Loop Insights Inc. (MTRX: TSXV) (RACMF: OTCQB) (the 'Company' or 'Loop'), a provider of contactless solutions and artificial intelligence ('AI') to drive real-time insights, enhanced customer engagement and automated venue tracing to the brick and mortar space, is pleased to announce the signing of a Letter Of Intent ('LOI') to acquire Passcreator, a leading European digital wallet and mobile marketing company with Tier-1 clients such as Mercedes-Benz and BMW. The acquisition is expected to be completed by late January or early February 2021, subject to customary due diligence and Exchange approvals.

About Passcreator

Passcreator is a brand of mediahelden GmbH. Our goal is to offer state of the art mobile marketing with modern technology. First and foremost we do this by distributing mobile wallet passes to the wallet apps on iOS or Android. Our particular strength lies in the fact that we integrate into existing processes. Passcreator is used by various market leaders worldwide in a variety of markets and industries, predominantly in the white label version. Passcreator has been on the market since 2012, which makes us one of the most experienced market participants.

About Loop

Loop is a Vancouver-based Internet of Things ('IoT') technology company that delivers transformative artificial intelligence ('AI') automated marketing, contact tracing, and contactless solutions to the brick and mortar space. Its unique IoT device, Fobi, enables data connectivity across online and on-premise platforms to provide real-time, detailed insights and automated, personalized engagement. Its ability to integrate seamlessly into existing infrastructure, and customize campaigns according to each vertical, creates a highly scalable solution for its prospective global clients that span industries. Loop Insights operates in the telecom, casino gaming, sports and entertainment, hospitality, and retail industries, in Canada, the US, the UK, Latin America, Australia, Japan, and Indonesia. Loop's products and services are backed by Amazon's Partner Network and sold through the TELUS IoT Marketplace.

Contact:

Tel: +1 877-754-5336

Cautionary Disclaimers

This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction. Any securities referred to herein have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to a U.S. Person absent registration or an applicable exemption from the registration requirements of the United States Securities Act of 1933, as amended, and applicable state securities laws.

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