NetworkNewsBreaks – Loop Insights Inc. (TSXV: MT
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Posted On: 01/12/2021 3:33:27 PM
NetworkNewsBreaks – Loop Insights Inc. (TSXV: MTRX) (OTCQB: RACMF) Enters LOI with Leading European Digital Wallet and Mobile Marketing Company
Loop Insights (TSXV: MTRX) (OTCQB: RACMF), a provider of contactless solutions and artificial intelligence (“AI”) to drive real-time insights, enhanced customer engagement and automated venue tracing to the brick-and-mortar space, today announced its entry into a letter of intent (“LOI”) to acquire Passcreator, a leading European digital wallet and mobile marketing company with Tier-1 clients such as Mercedes-Benz and BMW. According to the update, the acquisition is expected to be completed by late January or early February 2021, subject to customary due diligence and Exchange approvals. “In our December 29th review, I stated that Loop was very confident that significant developments would be announced in 2021 when our partners and customers returned from their holiday breaks,” said Loop Insights CEO Rob Anson. “With the first week of January behind us, we have good reason to believe in the potential for significant developments in the UK and Europe, so the time was right to now acquire Passcreator, secure our core technology, and bring this great team into the Loop family.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Loop Insights (TSXV: MTRX) (OTCQB: RACMF), a provider of contactless solutions and artificial intelligence (“AI”) to drive real-time insights, enhanced customer engagement and automated venue tracing to the brick-and-mortar space, today announced its entry into a letter of intent (“LOI”) to acquire Passcreator, a leading European digital wallet and mobile marketing company with Tier-1 clients such as Mercedes-Benz and BMW. According to the update, the acquisition is expected to be completed by late January or early February 2021, subject to customary due diligence and Exchange approvals. “In our December 29th review, I stated that Loop was very confident that significant developments would be announced in 2021 when our partners and customers returned from their holiday breaks,” said Loop Insights CEO Rob Anson. “With the first week of January behind us, we have good reason to believe in the potential for significant developments in the UK and Europe, so the time was right to now acquire Passcreator, secure our core technology, and bring this great team into the Loop family.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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