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Loop Insights $MTRX.ca Receives Over $900,000 from Exercise of Warrants, Bolstering Company’s Financial Position $QUIS.ca $MCLD.ca $NXO.ca

Posted by AGORACOM-JC at 7:11 AM on Thursday, August 6th, 2020
Loop Insights – Medium
  • Announced the receipt of more than $900,000 from the exercise of warrants
  • In addition to the closing of the recent private placements totaling 2.7 million dollars, the proceeds from the recent exercise of warrants is expected to provide Loop with the financial resources to fund operations and execution of its business plan for a minimum of 12 months
  • Financial security enables the Company to execute on its business plan and to pursue future opportunities, which not only creates shareholder value but also positions the Company well for possible mergers and acquisitions

VANCOUVER, BC, Aug. 6, 2020 – Loop Insights Inc. (TSXV: MTRX) (the “Company” or “Loop”), a provider of contactless solutions and artificial intelligence (“AI”) to drive real-time insights, enhanced customer engagement and automated contact tracing to the brick and mortar space, is pleased to announce the receipt of more than $900,000 from the exercise of warrants.

WARRANT PROCEEDS SUPPLEMENT FUTURE GROWTH CAPITAL

In addition to the closing of the recent private placements totaling 2.7 million dollars, the proceeds from the recent exercise of warrants is expected to provide Loop with the financial resources to fund operations and execution of its business plan for a minimum of 12 months.  Financial security enables the Company to execute on its business plan and to pursue future opportunities, which not only creates shareholder value but also positions the Company well for possible mergers and acquisitions.

In addition, the Company is currently generating revenue, and anticipates meaningful revenue from its current, pending and anticipated contracts over the next 12 months.  Due to the stabilization of Loop’s share price, the Company expects to receive additional proceeds from further warrant exercises.  With sufficient cash reserves in the bank, increasing revenues and further warrant exercises being highly likely, Loop is confident that it is, and will continue to be, sufficiently funded to pursue all current, pending and future business opportunities as the demand continues to grow globally for its artificial intelligence and contactless solutions.

FINANCING PROCEEDS IN 2020 TOTAL APPROXIMATELY 3.6 MILLION DOLLARS

CEO Rob Anson stated: “The warrant exercises announced today not only demonstrates that shareholder value is moving in the right direction and that we have the support and confidence of our shareholders, but also significantly bolsters our financial strength and resources necessary to capitalize on the many current and future opportunities at hand. Loop appreciates its shareholders’ confidence very much and is committed to further increasing shareholder value as it continues to aggressively pursue its business plan and growth strategy.”

This Press Release Is Available On The Loop Insights Verified Forum On AGORACOM For Shareholder Discussion and Q&A https://agoracom.com/ir/LoopInsights/forums/discussion

About Loop Insights: Loop Insights Inc. is a Vancouver-based Internet of Things (“IoT”) technology company that delivers transformative artificial intelligence (“AI”) automated marketing, contact tracing, and contactless solutions to the brick and mortar space. Its unique IoT device, Fobi, enables data connectivity across online and on-premise platforms to provide real-time, detailed insights and automated, personalized engagement. Its ability to integrate seamlessly into existing infrastructure, and customize campaigns according to each vertical, creates a highly scalable solution for its prospective global clients that span industries. Loop Insights operates in the telecom, casino gaming, sports and entertainment, hospitality, and retail industries, in Canada, the US, the UK, Latin America, Australia, Japan, and Indonesia.

Forward-Looking Statements/Information: 

This news release contains certain statements which constitute forward-looking statements or information. 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, and 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.

Loop Insights $MTRX.ca Contact Tracing Solution Compliments the Government’s “COVID Alert” App $QUIS.ca $MCLD.ca $NXO.ca

Posted by AGORACOM-JC at 7:26 AM on Tuesday, August 4th, 2020
Loop Insights – Medium
  • Explains how the Loop Insights Contact Tracing Platform is complementary to the government’s “COVID Alert” App
  • Loop’s check-in solution is potentially a perfect solution for all sectors and potential uses, including those difficult ones referred to above because the check-ins can be done on a mobile phone as well as through a Near Field Communication enabled ID card or bracelet
  • Loop Platform provides a versatile, highly scalable managed process that is expected to aid in the safe reopening of schools, businesses and public facilities
  • Loop is well-positioned to play a big part in laying the foundation and creating the expectation of what is the “new normal.”

VANCOUVER, BC, Aug. 4, 2020  /CNW/ – Loop Insights Inc. (TSXV: MTRX) (the “Company” or “Loop”), a provider of contactless solutions and artificial intelligence (“AI”) to drive automated marketing, contact tracing, and contactless solutions to the brick and mortar space explains how the Loop Insights Contact Tracing Platform is complementary to the government’s “COVID Alert” App.

In recent and ongoing conversations with various levels of government in Canada (collectively, the “Governments”), each confirmed their full support and commitment to the implementation of various Covid-19 contact tracing and awareness solutions, among those being considered is Loop’s technology.  The Governments’ key decision-makers acknowledged that for successful management of COVID-19 through technology, several solutions are required to operate simultaneously in order to cover all the potential scenarios.  There is an ever increasing sense of urgency to implement contact tracing systems, solutions and plans, not only for the Governments, but also for business, employers, unions and educational facilities to name a few. 

