VANCOUVER, July 12, 2018 /CNW/ - Good Life Networks Inc.
("GLN", or the "Company") (TSXV: GOOD) (FSE: 4G5), a Vancouver-based programmatic advertising technology
company is pleased to announce a commercial partnership currently under NDA with the digital advertising arm of a triple play
(Television, Mobile, Internet) Fortune 500 U.S. based Telecommunications company.
"Creating multiple revenue streams by leveraging our patent pending technology and experience are the primary focus of our
growth strategy. Integrations are an important component of that strategy. Our video advertising platform delivers great returns
for supply side vendors like our new telco relationship," stated GLN CEO Jesse Dylan, "and this gives GLN access to a substantial
number of multiple new advertisers, brands and revenue opportunities."
The GLN Story
GLN harnesses the power of artificial intelligence to improve marketing return on investments for advertisers using
its patent pending video advertising technology. By 2020, MAGNA, the research arm of media buying firm IPG Mediabrands, expects
digital ads to make up 50 percent of all ad spending, expected to reach $237 billion this year. GLN
recently closed a $9.2 million subscription financing prior to closing its qualifying transaction
and trades on the TSX Venture Exchange under the stock symbol "GOOD" and The Frankfurt Stock Exchange under the stock symbol
4G5.
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.
Forward Looking Statements:
Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs
regarding future events of management of GLN. This information and these statements, referred to herein as "forward‐looking
statements", are not historical facts, are made as of the date of this news release and include without limitation, statements
regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with
respect to U.S. BASED TELECOMMUNICATIONS COMPANY. These statements generally can be identified by use of forward-looking words
such as "may", "will", "expect", "estimate", "anticipate", "intends", "believe" or "continue" or the negative thereof or similar
variations. These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially
from results suggested in any forward-looking statements. Important factors that may cause actual results to vary include without
limitation, risks relating to the integration with U.S. BASED TELECOMMUNICATIONS COMPANY and general economic conditions. In
making the forward‐looking statements in this news release, the Company has applied several material assumptions, including
without limitation that the U.S. BASED TELECOMMUNICATIONS COMPANY partnership will be successfully completed in the time expected
by management and its commercial agreement with U.S. BASED TELECOMMUNICATIONS COMPANY will produce the desired results, generate
the anticipated revenue and expand GLN's global reach per management's expectations. GLN does not assume any obligation to update
the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward
looking-statements, other than as required by applicable securities laws. Additional information identifying risks and
uncertainties is contained in GLN's filings with the Canadian securities regulators, which filings are available at www.sedar.com .
SOURCE Good Life Networks Inc.
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