Rewards Nexus Inc. (OTC Pink: ERNI) (PINKSHEETS: ERNI) announces their positive take on GrubHub Inc.'s recent IPO and the extensive opportunities it creates for their subsidiary company, Earn IQ Inc., and the online food ordering industry as a whole.
As exemplified by the success of Grubhub, this creates a great awareness of the industry among the investment community. GrubHub is Earn IQ's largest competitor, however, competing only on one side of their business. Earn IQ not only allows consumers to order food online from their favorite restaurants, but also offers a way for them to save money every time, on both online and in-store food orders, with their innovative loyalty platform.
Earn IQ will continue to heavily focus on developing customer loyalty and satisfaction by improving user experience and interface among their website and all mobile applications in the coming months.
Nikolaos Mangas, President of Rewards Nexus Inc. added: "Although many companies might fear GrubHub's IPO leap, I feel it actually validates our long-term investment. Being that our company is more focused on rewards, this can only boost our credibility as an online food ordering company and help us grow faster into other industries."
Niko Papavasilopoulos, Vice-President of Rewards Nexus stated: "GrubHub's IPO is a great opportunity for this industry, considering it paves the way for important and new trends. I believe it creates more space for other companies to step in and compete with the few industry leaders that are out there now."
About Rewards Nexus Inc.
Rewards Nexus offers U.S. retailers innovative loyalty solutions including rewards and gift card programs, along with emerging marketing strategies aimed at consumers. Rewards Nexus grows through acquisitions and cooperative agreements with companies that have high potential and capabilities of achieving sustainable growth, resulting in a rapidly acquiring market share. The Company builds key strategies for its subsidiaries while providing financing and operational business support.
About Earn IQ Inc.
Earn IQ Inc. is a B2B and B2C company offering a consumer loyalty platform coupled with marketing and advertising services for various industries. The company is currently running an innovative -- first of its kind -- rewards program in the US, serving restaurants in the New York area with combined services of online food ordering and in-store dining rewards. In addition, it provides consumers with unique opportunities to interact and engage with flexible online and mobile products.
Issued by Rewards Nexus Inc.
This document was produced by and the opinions expressed are those of Rewards Nexus Inc. as of the date of writing and are subject to change without obligation to update. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of Rewards Nexus Inc. to any person to buy or sell any security. Any reference to past performance is not a guide to future performance. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable, but Rewards Nexus Inc. does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.
This release may contain forward-looking statements, including, without limitation, statements containing the words "believes", "anticipates", "expects", "intends", "plans", "seeks", "estimates", "may", "will", "could", "stands to" and "continues", as well as similar expressions. Such forward-looking statements may involve known and unknown risks, uncertainties and other factors which might cause the actual results, financial condition, performance or achievements of Rewards Nexus Inc., or industry results, to be materially different from any historic or future results, financial conditions, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, the reader is advised not to place any undue reliance on such forward-looking statements. These forward-looking statements speak only as of the date of publication of this document. Rewards Nexus Inc. expressly disclaims any obligation to update any such forward-looking statements in this document to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based, unless required by law or regulation.
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Mrs. Vasiliki Anagnostou
Rewards Nexus Inc.
SOURCE: Rewards Nexus Inc.