How Does Loop Enhance the Governments’ “COVID Alert” App

The biggest single challenge with all current contact tracing apps is adoption (i.e., downloading) by the general public and without widespread adoption, the effectiveness of any such app is very limited.  Resistance to adoption is similar to many downloadable apps including privacy concerns, data usage, smartphone storage limits, continuous location tracking, having to download updates, unwanted notifications and smartphone battery usage due to continuous Bluetooth activation. Additionally, current app options are less effective in industries such as education, industrial labor sites, some union job sites and in some mining jobs because, in many cases, mobile phones are not permitted or used onsite.

What distinguishes Loop’s Contact Tracing Solution from the apps and what makes it more attractive is the fact that is not an app at all and therefore does not face the same adoption challenge as app-based solutions.  This is expected to result in a far greater adoption rate and, as stated above, the higher the adoption rate, the higher the effectiveness of any solution. Loop’s check-in solution is potentially a perfect solution for all sectors and potential uses, including those difficult ones referred to above because the check-ins can be done on a mobile phone as well as through a Near Field Communication enabled ID card or bracelet. Loop is positioned to provide a highly scalable solution that would automate current contract tracing legislation and replace the current pen and paper data collection and current proposed app-based solutions. The timely need for Loop’s solution can be seen in the company’s accelerated discussions with major retailers, agencies, and Governments.

CEO Rob Anson: “Contact tracing and management is about widespread adoption, connectivity/coverage, data management and necessary and relevant alert notifications. The Governments have done an exemplary job in the launch of their COVID-19 Alert app.  Loop is elated to have met with Government representatives in this regard and look forward to continued discussions regarding a technology relationship with the Governments to among other things, assist in the effort to stop the spread of Covid-19.  We concur that for contact tracing to be successful, there will need to be numerous solutions. As such, we have developed our proprietary solution in a manner that is expected to enable our Loop platform to easily connect to, complement and enhance any current and future solutions, whether app-based or otherwise. Loop has been catching the eye of those seeking solutions with our AI and automated data applications.”

Loop’s Focus is on the Return to School and Solutions for the Public Workplace. 

The Loop Platform provides a versatile, highly scalable managed process that is expected to aid in the safe reopening of schools, businesses and public facilities. There is now a great responsibility for employers, from an HR perspective, to provide a process that ensures that their members are being protected. Loop is poised to deliver solutions that protect the health and safety of the student body, teachers, staff as well as visitors. For example, providing a check-in solution that is designed to keep children safe from the time they step on the school bus, throughout their day, to when they return home. The Loop platform is expected to provide an alternate process to gain better access and coverage in the public work sector and eliminate some of the current challenges with schools, unions, environment, adoption and connectivity. 

The Future of Loop after COVID-19

Governments and decision-makers are looking to invest in future-proof solutions that can continue providing value after Covid-19 rather than simply a short-term, Covid-19 specific Band-Aid. Loop continues to be focused on long-term bricks and mortar retail and other land-based data collection and use solutions. As COVID-19 will eventually disappear, Loop’s most significant benefit is that its contact tracing platform can create a gateway for businesses to access new retail solutions, contactless NFC user experiences and digital transformation. Loop is well-positioned to play a big part in laying the foundation and creating the expectation of what is the “new normal.”

This Press Release Is Available On The Loop Insights Verified Forum On AGORACOM For Shareholder Discussion and Q&A https://agoracom.com/ir/LoopInsights/forums/discussion

About Loop Insights: Loop Insights Inc. is a Vancouver-based Internet of Things (“IoT”) technology company that delivers transformative artificial intelligence (“AI”) automated marketing, contact tracing, and contactless solutions to the brick and mortar space. Its unique IoT device, Fobi, enables data connectivity across online and on-premise platforms to provide real-time, detailed insights and automated, personalized engagement. Its ability to integrate seamlessly into existing infrastructure, and customize campaigns according to each vertical, creates a highly scalable solution for its prospective global clients that span industries. Loop Insights operates in the telecom, casino gaming, sports and entertainment, hospitality, and retail industries, in Canada, the US, the UK, Latin America, Australia, Japan, and Indonesia.

Forward-Looking Statements/Information: 

This news release contains certain statements which constitute forward-looking statements or information. 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, and 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.

Loop $MTRX.ca Accelerates Discussions With Schools Across North America To Implement Contact Tracing Solution Prior To Reopening. Provides Safety For Students and Teachers, While Allowing Parents To Return To Work $QUIS.ca $MCLD.ca $NXO.ca

Posted by AGORACOM-JC at 6:58 AM on Friday, July 31st, 2020
Loop Insights – Medium
  • Announced the acceleration of conversations with municipal, provincial and federal school boards to implement its Covid-19 contact tracing solution throughout schools in Canada and the United States
  • In spite of opposition from teachers, parents and students, several governments across North America are planning on students returning to school for full-time in-person classes in September
  • According to a report by the Canadian Teachers’ Federation, which collected nearly 18,000 responses from Canadian teachers, 8 in 10 expressed concerns about schools reopening safely in the fall
  • With its automated real-time capabilities, Loop ensures that staff and teachers have the resources necessary to implement best practice back-to-school safety measures

VANCOUVER, BC, July 31, 2020 – Loop Insights Inc. (TSXV: MTRX) (the “Company” or “Loop”), a provider of contactless solutions and artificial intelligence (“AI”) to drive automated marketing, contact tracing, and contactless solutions to the brick and mortar space, is pleased to announce, the acceleration of conversations with municipal, provincial and federal school boards to implement its Covid-19 contact tracing solution throughout schools in Canada and the United States.

