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Snipp Interactive Inc. ("Snipp"), an international provider of mobile marketing solutions listed on the TSX Venture Exchange (TSX VENTURE:SPN), Anuncios en Directorios, S.A. de C.V. ("Seccion Amarilla"), Mexico's leading yellow pages and multi-media advertising company (controlled by industry titan Mr. Carlos Slim Helu), and VirKet S.A. de C.V. ("VirKet"), a leading provider of digital marketing services and the exclusive licensee of the Snipp platform in Mexico, today announced that the companies have signed an agreement of understanding to develop mobile solutions exclusively for Seccion Amarilla clients.
Seccion Amarilla's first deployment of Snipp's Mobilize Me platform and services is across the 2012 issue of its Yellow Pages book for Mexico City. The issue was launched on the 2nd of October and has been received by 2.1MM households in Mexico City. There are several QR codes printed in the book, including one prominently on its cover. Currently the QR codes point to a video, and over time Seccion Amarilla plans to create special offers for consumers that will be accessible by scanning the QR codes. This campaign is the largest mobile marketing event in the history of Mexico.
Seccion Amarilla and Snipp have also begun working together to build and deploy mobile solutions for various other operating firms within Grupo Carso, including Telmex, the largest Telecom Operator in Mexico and Sanborns, the retail arm that oversees 180 Sanborns Stores, 90 Sears Stores, 60 Mixup Stores, 30 iShop Stores and 3 Saks Fifth Avenue Stores in Mexico. In addition, the two companies are working on deploying a range of mobile-enabled business models for the Mexican market in 2013-14 for clients ranging from SMBs to multinationals.
VirKet sub-licensed Snipp's Mobilize Me technology platform under a strategic sales partnership agreement between the two companies that was announced on May 30, 2012, and will be using the platform to provide mobile marketing services to Seccion Amarilla in Mexico on an exclusive basis. Maintenance of exclusivity will be subject to reaching certain business performance targets.
This agreement makes Snipp unique in that it provides publishers, agencies and advertisers with a full suite of mobile marketing tools for seamless implementation across Mexico, the United States and Canada.
Mr. Benjamin Podoswa Schwaycer, CEO of Anuncios en Directorios, S.A. de C.V. said, "We have deployed the Snipp platform in Mexico on our 2012 Yellow Page edition that reaches over 2MM households. Early results have far exceeded expectations and we look forward to developing our partnership with Snipp to further implement innovative mobile business models for the Mexican market."
Mr. Pedro Quinzanos Cancino, CEO of VirKet said, "We are excited and grateful to work with such an excellent company as Anuncios en Directorios. With Snipp's mobile marketing platform, we can effectively merge offline and online marketing solutions together across a range of industries in Mexico including some of the leading retail, consumer and publishing brands in the country. Mexico, through companies such as TelMex Internacional and America Movil, are rapidly adopting mobile technology and more and more clients in Mexico are looking for mobile solutions. Snipp's scalable technology is ideal and this agreement is proof of a very exciting beginning."
Atul Sabharwal, CEO of Snipp noted: "We embrace our newest partner Anuncios en Directorios, S.A. de C.V. and are excited to work with this exceptional company. They are marketing leaders in Mexico offering cutting edge solutions. VirKet is a great partner that has opened this incredible door. We look forward to working with both companies to expand mobile marketing services throughout Mexico and beyond. Snipp will continue to build its roster of international partners to bring our unique platform to users globally."
Anuncios en Directorios, S.A. de C.V.
Anuncios en Directorios, S.A. de C.V. (www.seccionamarilla.com.mx) sells advertising multi-media. Otherwise known as "Seccion Amarilla" (Yellow Pages) they are mostly known for telephone directories both in print and electronic. Anuncios en Directorios, S.A. de C.V. is a company controlled by leading international businessman Mr. Carlos Slim Helu.
Anuncios en Directorios S.A. de C.V. is present in Mexico, United States, El Salvador, Peru and Columbia.
About VirKet S.A. de C.V
VirKet SA. De CV (www.virket.com) is a digital marketing agency that provides telecom operators, publishers, advertising agencies and other companies with a large SMB footprint with digital advertising campaigns and products that are built to increase their ROI and provide additional income channels through their current customer bases. VirKet also specializes in working with government agencies to provide digital platform services that engage SMB's, educate them on the benefits of marketing online and providing tools to get their business online through various VirKet sponsored government programs. VirKet has offices in the United States and Mexico.
About Snipp Interactive Inc.
Snipp Interactive Inc. (www.snipp.com) provides print publishers, advertising agencies and corporate/consumer brands, including Fortune 500 companies, with a full suite of mobile marketing services across North America and generates revenue by designing, constructing, implementing and managing these mobile marketing services for its customers. Snipp Interactive Inc. is headquartered in Washington, D.C. with international operations in Canada, Mexico and India.
Disclaimer for Forward-Looking Information
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect Snipp Interactive Inc.'s current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the closing of the Qualifying Transaction. Such statements and information reflect the current view of Snipp Interactive Inc. with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and Snipp Interactive Inc. undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.
Snipp Interactive Inc. cautions that the foregoing list of material factors is not exhaustive. When relying on Snipp Interactive Inc.'s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Snipp Interactive Inc. has also assumed that material factors will not cause any forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
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