TORONTO, March 29, 2018 (GLOBE NEWSWIRE) -- Snipp Interactive Inc. ("Snipp" or the “Company”) (OTCQB:SNIPF)
(TSX-V:SPN), a global provider of digital marketing promotions, rebates and loyalty solutions, announces that it will release its
financial results for Fourth Quarter and Fiscal Year 2017 prior to the market open on Tuesday April 3, 2018. Snipp management will
host a conference call and live webcast for analysts and investors on Tuesday, April 3, 2018 at 10:00 a.m. Eastern Time to discuss
the Company’s financial results. The conference call dial-in details will be posted to the Snipp website later this week under the
‘Investors’ section of www.snipp.com.
The Company also announces the closing of the fourth tranche (the “Fourth Tranche”) of the non-brokered private
placement (the “Financing”) previously announced on March 2, 2018. The Fourth Tranche was comprised of 6 million shares at a price
of CAD$0.10 per share for gross proceeds of CAD$600,000. The four-month hold period for all shares issued under the Fourth Tranche
will expire on July 29, 2018 in accordance with Canadian securities laws. Finder's fees were paid to an agent in connection with
the Fourth Tranche and consisted of commission of CAD$36,000 and 360,000 warrants (“Finder’s Warrants”). Each Finder’s
Warrant entitles the holder to purchase one common share at an exercise price of CAD$0.10 for a period of 2 years from the date of
distribution.
“We are pleased with our Q4 and full year 2017 performance and look forward to sharing our results next week.
This is an exciting time for our company as we expand into new markets ranging from Hospitality to Cannabis as well as continue to
get more deeply entrenched with our traditional consumer product and retail clients. In addition, we have layered in more solutions
for our clients and added to our revenue streams over the last year. We look forward to addressing all of these topics on our
conference call next week”, commented Atul Sabharwal, CEO of Snipp.
About Snipp:
Snipp is a global loyalty and promotions company with a singular focus: to develop disruptive engagement platforms
that generate insights and drive sales. Our solutions include shopper marketing promotions, loyalty, rewards, rebates and data
analytics, all of which are seamlessly integrated to provide a one-stop marketing technology platform. We also provide the services
and expertise to design, execute and promote client programs. SnippCheck, our receipt processing engine, is the market leader for
receipt-based purchase validation; SnippLoyalty is the only unified loyalty solution in the market for CPG brands. Snipp has
powered hundreds of programs for Fortune 1000 brands and world-class agencies and partners.
Snipp is headquartered in Toronto, Canada with offices across the United States, Canada, Ireland, Europe, and
India. The company is publicly listed on the OTCQB, of the OTC market in the United States of America, and on the Toronto Stock
Venture Exchange (TSX) in Canada. Snipp was selected to the TSX Venture 50®, an annual ranking of the strongest performing
companies on the TSX Venture Exchange, in 2015 and 2016. SNIPP IS RANKED AMONGST THE TOP 500 FASTEST GROWING COMPANIES IN NORTH
AMERICA On Deloitte’s 2017 Technology Fast 500™ List, for the second year in a row.
FOR FURTHER INFORMATION PLEASE CONTACT:
MKR Group, Inc.
Todd Kehrli / Mark Forney
snipp@mkr-group.com
Snipp Interactive Inc.
Jaisun Garcha
Chief Financial Officer
investors@snipp.com
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties, which may cause actual
results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will",
"intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking
statements. Such statements reflect our current views with respect to future events and are subject to such risks and
uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors
discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and
uncertainties, such as changes in demand for and prices for the products of the company or the materials required to produce those
products, labour relations problems, currency and interest rate fluctuations, increased competition and general economic and market
factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially
from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to
update these forward-looking statements, except as required by law. The reader is cautioned not to put undue reliance on such
forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Copyright Snipp Interactive Inc. All rights reserved. All other trademarks and trade names are the property of their respective
owners.
