6 new contracts up to 40M annually
One Quarter TORONTO, ON / ACCESSWIRE / October 31, 2022 / Adcore Inc. (the "Company" or "Adcore") (TSX:ADCO) (OTCQX:ADCOF) (FSE:ADQ) (TSX:ADCO-WT), a leading e-commerce advertising management and automation platform to leverage digital marketing in an effortless and accessible way ("EffortlessMarketing"), today announced that during third quarter 2022, the Company signed six new clients across three of its regions: North America, Greater China, and Australia and New Zealand, representing an aggregated estimated annual advertising budget of up to CAD$40 million, a record in terms of potential ad spend acquired in one quarter by the Company. Adcore will provide a wide range of its proprietary technologies and services across all marketing efforts to develop effective advertising strategies to enhance the growth of its newly acquired clients. All the new clients are in the e-commerce space in diverse sectors including: "baby and kids", "outdoor", "fashion and apparel", "furniture and living" and "health and fitness". Omri Brill, CEO of Adcore, commented, "We are having tremendous success with our client development efforts worldwide, clearly evidencing our ability to attract new advertising partners with robust potential annual advertising budgets. These new clients operate exclusively in the e-commerce space and recognize Adcore's technological solutions, expertise, and value as an effective e-commerce digital marketing partner. Moreover, approximately 75% of the new estimated ad spend budget comes from North America, demonstrating our success winning clients in a region we have targeted as a strategic growth market for Adcore. We are encouraged by the strong momentum these new wins will create in the business as we head into the fourth quarter and continue on to 2023."