Snipp Interactive Inc. Executes Share Purchase Agreement to Acquire Customer Loyalty Management Subsidiary of Swiss Post Solutions

BETHESDA, MARYLAND–(Marketwired – Jan. 5, 2015) – Snipp Interactive Inc. (TSX VENTURE:SPN) (“Snipp”), an international provider of mobile marketing solutions listed on the TSX Venture Exchange (Trading Symbol: SPN), announces that it has entered into a share purchase agreement (the “Purchase Agreement”) with Post CH Ltd. (“Swiss Post”) dated January 2nd, 2015, pursuant to which Snipp has agreed to acquire (the “Acquisition”) all of the issued and outstanding shares of Swiss Post Solutions Ireland Limited (“Swiss Post Ireland”).

The Acquisition is expected to close on or about January 31, 2015 and will be financed from Snipp’s current cash reserves. The acquisition is expected to contribute upwards of $1.5MM in revenue for FY 2015 and generate positive Net Income. The parties have agreed not to disclose the acquisition price publicly.

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