LOI to Acquire Dabbl VANCOUVER, BC, Nov. 23, 2021 /CNW/ - Datable Technology Corp. (TSXV: DAC) (OTCQB: TTMZF) (the "Company" or "Datable"), the developer of a proprietary, SaaS-based Consumer Lifecycle and Data Management Platform called PLATFORM3, announces that it signed a non-binding letter of intent (the "LOI") on September 8, 2021, to acquire (the "Acquisition") 100 percent ownership of Adjoy, Inc. (DBA Dabbl, "Dabbl").
As previously disclosed (see press release dated October 18, 2021) Datable formed a partnership agreement with Dabbl. This agreement was designed to leverage Dabbl's large community of consumers (encompassing over 1.3 million downloads) and first-party data relationships and to accelerate consumer participation in the marketing programs that leading consumer brands launch on PLATFORM3. The duel offering - a Consumer Lifecycle and Data Management Platform accessed by a large community of consumers - has been well received by Datable's existing Fortune 500 clients and new prospective customers. In the brief duration of the partnership, Datable has closed sales of the combined product with two leading consumer goods companies (see press release dated November 3, 2021) and has a growing pipeline of customers for 2022.