WASHINGTON, DISTRICT OF COLUMBIA--(Marketwire - Oct 25, 2012) -
This document corrects and replaces the news release distributed on October 24, 2012 at 9:15 AM EDT.
Snipp Interactive Inc. (www.snipp.com), (SPN.V) an international provider of mobile marketing solutions listed on the TSX Venture Exchange (Trading Symbol SPN), today announced that its partner in Mexico has been selected by Telmex, a leading telecom operator in Mexico, to create a marketing campaign for cell phone and tablet users.
Telmex is owned by Fortune 500 company America Movil, the largest telecommunications company in Mexico. The company owns approximately 90 percent of the telephone lines in Mexico City and currently has revenue in excess of USD $12 billion annually. It also provides communication services throughout Latin and South America.
The marketing campaign will use Snipp technology to create a contest for users to enter with their cell phones. This contest is an augmented reality video game experience complemented with Telmex branding and messaging. Users can enter the contest through their cell phone by simply following instructions provided at all Telmex retail outlets and phone kiosks across Mexico City. The campaign is expected to launch in early December to tie into Christmas promotions offered by Telmex.
Mr. Pedro Quinzaños Cancino, CEO of VirKet said, "This campaign puts us on the cutting edge of mobile marketing technology in Mexico with Snipp. We continue to effectively merge offline and online marketing solutions together across a range of industries in Mexico and see our business and interest in mobile solutions growing at a fast pace."
Atul Sabharwal, Snipp''s CEO said, "We are very excited to launch our newest technology, an augmented reality solution, with Telmex. This solution provides brands with a groundbreaking new technology that can engage customers by the one item they have with them at all times - their cell phones or tablets. Marketing in Mexico is focusing more and more on mobile solutions, as is the rest of the world, and expect to capture significant market share as evidenced by our ability to win business from a big established player like Telmex."
Telmex is a Mexican telecommunications company headquartered in Mexico City that provides telecommunications products and services in Mexico, Argentina, Colombia, Brazil (Embratel) and other countries in Latin America. Telmex is still the dominant fixed-line phone carrier in Mexico. In addition to traditional fixed-line telephone service, Telmex also offers Internet access, data, hosted services and IPTV. Telmex owns approximately 90 percent of the telephone lines in Mexico City.
About VirKet S.A. de C.V
VirKet SA. De CV (www.virket.com) is a digital marketing agency that provides telecom operators, publishers, advertising agencies and other companies with a large SMB footprint with digital advertising campaigns and products that are built to increase their ROI and provide additional income channels through their current customer bases. VirKet also specializes in working with government agencies to provide digital platform services that engage SMB''s, educate them on the benefits of marketing online and providing tools to get their business online through various VirKet sponsored government programs. VirKet has offices in the United States and Mexico.
About Snipp Interactive Inc.
Snipp Interactive Inc. (www.snipp.com) provides print publishers, advertising agencies and corporate/consumer brands, including Fortune 500 companies, with a full suite of mobile marketing services in North America, and generates revenue by designing, constructing, implementing and managing these mobile marketing services for its customers. Snipp Interactive Inc. is headquartered in Washington, D.C. with international operations in Canada, Mexico and India.
Disclaimer for Forward-Looking Information
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect Snipp Interactive Inc.''s current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the closing of the Qualifying Transaction. Such statements and information reflect the current view of Snipp Interactive Inc. with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Forward-looking statements are made based on management''s beliefs, estimates and opinions on the date that statements are made and Snipp Interactive Inc. undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.
Snipp Interactive Inc. cautions that the foregoing list of material factors is not exhaustive. When relying on Snipp Interactive Inc.''s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Snipp Interactive Inc. has also assumed that material factors will not cause any forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
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