10:12:20 EDT Wed 12 Jun 2024
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or Name
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Perk Labs Inc
Symbol PERK
Shares Issued 192,975,860
Close 2022-05-16 C$ 0.025
Market Cap C$ 4,824,397
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Perk Labs trials Digital Dine-in with restaurant chain

2022-05-16 17:16 ET - News Release

Mr. Jonathan Hoyles reports

PERK LABS REPORTS ON RESTAURANTS CANADA SHOW AND SIGNS LETTER OF INTENT

Perk Labs Inc. has released the results of its exhibition at the Restaurant Canada Show.

"We were thrilled to showcase the power and efficiency of our 'Digital Dine-in' solution and comprehensiveness of our custom branded app offering to restaurant owners and chains from across Canada at the RC Show," said Perk chief executive officer Jonathan Hoyles. "The high level of interest we received from chains, both large and small, confirms the demand in the marketplace for both QR-code-based ordering and custom branded apps. As we emerge from the pandemic and consumers begin to dine out more often, we expect more and more restaurants to invest in technology to increase their efficiency and directly connect and engage with their customers. Over the coming weeks, we expect our team to be busy with a full slate of demonstrations and meetings as we follow up on prospective sales generated from our exhibition at the RC Show."

Perk also announced that on May 5, 2022, it entered into a letter of intent to trial its Digital Dine-in solution with a restaurant group owning several prominent brands with a combined 122 restaurant locations across Canada. Pending the results of the trial, Perk will provide more information in a future press release.

"Signing this letter of intent signifies the demand from enterprise and chain locations for our Digital Dine-in ordering and payment solution. Our digital product will help solve the crippling labour shortage and the skyrocketing inflation, on top of the standard challenges the restaurant industry is currently facing," says Perk interim vice-president of sales, Justin Strange: "We've invested considerable time and effort into our web-based Digital Dine-in product over the last several weeks to polish the look and flow. We are now better positioned to exceed the expectations of our prospective customers and franchisees as we embark on our results-driven sales campaign, 'Restaurant Rescue.' It is our intention to rapidly pursue restaurants and restaurant chains, large and small, to take advantage of the incredible speed and cost savings provided by our product."

Perk Labs also announced today the signing and launch of its Digital Dine-in solution at the House of Dosas, one of Vancouver's most popular South Indian restaurants. House of Dosas was previously a client of Sunday App, a competitor that also provides QR code ordering and payment services for restaurants.

About the RC Show

Canada's leading food-service and hospitality event showcasing cutting-edge products, pioneering people and transformative ideas. Attendees can shop, taste, learn, connect and grow their business with multiple days of business-building action, including featured areas, competitions, workshops and RC hospitality week events tailored to educate, motivate and lead the industry. The RC Show includes the latest trends, a dynamic selection of innovative products, and influential speakers assembled from around the globe, designed to help operators grow their businesses. An annual event not to be missed. Learn more about the show on-line.

About Restaurants Canada

Restaurants Canada is a national not-for-profit association advancing the potential of Canada's diverse and dynamic food-service industry through member programs, research, advocacy, resources and events. Before the start of the COVID-19 pandemic, Canada's food-service sector was a $95-billion industry, directly employing 1.2 million people, providing Canada's No. 1 source of first jobs and serving 22 million customers across the country every day. The industry has since lost hundreds of thousands of jobs and billions in sales due to the impacts of COVID-19.

About Perk Labs Inc.

Perk Labs is the owner of Perk Hero, the mobile commerce platform on a mission to empower business owners with the digital tools to provide their customers with experiences that are more engaging, convenient and rewarding. Perk Hero is growing through a unique community-driven digital franchise business that is available to entrepreneurs at an attractive start-up price.

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