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Toronto, Ontario–(Newsfile Corp. – February 28, 2022) – RIWI Corp. (TSXV: RIWI) (OTC Pink: RWCRF) (the “Company” or “RIWI”), a global trend tracking and prediction technology company, today announced that it has been awarded a contract with a leading global financial institution based in the United States. The minimum value of this contract is US$384,000.
This contract win supports RIWI’s ongoing strategy to generate more long-term subscription revenue. Client leverages the RIWI Platform – and benefits from the ability under the Contract to pay RIWI for additional analytical services – due to RIWI’s ability to collect continuous sentiment data on varied topics such as changes in consumer confidence and travel intentions. RIWI’s platform enables long-term trend analysis of data streams and provides the client with the ability to make predictions about the future strength of stocks and sectors. This business model helps RIWI become essential to customer operations and increases RIWI’s ability to retain and grow work with new and existing customers.
RIWI began the transition in 2021 to a more subscription-based business model and away from a project-based model. RIWI now offers subscription services in three different ways: (a) subscriptions to standard data feeds, (b) subscriptions to long-term client follow-ups, and (c) subscriptions to the RIWI platform to enable clients to perform agile data collection, messaging testing and digital campaigns in any country. For standard data stream subscriptions, RIWI launched “RIWI China Alpha” for the electric vehicle and luxury goods sectors, and also launched the “Substance Use Stigma and Recovery” index in 2021 for global customers of public health. To expand its offerings for international finance and development clients, RIWI will soon launch a “Compass Data” series that will include indices on global macroeconomic trends, the risk of military conflict, and trends in social cohesion and polarization.
As part of the Military Conflict Risk Index, RIWI has tracked developments in Russia and Ukraine as well as many other regions of the world. Prior to Russia’s invasion of Ukraine and amid the ensuing humanitarian disaster, RIWI captured the sentiment of citizens in the conflict zone in real time. To subscribe to this data feed or learn more about RIWI’s conflict zone monitoring capabilities, please visit: https://riwi.com/research/citizen-intelligence-in-lead-up-to -russian-invasion-of-ukraine/
“The RIWI platform is a unique and essential solution for clients looking to collect data and test digital messages in any region of the world. This enables clients to make evidence-based operational decisions as events unfold,” says Greg Wong, Director of RIWI. Executive Officer.
RIWI is a global trend tracking and prediction technology company. On the basis of a monthly or annual subscription, RIWI offers its customers follow-up surveys, continuous risk monitoring, predictive analyzes and advertising effectiveness tests in all countries – without collecting personally identifiable data. https://riwi.com
Signed: “Greg Wong”
Greg Wong, General Manager
For more information, please contact: [email protected]
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 release.
CAUTION REGARDING FORWARD-LOOKING INFORMATION:
Information and statements contained in this press release that are not historical facts are “forward-looking information” within the meaning of Canadian securities laws that involve risks and uncertainties. The forward-looking information included herein is made as of the date of this press release, and RIWI does not intend and undertakes no obligation to update any forward-looking information except as required by applicable securities laws. require. Forward-looking information relates to future events or future performance and reflects the Company’s management of expectations or beliefs regarding future events. Such forward-looking information is based, in part, on assumptions and factors which may change or prove to be incorrect, causing actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115076