Q&A with Jonathan Hoyles, CEO of Perk Labs Inc.

On the Present & Future of Mobile Commerce, Perk Hero App Evolution, Near-Term Catalysts and Big Picture Thinking

Dear Reader,

The mobile payments and eCommerce industries are in full bloom and the trend is here to stay.

What makes Perk Labs (CSE: PERK) stand out and why is now a good time to be looking at the Company?

Find out in our Q&A with Perk’s CEO Jonathan Hoyles.

Click here or the image below.

QA-with-Perk-Labs-Final

 Kind Regards,

Cathy Hume, CEO
CHF Capital Markets

 

Perk Labs’ Portfolio Company Euro Asia Pay Completes IPO – Perk holds 8.5M shares of Euro Asia Pay in its portfolio

Vancouver, Canada / February 25, 2021 / Perk Labs Inc. (CSE: PERK / OTCQB: PKLBF / FKT: PKLB) (“Perk” or the “Company”), the parent company of Perk Hero, the mobile commerce platform with exclusive perks on curated lifestyle products and digital gift cards, is pleased to announce that Euro Asia Pay Holdings Inc. (“Euro Asia Pay”) completed its initial public offering of shares at a price to the public of $0.25 per share.

Perk Labs owns 8,500,000 shares in Euro Asia Pay which it received as part of a licensing agreement dated October 14, 2017, as amended on September 30, 2018. In 2018, the Company shared an office space with the Euro Asia Pay team.

“We congratulate the Euro Asia Pay team on achieving this significant milestone and wish them great success as a public company,” says Perk Labs’ CEO Jonathan Hoyles. “As an investor, we are very happy to see our shares in Euro Asia Pay become publicly-listed securities as it adds strength to the Perk balance sheet.”

About Euro Asia Pay

Euro Asia Pay is in the business of developing innovative payment solutions for the international student market. Its first product, a SideKick™ branded mobile payment solution, will enable parents to transfer, control and monitor payments to their children in a simple, intuitive manner. The product includes a student-facing mobile application, a prepaid student payment card and a parent portal, together with basic security features such as geo-located transaction notifications. The payment card is scheduled to be subject to parental controls in the coming months, and other leading-edge security features including concierge services and anytime emergency support are currently in development.

About Perk Labs Inc.

Perk Labs Inc. is the owner of Perk Hero, the mobile commerce platform with exclusive perks on e-gift cards and curated lifestyle products. The Perk Hero platform was engineered for reliability and scale using enterprise-level technology made available to businesses of all sizes. Perk Hero provides an innovative platform for the sale of digital gift cards featuring brands such as Saks Fifth Avenue, Saks Off Fifth, Gap, Banana Republic, Old Navy, PlayStation, Microsoft, Xbox, Nintendo, Indigo and Esso. For more information about Perk Labs, please visit www.perklabs.io

For more information contact: Jonathan Hoyles

CEO

Perk Labs Inc.

(833) 338-0299 investors@perklabs.io

Iryna Zheliasko, Manager, Corporate Communications

CHF Capital Markets

416-868-1079 x 229

iryna@chfir.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

 Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements (collectively “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: “may”, “believe”, “thinks”, “expect”, “exploring”, “expand”, “could”, “anticipate”, “intend”, “estimate”, “plan”, “pursue”, “potentially”, “projected”, “should”, “will” and similar expressions, or are those, which, by their nature, refer to future events. These forward-looking statements, which involve risks and uncertainties, relate to, among other things, the discussion of the Company’s business strategies and its expectations concerning future operations, and that there is a huge opportunity for Perk to become one of the leading mobile-first distributors of digital gift cards in the United States. Although the Company considers these forward-looking statements to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking statements. Undue reliance should not be placed on such forward-looking information, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur.