DISCUSSIONS ACCELERATE AS SCHOOL BOARDS FACE PRESSURE TO REOPEN IN SEPTEMBER DESPITE LACK OF SAFETY PROTECOLS, INCLUDING CONTACT TRACING SOLUTION

In spite of opposition from teachers, parents and students, several governments across North America are planning on students returning to school for full-time in-person classes in September. According to a report by the Canadian Teachers’ Federation, which collected nearly 18,000 responses from Canadian teachers, 8 in 10 expressed concerns about schools reopening safely in the fall.

CEO Rob Anson: “This lack of process reveals a huge gap in government restart plans. We are four weeks away from schools reopening, and the sense of urgency has never been greater. Parents and teachers are putting tremendous pressure on school boards to adopt proper safety measures. Loop is set to deliver its turnkey platform to ensure students and staff are protected.”

LOOP COMBINES SAFETY AND RAPID RESPONSE WITH REAL-TIME MONITORING AND EXPOSURE NOTIFICATIONS

With its automated real-time capabilities, Loop ensures that staff and teachers have the resources necessary to implement best practice back-to-school safety measures. With the addition of the Loop check-in card or wristband for young students, contact tracing can also be implemented in elementary schools. Accordingly, parents will receive real-time, automated exposure notifications via mobile (text, email, or automated voice messages), to provide a sense of safety, security and transparency. As a fully managed, encrypted platform, responsibilities and liabilities are removed from school staff, ensuring a seamless start to the school year.

LOOP CONTACT TRACING FOR SCHOOLS SUPPORTS MASS ECONOMIC RECOVERY BY ALLOWING MILLIONS OF PARENTS TO RETURN TO WORK

Loop’s solution helps parents feel at ease with their children returning to schools, and subsequently, supports their return to work and the rebuilding of communities. According to McKinsey and Company, in the United States, 16 percent of the workforce—representing 26.8 million workers—are dependent on childcare to work. Creating a safe school environment is a forward-looking strategy to revive economic recovery across North America.

This Press Release Is Available On The Loop Insights Verified Forum On AGORACOM For Shareholder Discussion and Q&A https://agoracom.com/ir/LoopInsights/forums/discussion

About Loop Insights: Loop Insights Inc. is a Vancouver-based Internet of Things (“IoT”) technology company that delivers transformative artificial intelligence (“AI”) automated marketing, contact tracing, and contactless solutions to the brick and mortar space. Its unique IoT device, Fobi, enables data connectivity across online and on-premise platforms to provide real-time, detailed insights and automated, personalized engagement. Its ability to integrate seamlessly into existing infrastructure, and customize campaigns according to each vertical, creates a highly scalable solution for its prospective global clients that span industries. Loop Insights operates in the telecom, casino gaming, sports and entertainment, hospitality, and retail industries, in Canada, the US, the UK, Latin America, Australia, Japan, and Indonesia.

Forward-Looking Statements/Information: 

This news release contains certain statements which constitute forward-looking statements or information. 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, and 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.  

SOURCE LOOP Insights Inc.

Loop Insights $MTRX.ca Adds Jeffrey Hyman To Board Of Directors With Over 20 Years Experience With Tier-1 Wall Street Firms $QUIS.ca $MCLD.ca $NXO.ca

Posted by AGORACOM-JC at 7:19 AM on Wednesday, July 29th, 2020
Loop Insights – Medium
  • Announced the appointment of Jeffrey Hyman to the Company’s Board of Directors. Jeffrey previously served on the Board of Advisors
  • Jeffrey brings a high level of capital markets knowledge, with over 20 years of experience in Wall Street investment banking and financial advisory

VANCOUVER, BC, July 29, 2020 – Loop Insights Inc. (TSXV: MTRX) (the “Company” or “Loop”), a provider of contactless solutions and artificial intelligence (“AI”) to drive automated marketing, contact tracing, and contactless solutions to the brick and mortar space, is pleased to announce the appointment of Jeffrey Hyman to the Company’s Board of Directors. Jeffrey previously served on the Board of Advisors.

HYMAN BRINGS OVER 20 OF EXPERIENCE WITH TIER-1 WALL STREET FIRMS

Jeffrey brings a high level of capital markets knowledge, with over 20 years of experience in Wall Street investment banking and financial advisory.  As a Managing Director, he ran practice groups at bulge bracket firms, and also served on the Technology Committee at J.P. Morgan Chase’s Investment Bank. At Guggenheim Partners, Jeff was Global Co-Head of Municipal, Project and Infrastructure Finance. He also brings experience leading large-scale development and redevelopment projects in the US. With previous projects in industries such as hospitality and entertainment, casino and gaming, destination and resort, and public infrastructure projects—Jeffrey’s portfolio aligns well with Loop’s target clients and industries.

Jeffrey Hyman stated “I have always been drawn to the next big thing, whether it is through investment or project development. Since my appointment to the Board of Advisors in April, Loop has not only stayed relevant, it has caught fire— as demonstrated by recent high-profile announcements. It’s clear that there is a place for Loop’s solution in many lucrative industries; I plan on lending my expertise and leveraging my connections to accelerate the company’s expansion into the global market.”

