Loop Insights Enters UK Market With Pilot Agreement For Leading UK Pharmacy Solutions Provider, Servicing 12,000 Pharmacies Across United Kingdom - Seite 2

In addition, when the Company’s automated marketing "Engage" service and wallet pass loyalty applications are layered in, these numbers quickly multiply by 5-10x and provide the company with an even more significant potential revenue stream.

Loop Insights CEO Rob Anson stated, “Signing this Pilot with Pharmassist in the very early days of 2021 serves as a strong indication of Loop’s anticipated penetration into the UK and European markets. Coupled with our recently announced LOI to acquire Passcreator and take control of our technology in anticipation of major business developments in 2021, I can unequivocally say that Loop is heading into a major growth phase as promised in our letter to shareholders at the end of 2020.”

PILOT AGREEMENT STEMS FROM PARTNERSHIP WITH UK LEADER SG-RETAIL

On October 13, 2020, Loop announced the signing of a referral agreement with leading UK-based SG-retail to expand Loop's services and products into the UK and Europe. SG-retail, led by retail industry veteran Steve Gray, is assisting Loop with its efforts to establish a strong presence in Europe.

Steve Gray is a CPG (Consumer Packaged Goods) expert and globally recognized leading innovator in customer loyalty, CRM data analytics, and personalization in the retail sector. SG-retail has worked with many of the world's leading retailers and consumer brands to support their customer engagement initiatives by partnering with leading-edge technology partners like Loop Insights.

SG-retail is introducing and reselling Loop's services to clients that include many of the world's leading brands such as P&G, PepsiCo, British Airways/Avios, Sky, Virgin Megastores, Tesco, Kroger, and British Gas to name just a few.

Today’s announcement represents the first deal through SG-retail and demonstrates the efficacy of the Company’s artificial intelligence-driven marketing solution to the brick and mortar space.

Steve Gray, Managing Director of SG-retail, states, "Rob and his team have built the type of innovative solution that our retail and brand clients across Europe have been desperately searching for. Given the level of discussions we have been having with clients who see and understand the power of Loop, I am confident that today’s Pilot with Pharmassist will be the first of many successes across the UK and Europe, where Loop is well-positioned to gain a substantial market share in 2021.”