FOR IMMEDIATE RELEASE
March 20, 2018
3TL TECHNOLOGIES SIGNS ONE YEAR LICENSE WITH LEADING KITCHEN, BATHROOM AND PLUMBING PRODUCTS MANUFACTURER
VANCOUVER, B.C. (March 20, 2018) – 3tl Technologies Corp. (TSXV: TTM)(OTCQB: TTMZF) (the “Company” or “3tl”) is pleased to announce that it signed a one-year license agreement with a leading kitchen, bathroom and plumbing products manufacturer (the “Customer”). The Customer, a private company that has been in business for over 100 years, sells its products under eight brands in global markets. The license agreement is for a one year term totalling $220,000 plus transaction fees. The license agreement was signed in February of this year with implementation scheduled for late April 2018, and provides incentives for the Customer to renew for a second year.
Under the license agreement, the Customer will use PLATFORM³ to host digital shopper marketing promotions across multiple brands. PLATFORM³ will be used to engage consumers via mobile devices, reward purchases and collect valuable consumer data. PLATFORM³’s Artificial Intelligence and Machine Learning modules will enable the Customer to monetize the consumer data by targeting offers based on consumers’ purchasing behaviour and demographics.
“Our platform delivers the best value to customers when they commit to longer term licenses,” said Robert Craig, 3tl’s CEO. “This annual agreement enables the Customer to collect valuable data regarding their consumers’ preferences so that they can increase the impact of rewards and targeted offers. PLATFORM³ is designed to motivate initial purchases, and provide tools to motivate purchase frequency and reward loyalty, such that return on investment increases for longer term licenses.”
For further information, please contact:
3tl Technologies Corp.
Chief Executive Officer
About 3tl Technologies Corp.
3tl 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 Artificial Intelligence and Machine Learning to monetize the consumer data, including demographics and purchasing behaviour, by sending consumers targeted offers by email and text messages. For more information, visit 3tltechcorp.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.