 

Perk Labs Announces At-the-Market Equity Program Renewal

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Vancouver, Canada / February 17, 2021 / Perk Labs Inc. (CSE: PERK / OTCQB: PKLBF / FKT: PKLB) (“Perk Labs” or the “Company”), the owner of Perk Hero, the all-in-one mobile ordering, contact-free payments and loyalty app, today announced that it has established an At-The-Market Equity Program (the “ATM Program”) that allows the Company to periodically issue and sell up to C$4,000,000 worth of common shares in the capital of the Company (the “Common Shares”) from treasury to the public, at the Company’s discretion. All Common Shares sold under the ATM Program will be sold through the Canadian Securities Exchange or another Canadian “marketplace” (as defined in National Instrument 21-101 – Marketplace Operation) upon which the Common Shares are listed, quoted or otherwise traded, at the prevailing market price at the time of sale.

Jonathan Hoyles, CEO of Perk Labs, commented: “The previous ATM Program of $2,000,000 announced on July 29, 2020 has been a successful tool providing Perk with a consistent flow of funds to execute on the intended plans and build our marketing campaign. The mobile commerce landscape in Canada and the US is incredibly fruitful, and we want to be at the forefront of its advancement. Now more than ever we feel the urgency to ramp up our marketing activities, especially as it relates to increasing the number of high-quality merchants on the app by creating targeted digital campaigns. Therefore, Perk has made a strategic decision to renew the ATM Program, preserving the flexibility of raising money through other types of financings, should the need and opportunity arise, as indicated in the Prospectus Supplement. We are looking forward to updating the market and our shareholders on the progress we are making in growing the business and raising the profile of the Company.”

The volume and timing of distributions under the ATM Program, if any, will be determined in the Company’s sole discretion. Distributions of the Common Shares under the ATM Program will be made pursuant to the terms of an equity distribution agreement (the “Distribution Agreement”) dated February 17, 2021 entered into between the Company and Echelon Wealth Partners Inc. (the “Agent”).

The ATM Program will be effective until the earlier of the (i) issuance and sale of all of the Common Shares issuable pursuant to the ATM Program or (ii) ATM Program being terminated by the Company or the Agent in accordance with the terms of the Distribution Agreement. Perk Labs intends to use the net proceeds from the ATM Program, if any, for investment in sales and marketing initiatives to attract and sign up new merchants and users to the Perk Hero App, to continue development of the Perk Hero App through a series of build-measure-learn iterations and for general working capital purposes. As Common Shares distributed under the ATM Program will be issued and sold at the prevailing market price at the time of the sale, prices may vary among purchasers during the period of the ATM Program.

The offering of Common Shares under the ATM Program is qualified by a prospectus supplement dated February 17, 2021 (the “Prospectus Supplement”) to the Company’s short-form base shelf prospectus dated July 17, 2020 (the “Shelf Prospectus”), which were each filed with the applicable securities regulatory authorities in each of the provinces and territories of Canada. The Prospectus Supplement and the Shelf Prospectus are available under the Company’s profile on the System for Electronic Document Analysis and Retrieval (“SEDAR”) website at www.sedar.com. Alternatively, the Agent will send copies of the Prospectus Supplement and the Shelf Prospectus upon request by contacting: 1 Adelaide St. E, Suite 2100, Toronto, Ontario, M5C 2V9, or by email at ecm@echelonpartners.com or by telephone at (416)-572-5523.

Borden Ladner Gervais LLP acted as legal counsel to the Company, and Goodmans LLP acted as legal counsel to the Agent.

This news release does not constitute an offer to sell or the solicitation of an offer to buy the Common Shares, nor shall there be any sale of the Common Shares in any province, state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such province, territory, state or jurisdiction.

About Perk Labs Inc.

Perk Labs Inc. is the owner of Perk Hero, a digital loyalty management platform that enables merchants to provide their customers with digital rewards and a more engaging and convenient customer experience. For more information about Perk Labs, please visit www.perklabs.io.

For more information, please contact:

Jonathan Hoyles, CEO

Perk Labs Inc.

