INEO Welcoming Network Expansion Continues

·3-min read

INEO continues to expand its Welcoming Network adding stores in Kelowna, BC.

SURREY, BC, Nov. 5, 2020 /CNW/ - INEO Tech Corp. (TSX-V: INEO) ("INEO" or the "Company"), an innovative provider of location based digital advertising, data analytics and loss prevention solutions for retailers, today announced the installation of the first five stores in a planned expansion of the INEO Welcoming Network to the Okanagan Valley Region. With this expansion, the INEO Welcoming Network now has a presence in all the major markets in BC and Alberta.

INEO Tech Corp., through its wholly owned subsidiary, INEO Solutions Inc., provides retailers with the INEO Welcoming Network, a patented in-store and online location-based advertising network that enhances the customer experience, monetizes the entrances of retail stores and protects against retail theft. (CNW Group/INEO Tech Corp.)
INEO Tech Corp., through its wholly owned subsidiary, INEO Solutions Inc., provides retailers with the INEO Welcoming Network, a patented in-store and online location-based advertising network that enhances the customer experience, monetizes the entrances of retail stores and protects against retail theft. (CNW Group/INEO Tech Corp.)

"We are executing on our strategy of building a large network of high-quality retail liquor stores to showcase our ability to scale operationally," commented Kyle Hall, CEO of INEO. "This operational scale is vital to our next phase of business with national and international retailers. Our technology is not in question as we have already proven it to be superior to any comparative product and our core patent cements our technology path forward. Adding more stores and more regions strengthens our position of proving out the robustness of our organization and will turn into more agreements with retailers in the next few months."

About INEO:
INEO Tech Corp., through its wholly owned subsidiary, INEO Solutions Inc., provides retailers with the INEO Welcoming Network, a patented in-store and online location-based advertising network that enhances the customer experience, monetizes the entrances of retail stores and protects against retail theft. The INEO Welcoming Network is a revolutionary cloud-based digital advertising and data analytics system, which sends customized advertising to digital screens integrated with theft detection sensor gates at the entrance of retail stores. INEO is headquartered in Surrey, Canada and publicly traded on the TSX-Venture Exchange under the symbol "INEO". For more information please visit www.ineosolutionsinc.com.

Forward-Looking Statements:
Investors are cautioned that, except as disclosed in the disclosure document, any information released or received with respect to the Company may not be accurate or complete and should not be relied upon. Trading in securities of the Company should be considered highly speculative.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectations. Important factors – including the availability of funds, acceptance of the Company's products, competition, and general market conditions – that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed on SEDAR, including the Company's Filing Statement dated January 20, 2020 (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.

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

SOURCE INEO Tech Corp.

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