VANCOUVER, BC, December 5, 2019 – Loop Insights Inc. (TSX.V: MTRX) (‘Loop’) announces that it has signed a partnership agreement with Quisquis Holdings LLC. to enter into the tribal gaming business, a multibillion-dollar US industry.
The preferred Partnership Agreement grants Mr. Blue Quisquis the non-exclusive rights to represent Loop’s technology products to his large network. Mr. Quisquis, brings years of experience working with numerous tribal communities, he has an extensive background in gaming, compliance and tribal economic growth. He is currently founder of the Indigenous Trade Association, President La Jolla Gaming Commission and Vice Chairman San Pasqual Gaming Commission.
Gaming businesses owned by Native American tribes have reported gross gaming revenue, to a record $33.72bn, in 2018. The Loop proprietary technology platform will target installations in gaming facilities across multiple states providing detailed real time insights into customer purchase behaviours. Loop’s technology will enhance operational, marketing and supply chain efficiencies. Upon successful implementations Loop will have an opportunity to generate substantial revenues through licensing Loop’s platform to resort operators as well as SaaS revenue models creating reoccurring monthly revenues.
“Mr. Quisquis, is a very well-respected figure in the tribal gaming industry, this will help shorten and expedite our sales cycle by providing direct access to key decision makers of each tribal nation” added Rob Anson CEO of Loop Insights.
Blue Quisquis – The Loop platform will now enable our casino marketing the ability to measure and attribute the value of each loyalty member across all channels including food & beverage, retail, nightlife, and special events. Our customers will greatly benefit from the Loop Platform by receiving dynamic personalized offers and incentives based on individual gaming and retail purchase behaviors.
For more information, please contact:
Cathy Hume, CEO
T: 416-868-1079 x 231
E: cathy@chfir.com
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.