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Hello Traders,
Who doesn’t like a hot deal and a reward?
Well ERNI is could be just that…and that is exactly what they do!
ERNI operates in the loyalty/rewards industry in the United States.
Did you know that that the loyalty reward industry is booming Multi Billion Dollar Industry!
In addition to ERNI rewards based program the company has a subsidiary called Earn IQ Inc.
Earn IQ allows consumers to order food online from their favorite restaurants, but also offers a way for them to save money every time, on both online and in-store food orders, with their innovative loyalty platform.
The company is currently running an innovative first of its kind reward program in the US, serving restaurants in the New York area with combined services of online food ordering and in-store dining rewards.
In addition, it provides consumers with unique opportunities to interact and engage with flexible online and mobile products.
Online food delivery is a huge industry and this is a subsidiary that could push ERNI to the top fast.
About 69 percent of consumers order food online using a mobile device, according to a new study by the Interactive Advertising Bureau.
The excitement and buzz around the OTC investor’s community is ERNI’s expansion by entering their sales force into the Chinese market.
The recent press release sums up that excitement; ERNI recently announced that it has entered into a non-binding letter of intent (LOI) with Hotdeal Asia Limited (HotDeal) which outlines the general terms and conditions pursuant to which Rewards Nexus and HotDeal will negotiate the forming of a Joint Venture for combining business operations.
HotDeal is a Hong Kong based company, which was created to provide restaurants with an innovative platform, which will communicate and publish real-time and instant offers to nearby consumers.
Hong Kong has a predominantly service-based economy, and restaurant businesses serve as a main economic contributor. With the third, most dense population per square meter in the world and a population of 7 million, Hong Kong is host to an intense restaurant industry competition. Due to its small geographical size, Hong Kong contains a high number of restaurants per unit area.
"Hong Kong is a world city. It is one of the largest cities in Asia with over 40,000 restaurants. A potential partnership with HotDeal will develop and grow our business across Asia. In the future, there will be more detailed information about our partnership to be announced. We are hopeful that a final agreement can be reached, and look forward to working with HotDeal in the future," said Nikolaos Mangas, President and Treasurer of Rewards Nexus Inc."
Read the full press release here:
http://finance.yahoo.com/news/rewards-nexus-announces-letter-intent-130000200.html
Over the past six months ERNI has been actively swinging, even doubling its price over the course of days or weeks. Make sure tomorrow to watch for positive momentum and avoid heavy gap-ups!
About ERNI – Rewards Nexus Inc.
(Current PPS. $.13)
Rewards Nexus Inc., through its subsidiaries, operates in the loyalty/rewards industry in the United States. It offers the Earn IQ rewards program, a marketing solution for small to medium sized businesses that allows consumers to purchase items either online or physically from participating retailers in the Earn IQ network and earn points based on their total bill, primarily focusing on the dining and entertainment sector. The company also provides consumers with opportunities to interact and engage with online and mobile products; and develops gift card processing solutions. It primarily focuses on various business sectors, including the customer loyalty management market, the gift card industry, the online food ordering industry, and the marketing consulting industry.
About Earn IQ Inc.
Earn IQ Inc. is a B2B and B2C company offering a consumer loyalty platform coupled with marketing and advertising services for various industries. The company is currently running an innovative -- first of its kind -- rewards program in the US, serving restaurants in the New York area with combined services of online food ordering and in-store dining rewards. In addition, it provides consumers with unique opportunities to interact and engage with flexible online and mobile products.
MARKET OUTLOOK
"Three decades after the inception of the modern frequent flyer program, the rewards industry is ripe for a transition from a culture of accumulation to one of realization in the fullest sense," said Nancy Gordon, Chief Operating Officer of SWIFT EXCHANGE. "That means helping consumers make rewards-based purchases as easily as they buy anything else in their daily lives. To accomplish this, marketers will need a transformational tool that can translate rewards and points into real mind share.”
Rewards Nexus grows through acquisitions and cooperative agreements with companies that have high potential and capabilities of achieving sustainable growth, resulting in a rapidly acquiring market share.
Online food delivery is growing again after furtive entrepreneurial efforts during the Internet boom. And one of the safer bets in the food business has to be on the automation of putting food in American stomachs.
According to a study by the National Restaurant Association, 39% of consumers say they would use electronic ordering to buy meals if it were available. That, perhaps prompted 55% of restaurant owners in the same study to say electronic payment systems, essential to online ordering, will become more important to the industry.
Registered Earn IQ members are able to collect points based on their total bill for purchases in-store. They can choose to pay in every possible way: cash, by CC, or by-even better with their accumulated Earn IQ points. Points can be redeemed at any participating store-it's an Earn IQ wallet!
Digital food delivery has exploded into a revenue juggernaut, slicing a massive chunk from the $632 billion in annual restaurant sales. Digital Delivery is booming With More Than $875 Million In Sales.
INVESTOR HIGHLIGHTS
ERNI has a massive trading range and a 52-week high of $0.43 PPS! At the current level at $.13 it appears that a bounce could be immanent.
ERNI is currently running an innovative first of its kind reward program in the US, serving restaurants in the New York area with combined services of online food ordering and in-store dining rewards and is now planning on expanding that innovation to the Chinese market.
According to the Interactive Advertising Bureau, 69% of consumers order food online using a mobile device. This makes sense considering there's over a billion people on the internet and it's sometimes much easier to place orders when we can read them back to ourselves in front of us.
ERNI is also planning to enter the huge Chinese market.
ERNI & HotDeal is a Hong Kong based company, which was created to provide restaurants with an innovative platform, which will communicate and publish real-time and instant offers to nearby consumers.
The news that they’re aggressively looking to expand into the Chinese market gives the potential for this stock to possibly be on the rise, yet again!
Bottom line here is; ERNI could be the jackpot message that we hope to get every time we crack open a fortune cookie. Remember before you put this in your investment queue do your own diligent research.
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