RewardStream expands business with British Columbia`s third

August 24, 2016
Research #3
Tactical Technology
Company Details
RewardStream expands business
with British Columbia‘s third
largest Credit Union
Today, the software company RewardStream Solutions Inc. has announced that
First West Credit Union is expanding its business relations with RewardStream.
With more than 1,700 employees, First West administrates assets worth nearly $11
billion for its 250,000 clients and is the third largest credit union in British Columbia, operating the most geographically expansive credit union branch network in the
province. Its division Island Savings, which was merged with First West in 2015, has
now implemented the referral marketing technology from RewardStream as well,
after the program has been implemented successfully by both its other divisions Envision Financial and Valley First. Island Savings members can now refer their friends
and families to become new members of First West, and can earn up to $250 per
year for successful referrals thanks to RewardStream’s second-to-none technology.
RewardStream Solutions Inc.
Office 250 - 2985 Virtual Way
Vancouver, B.C. V5M 4X7 Canada
Phone: +1 877 692 0040
Email: [email protected]
www.rewardstream.com
Shares Issued & Outstanding: 37,787,115
Free Float: 4,448,603 (12%)
Chart
August 18 News: RewardStream reported interesting personnel news, which
reinforce the company as attractive and engaged along with a strong growth
potential, notwithstanding that it was publicly listed a few days ago and has a current
market capitalization of $15 million. The former Apple and Amazon executive, Ian
Klassen, has been added to RewardStream’s newly formed Advisory Board (see full
press-release here).
August 16 News: RewardStream announced the full release of its software on
the popular and leading eCommerce platform Magento, making its easy-to-install
plug-in available to more than 230,000 online retailers. Strong revenue growth is
anticipated over the next months (see full press-release here).
Initiating Coverage from Erenik Yzeiraj, analyst with RAMPartners S.A.:
The Geneva/Switzerland-based asset managing firm initiated coverage (see
valuation and research report here).
Canada (TSX.V)
Canadian Symbol (TSX.V): REW
Current Price: $0.365 CAD (August 23, 2016)
Market Capitalization: $15 million CAD
Chart
Germany (Frankfurt)
German Symbol / WKN: JL4L / A2APX1
Current Price: €0.25 EUR (August 23, 2016)
Market Capitalization: €8 million EUR
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Today’s full press-release:
RewardStream
Launches
third
Program for First West Credit Union
New program further expands
RewardStream’s position in financial
services
Vancouver BC – August 24, 2016
– RewardStream Solutions Inc.,
(“RewardStream” or the “Company”),
(TSX-V: REW and Frankfurt: JL4L, WKN
Number A2APX1) a world leader in
automated referral marketing solutions
has announced the launch of the
Referral Perks program for members of
First West Credit Union doing business
through the Island Savings division.
First West Credit Union operates
the most geographically expansive
credit union branch network in British
Columbia, Canada, and has nearly $11
billion in assets under administration.
“We’re very pleased to be continuing
to grow our relationship with First West
and their divisions, including Envision
Financial, Valley First, and now Island
Savings,” said Rob Goehring, Chief
Executive Officer of RewardStream.
“Credit unions are enjoying their highest
rates of customer satisfaction ever, and
as a result are ideally positioned to
generate membership growth through
referrals. We are proud to support
Island Savings and their commitment to
growing First West’s member base by
having their happy First West members
share the message.”
Island Savings members can refer their
friends and family members to become
new members of First West credit union
through the Referral Perks program on
the Island Savings web site.
Members can refer more than once,
and can earn up to $250 in a calendar
year for successful referrals, all powered
by RewardStream’s highly successful
referral marketing platform.
“First West, through our Island Savings
division, is pleased to be able to offer
these rewards to our members,” said
Ashok Gupta, VP of Marketing Strategy at
Research #3 | RewardStream Solutions Inc.
First West. “We’ve enjoyed great success
with our Referral Perks programs for
both our Envision Financial and Valley
First divisions, and we’re now pleased to
extend the program to our valued First
West members at Island Savings.”
RewardStream is the leading provider of
automated referral marketing software
for
telecommunication,
financial
services and e-commerce organizations
and delivers one of the lowest cost
methods for acquiring new customers.
First West members served by the
Island Savings division can find more
information about Referral Perks at the
Island Savings website here.
About First West
First West Credit Union offers members
the financial strength, comprehensive
product selection and extended branch
network of a large financial institution
while maintaining local brand identities
and a unique grassroots approach to
service. Led by Launi Skinner, First
West is British Columbia’s third-largest
credit union with nearly $11 billion in
assets under administration, nearly
250,000 members and more than 1,700
employees. It operates 54 branches
throughout the province under the
Envision Financial, Valley First, Enderby
& District Financial and Island Savings
divisions. Visit firstwestcu.ca for more
information.
About RewardStream Solutions Inc.
RewardStream specializes in the
execution of automated referral
marketing programs that help brands to
acquire, engage, and retain their most
valuable stakeholders – customers.
By utilizing an innovative blend of
marketing insight and proprietary
technology, RewardStream turns an
existing customer base into a powerful
new sales channel for all of our clients.
RewardStream delivers a scalable,
real-time technology platform as the
foundation of our client’s referral
program. The platform provides
customer acquisition programs that
deliver new, highly loyal customers at
very low cost per acquisition rates. Our
award-winning marketing solutions have
powered loyalty and referral marketing
programs across 39 countries for brands
including Boost Mobile, Virgin Mobile,
Envision Financial, Koodo Mobile and
more. For more information please visit
www.rewardstream.com.
