OOOOO Signs Agreement With QVC Italia SRL
08 December 2021 - 12:00AM
OOOOO Entertainment Commerce Limited (“
OOOOO” or
the “Company”) (OOOO:TSXV), a mobile commerce platform, is pleased
to announce that its subsidiary, Video Commerce Group Limited, has
signed an agreement with QVC Italia SRL ("
QVC
Italia").
QVC Italia is part of Qurate
Retail GroupSM, a select group of leading retail brands
that includes QVC®, HSN®, Zulily®, Frontgate®, Garnet Hill®, and
Grandin Road®. Qurate Retail Group is a $14 billion world leader in
video commerce, which includes video-driven shopping across linear
TV, ecommerce sites, digital streaming, and social platforms.
Under the agreement, OOOOO will exclusively
deploy OOOOO’s proprietary technology and platform as the retailer
continues to innovate its shopping experiences across platforms.
The initial term of the agreement is 12 months and will include
work in the app space, marketing, and other initiatives.
Qurate Retail Group reaches more than
200 million homes worldwide via 14 television
networks and reaches millions more
via multiple streaming services, social pages, mobile
apps, and websites.
Sam Jones, Co-Founder and CEO of OOOOO says of
the relationship: "QVC transformed the retail industry by
pioneering video commerce when technology did not exist for digital
retail. The company remains a global leader in video commerce
across linear TV, ecommerce sites, digital streaming, and social
platforms. As video commerce has evolved and consumer devices have
changed, the provision of sleek and intuitive shopping experiences
has become critical as retail becomes a form of entertainment.
OOOOO aims to help retailers, brands and entrepreneurs express
themselves by video, through engaging and interactive content that
is entertainment first, commerce second. We are excited to
collaborate with QVC Italia SRL and provide their team with our
best-in-class proprietary technology platform. Together, we will
deliver the next generation of video commerce to the Italian market
and hopefully beyond."
OOOOO is focused on delivering a technology
platform and app to enable brands, retailers and entrepreneurs to
embrace the fast-growing live stream economy with its unique
interactive video commerce application available for iOS and
Android. Having launched in November 2020, the OOOOO platform has
achieved over 400,000 installs to
date and successfully onboarded leading brands across the
fashion, sport, beauty and wellness categories.
For further information please contact:
OOOOO Entertainment Commerce Limited
Sam Jones, Chief Executive Officer |
Investor Relations |
sam@ooooo.com |
investors@ooooo.com |
|
416.842.9003 |
About OOOOO Entertainment
Commerce
OOOOO Entertainment Commerce operates a
technology platform that enables retailers, brands and
entrepreneurs to share product-based opinions directly to consumers
through live, interactive, shoppable videos. The platform also
offers gamification and social features which reward the community
for helping to grow the user base, reducing the need for
traditional ad networks. The Company was founded in 2020 by Sam
Jones and Eric Zhang and has offices in Manchester and
Shanghai.
Forward Looking Information
Certain statements in this news release may
constitute “forward-looking statements”. Forward-looking statements
are statements that address or discuss activities, events or
developments that OOOOO expects or anticipates may occur in the
future. When used in this news release, words such as “estimates”,
“expects”, “plans”, “anticipates”, “projects”, “will”, “believes”,
“intends” “should”, “could”, “may” and other similar terminology
are intended to identify such forward-looking statements.
Forward-looking statements reflect the current expectations and
beliefs of OOOOO’s management. Because forward-looking statements
involve known and unknown risks, uncertainties and other factors,
actual results, performance or achievements of OOOOO or the
industry may be materially different from those implied by such
forward-looking statements. Examples of such forward-looking
information that may be contained in this news release include
statements regarding: growth and future prospects of our business;
our perceptions of the industry and markets in which we operate and
anticipated trends in such markets; expectations regarding the
operation of our app; and our future revenues. Material factors or
assumptions that were applied in drawing a conclusion or making an
estimate set out in the forward-looking statements may include, but
are not limited to, our ability to execute on our business plan,
increase visibility amongst consumers and convert users to revenue
producing subscribers and the success of the business of our
partners. Forward-looking statements involve significant
uncertainties, should not be read as a guarantee of future
performance or results, and will not necessarily be an accurate
indication of whether or not such results will be achieved. A
number of factors could cause actual results to differ materially
from the results discussed in the forward-looking statements,
including, without limitation: those relating to potential
disruptions to product delivery; failure to meet regulatory
requirements; changes in the market; potential downturns in
economic conditions; availability of financing (as necessary); and
other risk factors described in our Filing Statement which is
available on SEDAR at www.sedar.com. These risks, as well as
others, could cause actual results and events to vary
significantly. Accordingly, readers should exercise caution in
relying upon forward-looking statements and OOOOO undertakes no
obligation to publicly revise them to reflect subsequent events or
circumstances, except as required by law.
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