Loop CEO, Rob Anson stated “Jeffrey’s capital markets knowledge comes at a pivotal time, as we begin to gain significant attention from investors on both sides of the border, as well as, national and international organizations that are rapidly interested in deploying our technology.  We’re lucky to have Jeffrey on our Board of Directors to support our growth in capital markets, as well as, expand our business into the industries of hospitality and resort, sports and entertainment, and casino gaming.”

This Press Release Is Available On The Loop Insights Verified Forum On AGORACOM For Shareholder Discussion and Q&A https://agoracom.com/ir/LoopInsights/forums/discussion

About Loop Insights: Loop Insights Inc. is a Vancouver-based Internet of Things (“IoT”) technology company that delivers transformative artificial intelligence (“AI”) automated marketing, contact tracing, and contactless solutions to the brick and mortar space. Its unique IoT device, Fobi, enables data connectivity across online and on-premise platforms to provide real-time, detailed insights and automated, personalized engagement. Its ability to integrate seamlessly into existing infrastructure, and customize campaigns according to each vertical, creates a highly scalable solution for its prospective global clients that span industries. Loop Insights operates in the telecom, casino gaming, sports and entertainment, hospitality, and retail industries, in Canada, the US, the UK, Latin America, Australia, Japan, and Indonesia.

Forward-Looking Statements/Information: 

This news release contains certain statements which constitute forward-looking statements or information. 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, and 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.

SOURCE LOOP Insights Inc.

Loop $MTRX.ca Enlists Maple Leaf Strategies to Engage Canadian Governments with Contact Tracing Solution $QUIS.ca $MCLD.ca $NXO.ca

Posted by AGORACOM-JC at 7:02 AM on Monday, July 27th, 2020
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  • Announced the enlistment of Maple Leaf Strategies to streamline the Company’s engagement with the Provincial Government of Ontario and Federal Government of Canada
  • Loop is confident that Maple Leaf Strategies will accelerate the exposure and visibility of Loop’s contact tracing solution on the east coast of Canada

VANCOUVER, BC, July 27, 2020 – Loop Insights Inc. (TSXV: MTRX) (the “Company” or “Loop”), a provider of contactless solutions and artificial intelligence (“AI”) to drive automated marketing, contact tracing, and contactless solutions to the brick and mortar space, is pleased to announce the enlistment of Maple Leaf Strategies to streamline the Company’s engagement with the Provincial Government of Ontario and Federal Government of Canada.

Maple Leaf Strategies is Canada’s leading public affairs, government relations and public opinion research firm, with a proven track record of success at the provincial level across the country, as well as, at the federal level across multiple administrations over the years.

Loop is confident that Maple Leaf Strategies will accelerate the exposure and visibility of Loop’s contact tracing solution on the east coast of Canada. With a turnkey solution ready to deploy at scale and a strong desire across government, business, health care and the general public to protect the health of both citizens and the economy, the Company plans on leveraging Maple Leaf Strategies’ decades of experience to accelerate its goals for widespread governmental adoption.  Currently, the Company’s contact tracing solution is also gathering interest from governments in Australia and the UK.

CEO Rob Anson: “With cities across our country reopening, the need and sense of urgency for a contact tracing solution has never been greater. We believe a working partnership with Maple Leaf Strategies will enable us to channel the path of least resistance, and position us to best seize the opportunity with the Ontario provincial and Canadian federal government. We feel confident that Maple Leaf Strategies will successfully facilitate meetings and streamline our path to the appropriate decision makers, exponentially giving us a strong competitive advantage.”

Maple Leaf Strategies’ Bliss Baker: “We are proud to have a track record of success with all levels of government across the country—municipal, provincial, federal and First Nations. Particularly, our Maple Leaf Strategy Partners in Ottawa have been recognized numerous times by the Hill Times as some of the most influential lobbyists in the country. We are confident that we can get Loop’s solution in front of the right eyes to demonstrate its congruence to current government needs.”

THE LOOP CONTACT TRACING SOLUTION

Loop’s solution is a response to current government pain points. Its key differentiator is that it is app-less, making adoption and usage easy and convenient. The Company can also integrate with other Covid-19 technology—taking the strategic approach to support and enhance existing infrastructure. Lastly, it offers accurate, secure data collection, which would replace flawed manual processes. If endorsed by governments, Loop would benefit from onboarding fees, ongoing revenue through Software as a Service (SaaS) fees and active user fees.

On July 23, 2020 Loop announced the launch of its contact tracing platform in Las Vegas with a global hospitality company and gaining traction with large-scale projects in Canada, Australia, the UK and Indonesia

This Press Release Is Available On The Loop Insights Verified Forum On AGORACOM For Shareholder Discussion and Q&A https://agoracom.com/ir/LoopInsights/forums/discussion

About Maple Leaf Strategies: Maple Leaf Strategies is an expert public affair, government relations and public opinion research consulting firm. With top national talent from across the country, the company brings a unique, strategic and collaborative approach to meeting client objectives. Using the latest technologies and platforms, it prides itself on a track record of delivering tangible results for clients nationwide.

