Datable Technology Corporation announced that it signed four new agreements in June 2022 with existing customers for marketing programs to be completed in 2022 and early 2023. The customers include: a customer of the Company since 2019, signed on June 21, 2022. This program is notable as it is the first time that a customer will use PLATFORM3 to host a B-to-B program to reward its distribution sales force for making sales. It is expected that the initial program will be expanded, subject to a successful trial. The home entertainment division of a leading U.S.-based film production and distribution company, an existing customer of Datable who has been using PLATFORM3 to host its loyalty program since 2018, signed on June 22, 2022. A leading bedding company, that has been a customer since 2020, signed on June 13, 2022. A Canadian based marketing and promotions agency on behalf of one of their customers that signed their first agreement with Datable in 2021, signed on June 20, 2022.
The Agreements are contracted to generate approximately $126,0 in license and rewards revenues, with additional revenues expected from transaction fees, rewards and upsells. Three of the marketing programs covered by the Agreements are scheduled to be completed in 2022 and one in early 2023, with gross margin expected to be between 40% and 50%.