NEW YORK, Dec. 31, 2015 -- OTC Markets Group Inc., operator of Open, Transparent and Connected financial markets, today announced Snipp Interactive Inc. (or "Snipp") (TSX-V: SPN; OTCQX: SNIPF), an international provider of marketing promotions, rebates and loyalty solutions, has qualified to trade on the OTCQX® Best Market.
Snipp begins trading today on OTCQX under the symbol "SNIPF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on otcmarkets.com.
"Snipp's innovative incentive marketing technology platform is helping drive customer engagement and loyalty programs for many of the world's leading Fortune 500 brands and agencies," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "We are proud to welcome this fast-growing, technology-centric company to the OTCQX market and look forward to helping it evolve and thrive."
"This is a very exciting time in our company's history," commented Snipp CEO Atul Sabharwal. "Over the past year we have seen revenues rise by over 400% with an increasing roster of new and repeat clients in North America and Europe and an expanding suite of platform-based products and solutions. We are confident that trading on OTCQX will further increase Snipp's profile with private and institutional investors in the United States, and allow us to access higher levels of capital investment to fuel our growth."
McMillan LLP serves as Snipp's Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements.
Snipp's incentive marketing technology platform enables brands and retailers to drive customer engagement and purchase. It has a comprehensive suite of solutions including receipt processing, loyalty, rebates, contests & promotions, rewards, mobile messaging, data analytics and more. SnippCheck, Snipp's unique receipt processing engine is now the market leader for receipt-based purchase validation, having powered several hundred programs for leading Fortune 500 brands and world-class agencies and partners. Ninety-nine percent (99%) of all households in the United States have been exposed to Snipp's programs.
Snipp is headquartered in Bethesda, Maryland, with offices across the United States, Canada, Ireland, the Middle East and India. It is a publicly listed company and was selected to the TSX Venture 50® for 2015, a collection of the strongest companies on the TSX Venture Exchange.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial markets for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into markets to inform investors of opportunities and risks: the OTCQX® Best Market; the OTCQB® Venture Market; and the OTC Pink® Open Market. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors.
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