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Vancouver, British Columbia, February 14, 2023 /CNW/ – Datable Technology Corporation (TSXV:DAC)(OTC:TTMZF) (the “Company” or “Datable”), developer of a proprietary, SaaS-based consumer lifecycle and data management platform, named platform3, is pleased to announce that it has renewed its annual license agreement (“Agreement”) with a leading digital media and entertainment company (“Client”).
The client is the digital arm of a leading global media and technology company that owns and operates business units that provide cable, entertainment (major movies, television broadcasts and theme parks) and streaming services.This agreement renews the license originally scheduled for June 2023extended for another year to June 2024.
The one-year renewal includes a Software-as-a-Service (SaaS) license for approximately $145,000 Plus transaction fees based on show volume and consumer engagement platform3. In 2022, Datatable will bill customers approximately $500,000 In terms of SaaS licensing and transaction fees, the estimated gross margin is over 80%, and the invoice value and gross margin are expected to increase in 2023.
“This client has been using platform3 This annual agreement has been renewed annually since 2016 and since 2018.They use our platform to connect directly with consumers and reward them with online movie tickets for purchases from leading consumer brands, while gathering valuable opt-in first-party consumer data to optimize future programs,” said robert craig, CEO of Datatable. “We are encouraged by the loyalty of our key customers, who have all renewed their annual and multi-year agreements in 2022 and have indicated that they will do so again in 2023. These long-term customers have helped us validate and improve our enterprise-grade solutions and quantify the return on investment we are delivering. We expect a return to strong revenue growth driven by growing demand for our consumer data platform, which helps lead Brands build valuable and compliant consumer databases and use the resulting tools to monetize this data to increase sales and drive loyalty.”
About Data Technologies
The data sheet has been developed platform3 Proprietary consumer lifecycle and data management platform sold to global consumer brands. platform3 Offered as a subscription service (software-as-a-service model), it is used by some of the world’s most valuable consumer brands to access new consumer communities and engage them as they collect, analyze and manage their first-party data. platform3 Combining proprietary technology to monetize consumer data, including demographics and purchasing behavior, by sending targeted offers to consumers via email and SMS. For more information, visit datatablecorp.com.
For more information about the company, please visit www.carder.com. TSX Venture Exchange Inc. does not in any way pass on the merits of the transaction nor approves or disagrees with the contents of this press release. Neither TSX Venture Exchange nor its regulatory service provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. This press release contains forward-looking information that involves known and unknown risks, uncertainties and other factors that could cause actual events to differ materially from current expectations.Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s filings on SEDAR from time to time – including the availability of funds and the results of financing efforts (see www.carder.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as required by law, the company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
SourceDatatable Technology Corp.
View the original content: http://www.newswire.ca/en/releases/archive/February2023/14/c3051.html
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