August 24, 2016 Research #3 Tactical Technology 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 Colum- bia, 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 En- vision 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. 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). Company Details 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%) Canadian Symbol (TSX.V): REW Current Price: $0.365 CAD (August 23, 2016) Market Capitalizaon: $15 million CAD German Symbol / WKN: JL4L / A2APX1 Current Price: €0.25 EUR (August 23, 2016) Market Capitalizaon: €8 million EUR Chart Canada (TSX.V) Chart Germany (Frankfurt)
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August 24, 2016
Research #3Tactical Technology
RewardStream expands business with British Columbia‘s third
largest Credit UnionToday, 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 Colum-bia, 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 En-vision 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.
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).
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
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 [email protected](604) 282-7572
Forward-Looking InformationThis 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 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.
Disclaimer and Information on Forward Looking Statements:All statements in this report, other than state-ments of historical fact should be considered forward-looking statements. Much of this re-port 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 per-form as expected; that RewardStream will complete transactions; that RewardStream or its partner(s) can and will start growing or ad-vancing its technology to other platforms and customers; that the company can raise suffi-cient funds for future transactions, develop-ments 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 re-sults or events to differ materially from those anticipated in these forward-looking state-ments. 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 rel-evant securities commissions, and should be reviewed by any reader of this report. In addi-tion, with respect to RewardStream, a num-ber of risks relate to any statement of projec-tion or forward statements, including among other risks: the receipt of all necessary ap-provals and permits; the ability to conclude a transaction to start or continue generating revenues; uncertainty of future market regu-lations, capital expenditures and other costs; financings and additional capital require-ments for maintenance, development, con-struction, 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 juris-dictions 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 oper-ations financed. There can be no assurance that such statements will prove to be accur-ate, 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.
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 with your financial advisor and a registered broker-dealer. Never make an investment based solely on what you read in an online or printed report, including Rockstone’s report, especially if the investment involves a small, thinly-traded company that isn’t well known. 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 recommendation but as advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. Rockstone and the author of 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 into effect. Please read the entire Disclaimer carefully. If you do not agree to all of the Disclaimer, do not access this website or any of its pages including this report in form of a PDF. By using this website and/or PDF report, and whether or not you actually read the Disclaimer, you are deemed to have accepted it. Information provided is educational and general in nature.
Analyst Profile and Contact
Stephan Bogner (Dipl. Kfm. FH)Mining Analyst Rockstone Research 8050 Zurich, [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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