SOURCE: SpendSmart Networks, Inc.

October 22, 2015 07:00 ET

SMS Masterminds, Publicly Traded as SpendSmart Networks, Inc., Announces 5,000,000 Subscriber Milestone

SAN LUIS OBISPO, CA--(Marketwired - Oct 22, 2015) - SpendSmart Networks, Inc. (OTCQB: SSPC) dba "SMS Masterminds," a national full-service provider of mobile and loyalty marketing solutions, reported that 5,000,000 people have subscribed to its loyalty platform through its network of licensees and merchants.

"Our loyalty solutions continue to provide value to small and medium size businesses as the need for mobile marketing solutions continues to grow," said Alex Minicucci, CEO of SMS Masterminds.

SMS Masterminds also reported significant milestones achieved by two Masterminds' Licensees.

Colorado based licensee, David Marchiori of eDealsColorado, recently achieved the milestone of distributing 10,000,000 text messages to customers on behalf of local merchants. Similarly, Minnesota based licensee, TJ Button of Wildfrye (formerly TDDeals) reached the 9,000,000 text message milestone assisting local merchants drive customer engagement and sales.

Alex Minicucci stated, "Our valued and expanding licensee network is a key differentiator for our company. Our full service mobile marketing solutions using local 'boots on the ground' allows us to provide unique, personalized service. Our growing licensee network and expanding technology continue to assist small and medium size businesses with growing and engaging their customer base."

Minicucci added, "The backbone of our system is our performance text messaging system. Text messages are the most effective way to communicate with consumers. Zero waste, only those consumers who want them get them. 98% of text messages are read within five minutes.* Those messages can contain a frictionless mobile call-to-action: click to call, view website, download app, watch a video -- opportunities are endless. Consumers are on the go and behaviors are changing. Text messaging is ideal for reaching today's consumers."

*Single Point & Radicati Group

About SpendSmart

SpendSmart Networks provides proprietary loyalty systems and a suite of digital engagement and marketing services that help local merchants build relationships with consumers and drive revenue. These services are implemented and supported by a vast network of certified digital marketing specialists, aka "Certified Masterminds," who drive revenue and consumer relationships for merchants via loyalty programs, mobile marketing and website development. Consumers' dollars go further when they spend it with merchants in the SpendSmart network of merchants, as they receive exclusive deals, earn rewards and ultimately build a connection with their favorite merchants.

Forward Looking Statements

Certain statements in this release are forward-looking statements under the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about SpendSmart's licenses, licensees and subscribers and their growth and performance, future financial results and performance, costs and revenue, and other statements that are not historical in nature, particularly those that utilize terminology such as "plans," "anticipates," "will," "proposed," "may," "expects," "future," "continue," "show promise," other words of similar meaning, derivations of such words and the use of future dates. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Risks and uncertainties may cause SpendSmart's actual results to be materially different than those expressed in or implied by such forward-looking statements. Particular risks and uncertainties include, among others, uncertainties regarding licensee and subscriber acquisition, and achieving market acceptance, SpendSmart's ability to develop other licenses; and other risks and uncertainties described in SpendSmart's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K for the fiscal year ended December 31, 2014 filed on April 3, 2015 with the SEC and the quarterly report on Form 10-Q filed on August 14, 2015. All forward-looking statements in this release speak only as of the date of this release and are based on SpendSmart's current beliefs and expectations. SpendSmart undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Contact Information