Breaking News: Snipp Grows Q4 2020 Bookings 145% YOY To USD $4.88mm. Largest Quarterly Bookings in Snipp’s History | Breaking News: Snipp Grows Q4 2020 Bookings 145% YOY To USD $4.88mm. Largest Quarterly Bookings in Snipp's HistoryFinancial Buzz

Breaking News: Snipp Grows Q4 2020 Bookings 145% YOY To USD $4.88mm. Largest Quarterly Bookings in Snipp’s History

Snipp Interactive Inc. (OTC: SNIPF) (TSX-V: SPN), a global provider of digital marketing promotions, rebates, and loyalty solutions, is pleased to announce that it achieved US$4.88MM in sales bookings in the recently concluded 4th Quarter of 2020, the largest quarterly bookings in the Company’s history. In terms of annual bookings, 2020 was also a year for the record books at Snipp in other noteworthy categories such as new geographies and industry verticals. The Company grew annual bookings by 23.8% when compared to the previous year. Fourth quarter bookings grew 145% over the same quarter in the previous year.

Bookings were made across 80+ unique clients for 200+ standalone programs across 20 diverse industries such as Baby Products, Personal Care, Food & Beverage, Alcohol & Spirits and Pharma to name a few. In addition, 2020 also marked Snipp’s foray into a number of new geographic markets and industries with bookings across US, Canada, Europe and Asia (for the first time). The breadth of clients, programs and industries leveraging Snipp’s suite of technology solutions reflect the diversity of the Company’s revenue streams. Further this multi-product revenue model that includes not only Platform/Software as a Service (PAAS/SAAS) revenue but also performance-based revenue streams, give the company the ability to grow its layered revenue model through multiple pathways.

While the figures mentioned above reflect the total revenues booked, please note that the projects are spread across multiple time periods and the timing of the revenues will be recognized per Snipp’s established revenue recognition policies.

“We are thrilled to have achieved a record-breaking quarter of sales bookings during a year in which our momentum built in each successive quarter despite the impact of COVID-19. Despite having a significant number of bookings cancelled and/or postponed due to the pandemic, I am very proud that our team stayed focused and executed on our strategy, leading to one of the largest growth periods in our annual bookings as well as record bookings for the fourth quarter,” said Atul Sabharwal, Chief Executive Officer at Snipp. “In addition, I am particularly proud of the work we did on adding innovate features to our platform through the year. Highlights include enabling unique cryptocurrency incentives based on Bitcoin gift cards, deep integrations with leading fin-tech companies that have allowed us to do cash back programs globally and adding global language capability to our market-leading SnippCheck transaction processing engine. These innovations have allowed us to launch our platform globally and have also given us a foothold in new industries such as our recently announced deal with a leading research company that is deploying SnippRewards, our incentive platform across 35+ countries. We look forward to sharing our fourth quarter financial performance and full year audited financials in the coming weeks. I would personally like to thank all our valued customers, partners and investors for their support and look forward to their continued support as we enter 2021 with an even greater commitment to responsibly grow Snipp.”

More information about our platform can be found at https://www.snipp.com/

About Snipp:

Snipp is a global loyalty and promotions company with a singular focus: to develop disruptive engagement platforms that generate insights and drive sales. Our solutions include shopper marketing promotions, loyalty, rewards, rebates and data analytics, all of which are seamlessly integrated to provide a one-stop marketing technology platform. We also provide the services and expertise to design, execute and promote client programs. SnippCheck, our receipt processing engine, is the market leader for receipt-based purchase validation; SnippLoyalty is the only unified loyalty solution in the market for CPG brands. Snipp has powered hundreds of programs for Fortune 1000 brands and world-class agencies and partners.

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    Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the ‘Site’) is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. FinancialBuzz.com has not been compensated directly by any of the companies mentioned here in this editorial unless mentioned otherwise. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For snipp interactive inc. video production, filming editing, news reporting, financial and corporate news dissemination, FinancialBuzz.com expects to be compensated five thousand dollars by the company. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.financialbuzz.com.