SOURCE: 3 Tier Logic

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June 16, 2016 08:00 ET

3TL Signs Agreement to Provide Platform3 for Leading Tire Company

VANCOUVER, BC--(Marketwired - June 16, 2016) - 3TL Technologies Corp. (TSX VENTURE: TTM) (OTCQB: TTMZF) (the "Company" or "3TL") announced today that it has signed a license agreement to provide its Software as a Service (SaaS) based Platform3 to promote the tire products of a leading brand owned by a multinational tire and rubber products company. The promotion is planned to commence in July 2016 and run for one month at retail locations in the U.S.

Under the Saas license agreement, the Company's proprietary Platform3 Optical Character Recognition (receipt scanning) technology will be used to enable mobile digital rewards for consumers who purchase a set of four tires. Consumers who purchase qualifying quantities of the participating products during the promotion period will have the opportunity to submit an image of their receipts online for validation. Once their receipts are validated they will receive an entry into a sweepstakes to win valuable prizes.

"This agreement is further validation of 3TL's SaaS model by a leading consumer brand. Platform3 will now be used to facilitate over 20 promotions in 2016, including repeat business from leading consumer packaged goods ("CPG") companies and advertising agencies," said Rob Craig, CEO of 3TL Technologies. "The SaaS model provides flexibility, scalability and cost efficiencies to CPG companies compared with the traditional digital marketing technology delivery model used by most of our competitors. These benefits clearly differentiate 3TL when CPG companies use Platform3 to connect with their customers through mobile devices, provide rewards for purchasing products and supporting their brands, all while collecting valuable consumer data."

About 3TL Technologies Corp.

3TL Technologies Corp. owns 3 Tier Logic and its proprietary Platform3, Software-as-a-Service (SaaS) consumer marketing platform. Platform3 is used by consumer packaged goods (CPG) companies and their marketing agencies to engage shoppers through their mobile device, to influence their purchasing decisions, to activate mobile and online promotions, to verify proof-of-purchase, and to gather in-depth data about consumer purchase behaviours.

Platform3 encompasses proprietary consumer engagement strategies and technology modules including Digital Promotions, Receipt Scanning and Validation, Rewards and Gamification, Loyalty, Consumer-to-Consumer Sharing, Coupon Distribution, Product Recommendation Engine, Data Capture and Analytics.

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For additional information about the company please visit The TSX Venture Exchange Inc. has in no way passed upon the merits of the transaction and has neither approved nor disapproved the contents of this press release. Neither 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. This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors -- including the availability of funds and the results of financing efforts, -- that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR (see Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • For further information, please contact:
    3TL Technologies Corp.
    Robert Craig
    Chief Executive Officer
    (604) 639-5441