In a news release, artificial intelligence and contactless solutions provider Loop Insights Inc. (MTRX:TSX.V) announced the "signing of a channel reseller partnership with Kentucky-based bdG Sports LLC, a leading representation, event management and public relations firm operating within the global sports marketing industry."
The company noted that bdG Sports manages several NCAA Division I tournaments across North America and is one of the largest providers of college basketball content in the U.S. In addition, bdG Sports manages two professional golf tournaments on the Korn Ferry Tour in the Caribbean and has a vast amount of experience with the LPGA and PGA Tours. The firm has established strong relationships with major brand sporting event sponsors including ESPN, Gatorade, Nike and MGM Resorts International. At present, due to the COVID-19 situation, these mainstay events along with many other bdG events have been disrupted and will not be resumed until a solution can be implemented that assures the safety of athletes, fans and staff.
Brooks Downing, president and CEO of bdG Sports, commented, "Many within our extensive network of business are desperately searching for innovative solutions that will allow them the opportunity to support a safe environment for fans, staff and athletes, but also optimize their revenue streams that warrant the restart of operations. Loop effectively solves both of these problems with its leading contact-tracing solution which will provide the confidence needed as teams make decisions to restart their schedules."
"This tool will allow fans to return to events and Loop's contactless, artificial intelligence marketing solutions will provide personalized promotions and targeted engagement, leading to higher conversions and transaction revenue at all events. This level of personalized omni-channel marketing is incredibly valuable for our clients' resumption plans," Downing added.
The company stated that plans are for bdG Sports to not only integrate Loop's contact tracing product into its current and future sporting events, but to also implement Loop's solutions to reinvent the live fan engagement experience through personalized real-time interactions.
As part of the partnering arrangement, bdG Sports will represent Loop as a reseller to its current and future clients allowing it direct access to the bdG Sports client base which Loop expects will increase its sports industry growth opportunities.
Loop Insights CEO Rob Anson remarked, "This is a major opportunity for Loop as live event operators are looking for two things that we can immediately solve. First, they are desperately looking to safely re-open facilities in efforts to save their respective seasons, and secondly, they are looking for new line revenue opportunities to offset the losses from reduced fan capacity in stadium. This partnership with globally renowned bdG Sports is major third-party validation of our abilities to deliver these solutions. We look forward to leading the way with them toward the safe and profitable resumption of major sporting events."
[NLINSERT]Disclosure:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Loop Insights. Please click here for more information. Within the last six months, an affiliate of Streetwise Reports has disseminated information about the private placement of the following companies mentioned in this article: Loop Insights.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Loop Insights, a company mentioned in this article.