(833) 338 0299

investors@perklabs.io

 

Iryna Zheliasko, Manager, Corporate Communications

CHF Capital Markets

416-868-1079 x229

Iryna@chfir.com

 

Forward-Looking Statements

Certain statements made in this press release may constitute “forward-looking information”, “future oriented financial information” or “financial outlooks” (collectively, “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information may relate to anticipated events or results including, but not limited to: the issuance, sale and distribution of Common Shares pursuant to the ATM Program, including the price, volume and timing of any distributions; the intended use of net proceeds from the ATM Program; and other statements that are not historical facts. Particularly, information regarding our expectations of future results, targets, performance achievements, prospects or opportunities is forward-looking information. Often, but not always, forward-looking statements can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “believe”, “estimate”, “plan”, “could”, “should”, “would”, “outlook”, “forecast”, “anticipate”, “foresee”, “continue” or the negative of these terms or variations of them or similar terminology. Forward-looking information is current as of the date it is made and is based on reasonable estimates and assumptions made by us at the relevant time in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we believe are appropriate and reasonable in the circumstances. However, we do not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws in Canada. There can be no assurance that such estimates and assumptions will prove to be correct.

Forward-looking information involves known and unknown risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur. For additional information with respect to certain of these assumptions, risks or factors, and risk factors relating to the Common Shares, reference should be made to the Prospectus Supplement and the Shelf Prospectus, the Company’s annual information form dated May 7, 2020 for the year ended November 30, 2019 and material change reports filed with the Canadian securities regulatory authorities available at www.sedar.com, and such other continuous disclosure materials as may be filed from time to time by the Company with Canadian securities regulatory authorities.

 

Perk Labs Enters Booming US eCommerce Market

Vancouver, Canada / February 2, 2021 / Perk Labs Inc. (CSE:PERK / OTCQB:PKLBF / FKT:PKLB) (“Perk” or the “Company”) the parent company of Perk Hero, the mobile commerce platform with exclusive perks on curated lifestyle products and digital gift cards, today announced that its app and curated lifestyle products are now available to customers in the United States.

“The eCommerce market in the United States is more than ten times the size of Canada’s and represents a massive market opportunity for our Company,” says Perk Labs’ CEO Jonathan Hoyles, “We’re entering 2021 with excellent momentum and expect that demand from US customers will further accelerate Perk’s growth. In the past we’ve had many Americans, including existing shareholders, that have expressed their desire to make purchases using our platform and we are very happy to finally make that opportunity available to them. We also look forward to growing our merchant base in the United States, which is home to a lot of high-quality brands.”

The pandemic has accelerated eCommerce growth in the US, with online sales in 2020 reaching levels not previously anticipated until 2022. US eCommerce sales were projected to reach $794.50 billion in 2020, up 32.4% year-over-year.1

Perk has already enabled over 65% of its eCommerce merchant partners to sell and ship to the United States through the Perk Hero mobile app. US customers can now choose from a wide variety of high-quality lifestyle products in categories such as men’s self-care, jewelry, scented candles, leather goods, eco-friendly and food and drink, among many others. New features in the Perk Hero app supporting the US expansion include auto detection of the user’s country on sign-up, allowing users to select country specific marketplace, multi-currency and US shipping. Perk is also working to make digital gift cards available for sale in the United States through the Perk Hero app as soon as possible.

About Perk Labs Inc.

Perk Labs Inc. is the owner of Perk Hero, the mobile commerce platform with exclusive perks on e-gift cards and curated lifestyle products. The Perk Hero platform was engineered for reliability and scale using enterprise-level technology made available to businesses of all sizes. For more information about Perk Labs, please visit www.perklabs.io

For more information contact: Jonathan Hoyles

CEO

Perk Labs Inc.

(833) 338-0299 investors@perklabs.io

Iryna Zheliasko, Manager, Corporate Communications

CHF Capital Markets

416-868-1079 x 229

iryna@chfir.com

1https://www.emarketer.com/content/us-ecommerce-growth-jumps-more-than-30-accelerating-online-shopping-shift-by-nearly-2-years

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

 Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements (collectively “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: “may”, “believe”, “thinks”, “expect”, “exploring”, “expand”, “could”, “anticipate”, “intend”, “estimate”, “plan”, “pursue”, “potentially”, “projected”, “should”, “will” and similar expressions, or are those, which, by their nature, refer to future events. These forward-looking statements, which involve risks and uncertainties, relate to, among other things, the discussion of the Company’s business strategies and its expectations concerning future operations, and the expectation that demand from the US customers will further accelerate Perk’s growth, and Perk’s plans to make digital gift cards available for sale in the United States. Although the Company considers these forward-looking statements to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking statements. Undue reliance should not be placed on such forward-looking information, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur.

