HARRISONBURG, Va., July 16, 2018 (GLOBE NEWSWIRE) -- FanLogic Interactive Inc. (TSXV:FLGC) (OTCQB:FNNGF) (“FanLogic”) is pleased to announce the launch of FanLogic.email and the signing of an exclusive worldwide Software License Agreement (renewable on 5 years) (“Software License”) with a private US based LLC. (“Licensor”). The Software License enables FanLogic.email to sell branded email domains to sports teams, clubs and universities worldwide. FanLogic.email represents a significant opportunity to create recurring revenues and further enhances FanLogic’s rewards and loyalty offering.
The FanLogic.email product
FanLogic.email enables sports teams, clubs and universities to offer their fans an email at their themed domain and represents a significant commercial revenue opportunity for the team, club or university and a simple way of monetizing fan bases. Example: johnsmith@roughcats.com
Branded emails allow fans to show support and loyalty to their team, club or school. FanLogic.email gives our customers the power to identify their fans and followers. It also gives the ability to provide opt in opportunities for advertising and marketing with discounts to email holders for merchandise, in stadium purchases, 3rd party sponsor products, season ticket offerings and donor programs, while better understanding their fans. For every one of the millions of fans worldwide who love their team, club or university a branded email lets the world know who they support.
FanLogic.email intends to commence signing new branded email customers in Q3 this year. Fans can now visit the FanLogic.email site and sign up to be alerted when their favorite sports organization, club or university is available.
FanLogic’s CEO, Randy Brownell commented: “The launch of FanLogic.email is a very exciting addition to the FanLogic rewards and loyalty offering. Branded email represents an untapped revenue opportunity for our customers as well as a great addition to their marketing strategies and a perfect way of identifying and understanding their fans and their interests. FanLogic.email is an amazing opportunity for FanLogic to create a powerful recurring revenue stream from new customers worldwide”.
About Licensor and the Software License
Pursuant to the Software License, FanLogic has been granted an exclusive license, renewable at five years, to utilize Licensor’s proprietary software (“Software”). FanLogic and Licensor have agreed to a joint revenue sharing agreement for all license fees charged by FanLogic, in consideration for which Licensor has agreed to supply and maintain the Software and also provide customer service for email setup and support and appropriate hosting services.
FanLogic is driving the evolution in brand awareness and consumer loyalty utilizing Data Analytics, Gamification and social influencer marketing. FanLogic is a brand referral platform used to drive leads and increase brand engagement. FanLogic’s digital lead and sales generation success is driven through its proprietary peer to peer referral based contests, loyalty programs and incentives, coupons, sweepstakes, charitable initiatives, branded games, 50/50 lotteries and charity draws, social daily fantasy sports and entertainment contests and FanLogic.email branded email offering.
For more information about FanLogic.email, visit www.fanlogic.email or contact Randy Brownell, CEO, rbrownell@fanlogic.com or 888-330-0759.
Reader Advisory
Certain information set forth in this news release contains forward-looking statements or information (“forward-looking statements”), including details about the business of the Corporation and the use of proceeds from the Offering. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Corporation's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, operational risks, competition from other industry participants, stock market volatility, and the ability to access sufficient capital from internal and external sources. Although the Corporation believes that the expectations in its forward-looking statements are reasonable, its forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. Accordingly, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. Risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in our public disclosure documents available at www.sedar.com. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, the Corporation does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.