Business
Logiq Enters the Roofing Market, Further Expands its Presence in the Home Improvement Vertical
Logiq Enters the Roofing Market, Further Expands its Presence in the Home Improvement Vertical.
About this update from Logiq Inc.
[{"type":"text","content":"\n NEW YORK, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Logiq, Inc. (OTCQX: LGIQ), a provider of digital consumer acquisition solutions, today announced its entry into the roofing market to expand its presence in the home improvement market. “I am thrilled about our roofing industry expansion, as our team has worked hard to develop and add this vertical to our home improvement offering,” said Brent Suen, Chief Executive Officer. “We’re excited about the growth potential in this market and are always looking at new opportunities to serve our clients that will also be beneficial to our revenue and margin growth thereby building shareholder value.” The following highlights are indicative of the future market growth opportunities in the home improvement vertical: Per IBIS World, roofing is the 16th largest vertical in the construction industry; at $102 billion in the Americas and is forecast to grow to $156 billion by 2030 (per Morrissey Construction).There are presently over one hundred thousand roofing companies in the US which represents a sizeable market opportunity for Logiq.The search term “roof repair” reached its highest volume ever last year, reaching more than 200% the fifteen-year average that preceded 2021. About LogiqLogiq Inc. is a U.S.-based provider of e-commerce and digital customer acquisition solutions by simplifying digital advertising. It provides data-driven, end-to-end marketing through its results solution or providing software to access data by activating campaigns across multiple channels. Connect with Logiq: Website | LinkedIn | Twitter | Facebook The Company’s Digital Marketing business includes a holistic, self-serve ad tech platform. Its proprietary data-driven, AI-powered solutions allows brands and agencies to advertise across thousands of the world’s leading digital and connected TV publishers. Important Cautions Regarding Forward Looking StatementsThis press release contains certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the Safe Harbor created by those sections. This press release also contains forward-looking statements and forward-...