Inc. (TSX:PER) ("Perk" or the "Company"), a leading cloud-based mobile rewards platform provider, announced today that with the completion of the acquisition of AppRedeem combined with Perk's strong organic growth, the Company has reached the significant milestones of over $20 million paid in Perk Rewards and over 10 million installs of Perk apps. As of December 31, 2014, the Company had achieved 5 million app installations and had paid over $10 million in Perk Rewards to its members.

Ted Hastings, Chief Executive Officer of Perk, stated: "We are thrilled to achieve these numbers. A large registered user base is compelling and we are pleased to achieve this milestone, but even more compelling is the scale of rewards across our platform which is a true sign of an engaged user base. In the months ahead, we will continue to maximize our growth potential across all platforms of our business. We fully expect this momentum to continue through our vast array of quality mobile applications and websites; the build out of our Appsaholic SDK and the expansion of recently acquired AppTrailers. In addition, management will continue to seek out strategic acquisitions that provide solid returns and drive value for our shareholders. We view reaching these milestones in the amount of time that we have as tangible evidence that our multi-pronged growth strategy is on the right track and as we continue to expand our user base and broaden the recognition of the Perk brand, we are confident that this is only the beginning of our success."

About Inc.

Perk provides a rewards platform targeting consumers primarily by rewarding 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:

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; Perk's ability to successfully enter new business areas and geographic markets; and success of new products developed by Perk and Perk's ability to retain key members of its management team.

View source version on

Copyright Business Wire 2010