Rewards Nexus Inc. (OTC Pink: ERNI) (PINKSHEETS: ERNI) announced today that it has entered into a non-binding letter of intent (LOI) with Hotdeal Asia Limited (HotDeal) which outlines the general terms and conditions pursuant to which Rewards Nexus and HotDeal will negotiate the forming of a Joint Venture for combining business operations.
HotDeal is a Hong Kong based company which was created to provide restaurants with an innovative platform, which will communicate and publish real-time and instant offers to nearby consumers.
Hong Kong has a predominantly service-based economy, and restaurant businesses serve as a main economic contributor. With the third, most dense population per square meter in the world and a population of 7 million, Hong Kong is host to an intense restaurant industry competition. Due to its small geographical size, Hong Kong contains a high number of restaurants per unit area.
"Hong Kong is a world city. It is one of the largest cities in Asia with over 40,000 restaurants. A potential partnership with HotDeal will develop and grow our business across Asia. In the future, there will be more detailed information about our partnership to be announced. We are hopeful that a final agreement can be reached, and look forward to working with HotDeal in the future," said Nikolaos Mangas, President and Treasurer of Rewards Nexus Inc."
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.
For further information in this release please contact
Mrs. Vasiliki Anagnostou
Rewards Nexus Inc.
SOURCE: Rewards Nexus Inc.