For more information contact:
RewardStream Solutions Inc.
Rana Vig, Vice Chairman
[email protected]
(604) 282-7572
Rob Goehring, CEO
[email protected]
(877) 692-0040
www.rewardstream.com
Forward-Looking Information
This news release contains forwardlooking information, which involves
known and unknown risks, uncertainties
and other factors that may cause
actual events to differ materially from
current expectation. Important factors including the availability of funds and the
results of financing efforts - that could
cause actual results to differ materially
from the Company’s expectations are
disclosed in the Company’s documents
filed from time to time on SEDAR (see
www.sedar.com). Readers are cautioned
not to place undue reliance on these
forward-looking statements, which
speak only as of the date of this press
release. The Company disclaims any
intention or obligation, except to the
extent required by law, to update or
revise any forward-looking statements,
whether as a result of new information,
future events or otherwise.
Previous Coverage:
Research #2: “RewardStream adds
former Apple and Amazon Executive to
its Advisory Board” (August 18, 2016)
Research #1: “A money-printing
technology” (August 15, 2016)
The valuation and research report from
RAMPartners S.A. can be read here in
English and here in German.
The article “Pioneering the Referral
Marketing Space” from Gurinder Sandhu
can be read here in English and here in
German.
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Disclaimer and Information on
Forward Looking Statements:
All statements in this report, other than statements of historical fact should be considered
forward-looking statements. Much of this report is comprised of statements of projection.
Statements in this report that are forward
looking include that RewardStream Solutions
Inc. or any other company or market will perform as expected; that RewardStream will
complete transactions; that RewardStream or
its partner(s) can and will start growing or advancing its technology to other platforms and
customers; that the company can raise sufficient funds for future transactions, developments and other corporate matters; that any
of the mentioned plans, comparisons with
other companies, regions or numbers are
valid or economic. Such statements involve
known and unknown risks, uncertainties
and other factors that may cause actual results or events to differ materially from those
anticipated in these forward-looking statements. Risks and uncertainties respecting
new technologies and software companies
are generally disclosed in the annual financial
or other filing documents of RewardStream
and similar companies as filed with the relevant securities commissions, and should be
reviewed by any reader of this report. In addition, with respect to RewardStream, a number of risks relate to any statement of projection or forward statements, including among
other risks: the receipt of all necessary approvals and permits; the ability to conclude
a transaction to start or continue generating
revenues; uncertainty of future market regulations, capital expenditures and other costs;
financings and additional capital requirements for maintenance, development, construction, and operating of its platforms and
corporation; the receipt in a timely fashion of
further permitting for its legislative, political,
social or economic developments in the jurisdictions in which RewardStream carries on
business; operating or technical difficulties in
connection with production or development
activities; the ability to keep key employees,
joint-venture partner(s), customers and operations financed. There can be no assurance
that such statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in
such statements. Accordingly, readers should
not place undue reliance on forward-looking
information. Rockstone and the author of
this report do not undertake any obligation to
update any statements made in this report.
Research #3 | RewardStream Solutions Inc.
Disclosure of Interest and
Advisory Cautions:
Nothing in this report should be construed
as a solicitation to buy or sell any securities
mentioned. Rockstone, its owners and the
author of this report are not registered
broker-dealers or financial advisors. Before
investing in any securities, you should consult
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based solely on what you read in an online or
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especially if the investment involves a small,
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The author of this report is paid by Zimtu
Capital Corp., a TSX Venture Exchange listed
investment company. Part of the author’s
responsibilities at ZimtuCapital Corp. is to
research and report on companies in which
Zimtu Capital Corp. has an investment. So
while the author of this report is not paid
directly by RewardStream Solutions Inc., the
author’s employer Zimtu Capital Corp. will
benefit from appreciation of RewardStream
Solutions Inc.’s stock price. The author also
owns shares of RewardStream Solutions
Inc. as well as shares of Zimtu Capital Corp.,
and thus would also benefit from volume
and price appreciation of its stocks. Hence,
multiple conflicts of interests exist. Therefore,
the information provided herewithin should
not be construed as a financial analysis or
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has received, which the author assumes
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this report do not guarantee the accuracy,
completeness, or usefulness of any content
of this report, nor its fitness for any particular
purpose. RewardStream Solutions Inc. has
not reviewed all of the content of this report
prior to publication. Lastly, the author does
not guarantee that any of the companies
mentioned in the reports will perform as
expected, and any comparisons made to
other companies may not be valid or come
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Disclaimer, you are deemed to have accepted
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Analyst Profile and Contact
Stephan Bogner (Dipl. Kfm. FH)
Mining Analyst
Rockstone Research
8050 Zurich, Switzerland
+41-44-5862323
[email protected]
Stephan Bogner
studied at the
International School
of Management
(Dortmund,
Germany), the
European Business
School (London)
and the University of Queensland
(Brisbane, Australia). Under supervision
of Prof. Dr. Hans J. Bocker, Stephan
completed his diploma thesis (“Gold In
A Macroeconomic Context With Special
Consideration Of The Price Formation
Process”) in 2002. A year later, he
marketed and translated into German
Ferdinand Lips‘ bestseller („Gold Wars“).
After working in Dubai for 5 years, he
now lives in Switzerland and is the CEO of
Elementum International AG specialized
in duty-free storage of gold and silver
bullion in a high-security vaulting facility
within the St. Gotthard Mountain Massif
in central Switzerland.
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