Highlights: - Multiple technology updates and bug fixes to offer the best app experience for customers and merchants - Improved internal reporting system to stimulate business growth and provide better data analytics - Additional cybersecurity measures to combat fraudulent transactions - Adding new products and merchants through new agreements with large dropshipping suppliers - Developing a new licensing business model with the aim of providing high-margin annual licensing revenue - Road map includes upgrading Perk Coin into a blockchain-based digital reward
We have also been working closely with Century Service to ensure the mutual success of our partnership and to develop a licensing business model that can be replicated in other cities. This licensing model has the potential to provide high-margin annual licensing revenue. We believe that by combining our unique assets with the specialized expertise of our partners we will enable both Perk and our partners to grow most efficiently and quickly in order to serve more customers daily. One of the tools we are developing for this business line is a lite webbased ordering tool so that restaurant customers can order from their table using their phone's browser. Customers will then be prompted to download our app to earn digital loyalty rewards on future purchases. Looking forward, we are in the process of planning updates to our product roadmap as the business environment rapidly changes with the easing of pandemic restrictions. We are now seeing a new trend in consumer behaviour as consumers are spending more on restaurants, travel and experiences and less on purchasing items for their homes. Brands are now more than ever focused on designing and delivering seamless integrated experiences for their customers across multiple channels. On top of that, many businesses, especially restaurants, are experiencing a labour shortage as the workforce for certain industries has moved on to other areas. The pandemic has also accelerated consumer adoption of eCommerce, QR code mobile payment and cryptocurrency. We believe that the investments we have made in our platform position us well for the future as the online and offline worlds become one and our platform will be a great solution for offline businesses that are looking for ways to use technology to alleviate the worker shortage. One of our top priorities for this year will be to upgrade Perk Coin to a blockchain-based digital reward. We believe that customers will be much more incentivized by non-breakable, distributed rewards earned via smart contracts that can be accessed in a digital wallet and exchanged for other items of value. We will be providing further updates on our product roadmap and development of Perk Coin in the near future.' Perk's goal is to build out an everyday app that offers shopping, food ordering and mobile payments, and the Company is focused on creating a seamless experience and unlocking value for its customers by offering complementary services on a single platform with digital loyalty rewards at its core.
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T: (833) 338-0299
E: investors@perklabs.io
Forward-Looking Statements This press release contains forward-looking information or forward-looking statements (collectively 'forward-looking information') within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: 'may', 'believe', 'thinks', 'expect', 'exploring', 'expand', 'could', 'anticipate', 'intend', 'estimate', 'plan', 'pursue', 'potentially', 'projected', 'should', 'will' and similar expressions, or are those, which, by their nature, refer to future events. These forward-looking statements, which involve risks and uncertainties, relate to, among other things, the discussion of the Company's business strategies and its expectations concerning future operations, that technology improvements and fixes will optimize the customer experience for our users, that improved internal reporting will stimulate business growth, that additional cybersecurity measures will combat fraudulent transactions, our plans to add new digital gift cards in the near future, that a new licensing business model will provide high-margin annual licensing revenue, that the investments we have made in our platform position us well for the future as the online and offline worlds become one and will be a great solution for offline businesses that are looking for ways to use technology to alleviate the worker shortage, and that customers will be much more incentivized by nonbreakable, distributed rewards earned via smart contracts that can be accessed in a digital wallet and exchanged for other items of value. Although the Company considers these forward-looking statements to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking statements. Undue reliance should not be placed on such forward-looking information, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur.
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