uBUCK Signs LOI With Datable to Integrate Loyalty Program Into uBUCK Pay and Flexible Cash Card Into Datable’s Rewards Offe...
13 Mai 2019 - 12:00PM
LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF) (“LiteLink”), a
leader in digital logistics and payment solutions, has announced
that its wholly-owned subsidiary uBUCK Technologies SEZC (“uBUCK”)
has signed a letter of intent (LOI) with Datable Technology Corp.
(TSXV:DAC) (OTC:TTMZF) (“Datable”) to enter into a strategic
commercial relationship.
Under the terms of the LOI, uBUCK will integrate PLATFORM³,
Datable’s loyalty and rewards program into uBUCK’s digital payments
platform. This would allow account holders of uBUCK Pay — who can
now make online payments and send worldwide payment transfers
within seconds without paying for transfer fees — to also earn
rewards for purchases and payments made within the uBUCK Pay
digital wallet or on their uBUCK Mastercard. uBUCK and Datable will
share transaction fee revenue from the convenience fees charged for
uBUCK pin vouchers and debit card transactions.
Datable’s customers are leading consumer brands that use
PLATFORM³ to reward consumers for purchasing, viewing content,
sharing content via social media, referring friends and completing
surveys. The terms of the LOI also stipulates that the uBUCK
prepaid credit card will be featured as a reward for consumers to
purchase with their points on Datable’s client’s portals.
“We believe that Datable is the #1 Rewards platform on the
market. They continue to sign up well-known brands and we’re
excited to be a part of their cash card offerings,” says James
Youn, CEO of uBUCK. Mr. Youn also commented, “The uBUCK Pay
platform will see immediate growth. Datable’s referrals will
allow uBUCK to potentially gain access to millions of new
users.”
“Datable provides consumers of Fortune 500 brands with access to
over 300 digital gift cards from leading retailers including
Starbucks, Walmart, and Target. The partnership with uBUCK provides
Datable with a unique and flexible cash card offering that our
brand customers are looking to provide to consumers as rewards for
engagement,” says Robert Craig, CEO of Datable Technology.
Mr. Craig added, “We have proven that PLATFORM³ delivers
value to leading consumer brands and consumers, the uBUCK
partnership is a new source of transaction-based revenues for
Datable. In 2019, Datable is launching new products and
applications leveraging the opt-in personally identifiable
information that for PLATFORM³ technology collects to generate
new transaction-based revenues.”
The terms of the agreement will also give Datable’s data
management platform access to non-identifiable user purchase
history data to offer uBUCK Pay users coupons and discounts for
their most popular and similar purchases.
About uBUCK Technologies SEZCBased in
Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that
specializes in decentralized digital payments and wallets. uBUCK
Pay, its online payments platform and pin voucher solution, offers
consumers, businesses and merchants a fast, commission-free and
highly secure alternative to traditional payments. Customers can
purchase pin vouchers within the uBUCK Pay app or at participating
resellers. For details about uBUCK Pay, please visit
uBUCKpay.com.
About LiteLink Technologies Inc.LiteLink is a
major player in developing world-class enterprise platforms that
utilize artificial intelligence, blockchain, and predictive
analytics to solve fragmented and outdated technology problems in
the logistics and digital payment industries. Our flagship
1SHIFT logistics platform offers real-time transparency and
tracking which allows brokers, shippers, and carriers to track
shipments and settle payments in real-time. uBUCK Pay is a
multi-currency digital wallet that supports traditional fiat and
digital currencies. Consumers are able to make online and
offline purchases using the uBUCK debit card and send funds
worldwide for free. For more information about LiteLink
Technologies Inc., please visit litelinktech.com. If you would like
to know more about the 1SHIFT logistics platform, please visit
1shiftlogistics.com.
About Datable Technology Corp.DTC has developed
a proprietary, mobile-based consumer marketing platform – PLATFORM³
– that is sold to global Consumer Packaged Goods (CPG) companies
and consumer brands. PLATFORM³ is delivered as a subscription
service (Software as a Service model) and used by CPG companies to
engage consumers, reward purchases and collect valuable consumer
data. PLATFORM³ incorporates Artificial Intelligence and Machine
Learning to monetize the consumer data, including demographics and
purchasing behaviour, by sending consumers targeted offers by email
and text messages. For more information, visit datablecorp.com.
For further information, contact Bronson Peever at 833-205-6945
ext. 3742 or investor@litelinktech.com.
Forward-Looking Statement
This news release may contain certain “Forward-Looking
Statements” within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian
securities laws. When used in this news release, the words
“anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”,
“forecast”, “may”, “schedule” and other similar words or
expressions identify forward-looking statements or
information. These forward-looking statements or information
may relate to the nature of the business of LiteLink, and other
factors or information. Such statements represent LiteLink’s
current views with respect to future events and are necessarily
based upon a number of assumptions and estimate that, while
considered reasonable by LiteLink, are inherently subject to
significant business, economic, competitive, political and social
risks, contingencies and uncertainties. Many factors, both known
and unknown, could cause results, performance or achievements to be
materially different from the results, performance or achievements
that are or may be expressed or implied by such forward-looking
statements. LiteLink does not intend and does not assume any
obligation, to update these forward-looking statements or
information to reflect changes in assumptions or changes in
circumstances or any other events affections such statements and
information other than as required by applicable laws, rules, and
regulations.
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