- Strategic alliance supposed to activate new advertising channels for each firms for prolonged attain and better efficiency
- MediaJel expects to reap advantages from Logiq’s lead technology and efficiency advertising instruments
- Logiq expects to profit from business hyper-verticalization
NEW YORK, Dec. 13, 2022 (GLOBE NEWSWIRE) — Logiq, Inc. (OTCQX: LGIQ) (“the Firm”), a world supplier of e-commerce and buyer acquisition options, in the present day introduced a strategic alliance with MediaJel, Inc., a number one advertising platform primarily serving regulated industries.
The strategic alliance is meant to create mutually helpful alternatives for each firms to offer extra highly effective technological advantages to their prospects, thereby rising their respective high strains throughout their proprietary platforms. The businesses count on that it’s going to improve every firm’s capability to activate new advertising channels with considerably prolonged attain, anticipated larger efficiency and ROI, creating new strains of enterprise whereas strengthening their current aggressive benefits and producing significant cross-marketing alternatives.
Accordingly, administration and the Boards of Administrators of each firms anticipate the alliance will improve aggressive benefits, enterprise worth, and model fairness.
Logiq expects that its client concentrating on and acquisition capabilities shall be significantly accelerated by entry to MediaJel’s client viewers engine and programmatic digital advertising platform, which opens up new mediums inside which purchasers can deploy advertising campaigns to succeed in a wider but extra focused buyer viewers.
MediaJel expects that its advertisers within the ‘regulated’ industries resembling hashish, eSports, on-line playing, crypto, pharmaceutical and others will profit from Logiq’s world class efficiency advertising instruments. Logiq’s lead technology skills are anticipated to be the primary of their sort to be deployed within the hashish business.
Commenting on the deal, Jake Litke, MediaJel Chief Government Officer, mentioned, “We consider that this can be a terrific technological win, and an distinctive alternative to quickly create sturdy worth for each firms’ prospects and shareholders by strengthening our mutual know-how and providers choices by an order of magnitude. We have now already hit the bottom working, with joint service improvement planning classes calendared so we will launch our sharply upgraded choices and collateral supplies within the days and weeks forward.”
Logiq CEO, Brent Suen, mentioned, “We initially met the MediaJel workforce in Might of this yr and have spent months working collectively on strategic initiatives, pushed by our need to maneuver into the regulated business verticals. Logiq brings necessary synergistic know-how parts to the desk, together with our just lately constructed Final result AI platform, previously often known as Push Interactive, which is our core enterprise results-based system, to spice up yield efficiency from promoting, in addition to our client re-engagement and reactivation lead technology system.
“We consider that the alliance will allow Logiq to speed up our concentrate on client concentrating on and new buyer acquisition by our entry to MediaJel’s client intelligence platform and channel attain,” Mr. Suen added. “MediaJel represents a great companion for combining area experience in a regulated business, stable buyer base inside, and new concentrating on instruments for buyer acquisition and engagement. Our collective aim is to change into a key participant within the hashish advertising and promoting house.”
About MediaJel, Inc.
MediaJel is a number one advertising platform primarily serving regulated industries. By combining proprietary digital attribution with complete business integrations, MediaJel is ready to ship clear, clear advertising outcomes from impression to transaction. For more information, go to: https://www.mediajel.com/
About Logiq
Logiq Inc. is a U.S.-based main international supplier of e-commerce and buyer acquisition options by simplifying digital promoting. Logiq’s software program and providers present progressive methods to focus on, interact and affect on-line customers.
Necessary Cautions Relating to Ahead Wanting Statements
This press launch comprises sure forward-looking statements and data, as outlined throughout the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended, and is topic to the Protected Harbor created by these sections. This press launch additionally comprises forward-looking statements and forward-looking info throughout the that means of Canadian securities laws that relate to Logiq’s present expectations and views of future occasions. Any statements that specific, or contain discussions as to, expectations, beliefs, plans, aims, assumptions or future occasions or efficiency (typically, however not all the time, by the usage of phrases or phrases resembling “will probably end result”, “are anticipated to”, “expects”, “will proceed”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, “projection”, “technique”, “goal” and “outlook”) usually are not historic info and could also be forward-looking statements and should contain estimates, assumptions and uncertainties which might trigger precise outcomes or outcomes to vary materially from these expressed in such forward-looking statements. No assurance could be provided that these expectations will show to be right and such forward-looking statements included on this press launch shouldn’t be unduly relied upon.
These statements communicate solely as of the date of this press launch. Ahead‐wanting statements are based mostly on quite a few assumptions and are topic to quite a few dangers and uncertainties, lots of that are past Logiq’s management, which might trigger precise outcomes and occasions to vary materially from these which can be disclosed in or implied by such forward-looking statements. Specifically and with out limitation, this press launch comprises ahead‐wanting statements concerning our alliance with MediaJel, our services and products, the use, growth and/or ongoing demand for our services and products, expectations concerning our income and the income technology potential of our services and products, our partnerships and strategic alliances, potential strategic transactions, the impression of worldwide pandemics (together with COVID-19) on the demand for our services and products, business tendencies, total market development charges, our development methods, the continued development of the addressable markets for our merchandise and options, our enterprise plans and techniques, and the valuation and success of the companies after completion of the transaction, if any, and different dangers described within the Firm’s prior press releases and in its filings with the Securities and Trade Fee (SEC) together with its Annual Report on Kind 10-Ok and any subsequent public filings, and filings made pursuant to Canadian securities laws which can be out there on www.sedar.com, together with below the heading “Danger Components” within the Firm’s Canadian Prospectus.
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