- Enhanced scale and increased user base in the mobile rewards space
- Acquisition of a leading brand in the mobile rewards ecosystem
- Additional revenue and cost synergies are expected to enhance accretion to Perk shareholders
- Inclusion of accomplished highly skilled technical professionals to Perk's management team
Sheffield Nolan, Founder and Chief Executive Officer of AppRedeem, commented: "The mobile rewards space is rapidly expanding and we have grown AppRedeem to the point where we are ready to broaden our reach. We considered going the course alone but with Perk, as an initial competitor of our business with a similar vision focused on complementary markets and publicly traded, it made sense to join forces and create a stronger company. We believe this transaction will further accelerate our growth and are proud to be a part of the Perk team."About Perk.com Inc. Perk provides a rewards platform targeting consumers primarily by rewards for people's every day mobile and internet activities. Perk offers Perk Points, a digital reward which can be redeemed for gift cards and cash. Members can earn Perk Points through a wide variety of activities including shopping, watching videos, and playing social games. Perk currently owns and operates 12 mobile applications allowing members to earn Perk Points. Perk also operates numerous owned websites as well as AppTrailers, a leading mobile video rewards app. In addition to offering Perk Points through its own mobile applications and websites, Perk launched its Appsaholic Software Development Kit which allows mobile and desktop publishers to reward their users with rewards, such as gift cards, for engaging with the publisher's applications and websites. Additional information about Perk can be found at its corporate website: ir.perk.com. Cautionary Statement Regarding Forward Looking Statements This press release contains forward-looking statements, including with respect to Perk's business, Perk's ability to grow its active consumer base; user and advertiser engagement; Perk's ability to establish new marketing partnerships; Perk's ability to expand into new markets; and Perk's ability to acquire and integrate new businesses and technologies. Such forward-looking statements reflect Perk's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. When used herein, the words "anticipate", "believe", "estimate", "upcoming", "plan", "target", "intend" and "expect" and similar expressions, as they relate to Perk or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to Perk and are subject to a number of risks, uncertainties, and other factors that could cause Perk's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements, including, but not limited to: maintenance by Perk of relationships with advertising network providers and partners; successful development of the "Perk" brand; Perk's ability to keep up with rapid technology developments in Perk's markets; Perk's ability to avoid defects in products and services delivered by Perk; Perk's ability to attract app and website developers to its Appsaholic SDK; and Perk's ability to successfully enter new business areas and geographic markets; success of new products developed by Perk and Perk's ability to retain key members of its management team.