About Loop Insights: Loop Insights Inc. is a Vancouver-based Internet of Things (“IoT”) technology company that delivers transformative artificial intelligence (“AI”) automated marketing, contact tracing, and contactless solutions to the brick and mortar space. Its unique IoT device, Fobi, enables data connectivity across online and on-premise platforms to provide real-time, detailed insights and automated, personalized engagement. Its ability to integrate seamlessly into existing infrastructure, and customize campaigns according to each vertical, creates a highly scalable solution for its prospective global clients that span industries. Loop Insights operates in the telecom, casino gaming, sports and entertainment, hospitality, and retail industries, in Canada, the US, the UK, Latin America, Australia, Japan, and Indonesia.

Forward-Looking Statements/Information: 

This news release contains certain statements which constitute forward-looking statements or information. 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, and 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.

Loop Insights $MTRX.ca Launches Contact Tracing Platform in Las Vegas with Global Hospitality Company $QUIS.ca $MCLD.ca $NXO.ca

Posted by AGORACOM-JC at 7:15 AM on Thursday, July 23rd, 2020
Loop Insights – Medium
  • Announced the launch of its contact tracing platform in Nevada with two of Grupo Anderson’s flagship restaurants in Las Vegas, Senor Frog’s and Carlos’n Charlies
  • Loop’s contact tracing solution entry into Las Vegas, with a globally recognized hospitality company, supports the Company’s broader goals for global adoption
  • In addition to possible expansion into Grupo Anderson’s other locations in tourist destinations such as Mexico, the Caribbean, and Spain, Loop is also gaining traction with large-scale projects in Canada, Australia, the UK, and Indonesia

VANCOUVER, BC, July 23, 2020  – Loop Insights Inc. (TSXV: MTRX) (the “Company” or “Loop”), a provider of contactless solutions and artificial intelligence (“AI”) to drive marketing and real-time consumer insights, is pleased to announce the launch of its contact tracing platform in Nevada with two of Grupo Anderson’s flagship restaurants in Las Vegas, Senor Frog’s and Carlos’n Charlies. 

NEVADA ENTRY SUPPORTS GLOBAL ADOPTION GOALS

Loop’s contact tracing solution entry into Las Vegas, with a globally recognized hospitality company, supports the Company’s broader goals for global adoption. In addition to possible expansion into Grupo Anderson’s other locations in tourist destinations such as Mexico, the Caribbean, and Spain, Loop is also gaining traction with large-scale projects in Canada, Australia, the UK, and Indonesia.

Loop Insights CEO, Rob Anson stated: Las Vegas is a clear global leader in critical billion-dollar industries related to hospitality, gaming, sports & entertainment, and tourism. During these uncertain times, companies and cities around the world are looking to Las Vegas for direction on solutions; it is a major priority for Loop to help these Nevada industries and demonstrate to the world what is possible. Our discussions with casino operators, conference centers, university campuses, stadium operators, and professional sports teams are now being fast tracked because our automated contact tracing solution is highly adoptable, easy to use, accurate, secure, and can connect with other Covid-19 technology. Launching with recognizable brands, such as Senor Frog’s and Carlos’n Charlies, secures our leadership position in moving forward with other Las Vegas venues.

Senor Frog’s USA Director of Operations, Omar Licon Schmitt stated: Covid-19 certainly threw Las Vegas a curveball, and all industries need to pivot to both reopen and remain open. Adopting proper safety measures is a top priority for all in order to ensure both staff and customers to feel safe. Loop’s ability to securely capture names and phone numbers with one tap of the mobile device is impressive and something we haven’t seen on the market to date. We see this automated solution being adopted Vegas-wide, and we look forward to building a safe community together.

LAS VEGAS NEEDS TO PROTECT INDUSTRIES FROM 2ND WAVE OF COVID-19

The Company is accelerating opportunities to implement its contact tracing platform in Las Vegas as a sense of urgency grows to protect its billion-dollar industries and economy. Loop’s solution integrates its Fobi technology with mobile wallet pass technology to create a platform that is proven, reliable, and highly scalable to support large adoption rates on any existing infrastructure. 

Government officials and business owners are aware that a second wave is a major potential threat. Implementing best practice protocols will help instill confidence, keep all stakeholders safe, and ensure Las Vegas remains open and revive its economy. 

The scope of opportunity to keep people safe and businesses open is massive, as Las Vegas hosts just under 50 million visitors and generates 58 billion dollars in annual tourism alone. With tourism and other revenue-generating industries being closed for most of the year to date, time is of the essence. Loop’s speed to scale supports accelerated revenue streams for the Company, including onboarding fees per location, monthly Software as a Service fees, and active user fees.

This Press Release Is Available On The Loop Insights Verified Forum On AGORACOM For Shareholder Discussion and Q&A https://agoracom.com/ir/LoopInsights/forums/discussion 

About Grupo Anderson’s: Founded in 1963 and based in Cancun, Grupo Anderson’s has developed several restaurant concepts including Carlos’n Charlie’s, Senor Frog’s, Carlos O’Brian’s and El Squid Roe. The company has restaurants in Mexico, South America, the Caribbean, Spain, and, most recently, the United States. 

