DeepMarkit to Pursue Blockchain Strategy

5 min read

Calgary, Canada – February 1, 2018 – DeepMarkit Corp., (“DeepMarkit” or the “Company”) (TSX-V:MKT OTCQB:MKTDF) is pleased to announce that it is exploring a blockchain strategy to incorporate crypto-currencies and the distributed ledger technology into DeepMarkit’s award-winning gamification and promotions platform. The DeepMarkit platform will bring the excitement of crypto-currency rewards to consumers and the value of high-quality consumer data verified by blockchain technology to merchants, brands, and publishers.

The Company’s software architects are designing the specifications to incorporate a crypto-currency reward system and the consumer data collection and storage for a distributed ledger consumer identity token, which will be built on a blockchain platform that various digital marketing tools can potentially connect to and have access to a centralized and well-structured database that serves as a shared source of truth for the platform.

DeepMarkit’s business is focused on merchants and consumers. Although still in the early stages, the Company’s blockchain strategy is to facilitate the exploitation of multiple crypto-currencies and verified consumer data by merchants. The DeepMarkit gamification platform delivers entertainment and rewards to the consumer along with positive branding, valuable consumer data and sales incentives for merchants. By incorporating crypto-currencies and blockchain verified consumer data, the Company’s strategy is to deliver to both consumers and merchants a real and recognizable value from the application of these technologies.

“Crypto-currencies and blockchain technology are destined to become significant elements of commerce but the path is not at all that clear,” stated Darold H. Parken, CEO of DeepMarkit. “We don’t want to try to predict a winner in the proliferation of crypto-currencies and it is often hard to see the actual problems being solved by the application of blockchain technologies in many situations. Our intent is to create a mechanism for the exchange of verified consumer data for crypto-currency rewards in a gamified environment that serves the needs and wants of both consumers and merchants. It’s a very exciting area and we think that we can create a perfect match for these technologies and our business.”

Private Placement

DeepMarkit also announces a non-brokered private placement of up to $1,500,000 (the “Private Placement”). Under the Private Placement, which is subject to acceptance by the TSX Venture Exchange, DeepMarkit intends to issue, pursuant to applicable exemptions from prospectus requirements of Canadian and United States securities laws, 20,000,000 Units (the “Units”) at a price of CAD $0.075 per Unit. Each Unit comprises one common share and one common share purchase warrant (each a “Warrant”). Each Warrant entitles the holder to purchase one additional common share of DeepMarkit at an exercise price of CAD $0.15 for a period of twelve (12) months from the date of issuance of the Units.

DeepMarkit may pay a finder’s fee of up to 8% in cash to eligible finders in connection with the issue and sale of any or all of the Units under the Private Placement. The net proceeds from the Private Placement will be used to fund continued development of the DeepMarkit gamification platform and for marketing the platform.

About DeepMarkit

DeepMarkit is a gamification technology company inventing new ways to engage consumers and other audiences. The Company’s proprietary promotions platform enables businesses and agencies to create branded games that incentivize customers, thus driving sales, capturing data and generating leads. DeepMarkit integrates next-gen gamification engagement mechanics with interactive advertising industry standards to offer marketers an advanced solution suitable for campaigns of all sizes, targeting multiple channels on the web, mobile and social media.

DeepMarkit’s suite of HTML5 games and gaming solutions are designed for e-commerce platforms, social media, messaging apps, and other online community services. Instant games can be added to any online environment to encourage usage by providing a fun way to engage audiences with competitive or collaborative games. DeepMarkit offers numerous options to monetize through custom branded games, product placement, corporate sponsorships and prize and incentive awards.

DeepMarkit’s shares are listed on the TSX Venture Exchange, trading under the symbol MKT and on the OTCQB trading under the symbol MKTDF. For additional information or to try out our games and see the power of the platform, please visit www.deepmarkit.com

For more information, please contact:

President & CEO
Darold H. Parken
Tel: 403-537-0067
Email: dparken@deepmarkit.com

Director
Ranjeet Sundher
Email: sundher@deepmarkit.com

Follow us on:
Facebook:  https://www.facebook.com/DeepMarkitCorp
Twitter: https://twitter.com/DeepMarkit
Instagram: https://www.instagram.com/DeepMarkit

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

CAUTIONARY STATEMENT

Statements in this press release may contain forward-looking information including, statements regarding the potential for the successful application of crypto-currency and blockchain technologies; the intention to complete the private placement; the potential for commercial relationships, sales or the specific performance of the Company’s products. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of DeepMarkit. Factors that could cause the actual results to differ materially from those in forward-looking statements include, failure to develop successful crypto-currency and blockchain integration for its technology, failure to conclude binding agreements with customers, failure to obtain market acceptance of the Company’s products, inability to complete further development of the products or business, the failure to raise required additional capital, and general economic, market or business conditions. The reader is cautioned not to place undue reliance on any forward-looking information.

The forward-looking statements contained in this press release are made as of the date of this press release and DeepMarkit does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as required by securities law.

 

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