Most Significant Contract in Company History
NEW YORK, NY / ACCESSWIRE / September 8, 2016 / PeerLogix, Inc. (the “Company”) (OTC Markets: LOGX), an advertising technology and data aggregation provider, today announced that it has signed a 12-month revenue sharing agreement with one of the leading marketing services providers in the digital advertising industry. Based on the Company’s internal operational model, PeerLogix expects to receive revenues in excess of $150,000 over the term of the contract, but no assurances are guaranteed.
The partnership enables PeerLogix digital advertising to be sold directly on the partner company’s platform and to their clientele, including major brands and Fortune 500 companies and features a minimum revenue commitment to PeerLogix to be paid on a monthly basis. Furthermore, because PeerLogix has amassed such a unique and proprietary dataset, the partnership provides a new capability for the partner company – the ability to advertise to a massive amount of previously unavailable households based on digital television, music and movie viewing and listening habits of the residents. According to Gartner, the partner company’s business relationships extend to the majority of major DSPs, ad exchanges, ad-servers and content management platforms in the $67 billion domestic digital advertising market.
William Gorfein, Co-founder and CEO of PeerLogix, stated, “We are extremely pleased to announce what we believe to be the first of many partnerships with prominent companies in our industry – further proof that PeerLogix, and the digital advertising solutions we offer, are capable of driving additional sales and further encourage engagement. We have amassed a huge and proprietary dataset that will enable our client to target and advertise directly to “Cord Cutters” who access filmed entertainment, music, software and television programming through non-traditional Peer-to-Peer Networks, and also represents nearly half of all Internet households in the U.S.”
PeerLogix is an advertising technology and data aggregation company providing a proprietary software as a service, or SAAS, platform which enables the tracking and cataloguing of over-the-top viewership and listenership in order to determine consumer trends and preferences based upon media consumption. PeerLogix’s patent pending platform collects over-the-top data, including IP addresses of the streaming and downloading parties (e.g., location), the name, media type (whether movie, television, documentary, music, e-books, software, etc.), and genre of media watched, listened or downloaded, and utilizes licensed and publicly available demographic and other databases to further filter the collected data to provide insights into consumer preferences to digital advertising firms, product and media companies, entertainment studios and others.
Forward Looking Statement
Certain of the statements contained in this herein include future expectations, contain projections of results of operations or financial condition or state other “forward-looking” information. The information contained in this includes some statements that are not purely historical and contain “forward-looking statements,” as defined by the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding the Company’s and its management’s expectations, hopes, beliefs, intentions or strategies regarding the future, including the Company’s financial condition and results of operations. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “may,” “should,” “could,” “will,” “plan,” “future,” “continue,” and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters identify forward-looking statements. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, the actual results could differ materially from the forward-looking statements contained in PeerLogix forward-looking statements.
Chief Executive Officer
SOURCE: PeerLogix, Inc.