Perk Labs Provides Update on Custom Branded Apps

VANCOUVER, BC / ACCESSWIRE / July 11, 2022 / Perk Labs Inc. (CSE:PERK / OTCQB:PKLBF / FKT:PKLB) ("Perk Labs" or the "Company") the owner of Perk Hero, the digital franchise company helping businesses transition to the digital economy, today announced that it has completed the build of custom branded apps for Chun Fun How and SoyTalk and plans to launch them in the Apple App and Google Play stores this week.

"We built our robust restaurant technology on a modern tech stack and using best practices. Our platform is built to empower our restaurant clients with flexible and scalable solutions for their own custom branded application." said Gary Zhang, Perk's CTO, "At the same time, we've automated our platform and processes so that it takes minimal work from our development team to generate each new custom branded application within one day. Our platform is modular and truly plug-and-play. All we need to do is go through a simple set-up process where the restaurant can select which features they would like and customize the appearance of their app with their own brand and colours. This helps to keep costs low for both our customers and for Perk."

Perk's custom branded apps are built on the Perk Hero platform and leverage its downloadable merchant app, merchant web portal, and powerful features such as mobile ordering, contactless payment, digital wallets and loyalty.

The utility of custom branded apps is supported by a recent consumer data survey of U.S. restaurant customers who use some form of technology when ordering food found that 67% of respondents preferred using a restaurant's own app to websites or food delivery services.¹ Further, a recent State of the Industry Report from the National Restaurant Association states that: "many operators will devote their resources to online or app ordering, reservations, mobile payment, or delivery management, in addition to back-of-the-house technology."²

"Our work at Perk Labs is to help restaurateurs survive and thrive during challenging economic times" said Jonathan Hoyles, Perk's CEO, "We believe multichannel ordering, mobile payment and digital loyalty are the future for restaurants, and with the advancements in our digital dine-in, online ordering and custom branded app offerings we're excited for Perk Labs to take a bigger and bigger role in determining that future. Throughout 2022 we will continue to build out our ability to seize this opportunity by expanding not only our features, such as POS integrations, menu management versatility, and advancing our promotions and loyalty engine, but also our distribution channels and strategic partnerships. These investments are timely, as we expect the number of merchants using our platform to expand rapidly and their collective order volumes to continue to grow. In addition to the apps we've just completed, we also have a number of other restaurants in our sales pipeline that we expect to begin building apps for soon."

[1] https://www.statista.com/statistics/1243722/share-of-us-consumers-that-prefer-a-restaurant-s-app-or-website-for-delivery/
[2] https://restaurant.org/research-and-media/media/press-releases/association-releases-2022-state-of-the-restaurant-industry-report/

About Perk Labs Inc.

Perk Labs Inc. is the owner of Perk Hero, the digital franchise company helping businesses transition to the digital economy. Perk Hero provides restaurateurs with friendly and reliable digital ordering, payment and loyalty tools to help them survive and thrive in a difficult economic environment. Perk Hero is growing through a unique community-driven digital franchise business that is available to entrepreneurs at an attractive start-up price.

For more information, contact:

Jonathan Hoyles
CEO
(833) 338-0299
investors@perklabs.io

Forward-Looking Statements

Certain statements made in this press release may constitute "forward-looking information", "future oriented financial information" or "financial outlooks" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information may relate to anticipated events or results including, but not limited to: continuing to expand not only our existing features, but also our distribution channels and strategic partnerships, and that we expect the number of merchants using our platform to continue expanding rapidly and their collective order volumes to continue to grow, that we also have a number of other restaurants in our sales pipeline that we expect to begin building apps for soon, and information regarding our expectations of future results, targets, performance achievements, prospects or opportunities is forward-looking information. Often, but not always, forward-looking statements can be identified by the use of forward-looking terminology such as "may", "will", "expect", "believe", "estimate", "plan", "could", "should", "would", "outlook", "forecast", "anticipate", "foresee", "continue" or the negative of these terms or variations of them or similar terminology. Forward-looking information is current as of the date it is made and is based on reasonable estimates and assumptions made by us at the relevant time in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we believe are appropriate and reasonable in the circumstances. However, we do not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws in Canada. There can be no assurance that such estimates and assumptions will prove to be correct.

SOURCE: Perk Labs Inc.