I Love Rewards Inc.

I Love Rewards Inc.

November 28, 2007 11:04 ET

I Love Rewards Closes Series A Financing Round with JLA Ventures

Attention: Assignment Editor, Business/Financial Editor, News Editor, Tech/Telecomm Editor TORONTO/ONTARIO/MEDIA ANNOUNCEMENT--(Marketwire - Nov. 28, 2007) - I Love Rewards Inc., one of North America's leading web based reward program providers, today announced that it has completed a $3.3 million Series A financing round with JLA Ventures, Laurence Capital and other angel investors.

"We're thrilled to be entering into a partnership with Canada's premier venture capital firm," said I Love Rewards CEO and founder, Razor Suleman. "We feel very strongly that, with this funding, we have the capacity to make I Love Rewards the most successful rewards and recognition program provider in the industry".

I Love Rewards plans to use the funding to further develop marketing strategies and technological capabilities, with the focus on I Love Rewards Express, its online business-to-business rewards platform targeted to the small to medium size business market.

John Albright, managing partner of JLA Ventures commented, "We believe that I Love Rewards has a tremendous future, and we're happy and proud to join them for the next big step of their journey."

For more information, please visit www.iloverewards.com.

About I Love Rewards Express

I Love Rewards Express is a business-to-business rewards platform that allows clients to build custom web based incentive programs in minutes. I Love Rewards Express focuses on increasing employee motivation and retention.

About I Love Rewards

I Love Rewards (www.iloverewards.com) develops innovative web-based reward solutions for small and medium- sized businesses and Fortune 1000 companies. I Love Rewards is one of Canada's Top 100 Employers for 2007 and 2008 and ranked #12 on the PROFIT 100 list of Canada's Fastest-Growing Companies of 2007.

About JLA Ventures

JLA Ventures is one of Canada's leading venture capital firms that invests in growth companies that are focused on the Internet, digital media, e-commerce, communications security, mobile computing, and enterprise software companies.

/For further information: For press inquiries, please contact Amy Cole (amy.cole@iloverewards.com)./ IN: FINANCE, TECHNOLOGY

Contact Information

  • Amy Cole, PR Coordinator, I Love Rewards Inc.
    Primary Phone: 416-531-1531 ext. 236