 

Perk Labs Announces Shopify Integration for a Faster and More Seamless Experience

Vancouver, Canada / January 28, 2021 / Perk Labs Inc. (CSE:PERK / OTCQB:PKLBF / FKT:PKLB) (“Perk” or the “Company”), the parent company of Perk Hero, the mobile commerce platform with exclusive perks on curated lifestyle products and digital gift cards, is pleased to announce that it has built a custom app integration that connects to Shopify eCommerce sites. This integration will enable Shopify merchants to quickly and easily onboard with the Perk Hero platform through a seamless auto syncing of catalogue information such as title, inventory, pricing and order details. The Perk Hero Shopify integration is designed in such a way that anyone running a Shopify/Shopify Plus store can easily use it and list their products for sale on Perk Hero with very little effort required.

“The Shopify platform has experienced exceptional growth, especially in the past year as more and more businesses have moved online” says Perk Labs’ CEO Jonathan Hoyles, “We see this integration as a very important milestone that will enable Perk to scale up our number of merchants and build our product supply at a much accelerated pace. It also enables us to onboard larger and higher volume merchants that require an integrated solution.”

Shopify is a leading e-commerce platform that currently powers over a million businesses in approximately 175 countries. By adding this Shopify integration, Perk is following through on its commitment to provide independent brands and local businesses with tools to help them reach new markets and customers. In this new era of digital and mobile commerce, Perk Hero is becoming the marketplace for consumers to save money and find unique high-quality lifestyle products from local, independent businesses.

Perk Hero’s rapidly growing marketplace now has approximately 60 eCommerce merchants selling over 1000 products on its platform, in addition to over 100 food and beverage merchants. Perk Hero also recently launched its own gift card and digital wallet, and added to its selection of digital gift cards from brands such as Saks Fifth Avenue, Saks Off Fifth, Gap, Banana Republic, Old Navy, Bath & Body Works and David’s Tea. Perk is also planning to launch a Walmart digital gift card in early February.

Perk Labs also provided an update on its At-The-Market Program. Since commencing the program, the Company has raised $1.3M, of which $540K has been raised in the month of January thus far. The financing proceeds strengthen the Company’s balance sheet, providing it with the flexibility to fund its growth strategies.

 About Perk Labs Inc.

Perk Labs Inc. is the owner of Perk Hero, the mobile commerce platform with exclusive perks on e-gift cards and curated lifestyle products. The Perk Hero platform was engineered for reliability and scale using enterprise-level technology made available to businesses of all sizes. Perk Hero provides an innovative platform for the sale of digital gift cards featuring brands such as Saks Fifth Avenue, Saks Off Fifth, Gap, Banana Republic, Old Navy, PlayStation, Microsoft, Xbox, Nintendo, Indigo and Esso. For more information about Perk Labs, please visit  www.perklabs.io

For more information contact: Jonathan Hoyles

CEO

Perk Labs Inc.

(833) 338-0299 investors@perklabs.io

 

Iryna Zheliasko, Manager, Corporate Communications

CHF Capital Markets

416-868-1079 x 229

iryna@chfir.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

 Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements (collectively “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: “may”, “believe”, “thinks”, “expect”, “exploring”, “expand”, “could”, “anticipate”, “intend”, “estimate”, “plan”, “pursue”, “potentially”, “projected”, “should”, “will” and similar expressions, or are those, which, by their nature, refer to future events. These forward-looking statements, which involve risks and uncertainties, relate to, among other things, the discussion of the Company’s business strategies and its expectations concerning future operations, that the Shopify integration will enable Perk to scale up its number of merchants and build its product supply at a much accelerated pace and also enable Perk to onboard larger and higher volume merchants that require an integrated solution, and Perk’s plans to launch a Walmart digital gift card. Although the Company considers these forward-looking statements to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking statements. Undue reliance should not be placed on such forward-looking information, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur.

