Datable Technology (TSXV: DAC) (OTCQB: TTMZF) provided investors with an update this morning on the company’s plans to enter the eSports space through their deal with uBUCK Technologies. uBUCK is a wholly-owned subsidiary of LiteLink Technologies (CSE: LLT) (OTC: LLNKF). The 2 up and coming technology companies plan to enter into a mutually beneficial strategic relationship to create a new eSports loyalty and rewards platform. The deal with uBuck once fully implemented will provide Datable with an additional source of revenue.
Datable and uBUCK will work together in order to create a digital payments and loyalty solution for the burgeoning eSports industry. The eSports market is expected to reach $1 billion in annual revenue this year with that number set to increase year over year. The companies will do this by integrating uBucks’ Streambucks digital payments solution with Datable’s digital rewards and loyalty platform, PLATFORM³. PLATFORM³ has been battle tested by many of the largest brands in the world. These leading brands include Monster Energy, Kroger, Jack Link’s, Snickers, 7up, Dr. Pepper, Doritos, Huggies, Rubbermaid, Toro, Molson Coors, Unilever and 20th Century Fox.
Datable also recently announced its big plans to launch a first of its kind shareholder loyalty & rewards platform. Datable’s flexxiNVEST is an investor rewards & loyalty portal designed to encourage investors to engage and interact with public companies. Investors can register to become members of flexxiNVEST to earn rewards for consuming content published by public companies. flexxiNVEST will initially target the cannabis sector as the industry is clearly thriving and the investor relations budgets are very robust.
Datable and uBUCK will enter into a revenue sharing agreement for all revenue generated by the eSports loyalty and rewards platform. Examples of these revenues include transaction revenues and advertising revenues from Datable’s corporate customers. The companies expect to finalize their deal in the near future and integrate their technologies immediately.
“We are very excited to integrate Streambucks with Datable’s PLATFORM³ to offer rewards to gamers and fans across the eSports industry, which is rapidly growing into a mainstream source of entertainment rivaling movies and professional sports,” said uBUCK CEO James Youn. “Datable has continued to sign-up well-known brands and proven itself as the #1 rewards program on the market. We look forward to being part of their cash card offering and gaining new client referrals through our partnership.”
“Our customers are leading consumer brands that are keen to get exposure to the eSports demographic. uBUCK’s Streambucks payment solution and their relationship with Enthusiast Gaming makes them a great partner for the eSports sector,” said Kim Oishi, Executive Chairman of Datable. “We look forward to working with uBuck to integrate PLATFORM³, which has been proven to be scalable and secure by our numerous loyalty and rewards implementations with leading consumer brands.”
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The plan is to integrate PLATFORM³ into uBUCK’s digital payments platform and allow account holders of uBUCK Pay to make online payments and send worldwide payment transfers within seconds without paying for transfer fees as well as earn rewards for purchases and payments made within the uBUCK Pay digital wallet or on their uBUCK Mastercard. Both companies will share transaction fee revenue from the convenience fees charged for uBUCK pin vouchers and debit card transactions.
The 2 companies have an LOI (dated May 5, 2019) in place while they finish negotiating the final terms of their deal. Some additional key terms to their planned deal include:
- uBUCK prepaid credit card as a reward for consumers to purchase with their points on Datable’s client’s portals.
- Datable’s data management platform will have access to non-identifiable user purchase history data to provide uBUCK Pay users with offers from leading consumer goods companies.
- These leading consumer goods companies are Datable customers that use PLATFORM³ to reward consumers for purchasing, viewing content, sharing content via social media, referring friends and completing surveys.
Read more recent Datable news & articles here.
About Datable Technology Corp:
Datable Technology (TSXV: DAC) (OTCQB: TTMZF) has developed a proprietary, mobile-based consumer marketing platform – PLATFORM³ – that is sold to global Consumer Packaged Goods (CPG) companies and consumer brands. PLATFORM³ is delivered as a subscription service (Software as a Service model) and used by CPG companies to engage consumers, reward purchases and collect valuable consumer data. PLATFORM³ incorporates Artificial Intelligence and Machine Learning to monetize the consumer data, including demographics and purchasing behaviour, by sending consumers targeted offers by email and text messages. For more information, visit datablecorp.com.
For further information: Datable Technology Corp., Kim Oishi, Executive Chairman, 416-804-9228, koishi@grandrockcapital.com
About uBUCK Technologies:
Based in Georgetown, Cayman Islands, uBUCK Tech is a financial tech enterprise that specializes in decentralized digital payments and wallets. uBUCK Pay, its online payments platform and pin voucher solution, offers consumers, businesses and merchants a fast, commission-free and highly secure alternative to traditional payments. Customers can purchase pin vouchers within the uBUCK Pay app or at participating resellers. For details about uBUCK Pay, please visit uBUCKpay.com.
About LiteLink Technologies:
LiteLink is a major player in developing world-class enterprise platforms that utilize artificial intelligence, blockchain, and predictive analytics to solve fragmented and outdated technology problems in the logistics and digital payment industries. Our flagship 1SHIFT logistics platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time. uBUCK Pay is a multi-currency digital wallet that supports traditional fiat and digital currencies. Consumers are able to make online and offline purchases using the uBUCK debit card and send funds worldwide for free. For more information about LiteLink Technologies Inc., please visit litelinktech.com. If you would like to know more about the 1SHIFT logistics platform, please visit 1shiftlogistics.com.
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