Business
INEO Provides Corporate Update Demonstrating Record Quarterly Revenues and Increasing Sales Pipeline
INEO Provides Corporate Update Demonstrating Record Quarterly Revenues and Increasing Sal...
About this update from Ineo Tech Corp.
[{"type":"text","content":"\n \n \n \n INEO Provides Corporate Update Demonstrating Record Quarterly Revenues and Increasing Sales Pipeline\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Based on preliminary results, INEO expects to achieve record revenue for Q4-2022 and for its fiscal year 2022, ending\n \n June 30, 2022\n \n .\n \n \n INEO's sales activities are accelerating with the Company's sales pipeline climbing to approximately\n \n $40 million\n \n in annual recurring revenue.\n \n \n \n \n \n SURREY, BC\n \n \n ,\n \n \n July 21, 2022\n \n \n /CNW/ -\n \n INEO Tech Corp.\n \n (TSX-V: INEO) (OTCQB: INEOF) (the \"\n \n Company\n \n \" or \"\n \n INEO\n \n \"), the innovative developer and operator of the INEO Media Network, a digital advertising and analytics solution for retailers, is pleased to provide the following business update following its fiscal fourth quarter and fiscal year ending\n \n June 30, 2022\n \n .\n \n \n \n \n \n \n \n \n \n INEO continues to show impressive growth as the Company is poised to deliver another quarter of record revenues in Q4-2022 with growth approaching 90% over Q4-2021.  The Company is also on track for achieving record financial performance for the full fiscal year and is continuing to execute on its direct sales and channel sales opportunities.\n \n \n INEO's sales pipeline has grown from\n \n $20 million\n \n annual recurring revenue to now over\n \n $40 million\n \n annual recurring revenue, based on the potential full contract value with retail chains who have currently installed or committed pilot installations.  INEO has active pilots and commitments with large retail chains through its direct sales efforts as well ...