About Loop Insights: Loop Insights Inc. is a Vancouver-based Internet of Things (“IoT”) technology company that delivers transformative artificial intelligence (“AI”) automated marketing, contact tracing, and contactless solutions to the brick and mortar space. Its unique IoT device, Fobi, enables data connectivity across online and on-premise platforms to provide real-time, detailed insights and automated, personalized engagement. Its ability to integrate seamlessly into existing infrastructure, and customize campaigns according to each vertical, creates a highly scalable solution for its prospective global clients that span industries. Loop Insights operates in the telecom, casino gaming, sports and entertainment, hospitality, and retail industries, in Canada, the US, the UK, Latin America, Australia, Japan, and Indonesia.

Forward-Looking Statements/Information: 

This news release contains certain statements which constitute forward-looking statements or information. 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, and 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. 

SOURCE LOOP Insights Inc.

VIDEO – Loop Insights $MTRX.ca Artificial Intelligence #AI + ImagineAR $IP.ca $IPNFF Augmented Reality Will Change Shopping Forever $SEV.ca $VST.ca $YDX.ca $NTAR.ca

Posted by AGORACOM-JC at 9:00 PM on Wednesday, July 22nd, 2020
Loop Insights – Medium

“Change Shopping Forever” … that’s a pretty bold statement to make from two small cap companies in the early stages of commercialization.  But when you watch this interview, it becomes pretty apparent why Loop Insights (MTRX:TSXV) and ImagineAR (IP:CSE / IPNFF:OTCQB) realized within a couple of hours of speaking they were creating the “Minority Report” of shopping.  

How?  

Well, this is the part where we write a carefully crafted synopsis of the interview to provide viewers with enough context to dive into the video.  But this is the first time in our existence where a synopsis just isn’t possible because it’s tough enough trying to describe the benefits of one paradigm shifting technology, let alone two of them that have joined forces.  If we tried, we’d give away the entire interview and still not do it justice.  

Trust us that this is a video you have to watch – and then share.  In fact, you’ll probably end up watching it a couple of times.  

These two companies are onto something we’ve never seen before.  At Agoracom, we believe the convergence of AI and AR is going to change the world this decade in many applications – and we just found the first two companies who may very well be doing by closing the loop between E-commerce and Bricks & Mortar.  

Get your popcorn ready.  

Watch this interview or listen by Podcast on AppleGoogleSpotify or your favourite podcaster.

Loop Insights $MTRX.ca Launches AGORACOM Platform For Online Marketing And Verified Discussion Forum For Clean Social Media Engagement

Posted by AGORACOM-JC at 11:22 PM on Monday, July 20th, 2020
Loop Insights – Medium
  • Loop’s Founder & CEO Rob Anson commented: “We are very excited to start working with the AGORACOM team to leverage their innovative platform and hyper-targeted approach to help us tell our Loop story to a much larger audience. As we continue to grow, and as we have now applied for a listing on the OTCQB market George and his team will be crucial to helping us reach a new and larger audience.”

VANCOUVER, BC / July 20, 2020 / Loop Insights Inc. (TSXV:MTRX) (the “Company” or “Loop”), a provider of contactless solutions and artificial intelligence (“AI”) to drive marketing and real-time consumer insights, is pleased to announce is pleased to announce the launch of a 12 month online marketing campaign through AGORACOM for the purposes of targeting new potential investors that would be specifically interested in the Company’s business model, as well as engaging shareholders through a custom and moderated forum.

SIGNIFICANT EXPOSURE THROUGH AGORACOM DIGITAL NETWORK

In 2019, AGORACOM surpassed 600 million-page views, exceeded industry engagement metrics by over 400% and has served over 350 public companies.

The Loop HUB containing multiple landing pages, videos, photos and other helpful information updated in real-time over the next 12 months will be live on July 22nd and can be found at https://agoracom.com/ir/LoopInsights

The Loop HUB will receive significant exposure through continuous brand impression, content marketing, search engine marketing and social media engagement throughout the entire AGORACOM network. AGORACOM is the only small cap marketing firm to hold a Twitter Verified badge, averaging 4.2 million Twitter impressions per month in 2019.

MODERATED DISCUSSION FOR MANAGEMENT AND SHAREHOLDERS

The Company has also launched a “CEO Verified” Discussion Forum on AGORACOM to serve as the Company’s primary social media platform to interact with both current and prospective shareholders in a fully moderated environment.

The Loop discussion forum can be found at: https://agoracom.com/ir/LoopInsights/forums/discussion

Loop’s Founder & CEO Rob Anson commented: “We are very excited to start working with the AGORACOM team to leverage their innovative platform and hyper-targeted approach to help us tell our Loop story to a much larger audience. As we continue to grow, and as we have now applied for a listing on the OTCQB market George and his team will be crucial to helping us reach a new and larger audience.”

George Tsiolis, AGORACOM Founder stated “From our inception, investors have counted on AGORACOM as a source of discovering great, disruptive small cap and start up companies. This decade will see the greatest digital paradigm shift in history and it will be driven by nimble companies like Loop Insights that combine Artificial Intelligence, IoT and cloud computing to help brick & mortar businesses convert customers into digital customers. When you add in Loop’s contact tracing platform advancements with government officials and live event operators around the world in such a short period of time, Loop Insights becomes a must watch story in 2020. AGORACOM is proud to bring their brand and story to the small cap investment world.”

Under the terms of the agreement, the Company will pay AGORACOM $75,000 + GST total compensation for the 12-month term, expiring June 30, 2021. The payments will be due on the last day of each three (3) month service period. The Company will issue shares for payment of services, which will be subject to TSX Venture approval. The price of the securities will be determined using the closing price on each date due (July 1, 2020; October 1, 2020; January 1, 2021; April 1, 2021 and June 30, 2021).

