Business
JZZ Technologies, Inc., to Launch Data Marketing Generating a Potential $3.5+ Million in Revenue over 12 Months
JZZ Technologies, Inc., to Launch Data Marketing Generating a Potential $3.5+ Million in Revenue over 12 Months.
About this update from Ideal Group Of Companies Inc.
[{"type":"text","content":"Anderson, South Carolina--(Newsfile Corp. - December 6, 2023) - Under its existing Joint Venture (\"JV\"), JZZ Technologies, Inc. (OTC Pink: JZZI) (\"JZZ\" or the \"Company\") has begun its first marketing monetization program with New York-based Data Vault Holdings LLC. (\"Data Vault'). The initial dataset has a projected market value of $3.5 million plus in revenue over its first data sets, which is already being expanded.The Company has entered into a joint venture with Data Vault Holdings LLC, with the primary objective of monetizing JZZ Technologies' proprietary databases. Using Datavault® has allowed JZZ's digital division to create value for its derivative data, which now comprises thirteen data objects (individual data sets) that provide exceptional value for marketing companies utilizing the sets.The Company is completing its go-to-market strategy with Data Vault, which brings the buyers for the data to their comprehensive data vault where the JZZ Data Objects are offered in an open market. This may also allow for greater value as the data begins to enter the marketplace and prove its actual value.The Data Vault venture is expected to become a regular recurring revenue source for JZZ Technologies, as it opens up the opportunity for the sale of access to its top-of-the-line data management and analysis tools. Charles Cardona, CEO of JZZ Technologies, Inc., stated, \"Our digital division has been working behind the scenes for the past several months to build and qualify the data that Data Vault will now bring to the market for us. It has been no small task, but we know that this was a critical step in creating recurring revenue from our data from leading marketers. We are looking for results as Data Vault launches its go-to-market strategy and adds new data sets. We believe it will be a continuing growth process that rewards both companies handsomely.\"JZZ Technologies, Inc. will also use the data sets now being made available through Data Vault for its digital division promotions. These may include the promotion of JZZ digital properties, direct marketing of JZZ subsidiary company financial products or offers, and select partner marketing opportunities.About Data Vault Holdings LLCData Vault Holdings Inc. is a technology holding company that provides a proprietary, cloud-based platform, Datavault®, for the...