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INEO Provides Corporate Update

In This Article:

INEO Expanding Revenue Streams with Strategic Partnerships and Advanced AI Solutions

Surrey, British Columbia--(Newsfile Corp. - January 7, 2025) - INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF) (the "Company" or "INEO"), a leader in Retail Media, Loss Prevention, and Analytics, is pleased to provide a corporate update highlighting its ongoing growth initiatives and advancements.

Positioned for Growth in 2025

"2024 was a pivotal year where we raised capital and positioned INEO for accelerated growth in our core markets," stated Kyle Hall, CEO of INEO. "Our Retail Media revenue saw year-over-year growth of 48% and we are focused on accelerating this revenue stream in 2025. Additionally, we are forging strategic partnerships to bring brand new revenue streams to the Company through the sale and licensing of our INEO Welcoming Systems and subscriptions to our INEO Dashboard platform for content management, analytics and reporting. INEO is at heart a great software company and we are focusing on incorporating AI enabled features into our market leading technology and products."

INEO is building a diversified revenue model encompassing advertising sales, loss prevention products, INEO Welcoming System sales and licensing and subscription-based services. By leveraging these streams, the Company will concentrate resources on advancing its AI-driven features, including real-time analytics and enhanced loss prevention capabilities. INEO anticipates announcing key partnerships in the near future to further support its strategy.

INEO Expanding Revenue Streams with Strategic Partnerships and Advanced AI Solutions

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Key Initiatives Update

1. Financing Success

INEO secured $4 million in funding through Coenda Investment Holdings Corp., strengthening its financial foundation. This financing enables the Company to scale operations and invest in its core intellectual property including AI offerings and new subscription-based services.

2. Subscription Revenue - NEW

The INEO Dashboard, the advanced online platform powering the INEO Welcoming System, will become a primary revenue driver. Centralizing retail management's workflow into a single portal, the Dashboard sets INEO apart from competitors. Offering capabilities such as seamless over-the-air updates to in-store infrastructure, security event reporting with multi-angle video, store traffic analytics and AI-based insights into consumer behaviour, organized retail crime alerts (ORCA) and real-time content management, the Dashboard is the cornerstone of INEO's new subscription-based revenue model.