Logiq Reports Continued Progress with Major Corporate Initiatives, with Strong Outlook for 2023 on Track - Seite 2

Strategic M&A: Over the last several years, Logiq has pursued an aggressive strategic M&A program, with two acquisitions under DLQ which were accretive and have continued to scale. Battlebridge, for example, secured a major customer win late in 2022 that is contributing significantly to revenues, and with this driving a substantial margin expansion. The current industry environment continues to present accretive M&A opportunities that could contribute to significant revenue growth if completed. Given the ‘target-rich’ landscape, the company is evaluating several potential acquisitions that could create an exciting platform for customers, strategic partners and investors.

Park Place Payments: Business is solid, although the funding environment has been challenging and growth is dependent upon funding. The SPAC transaction is expected to bring better funding opportunities as well as jumpstart growth across the board. Park Place’s model is highly transferrable to emerging markets and there are several opportunities Logiq is exploring in SE Asia and two African nations. Additionally, there are two new product lines Logiq is planning to launch through Park Place’s nationwide sales force later this year, including a new SME loan program.

According to Logiq CEO, Brent Suen: “We continued to be in active discussions with M&A targets involved in Adtech, direct-to-consumer sales, specialized digital advertising, and performance marketing. All are generating revenue growth and are break even to profitable. Our goal with the acquisition of such targets are for Logiq to realize revenues well in excess of current levels.”

About Logiq
Logiq Inc. is a U.S.-based provider of e-commerce and digital customer acquisition solutions by simplifying digital advertising. It provides data-driven, end-to-end marketing through its results solution or providing software to access data by activating campaigns across multiple channels.

The company’s Digital Marketing business includes a holistic, self-serve ad tech platform. Its proprietary data-driven, AI-powered solutions allows brands and agencies to advertise across thousands of the world’s leading digital and connected TV publishers. For more information, visit www.logiq.com.

Important Cautions Reading Forward-Looking Statements
This press release contains certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the Safe Harbor created by those sections. This press release also contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation that relate to Logiq’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as “will likely result”, “are expected to”, “expects”, “will continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, “projection”, “strategy”, “objective” and “outlook”) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon.