VANCOUVER, Dec. 17, 2018 /CNW/ - Good Life Networks Inc.
("GLN", or the "Company") (TSXV: GOOD) (FSE: 4G5), a programmatic advertising technology company, today
announced that it has entered a commercial agreement with a Major Canadian Financial Institution to provide credit facilities
that will give GLN access to an aggregate total of $11,250,000. Included among the credit
facilities is a $5,000,000 revolving line of credit to help support working capital as the company
scales, and an acquisition line of credit to support company M&A strategies. Management plans to access funds from the
acquisition line of credit to complete a recently announced acquisition.
"The credit facilities will help us meet our growth objectives while maximizing shareholder value," said GLN CEO Jesse Dylan.
"We are thrilled to be working with a Major Canadian Financial Institution now and in the future as we continue to scale our
business."
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.
The GLN Story
GLN's technology is the engine that sits between advertisers and publishers. The GLN Platform is built for cross device
video advertising: Mobile, In-App, Desktop and CTV (Connected Television). The Programmatic Video Marketing Platform is powered
by GLN's Patent Pending proprietary machine learning technology that targets and connects digital advertisers with consumers
three times faster than industry standards, with among the lowest fraud rates among vendors without collecting PII (Personal
Identifiable Information).
The Programmatic Video Technology Platform features integrations at the server level with both Publishers and Advertisers. Our
technology quickly finds the most valuable advertisement for every consumer. Publishers make more money through improved CPM
(advertising fill rate) combined with a more engaged consumer experience. Advertisers make more money by reaching their target
audience more effectively. GLN makes money by retaining a percentage of the advertiser's fee.
GLN is headquartered in Vancouver, Canada with offices in the US and UK and trades on the TSX
Venture Exchange under the stock symbol "GOOD" and The Frankfurt Stock Exchange under the stock symbol 4G5.
Addressable Market: The total media ad spend worldwide will rise 7.4% to $628.63 billion by this
year, according to "Global Ad Spending: The eMarketer Forecast for 2018." By 2020, digital's share of total advertising will near
50%.
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 the performance of the 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 digital advertising industry and general economic conditions, success of acquisitions and any
growth strategies implemented utilizing the noted debt instrument. In making the forward?looking statements in this news
release, the Company has applied several material assumptions, including without limitation that any acquisitions and corporate
directives and initiatives will be successfully completed in the time expected by management and 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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