RIWI Secures $1.3 Million CAD in New Revenues for 12 Months, with Potential for Additional $1.37 Million in Subsequent Year
Rhea-AI Summary
RIWI Corp (TSXV: RIWI) (OTC Pink: RWCRF) has secured a new agreement with an international research organization for data analytics services. The contract is valued at $1.29 million CAD for the first 12 months, with an optional second year that could bring total new revenues to $2.65 million CAD plus applicable taxes. This agreement extends a previously announced contract from November 3, 2023. A Company Director will receive a 5% commission for their role in securing and developing this client relationship.
Positive
- Secured new contract worth $1.29 million CAD for first 12 months
- Potential additional revenue of $1.37 million CAD in second year
- Extension of existing client relationship indicating customer satisfaction
Negative
- 5% commission payment to Director reduces net revenue from contract
Toronto, Ontario--(Newsfile Corp. - November 4, 2024) - RIWI Corp. (TSXV: RIWI) (OTC Pink: RWCRF) (the "Company" or "RIWI"), a market research platform, global trend-tracking and prediction technology firm, is pleased to announce that it has signed an agreement to provide data analytics for an international research organization. This new agreement extends the contract announced on November 3, 2023, demonstrating the continued trust and growing partnership between RIWI and its client.
The value announced today to RIWI is
"We are thrilled to continue and expand our partnership with this international research organization," said Greg Wong, RIWI's Chief Executive Officer.
"These new revenues not only reflect our ongoing commitment to delivering innovative data solutions but also demonstrate our ability to adapt and grow with our clients' needs. The extended agreement underscores the strength of our relationship and the value we bring to our partners."
"We look forward to leveraging our expertise and data streams to continue delivering high-quality, actionable insights for our client on a continuous basis," Mr. Wong added.
A Director of the Company will receive a commission of
About RIWI
RIWI is a market research platform and global trend-tracking and prediction technology firm. On a monthly or annual subscription basis, RIWI offers its clients tracking surveys, continuous risk monitoring, predictive analytics and ad effectiveness tests in all countries. https://riwi.com
RIWI CORP.
Signed: "Greg Wong"
Greg Wong, Chief Executive Officer
For more information, please contact investors@riwi.com or call 1-833-FOR-RIWI (367-7494).
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTION REGARDING FORWARD-LOOKING INFORMATION:
Information and statements contained in this news release that are not historical facts are "forward-looking information" within the meaning of Canadian securities legislation that involves risks and uncertainties. Forward-looking information included herein is made as of the date of this news release and RIWI does not intend, and does not assume any obligation, to update forward-looking information unless required by applicable securities laws. Forward-looking information relates to future events or future performance and reflects management of the Company's expectations or beliefs regarding future events. This forward-looking information is based, in part, on assumptions and factors that may change or prove to be incorrect, thus causing actual results, performance or achievements to be materially different from those expressed or implied by forward-looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228724
FAQ
What is the total value of RIWI's (RWCRF) new contract announced in November 2024?
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When was RIWI's (RWCRF) previous contract with this client announced?
