2015 Q3 Revenue of $1.7 Million up From $839k in Q2 Resulting in a 108% Sequential Quarterly Growth

TORONTO, ON--( Nov 24, 2015) -  Technology and data company Engagement Labs Inc. (TSX VENTURE: EL), creator of the eValue™ score, is pleased to report that for the quarter ended September 30, 2015, revenue increased to $1.74 million, an increase of 108% compared to the $839,000 recorded in the second quarter ended June 30, 2015. The Company's business achieved 15.1% sequential quarterly growth due primarily to the signing of an eValue contract and other technology-related services with a large global retailer. The balance of the revenue growth was attributed to the acquisition of Keller Fay Group in July 2015. Gross profit margin was 41% for Q3 2015 compared to 27% for Q2 2015.

The acquisition of the Keller Fay Group has resulted in the companies combining strengths and intellectual property to create the world's first Total Social™ measurement score, which combines Engagement Labs' eValue ('owned' social media metrics) and Keller Fay's Word of Mouth ('earned' social media metrics).

"Through the acquisition of Keller Fay Group, Engagement Labs will offer an integrated online and offline point of view for social media measurement and become a one-stop-shop for clients. 'Total Social' will deliver brands, agencies, and publishers/broadcasters with unique insights into their marketing activities, competitive bench marketing, extended reach, and results," said Bryan Segal, CEO at Engagement Labs.

Net loss for the quarter ended September 30, 2015 was $1.89 million compared to $2.1 million for Q2 2015. Adjusted EBITDA¹ loss from continuing operations for the quarter ended September 30, 2015 was $1.27 million compared to $1.19 million for Q2 2015. Basic and diluted loss per share was $0.04 for the quarter ended September 30, 2015 compared to $0.05 for Q2 2015. Engagement Labs had $4.6 million of cash as of September 30, 2015.

"The Keller Fay Group is excited about the opportunity our company has as we joined an innovative and forward thinking company to provide current and new clients with a 'Total Social' understanding of their brand," said Ed Keller, CEO at Keller Fay Group and President at Engagement Labs. "Our team and client base are excited about the direction our combined company is headed and the innovative data and insights we provide brands, empowering them to derive the maximum efficiency and effectiveness from their marketing investment through social advocacy, both online and offline."

"As a company we see steady momentum in our business, from the successful launch of an integrated dashboard for a major global retailer, to our continued work with a California-based Fortune 60 client, to a recent contract win with a major automotive company. With the official launch of our 'Total Social' tool expected in the first quarter of 2016, we anticipate continual growth in our company, as we help brands across the globe solve their most pressing business and marketing challenges," noted Segal.