Railtown AI Announces European Marketing Agreement
Rhea-AI Summary
Railtown AI Technologies (CSE: RAIL) (OTCQB: RLAIF) has signed a marketing agreement with MIC Marketing Information & Content Publishing GmbH for European market coverage. The 6-month contract, starting December 1st, 2024, is valued at €250,000. MIC will manage online marketing campaigns, including AdWords optimization and landing page development. The promotional activities will be conducted through email, Facebook, and Google across Europe. The company's CEO, Cory Brandolini, emphasized that following their SOC 2 certification, this initiative aims to enhance brand awareness in the European market.
Positive
- Expansion into European market through dedicated marketing campaign
- Successfully completed SOC 2 certification
Negative
- Significant marketing expense of €250,000 impacting cash flow
News Market Reaction
On the day this news was published, RLAIF gained 9.12%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - November 25, 2024) - Railtown AI Technologies Inc. (CSE: RAIL) (OTCQB: RLAIF) ("Railtown AI'', "Railtown" or the "Company") is pleased to announce that it has engaged MIC Marketing Information & Content Publishing GmbH ("MIC") to provide marketing services in Europe for a duration of 6 months, commencing December 1st, 2024 (the "MIC Agreement").
Under the terms of the MIC Agreement, the Company will compensate MIC €250,000 during the Term. MIC will, as appropriate, provide project management and consulting for an online marketing campaign, coordinate marketing actions, maintain and optimize AdWords campaigns, adapt AdWords bidding strategies, optimize AdWords ads and create and optimize landing pages (the "Marketing Services"). The promotional activity will occur in Europe by email, Facebook, and Google.
Cory Brandolini, Railtown CEO, states: "With SOC 2 certification behind us, now is the time for us to really step up brand awareness and we're excited to work with MIC in Europe."
About Railtown AI Technologies
Railtown AI, a Microsoft Partner, has developed a cloud-based Application General Intelligence™ Platform called Conductor. Artificial intelligence and automation that performs tasks as well as streamlining, enhancing, and accelerating Developer Productivity Engineering (DPE) through Speed, Quality, Automation and Best Practices which are the cornerstones and foundation of the Conductor platform.
We purposely built the Conductor platform to help Software Companies and Software Developers save time on redundant tasks, improve productivity, drive down costs, and accelerate developer velocity. Railtown's proprietary AI technology, designed to enable our clients to be more productive and profitable, is accessible on Microsoft's Azure Marketplace.
Follow us on social media:
- Twitter: https://twitter.com/railtown_ai
- LinkedIn: https://www.linkedin.com/company/railtown-ai/
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ON BEHALF OF THE BOARD
"Cory Brandolini"
Cory Brandolini, Chief Executive Officer
INVESTOR CONTACT
Rebecca Kerswell
Investor Relations
Email : investors@railtown.ai
Phone : 1-604-417-4440
This news release contains forward-looking statements relating to the future operations of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will," "may", "should", "intends", "anticipates", "expects" and similar expressions. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the future plans and objectives of the Company, the commencement of trading of the Company's common shares on the CSE, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are risks detailed from time to time in the filings made by the Company with securities regulators.
Readers are cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, the Company cannot guarantee that any forward-looking statement will materialize, and readers should not place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will only update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/231323
FAQ
What is the value of Railtown AI's (RLAIF) European marketing agreement with MIC?
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