|By Marketwired .||
|March 3, 2014 09:15 AM EST||
NEW YORK, NY -- (Marketwired) -- 03/03/14 -- Rewards Nexus Inc. (OTC Pink: ERNI) announced today that they are in discussion with Chinese investors and entrepreneurs to identify potential expansion opportunities into the Chinese market.
As a first step into a long-term strategy to pursue the Chinese market, Rewards Nexus is conducting in-depth market research and attempting to identify counterpart businesses and state-run operators with the intent of forming partnerships.
Loyalty/Rewards programs are a relatively new concept in China and have been welcomed with enthusiasm by the younger generation. Chinese marketing experts also speak highly of the growing interest in building and mining customer databases, as well as creating stronger relationships with consumers. Given that China is well on its way to becoming the world's second-largest consumer market, Rewards Nexus believes there is room to grow and attract a large part of this market.
"China is a huge country and offers numerous opportunities to expand a business; it's also the future of consumption. Entering China may be a major challenge, but also a tremendous opportunity for companies like Rewards Nexus to become more competitive and influential in the future. We will first weigh out our options, and then proceed to grasp the complexities of this market such as the rapid changes that are occurring, the administrative processes, the legal constraints and cultural practices," said Nikolaos Mangas, President and Treasurer of Rewards Nexus.
About Rewards Nexus Inc.
Rewards Nexus offers U.S. retailers innovative loyalty solutions including rewards and gift card programs, along with emerging marketing strategies aimed at consumers. 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. The Company builds key strategies for its subsidiaries while providing financing and operational business support.
Issued by Rewards Nexus Inc.
This document was produced by and the opinions expressed are those of Rewards Nexus Inc. as of the date of writing and are subject to change without obligation to update. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of Rewards Nexus Inc. to any person to buy or sell any security. Any reference to past performance is not a guide to future performance. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable, but Rewards Nexus Inc. does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.
This release may contain forward-looking statements, including, without limitation, statements containing the words "believes", "anticipates", "expects", "intends", "plans", "seeks", "estimates", "may", "will", "could", "stands to" and "continues", as well as similar expressions. Such forward-looking statements may involve known and unknown risks, uncertainties and other factors which might cause the actual results, financial condition, performance or achievements of Rewards Nexus Inc., or industry results, to be materially different from any historic or future results, financial conditions, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, the reader is advised not to place any undue reliance on such forward-looking statements. These forward-looking statements speak only as of the date of publication of this document. Rewards Nexus Inc. expressly disclaims any obligation to update any such forward-looking statements in this document to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based, unless required by law or regulation.
For further information in this release please contact
Mrs. Vasiliki Anagnostou
Rewards Nexus Inc.
e-mail: [email protected]
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