- Over US$10 million in expected
revenues over the 3-year life of the Contract
- Increasing momentum from existing customers for annual and
multi-year deals
TORONTO, March 22,
2022 NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION
IN THE UNITED STATES. THIS NEWS
RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF
AN OFFER TO BUY ANY SECURITIES IN THE
UNITED STATES. ANY SECURITIES REFERRED TO HEREIN HAVE NOT
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/CNW/ -- Sabio Holdings Inc. (TSXV: SBIO) (the "Company" or
"Sabio"), a leading provider of Streaming TV analytics,
distribution and monetization solutions validated by performance,
is pleased to announce that it has signed the largest
contract in the company's history ("Contract"). The Contract
represents the 3-year expansion of Sabio's existing partnership
with a current customer.
The Contract is expected to drive over US$10 million in revenues to Sabio over a
three-year period. The Company has already started providing its
platforms and services for use pursuant to the Contract. Sabio is
also pleased to announce that it has signed multiple additional
annual and multi-year deals across automotive, consumer packaged
goods (CPG), and other verticals.
"These deals are the first of many multi-year and annual
contract discussions that are taking place as part of our strategy
to further cement ongoing partnerships with key long-term
customers. We are now at the stage of our business where we are
seeing increased interest by the top brands in committing to more
annual and multi-year deals, a testament to their trust in Sabio
and our mobile mindset approach to streaming TV, and mobile cross
screen advertising", said Aziz
Rahimtoola, CEO of Sabio Holdings.
All larger streaming TV partners from 2020 continued to spend on
Sabio 's streaming TV platform in 2021. In addition, 80% of all of
Sabio's clients, some of which were primary mobile platform users,
activated Streaming TV on Sabio in 2021.
Jon Stimmel, Sabio's Chief Growth
Officer, stated, "Our business is starting to benefit from our
investments in streaming and analytics that is coinciding with the
viewing shift of consumers, from traditional to streaming TV.
In addition to the continued strong momentum for our existing
products, we are pleased with the market traction of our recently
launched AppScience® analytics platform. It is now an increasing
feature within customer contracts, as we continue to validate its
unique-value proposition."
About Sabio Holdings
Sabio Holdings Inc. (TSXV: SBIO) is a leading provider of
Streaming TV analytics, distribution, and monetization solutions
validated by performance. The Sabio portfolio is comprised of
the trusted and transparent demand side platform, Sabio, and the
real time measurement and attribution platform, AppScience®, and ad
monetization service Vidlilion. Together, the companies provide
brands, agencies, and publishers with end-to-end advertising
suites, powered by its proprietary household graph of more than 300
million mobile devices and 55 million validated CTV
households. For more information, visit:
sabioholding.com
Disclaimer
Neither the Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the Exchange) accepts
responsibility for the adequacy or accuracy of
this release.
Forward-Looking Statements
This press release may contain certain forward-looking
information and statements ("forward-looking information")
within the meaning of applicable Canadian securities legislation,
including but not limited to multi-year and annual contract
discussions currently being negotiated, that are not based on
historical fact. Forward-looking information includes, without
limitation statements containing the words "believes",
"anticipates", "plans", "intends", "will", "should", "expects",
"continue", "estimate", "forecasts" and other similar
expressions. Readers are cautioned to not place undue reliance on
forward-looking information. Actual results and developments may
differ materially from those contemplated by these statements. The
Company undertakes no obligation to comment on analyses,
expectations or statements made by third-parties in respect of the
Company, its securities, or financial or operating results (as
applicable). Although the Company believes that the expectations
reflected in forward-looking information in this press release are
reasonable, such forward-looking information has been based on
expectations, factors and assumptions concerning future events that
may prove to be inaccurate and are subject to numerous risks and
uncertainties, certain of which are beyond the Company's control,
including the risk factors disclosed in the Filing Statement which
is publicly available on SEDAR at www.sedar.com. The
forward-looking information contained in this press release is
expressly qualified by this cautionary statement and is made as of
the date hereof. The Company disclaims any intention and has no
obligation or responsibility, except as required by law, to update
or revise any forward-looking information, whether as a result of
new information, future events or otherwise.
- Based on Fortune 500 2021 U.S. listing of companies
SOURCE Sabio Holdings Inc.