SRAX (NASDAQ: SRAX), a digital marketing and consumer data management technology company, today announced the launch of its Stock for Ads Program, offering media solutions for stock payments as a way to help businesses engage with their customers or clients and preserve cash during this critical time. The current environment is forcing public companies to conserve cash while assessing business strategy opportunities and risks while, at the same time, people are spending more time at home and thus online. This presents a significant opportunity for companies to move marketing efforts to digital media in order to effectively reach and engage target audiences. The Stock for Ads Program allows companies to buy media on all marketing channels, including social media, display, email, and native. “We understand what it means to be a publicly traded company and we want to help businesses continue, not halt their marketing efforts,” Christopher Miglino, founder and CEO of SRAX, stated in the news release. “With our custom media plans, businesses can attract and engage customers with digital ads, covering expenses up to a year in exchange for stock of their company.”
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About SRAX
SRAX (NASDAQ: SRAX) is a digital marketing and consumer data management technology company. SRAX’s technology unlocks data to reveal brands’ core consumers and their characteristics across marketing channels. Monetizing its data sets, SRAX is growing multiple recurring revenue streams through its various platforms. Through its BIGtoken platform, SRAX has developed a consumer-managed data marketplace where people can own and earn from their data thereby offering everyone in the Internet ecosystem choice, transparency, and compensation. SRAX’s tools deliver a digital competitive advantage for brands in the CPG, investor relations, luxury, and lifestyle verticals by integrating all aspects of the advertising experience, including verified consumer participation, into one platform. For more information on SRAX, visit www.SRAX.com.
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