Datable Technology Corporation announced that it signed an agreement (the "Agreement") on August 10, 2022, with a leading advertising agency to enable a marketing program for a global consumer goods company. The customer is the digital division of a leading advertising agency that has been licensing PLATFORM(3) since 2019 to host its loyalty and consumer data programs on behalf of global consumer good companies that accounted for over $1 million in revenues for Datable in 2021. The end user is a global consumer goods company that has been using PLATFORM(3) to implement marketing campaigns and collect consumer data for three of its 65 brands in 2021, accounting for over $500,000 in revenues for Datable in 2021.

This Agreement pays Datable approximately $380,000 in license and reward revenues and is scheduled to commence on November 1, 2022 and end on January 31, 2023. The gross margin on the revenues is expected to be less than Datable's gross margin of 43% in the first quarter of 2022 due to the product mix.