Thanks to its patent-protected technology, INEO Tech Corp. (OTC: INEOF); (TSX: INEO) now appears well positioned for significant growth…and offers investors a rare chance at “recession-proof” gains
Breaking News:
5 Reasons Why INEO Tech Corp. (OTC: INEOF); (TSX: INEO) Appears Poised to Deliver High Upside for Investors in Any Kind of Market
Global retail media spending is projected to reach $101 billion this year, a 15% year-over-year increase from $88 billion in 2021. But that’s just the beginning: According to one industry expert, total global retail media spending will hit $160 billion by 2027, which represents a staggering 60% growth rate over five years.i ii
INEO Tech Corp. Combines Loss Prevention Technology with Revenue-Generating Advertising and Data Capture
INEO Tech Corp. (OTC: INEOF); (TSX: INEO) provides targeted digital advertising and customer analytics solutions integrated with theft protection systems.
The idea to combine digital advertising displays with the security tag readers seen at the front of most stores was one pioneered by INEO Tech Corp. Founder, Chairman and President Greg Watkin.
INEO Tech Corp. is the first and only company to combine the traditional security tag reader with a digital screen capable of displaying advertisements relative to your interests.
The company’s patented technology allows it to install digital advertising screens and data capture devices in a retail store’s most valuable real estate asset: its front entrance.
INEO helps retailers monetize their entrance by delivering predictive analytics and brand experience to enhance the store’s connection to its customers.
In truth, INEO’s Welcoming Network is reinventing retail loss prevention technology…increasing its effectiveness and allowing for revenue generation as a data capture and digital signage platform.
Loss Prevention
The retail loss prevention industry is a $9 billion-a-year industry…but until just recently it was an industry that was essentially an “expense-only” proposition for retailers.
INEO Tech Corp. has changed all of that – and in a huge way – by now offering loss prevention technology combined with revenue-generating advertising and data capture opportunities.
But when it comes the loss prevention component of INEO Tech Corp.’s Welcoming Network…the company is also offering a proprietary technology that is superior to the current industry standard.
The company’s video capture technology now captures 10 seconds of video on each side of security events and streams video to cloud storage for one-click viewing and analysis.
In addition, video can be downloaded and shared in real time with a corporate loss prevention team and law enforcement, as well as real-time system health monitoring.
And as the system is compatible with retailers’ existing security tags and labels, deployment is fast and easy for each store.
Data Capture
Brands are now able to leverage the power of INEO’s technology and predictive data analytics to deliver impactful advertising to customers entering the store.
By utililzing INEO’s patented technology, these brands gain the ability to deliver their message when it matters most…and to whom it matters most.
INEO can generate data via location including gender, age, CSAT Score and local weather to allow for advanced data analysis and message targeting.
Digital Signage
INEO Welcoming Systems provide brands and retailers with the ability to deliver high-impact messaging and advertising to customers at the entrance of retail locations.
This comes in the form of a brand-positive image that appears as the first thing a customer sees upon entering a store.
INEO believes that a store’s entrance is its portal to the world, the invaluable piece of retail real estate which connects a store to its customers.
INEO helps retailers monetize their entrance by delivering predictive analytics and brand experience to enhance the store’s connection to its customers.
Not only will these digital displays be showing interactive advertisements and messages to shoppers as they enter retail stores–these displays will also become part of an Ad Inventory Network where advertisers and brands can pay to have their Ads shown…
Instead of walking past a pair of boring tag readers, INEO Tech Corp’s invention would now make it possible to have fully interactive and dynamic ads being displayed right in front of shoppers as they enter and leave the store.
Massive Growth Potential Offers High Upside Opportunity for Investors with INEO Tech Corp. (OTC: INEOF); (TSX: INEO)
The potential growth story for INEO Tech Corp. is one that should be considered on multiple levels.
First, of course, is the opportunity that exists for deployment of INEO Tech. Corp. technology in retail locations throughout North America, Europe and Latin America.
There are thousands upon thousands of retail storefronts in the US alone that could potentially be lining up to get their hands on these systems from INEO Tech.
Each store typically has multiple loss prevention systems – and represents the opportunity to deploy several INEO Welcoming Systems at each store – with each INEO Welcoming System representing hundreds of dollars per month per store in recurring revenue.
All totaled, in North America alone, there are 528,000 retail locations – and 2.38 million individual loss prevention pedestal scanners in the company’s seven target retail vertical markets.
As news of INEO Tech Corp.’s superior loss prevention technology and revenue-generating digital signage begins to spread, this represents tremendous opportunity.
Key Partnership Offers Additional Growth Potential
In addition, INEO Tech Corp. has secured a global distribution partnership with Prosegur, a multi-billion-dollar security company headquartered in Madrid, Spain.
Prosegur EAS, a wholly-owned subsidiary of Prosegur, will manufacture, distribute and install INEO’s Digital Advertising and Theft Detection solution dubbed “The Welcoming System” under their own brand, “Prosegur EVO”.
Prosegur, operates globally and has established relationships with some of the largest retailers in the world.
INEO’s partnership with Prosegur is a significant validation of the company’s technology and could potentially position them for substantial growth in the future.
