SOURCE: Klever Marketing, Inc.

April 16, 2013 11:00 ET

Klever Marketing, Inc. Announces Further Major Debt Reduction & Raising of Additional Bridge Funding

SALT LAKE CITY, UT--(Marketwired - Apr 16, 2013) - Klever Marketing, Inc. (OTCBB: KLMK) announced today that it has made another substantial reduction in the Company's debt as part of its ongoing program to strengthen the Company's balance sheet. The debt reduction plan, which was begun 8 months ago, has now reached a goal of 90% debt reduction and additional opportunities on further debt reduction are still available.

Additionally, the Company has also recently raised additional bridge funding to ensure completion of Phase Two of the business plan, implementing digital coupon publishing, redemption and verification.

With our unique KleverShop® application soon to be completed and installed in our Pilot Stores, Phase Two will help generate cash flow, making the company a revenue producing company.

Klever Marketing, Inc. offers a mobile management services platform for retail and manufacturer clients looking to implement mobile strategies. Its products include KleverShop®, a mobile phone application that enables consumer product manufacturers and retailers to personalize one-to-one mobile interactions with the consumer to provide mobile coupons, product information, and purchase recommendations to simplify the consumer's shopping experience; KleverDash™, a reporting and analytics dashboard for the management of retail mobile marketing programs and campaign performance and KleverBank, a digital coupon repository which among other functions to bolster performance for the manufacturer and retailer, also helps to eliminate misredemption and malredemption.

Klever is also working to complete its unique patented revolutionary Chime-Time Award™ Program that will change the consumer, retailer and supplier's experience which we refer to as the "Mother-of-all-Awards."

The company is based in Salt Lake City, Utah.

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