Vancouver, BC, Nov 25, 2019 – LOOP Insights Inc. (TSX.V: MTRX) (“Loop” or “the Company”) today announced that the Company signed a preferred partnership partnership agreement with International Retail Management and Consulting Group (“IRG”) to make Loop the preferred Data Analytics and Automated Marketing platform for their customers in the retail industry.
Brick-and-mortar retail sales in the United States reported approximately $3043 billion in 2017, representing 87% of the total retail sales reported (U.S. Department of Commerce Statistics). The partnership with IRG will provide Loop an ability to scale much faster by providing access and introductions to IRG’s massive network of retailers, brands and mall developers across the United States.
Loop CEO, Rob Anson, states: “We are very thankful and fortunate to partner with Linda and the team at IRG. It is amazing to have someone of Linda’s stature and pedigree to recognize the value of our Loop platform. One of the biggest challenges for brick and mortar retailers is to provide the same personalized experience for their customers as the on-line giants do. Loop will provide IRG customers detailed insights and automated AI Marketing solutions to help level the playing field for bricks and mortar retailers”
IRG is the trusted leader in direct-to-consumer retail operations for many of the world’s top brands. IRG delivers an out of the box approach in specialty retail marketing with direct experience in the operation of thousands of carts, kiosks, pop-up stores and automated retail locations throughout North America.
IRG’s Founder and CEO Linda Johansen-James led American Kiosk Management to amass over 600 staffed locations, 1800 employees and 1000 automated stores throughout North America, Australia and New Zealand. Under her leadership, along with Max James and team, they sold over $1.7b in sales in Proactiv and became the largest owner-operators in the world. In 2017 Linda led the wind-down of American Kiosk Management and started International Retail Management.
Forward Looking Statements/Information:
This news release contains certain statements which constitute forward looking statements or information, including statements regarding Loop’s business and technology; the ability of Loop to engage with industry participants to achieve its goals; the development of Loop’s technology; and the viability of Loop’s business model. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Loop’s control, including the impact of general economic conditions, industry conditions, competition from other industry participants, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Loop believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, Loop does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Trading in the securities of Loop should be considered highly speculative. There can be no assurance that Loop will be able to achieve all or any of its proposed objectives.
Neither the 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.