- INEO's sales activities are accelerating with the Company's
sales pipeline climbing to over $40
million in annual recurring revenue.
SURREY,
BC, Aug. 11, 2022 /CNW/ - INEO
Tech Corp. (TSX-V: INEO) (OTCQB: INEOF) (the
"Company" or "INEO"), the innovative developer and
operator of the INEO Media Network, a digital advertising and
analytics solution for retailers, is notifying investors that the
recording of the INEO Corporate Update Webinar from July 27, 2022 has been posted to the Company
website at www.ineosolutionsinc.com.
INEO previously announced the Company is expecting to deliver
another quarter of record revenue in Q4-2022, with growth
approaching 90% over Q4-2021. In addition, the size of the
INEO sales pipeline has grown to over $40
million in annual recurring revenue, based on the potential
full contract value with retail chains who have currently
installed, or committed pilot installations.
In the webinar video, INEO's CEO Kyle
Hall states, "INEO will typically receive anywhere from
$500 to $1,000 per month per store. The range in revenue
depends on the number of INEO Welcoming Systems, INEO Welcoming
Duo's, INEO Media Players or INEO GATE systems installed at the
store. Our (sales) pipeline represents over 7,000 locations through
direct and Prosegur partner channels..…we have only included chains
in our pipeline where we have either a contract, a pilot or a
committed pilot. The gross pipeline is much, much bigger than
$40 million annual revenue if we
included retail chains that are interested but have not yet
committed to a pilot."
Also in the webinar video, Mr. Hall and Chairman and President
Greg Watkin discuss how INEO's
business is accelerating with active pilots and commitments with
large retail chains representing a broad spectrum of industries
including grocery, apparel, wholesale club, hardware, department
store and pharmacy chains. Additionally, INEO's advertising fill
rates have increased tremendously on the INEO Media Network. INEO
has had over 30 major brands or advertisers, and many more smaller
ones, who have utilized the power of the INEO Media Network.
Webinar Video Details:
To view the video of the INEO Corporate Update Webinar, please
visit the INEO website at:
https://www.ineosolutionsinc.com/news-and-events/ineo-corporate-update-webinar-july-27-2022
INEO Tech Corp.
Per: "Kyle Hall"
Kyle Hall, Chief Executive Officer
and Director
About INEO Tech Corp.
INEO Tech Corp., through its wholly owned subsidiary, INEO
Solutions Inc., operates the INEO Media Network, a digital
advertising and analytics solution for retailers. INEO's
patented technology integrates and monetizes digital screens with
theft detection sensor gates at the entrance of retail
stores. The Company's cloud-based platform uses IoT (Internet
of Things) and AI (Artificial Intelligence) technology to deliver
customized digital advertising to each retail location based on the
demographic mix, such as age and gender, of customer traffic at
each location. The Company also deploys the INEO Welcoming
Network technology through a SaaS-based solution to larger retail
chains. INEO is headquartered in Surrey, Canada and publicly traded on the
TSX-Venture Exchange under the symbol "INEO" and on the
OTCQB-Venture Market under the symbol "INEOF".
For more information please visit:
Website:
www.ineosolutionsinc.com
LinkedIn:
www.linkedin.com/company/ineosolutions
Facebook:
www.facebook.com/ineosolutionsinc
Instagram:
www.instagram.com/ineosolutionsinc
Twitter:
www.twitter.com/INEOsolutions
Future-Oriented Financial
Information
To the extent any forward-looking statements in this press
release may constitute future-oriented financial information or
financial outlooks within the meaning of securities laws, such
information is being provided to demonstrate the potential
financial performance of INEO and readers are cautioned that this
information may not be appropriate for and should not be used for
any other purpose and that they should not place undue reliance on
such future-oriented financial information and financial outlooks.
Future-oriented financial information and financial outlooks, as
with forward-looking information generally, are, without
limitation, based on the assumptions and subject to the risks set
out below under "Forward-Looking Statements".
Forward-Looking
Statements
Investors are cautioned that, except as disclosed in the
disclosure document, any information released or received with
respect to the Company may not be accurate or complete and should
not be relied upon. Trading in securities of the Company
should be considered highly speculative.
This news release contains statements and information that,
to the extent that they are not historical fact, may constitute
"forward-looking information" within the meaning of applicable
securities legislation. Forward-looking information may include
financial and other projections, as well as statements regarding
future plans, objectives or economic performance, or the assumption
underlying any of the foregoing. This news release uses words such
as "may", "would", "could", "likely", "expect", "anticipate",
"believe", "intend", "plan", "forecast", "project", "estimate",
"outlook", and other similar expressions to identify
forward-looking information. Forward-looking information involves
significant risks, assumptions, uncertainties and other factors
that may cause actual future results or anticipated events to
differ materially from those expressed or implied in any
forward-looking statements and accordingly, should not be read as
guarantees of future performance or results. There are a
number of important factors that could cause the Company's actual
results to differ materially from those indicated or implied by
forward-looking statements and information. Other factors
that could cause actual results to differ materially from the
Company's expectations are disclosed in the Company's documents
filed on SEDAR, including the Company's most recent annual and
interim Management Discussion and Analysis and Financial
Statements. 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 to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise,
except to the extent required by law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
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SOURCE INEO Tech Corp.