potential to increase the scope and scale of our relationships by working with industry partners who have complementary products and services."
About Datable Technology Corporation
Datable has developed a proprietary, mobile-based consumer marketing platform – PLATFORM3 – that is sold to global Consumer Packaged Goods (CPG) companies and consumer brands. PLATFORM3 is delivered as a subscription service (Software as a Service model) and used by CPG companies to engage consumers, reward purchases and collect valuable consumer data. PLATFORM3 incorporates proprietary technology to monetize the consumer data, including demographics and purchasing behaviour, by sending consumers targeted offers by email and text messages. For more information, visit datablecorp.com.
For additional information about the company please visit www.sedar.com. The TSX Venture Exchange Inc. has in no way passed upon the merits of the transaction and has neither approved nor disapproved the contents of this press release. Neither 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. This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors – including the availability of funds and the results of financing efforts, – that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Datable Technology Corp.
Company Codes: OTC-QB:TTMZF, TorontoVE:DAC, OTC-PINK:TTMZF
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