Vancouver BC – July 5, 2017 – RewardStream Solutions Inc., (“RewardStream” or the “Company”) (TSX-V: REW and Frankfurt: JL4L, WKN Number A2APX1), a world leader in referral marketing solutions for telecommunications, financial services and E-commerce providers, announces a corporate update on progress for the first 3 quarters of fiscal 2017. The Company is pleased to announce that since Q1 of 2017, the Company has added a record-breaking 55 new clients to its SaaS based referral marketing platform representing just under $500,000 of annualized new revenue.
Telecommunications Business Segment
The Company remains the de facto leader in the North American telecommunications segment for referral marketing. In addition to the carriers mentioned in previous updates, the Company is also proud to provide programs for a leading national Canadian postpaid wireless provider, a national home services and internet provider while also powering the program for a major national U.S. prepaid wireless carrier as well as one of the Top 4 U.S. postpaid carriers.
Financial Services Business Segment
The Company continues to add to its roster of financial service organizations. Since the beginning of fiscal 2017, the Company has added 6 new credit union clients including one of the Top 10 and one of the Top 25 largest credit unions in North America.
The company also signed its first distribution channel partnership with Green Profit Solutions to further expand its reach into the financial services market. Green Profit Solutions provides marketing strategy and design services to over 50 financial service firms and credit unions throughout the United States. Together, RewardStream and Green Profit have already signed 2 credit unions as a result of the partnership. The Company will be seeking additional channel distribution partnerships in this segment over the coming year and beyond.
E-Commerce Business Segment
During Q3 the Company began to roll out its Magento and WooCommerce integrations, and launch the first E-Commerce clients. As more commerce moves online, the Company seeks to position itself as a leader in referral marketing for online businesses. With the recent updates to the RewardStream platform, clients can now launch self-serve referral campaigns in minutes.
As previously disclosed, the Company had already launched programs for a number of online retailers. In Q3 alone the Company has closed over 30 new programs for clients in a broad range of industries – including clothing retail, fitness, medical, electronics and security. The E-Commerce market represents a green field market with tremendous upside potential and strong demand.