This partnership offers INEO Tech Corp. a scalable software as a service (SaaS)-based advertising and analytics model that can be rolled out rapidly.
How quickly is INEO Tech Corp. moving to take advantage of this growth opportunity?
First… INEO Tech Corp. (OTC: INEOF); (TSX: INEO) has created an advertising-based independent liquor store network with over 140 locations in Western Canada.
This network represents over 2.4 million visitors per month and 21 million advertisement slots per month, with an average of 10 seconds per ad slot.
Second…INEO’s direct sales efforts have already resulted in the company expanding its footprint with large U.S. retailers and leading Canadian retailers, which combined represent over 1,500 store locations. These locations include major drugstores, department stores, office supply stores, agricultural supply stores and more.
And third…INEO’s sales efforts with distribution partner Prosegur has resulted in commitments for pilot store installations with several large retailers representing over 8,000 store locations across the United States.
The company’s initial public offering took place in 2020 and the Company quickly signed up 140 liquor stores to prove out the technology and business model. Pilots at major retailers followed and INEO’s first major contract was signed early in 2022. With success at only a few of the pilot retail locations where the company has existing partnerships, a snowball effect could soon take place that triggers a fast-moving growth scenario for the company.
Not to mention the tremendous value of the company’s ability to help advertisers deliver highly targeted retail advertising.
According to industry experts, global retail media spending will likely reach $101 billion this year, a 15% YoY increase from $88 billion in 2021. And the total global retail media spend will hit $160 billion by 2027, which represents a 60% growth rate over five years.
What makes this potential growth even more impressive for INEO Tech Corp. (OTC: INEOF); (TSX: INEO) is that many of its retail partners – and potential advertisers – are in industries that are typically considered immune from recession.
No matter if the equity markets are up or down, consumers still need to shop for groceries…they still need to visit their pharmacy…and they still need supplies from their local home improvement store.
INEO Tech Corp. (OTC: INEOF); (TSX: INEO) offers investors one of the rare opportunities in today’s market to potentially thrive even in the face of continued volatility.
Breaking News
On October 25, INEO Tech Corp. announced that it had achieved a 67% increase in year-over-year revenue and a 74% increase in gross profit for fiscal 2022 ended June 30, 2022.
Greg Watkin, Chairman and Founder of INEO, said “The past year has been transformational for INEO… INEO’s total sales pipeline now exceeds $40 million in annual recurring revenue, providing the Company with significant growth potential in the coming quarters and years.”
INEO Tech. Corp. (OTC: INEOF); (TSX: INEO) is Led By a Visionary Team of Entrepreneurs and Seasoned Retail Executives
One of the most important keys to success for any tech company is the strength of its management team.
In the case of INEO Tech Corp., the company is in great hands thanks to its visionary founder and its highly qualified team of proven leaders. This team includes…
Greg Watkin – Founder, Chairman and President
Mr. Watkin was formerly COO, CTO and CMO of Epic Data, previously a TSX listed company. In addition, Mr. Watkin was previously President of CSRS registry services technology, which was sold to Davis+Henderson, where he grew the business from $90 million to $107 million revenues in two years.
Kyle Hall – Chief Executive Officer
Mr. Hall was previously CEO of PNI Media, a TSX listed company sold to STAPLES whose SaaS based customers included Walmart, Costco, Tesco, CVS, Walgreens, Rite Aid. Mr. Hall was also VP and GM of PNI Media division at STAPLES for two years post sale.
Steve Maytas – Board Director
Mr. Maytas was former CEO of STAPLES Retail, President of STAPLES Canada and President of the Retail Council of Canada.
Serge Gattesco – Board Director
Mr. Gattesco is a former National Managing Partner at PwC Canada for Strategy and Operations, Audit and Assurance.
Dave Jaworski – Board Director
Mr. Jaworski was a Principal Program Manager for Microsoft Teams and the first-ever recipient of Bill Gates’ Chairman Award of Excellence.
5 Reasons Why INEO Tech Corp. (OTC: INEOF); (TSX: INEO) Appears Poised to Deliver High Upside for Investors in Any Kind of Market
Resources
[i] https://www.forbes.com/sites/kirimasters/2022/10/07/retail-media-is-now-11-of-total-ad-spend-here-
are-5-factors-driving-that-figure/?sh=6582fec770e9
[ii] https://www.adexchanger.com/ecommerce-2/ecommerce-has-slowed-but-retail-media-is-outpacing-
digital-advertising/#:~:text=Global%20retail%20media%20spend%20will,
over%20five%20years%2C%20GroupM%20predicts.
[iii] https://www.forbes.com/sites/kirimasters/2022/10/07/retail-media-is-now-11-of-total-ad-spend-here-are-5-factors-
driving-that-figure/?sh=6582fec770e9
[iv] https://www.forbes.com/sites/kirimasters/2022/10/07/retail-media-is-now-11-of-total-ad-spend-here-are-5-factors-
driving-that-figure/?sh=6582fec770e9
[v] https://www.adexchanger.com/ecommerce-2/
ecommerce-has-slowed-but-retail-media-is-outpacing-digital-advertising/#:~:
text=Global%20retail%20media%20spend%20will,
over%20five%20years%2C%20GroupM%20predicts.
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