Engagement Labs Inc. Ranks in the “2015 TSX Venture 50”
TORONTO, ONTARIO–(Marketwired – Feb. 11, 2015) - Engagement Labs Inc (TSXV:EL) is pleased to announce that the Company has achieved a ranking in the 2015 TSX Venture 50, from over 1,900 companies listed on the TSX Venture Exchange.
The TSX Venture 50 is a ranking of the prior year’s top performers on the TSX Venture Exchange, spanning the Clean Technology, Diversified Industries, Mining, Oil & Gas and Technology & Life Sciences sectors. These emerging companies have shown strong results in key measures of market performance. The ranking is comprised of ten companies from each of the five industry sectors and is based on four equally weighted criteria: market capitalization growth, share price appreciation, trading volume and analyst coverage.
"After becoming Chairman in January 2014, we undertook a complete transformation of the Company which included changing the Company's name to Engagement Labs, launching eValue - our flagship cloud-based SaaS offering -, completing two financings, recruiting top flight Board members, recruiting our unique 'Founders Steering Team' consisting of established global marketing executives and, importantly, recruiting proven experienced senior executives including our CEO, CMO and Head of Sales" noted G. Scott Paterson, Engagement Labs Chairman of the Board.
"The Company is now poised to aggressively market our eValue suite of analytics tools and our value-added service capabilities to global brands", Paterson continued. "This month alone both Forbes and Bloomberg referred to Engagement Labs' analytics in articles about Brand social media marketing, affirming our view that our eValue Scoring system has the potential to become the industry standard," he added.
"At the same time, investors are increasingly taking notice our story and we are pleased to be included in the 2015 TSX Venture 50", Paterson concluded.
In other news, the company reports that it had cash on its balance sheet as of December 31, 2014 of approx. $2.3 million. The company believes that revenue for the year ended December 31, 2014 (excluding the Edu Performance unit which was divested at year end) was approximately $2,035,000. In addition, the company believes that its revenue for 2015 will meet or exceed the forecasted revenue of $3.8 million included in a recently published research report. The company also reports that it could not come to mutually agreeable terms with former CEO Paul Allard to remain with the company as Chief Innovation Officer following a recent leadership change. Mr. Allard will remain on the Board of Directors of the company.
About Engagement Labs
Engagement Labs' eValue™ Score is the global benchmark for social media scoring. eValue Analytics Pro, an enterprise-grade social media analytics platform, scores brands between 1-100. eValue measures brands' social media and digital marketing efforts. It's composed of a series of metrics and KPIs, among them: Engagement, Responsiveness and Impact, benchmarked against 75,000+ handpicked and verified brands.
Engagement Labs (TSXV:EL) offers intelligent social data, analytics and insights for organizations that are actively engaging on social networks. Offered as a SaaS or through an API, the eValue™ analytics platform allows brands to measure and maximize the effectiveness of their social media marketing campaigns, as well as measure that of their competitors across major social networks Facebook, Twitter and YouTube. Engagement Labs maintains offices in Toronto, Montreal and Paris. www.engagementlabs.com / www.eValueanalytics.com
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