The deemed price of the securities to be issued will be determined after the date services are provided to advertiser in each period and are to be calculated using the closing price on each date above.

The Company also announces that it has closed its non-brokered private placement of 5,686,904 units (“Units”) at a price of $0.105 per Unit for aggregate gross proceeds of $597,125 Each Unit is comprised of one (1) Loop Common Share and one warrant (“Warrant”), with each Warrant entitling the holder thereof to acquire one (1) Loop Common Share at a price of $0.25 per share for a period of two (2) years from the date of Closing, subject to acceleration. The proceeds of the Offering will be used for general working capital and general corporate expenditure purposes.

All the securities issued will be subject to a four-month hold period from the date of closing. Loop intends to use the net proceeds for general working capital purposes.

About AGORACOM

AGORACOM is the pioneer of online marketing, broadcasting, conferences and investor relations services to North American small and mid-cap public companies, with more than 300 companies served. AGORACOM is the home of more than 7.7 million investors that visited 55.2 million times and read over 600 million pages of information over the last 10 years. The average visit of 8min 43sec is more than double that of global financial sites, which can be attributed to the implementation and enforcement of the strongest moderation rules in the industry.

About Loop Insights

Loop is a Vancouver-based technology company that provides transformative artificial intelligence services and IoT solutions to the brick and mortar retail industry to support its longevity in the face of a growing online consumer culture. At the core of its solution is the Fobi IoT technology, which has the unique ability to connect company-wide data with in-store transactional data in real time. This disruptive capability creates revenue-generating insights, which can be actioned through Loop’s automated personalized marketing platform to increase foot traffic, wallet share, loyalty and spend.

For more information, please contact:

Loop Insights Inc.

Rob Anson, CEO
T: +1 877-754-5336 Ext. 4
E: [email protected]
LOOP Website: www.loopinsights.ai
Facebook: @LoopInsights
Twitter: @LoopInsights
LinkedIn: @LoopInsights

Forward-Looking Statements/Information:

This news release contains certain statements which constitute forward-looking statements or information. 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, and 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.

SOURCE: LOOP Insights Inc.

Loop Insights $MTRX.ca and ImagineAR $IP.ca $IPNFF Sign MOU To Integrate Artificial Intelligence and Augmented Reality #AR, Creating Real-Time Actionable Data For Brands To Hyper Target Consumers and Sports Fans

Posted by AGORACOM-JC at 7:16 AM on Monday, July 20th, 2020
Loop Insights – Medium
  • Announced the signing of an MOU with ImagineAR (CSE: IP); (OTCQB: IPNFF) an Augmented Reality (“AR”) mobile platform
  • Integration of each company’s respective technologies into a singular platform will deliver personalized promotions and targeted engagement, leading to higher conversions and transaction revenue in the professional sports, entertainment, and retail industries
  • Both companies are well supported and positioned with Loop recently becoming a member of the Amazon Partner Network and ImagineAR being a Microsoft co-sell Azure partner

VANCOUVER, BC, July 20, 2020 – Loop Insights Inc. (TSXV: MTRX) (the “Company” or “Loop”), a provider of contactless solutions and Artificial Intelligence (“AI”) to drive marketing and real-time consumer insights, is pleased to announce the signing of an MOU with ImagineAR (CSE: IP); (OTCQB: IPNFF) an Augmented Reality (“AR”) mobile platform.

The integration of each company’s respective technologies into a singular platform will deliver personalized promotions and targeted engagement, leading to higher conversions and transaction revenue in the professional sports, entertainment, and retail industries. 

Both companies are well supported and positioned with Loop recently becoming a member of the Amazon Partner Network and ImagineAR being a Microsoft co-sell Azure partner. ImagineAR clients include NBA Sacramento Kings, AT&T, Mall of America, and the Basketball Hall of Fame.

LOOP INSIGHTS ENTERING COMMERCIALIZATION WITH TIER-1 CUSTOMERS AND NORTH AMERICAN TELECOM GIANTS

On July 13, 2020, Loop announced the acceleration of conversations and projects with two of Canada’s largest telecommunications companies, as well as, two of the largest network providers in the United States. Moreover, the Company is in advanced discussions with major organizations in the NFL, NHL, NCAA, and a globally renown Casino company. 

Loop Insights CEO Rob Anson stated: “Loop Insights utilization of Artificial Intelligence and IoT technology was already turning heads in retail with our ability to deliver dynamic, personalized promotions in real-time. With ImagineAR’s immersive AR applications, we can create a whole new world of engagement that does not exist today. Together, our innovative solution unlocks engagement strategies that consumers simply have not previously experienced. This is the convergence of AI, IoT, and AR that technology companies have been promising the retail industry for years.”

THE COMBINED OFFERING AND MARKET OPPORTUNITY

ImagineAR allows its clients real-time engagement with their consumer using mobile augmented reality. Loop Insights enhances the AR solution with artificial intelligence to make the customer experience hyper-personalized promotions for the purpose of generating a higher average spend. Loop and ImagineAR will jointly introduce their platform to each other’s global client networks to increase reach and accelerate scalability. Revenues will be driven through onboarding and annual licensing fees, both companies will also benefit from monthly Software as a Service (SaaS) and managed service fees. 

