SAN LUIS OBISPO, Calif.–(BUSINESS WIRE)– October 16, 2014 8:19 PM
SpendSmart Networks, Inc. (SSPC) (“SpendSmart” or “the Company”), a provider of digital customer loyalty systems and services, today announced that the Company recently reached 150 total licensees in its network. Each licensee in SpendSmart’s network covers a different geographic market within the U.S., Mexico and Canada.
Through the first nine calendar months of 2014, the Company has increased the number of licensees in its licensee network from 75 to 153 as of September 30, 2014.
This network of certified digital marketing specialists, or “Certified Masterminds,” are primarily responsible for driving SpendSmart’s revenue and consumer relationships for merchants via loyalty programs, mobile marketing, mobile commerce and financial tools, such as prepaid card and reward systems. Each new licensee pays an initial fee to SpendSmart, then undergoes rigorous mobile and loyalty marketing training, preparing them to serve as the Company’s primary sales and support contact to merchants across the United States.
Alex Minicucci, CEO of SpendSmart, stated, “We have rapidly expanded our network of Certified Masterminds over the past few quarters, and expect this trend to continue in the coming months. Throughout this period of growth we have remained very selective in our choice of licensee partners, requiring each to be fully focused on this as their career, have considerable sales training, and sign a two-year agreement with our Company. We have worked diligently to provide our licensees with support services, and with the recent acquisition of TechXpress, can expand our service platform to offer merchants a wider array of marketing options.”
SpendSmart Networks provides proprietary loyalty systems and a suite of digital engagement and marketing services that help local merchants build relationships with consumers and drive revenues. These services are implemented and supported by a vast network of certified digital marketing specialists, aka “Certified Masterminds,” who drive revenue and consumer relationships for merchants via loyalty programs, mobile marketing, mobile commerce and financial tools, such as prepaid card and reward systems. Consumers’ dollars go further when they spend it with merchants in the SpendSmart network of merchants, as they receive exclusive deals, earn rewards and ultimately build a connection with their favorite merchants. For more information on SpendSmart, please visit www.spendsmartinc.com.
SpendSmart Networks Inc.
Alex Minicucci, 877-541-8398
Investor Relations Counsel:
The Equity Group Inc.
Carolyne Y. Sohn, 415-568-2255
Adam Prior, 212-836-9606