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Bullboard - Stock Discussion Forum CI First Asset U.S. Tactical Sector Allocation Index ETF T.FUT

TSX:FUT - Post Discussion

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Post by Kings_kid on Dec 07, 2011 8:38am

News regarding Western Canada

Western Dealers Co-Auto to Promote Futura's Loyalty Product Offering to Its 900+ Auto Dealer Clients in Western Canada

TORONTO, ONTARIO--(Marketwire - Dec. 7, 2011) - The Futura Loyalty Group Inc. (TSX VENTURE:FUT) (the "Company") today announced that it has entered into an agreement with Western Dealers Co-Auto ("WD Co-Auto"), a Western based buying cooperative that currently services over 900 auto dealers in Manitoba, Saskatchewan, Alberta and BC to act as a sales lead generator. Commencing February 15th, 2012, WD Co-Auto will begin promoting Futura's product offering to its dealer clients through its various client outreach channels and will refer all qualified sales leads to Futura for follow up. WD Co-Auto will also assist Futura in managing its roster of active dealer clients within Western Canada.

"This agreement with WD Co-Auto will allow us to build on the very successful arrangement we've had in place for the last two months in Eastern Canada with Co-Auto Co-Operative Inc. and have full national coverage with the two leading auto dealer buying groups in Canada. We are enjoying very strong sales momentum in Eastern Canada and look forward to replicating this success in Western Canada through this partnership with WD Co-Auto." said Mark Farrell, President and CEO of The Futura Loyalty Group.

"We are excited about promoting Futura's product offering to our 900 plus auto dealer clients. We are impressed with the very positive response they've had from auto dealers in Eastern Canada and are very confident that we can help them grow their presence significantly in Western Canada by leveraging our extensive book of auto dealer client relationships currently in place." said Mike Reid, President and CEO of WD Co-Auto.

About The Futura Loyalty Group

The Futura Loyalty Group Inc. is an industry-leading provider of integrated and stand-alone loyalty solutions for Canadian businesses. The company offers a suite of loyalty products and services including access to two existing branded loyalty currencies. Futura also develops custom programs for companies wishing to develop proprietary loyalty solutions. Futura's loyalty services include member account set up, management and reward redemption platform, a web-based program transaction reporting interface for merchants, a robust offer management system, retail POS Integration for card swipe issuance and a proprietary web based reward issuance solution. For more information regarding Futura Loyalty Group, visit www.tflg.ca.

About WD Co-Auto

WD Co-Auto is a co-operative buying group doing business with over 900 new car and truck dealerships in Manitoba, Saskatchewan, Alberta and British Columbia. WD Co-Auto was designed to benefit its auto dealer members by offering a Complete Purchasing Program providing top quality products, services, equipment, and central billing. For more information regarding WD Co-Auto, visit www.wdcoauto.com.

Comment by Kings_kid on Dec 07, 2011 8:44am
This is good news however not enough to get them on track after the poor Q3.  This will not have an impact on there numbers until 2012 Q2 as there not going to be up and running until mid Feb, 2012.  The good news I take from this is that they will have Canada taken care of without really have to do much work as Co-Auto will be doing it for them.  This will allow FUT to focus more ...more  
Comment by bigops on Dec 07, 2011 9:00am
This is excellent -- as we all know FUT is a small and lean organization. This partnership gives them feet on the street, generating leads and selling their solution without the massive cost of hiring a staff. The Co-Auto guys are great at what they do (having spoken with some users of their services) and will be able to get FUT in to the major dealer networks much faster than FUT would be able to ...more  
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