INEO Announces Updated Contracts with Key Customers
SURREY, BC, Sept. 19, 2023 /PRNewswire/ – INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF) (the “Company” or “INEO“), the developer and operator of the INEO Media Network, a digital advertising and analytics solution for retailers, is pleased to announce it has entered into updated commercial agreements with its large national retail and regional liquor-store network locations. The updated contracts feature 5-year and 6-year contract lengths, exclusive in-store advertising rights, deployment of additional in-store media screens, the right to assign the ownership of the INEO Welcoming System hardware deployed in the retail stores and the right to assign ownership of INEO’s exclusive advertising contracts to a third-party media partner. The updated agreements are expected to position the Company for rapid growth and improved margins.