 

Perk Labs Sees Spike in Sales and Prepares for Busy Holiday Shopping Season

Vancouver, Canada / November 24, 2020 / Perk Labs Inc. (CSE:PERK / OTCQB:PKLBF / FKT:PKLB) (“Perk” or the “Company”), the parent company of Perk Hero, the mobile commerce platform with exclusive rewards on e-gift cards and curated goods, is pleased to report an increase in the dollar volume of purchases transacted through its app in the month of November, highlighted by a notable spike in the number of gift card purchases from customers in multiple locations across Canada, as well as a surge in signing up new eCommerce merchants to its app.

“We are happy to see a recent spike both in the number of transactions and merchants signed up on our app. This indicates that Perk is on the right track and we want to keep the ball rolling. As consumers move to online shopping amid the pandemic restrictions, gift cards are proving to be a preferred touchless way to spread some much-needed holiday cheer. We are pleased to provide our customers with exclusive offers on high-quality goods and digital gift cards as well as an opportunity to earn rewards by referring Perk to their friends,” says Perk Labs CEO Jonathan Hoyles.

Unlike any other year, this holiday season will see a huge shift towards online shopping due to COVID-19 limitations. Consumers have adjusted their shopping behaviours, and Perk intends to make use of this shift.

To continue on the recent growth trend, Perk will be running a series of exclusive sales and special bonus cash back reward promotions on high-quality products and digital gift cards leading up to Black Friday and Cyber Monday. The Company is currently offering special bonus cash back rewards on digital gift cards for PlayStation, Nintendo, Xbox and Indigo. These promotions are timely as PlayStation and Xbox recently released their next generation of gaming consoles.

Perk would also like to provide an update on its At-The-Market Program. Since commencing the program, the Company has raised $333,000, of which $170,675 has been raised in the month of November. The financing proceeds strengthen the Company’s balance sheet and will allow Perk to expand its sales and marketing efforts.

Looking forward into the new year, the Company has plans to execute on the following:

  • Q1 2021 will be focused on the US expansion, offering US digital gift cards, and enhanced merchant tools.
  • Q2 2021 will continue to focus on the US expansion, as well as launching a virtual shopping assistant and group buying.
  • Q3 2021 will focus on an AI recommendation engine and API integrations.

For the remainder of 2020, Perk will continue to focus on growing its supply of merchants, new customer acquisition, and promoting its products throughout the holiday shopping season.

About Perk Labs Inc.

Perk Labs Inc. is the owner of Perk Hero, the mobile commerce platform with exclusive perks on e-gift cards and curated goods. For more information about Perk Labs, please visit  www.perklabs.io

For more information contact:

 Jonathan Hoyles, CEO

Perk Labs Inc.

(833) 338-0299

investors@perklabs.io

 

Iryna Zheliasko

CHF Capital Markets

416-868-1079 x 229

iryna@chfir.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

 Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements (collectively “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: “may”, “believe”, “thinks”, “expect”, “exploring”, “expand”, “could”, “anticipate”, “intend”, “estimate”, “plan”, “pursue”, “potentially”, “projected”, “should”, “will” and similar expressions, or are those, which, by their nature, refer to future events. These forward-looking statements, which involve risks and uncertainties, relate to, among other things, the discussion of the Company’s business strategies and its expectations concerning future operations, expectations of sales during the holiday shopping season, demand from customers for the Company’s sales and offers during Black Friday and Cyber Monday, and the Company’s sales and marketing efforts, the Company’s plans to expand into the US, offer digital gift cards in the US, enhance its merchants tools, launch a virtual shopping assistant, group buying capability, AI recommendation engine and API integrations. Although the Company considers these forward-looking statements to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking statements. Undue reliance should not be placed on such forward-looking information, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur.

 

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