Snipp Interactive Provides Corporate Update

VANCOUVER, BC / ACCESSWIRE / October 25, 2023 / Snipp Interactive Inc. (TSX-V:SPN)(OTC PINK:SNIPF) (the "Corporation" or "Snipp"), a Platform-as-a-Service (PaaS) company in the global loyalty and promotions sector, provides corporate update.

Bookings backlog at the end of Q3 2023 is expected to be over $11 million and showed strength from all aspects of our business products.

Cash at the end of Q3 2023 was $4M and the Company continues to be debt free. The Company has the cash and liquidity to execute on its business plan.

SnippMedia is expected to launch by the end of the year. Brand funded rewards utilizing first party data can bring a higher level of engagement, in addition to opening new shopper marketing and promotions channels. The Company views this business line as an engine of future growth and customer revenue capture.

Atul Sabharwal, Founder of Snipp, added "We continue to make progress on the filing of the Corporation's audited annual financial statements for the year ended December 31, 2022, and are moving towards audit completion that is expected to be in the middle of November. We are excited about the growth prospects for our core business, Gambit, and SnippMedia, and look forward to communicating our progress in detail following the conclusion of the audit.

About Snipp

Snipp Interactive Inc (TSX-V:SPN)(OTC PINK:SNIPF) is a Platform-as-a-Service (PaaS) company in the global loyalty and promotions sector. Snipp's proprietary and modular SnippCARE (Customer Acquisition, Retention & Engagement) Platform allows its marquee list of Fortune 1000 Clients and world-class agencies and partners to use various modules of the Platform to run long-term and short-term programs and promotions, while continually generating and capturing unique zero party data that is invaluable in providing insights to drive sales. SnippCHECK, the Platform's Receipt Processing Module has established itself as the clear industry leader and standard by powering a large majority of all receipt-based promotions in North America. SnippLOYALTY, the Platform's full scale modular loyalty engine allows clients the flexibility of deploying any/all aspects of a standard loyalty program on a case-by-case basis. SnippREWARDS, the Platform's modular catalogue of digital and physical rewards provides Clients with global and easily deployable access to an extensive catalogue of digital and physical rewards. SnippWIN, the Platform's gaming module solves for the implementation and compliance difficulties of offering games of chance and skill on a global basis and allows for the global deployment and administration of legally compliant games of chance and skill. For more information, visit the Company's website at www.snipp.com.