NEW YORK, Sept. 07, 2022 (GLOBE NEWSWIRE) — Logiq, Inc. (OTCQX: LGIQ), a supplier of digital shopper acquisition options, right this moment introduced its entry into the roofing market to develop its presence in the house enchancment market.
“I am thrilled about our roofing industry expansion, as our team has worked hard to develop and add this vertical to our home improvement offering,” mentioned Brent Suen, Chief Executive Officer. “We’re excited about the growth potential in this market and are always looking at new opportunities to serve our clients that will also be beneficial to our revenue and margin growth thereby building shareholder value.”
The following highlights are indicative of the future market progress alternatives in the house enchancment vertical:
- Per IBIS World, roofing is the sixteenth largest vertical in the building business; at $102 billion in the Americas and is forecast to develop to $156 billion by 2030 (per Morrissey Construction).
- There are presently over 100 thousand roofing corporations in the US which represents a sizeable market alternative for Logiq.
- The search time period “roof repair” reached its highest quantity ever final yr, reaching greater than 200% the fifteen-year common that preceded 2021.
About Logiq
Logiq Inc. is a U.S.-based supplier of e-commerce and digital buyer acquisition options by simplifying digital promoting. It gives data-driven, end-to-end advertising and marketing by means of its outcomes answer or offering software program to entry knowledge by activating campaigns throughout a number of channels.
Connect with Logiq: Website | LinkedIn | Twitter | Facebook The Company’s Digital Marketing business features a holistic, self-serve advert tech platform. Its proprietary data-driven, AI-powered options permits manufacturers and businesses to promote throughout hundreds of the world’s main digital and related TV publishers.
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This press launch incorporates sure forward-looking statements and knowledge, as outlined inside the that means of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is topic to the Safe Harbor created by these sections. This press launch additionally incorporates forward-looking statements and forward-looking data inside the that means of Canadian securities laws that relate to Logiq’s present expectations and views of future occasions. Any statements that categorical, or contain discussions as to, expectations, beliefs, plans, aims, assumptions or future occasions or efficiency (usually, however not all the time, by means of the use of phrases or phrases akin to “will likely result”, “are expected to”, “expects”, “will continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, “projection”, “strategy”, “objective” and “outlook”) usually are not historic details and could also be forward-looking statements and will contain estimates, assumptions and uncertainties which might trigger precise outcomes or outcomes to vary materially from these expressed in such forward-looking statements. No assurance may be on condition that these expectations will show to be right and such forward-looking statements included on this press launch shouldn’t be unduly relied upon.
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