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Goldman Small Cap Research Initiates Coverage of Rewards Nexus, Inc.
Goldman Small Cap Research Initiates Coverage of Rewards Nexus, Inc..
About this update from Metawells Oil & Gas Inc.
[{"type":"text","content":"\n \n \n Goldman Small Cap Research Initiates Coverage of Rewards Nexus, Inc.\n \n \nGoldman Small Cap Research Initiates Coverage of Rewards Nexus, Inc.\n \n BALTIMORE, MARYLAND--(Marketwired - Nov 4, 2013) - Goldman Small Cap Research, a stock market research firm focused on the small cap and micro cap sectors, announced today that it has initiated research coverage of Rewards Nexus, Inc. (OTC Pink: ERNI), whose Earn IQ Inc. subsidiary is currently running an innovative -- first of its kind -- rewards program in the U.S. serving restaurants in the New York area with combined services of online food ordering and in-store dining rewards.\n Rewards Nexus is poised to change the face of the loyalty management and rewards industry. The size of the loyalty and rewards market is huge. ACI Worldwide estimates that the total value of all loyalty rewards and points stands at $48 billion. According to the National Restaurant Association state statistics, there are over 42,000 restaurants in New York alone, which is ERNI's initial target market.\n Following a six-month beta test, the Company's Earn IQ subsidiary has officially launched its innovative rewards program with tremendous results. Earn IQ's unique loyalty program currently serves hundreds of restaurants in the New York area with combined services of online food ordering and in-store dining rewards. Earn IQ has amassed 2,000 members in short order due to its clever Endless Rewards program which is a key, driving differentiator in the market. Diners can earn back an industry-leading 5-9% of their total bill.\n In the Goldman Opportunity Research report on the Company, analyst Rob Goldman outlines his investment thesis. \n \"Rewards Nexus subsidiary Earn IQ has a brilliant model that is compelling for merchants and consumer alike. Therefore, we believe ERNI will experience exponential membership and revenue growth over the coming quarters as it penetrates its current target markets during Q4, typically the industry's most important season. Moreover, we believe that the company may be the only pure play membership rewards stock of its kind focused on the lucrative combined services of online food ordering and in-store dining rewards.\"\n This press release contains excerpts of our most recently published research report on WhereverTV. To view the sponsored research report,...