ImagineAR CEO Paul Silverrstieen added: “Both of our companies are already focused on the sports, entertainment and retail industries. ImagineAR’s platform solution captures fan and consumer attention with its immersive experiential AR activations. Now with Loop’s integration, we can offer highly personalized, dynamic targeted promotions to increase loyalty and consumer spend, as well as marketing attribution to create detailed fan loyalty profiles, for our shared global clients.”

Together, the companies plan on seizing huge market opportunities in AR and AI. According to Allied Market Research, in 2017, the global augmented and virtual reality market size was $11.35 billion and is now projected to reach $571.42 billion by 2025—growing at a CAGR of 63.3%. The global artificial intelligence market size was estimated at $39.9 billion in 2019 and is expected to reach 62.3 billion by the end of this year (2020) alone. The companies are set on capturing meaningful market share by merging their respective groundbreaking technologies, which are already achieving 3rd party validation.

About ImagineAR Inc.
ImagineAR is an augmented reality (AR) platform that enables businesses of any size to create and implement their own AR campaigns with no programming or technology experience. Every organization, from professional sports franchises to small retailers, can develop interactive AR campaigns that blend the real and digital worlds. Customers simply point their mobile device at logos, signs, buildings, products, landmarks, and more to instantly engage videos, information, advertisements, coupons, 3-D holograms, and any interactive content all hosted in the cloud and managed using a menu-driven portal.

About Loop Insights: Loop is a Vancouver-based technology company that provides transformative artificial intelligence services and IoT solutions to the brick and mortar retail industry to support its longevity in the face of a growing online consumer culture. At the core of its solution is the Fobi IoT technology, which has the unique ability to connect company-wide data with in-store transactional data in real time. This disruptive capability creates revenue-generating insights, which can be actioned through Loop’s automated personalized marketing platform to increase foot traffic, wallet share, loyalty and spend.

Forward-Looking Statements/Information: 

This news release contains certain statements which constitute forward-looking statements or information. 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, and 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.

Loop Insights $MTRX.ca Announces International Contact Tracing Solution Update

Posted by AGORACOM-JC at 7:22 AM on Friday, July 17th, 2020
Loop Insights – Medium
  • Announced that it has accelerated conversations for the implementation of its Covid-19 contact tracing solution with government officials, and live event and stadium operators, in North America, Australia, Indonesia, and the U.K., since its launch in June 2020.
  • Loop’s goal is to leverage this frictionless implementation process to gain government and public sector endorsement at all levels

VANCOUVER, BC, July 17, 2020 – Loop Insights Inc. (TSX.V: MTRX) (the “Company” or “Loop”)—provider of transformative artificial intelligence (“AI”) Internet of Things (“IoT”) solutions—announced that it has accelerated conversations for the implementation of its Covid-19 contact tracing solution with government officials, and live event and stadium operators, in North America, Australia, Indonesia, and the U.K., since its launch in June 2020.

Loop CEO Rob Anson stated: “Receiving this level of interest across verticals and geographical borders is a true testament to Loop’s unique IoT connectivity capabilities. Our core technology has always been built on automation, simplicity and usability. To be able to support the health, safety, and economic recovery of communities is incredibly motivating. Our opportunity to expand Loop’s global reach has never been greater.”

The coronavirus has had a devastating effect on the health and economies of 188 nations. Government officials and business owners are aware that a second wave is coming, and to prepare, they need proper protocols and mandates in place. Loop’s key to success stems from an ability to seamlessly integrate and enhance businesses’ existing solutions. With its SIM-enabled connectivity, and compatibility with up to forty languages, Loop’s contact tracing platform supports fast, scalable deployment anywhere in the world.

Loop’s goal is to leverage this frictionless implementation process to gain government and public sector endorsement at all levels. For government contracts, the Company will gain revenue from onboarding fees per location, an annual software licensing fee with managed service, and ongoing revenue from active user fees. For venue operators, revenue stems from onboarding fees, monthly Software as a Service (SaaS) fees, and ongoing active user fees.

Loop COO Gavin Lee added: “Loop strongly supports the continuation of physical distancing and its implementation in business operations. We understand the need to kickstart economies, but in order to instill confidence back into sports venue and other hospitality experiences, systems must be in place to protect both staff and customers.”

Combining Loop’s IoT and artificial intelligence capabilities with wallet pass technology, creates a digital Covid-19 Contact Card (stored in their Apple or Google wallet). Users tap their mobile device to check in. Check-ins are tracked based on time and location; and if an outbreak is recorded, the platform can provide real-time notifications to an unlimited number of users. The Company’s automated solution is contactless, fast, accurate and scalable—and for those reasons, it is well positioned for global scale.

About Loop Insights: Loop is a Vancouver-based technology company that provides transformative artificial intelligence services and IoT solutions to the brick and mortar retail industry to support its longevity in the face of a growing online consumer culture. At the core of its solution is the Fobi IoT technology, which has the unique ability to connect company-wide data with in-store transactional data in real time. This disruptive capability creates revenue-generating insights, which can be actioned through Loop’s automated personalized marketing platform to increase foot traffic, wallet share, loyalty and spend.

Forward-Looking Statements/Information:

This news release contains certain statements which constitute forward-looking statements or information. 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, and 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.