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SMS Masterminds, Publicly Traded as SpendSmart Networks, Inc. Announces Partnership With Sprint

SAN LUIS OBISPO, CA — (Marketwired) — 08/11/16 — SpendSmart Networks, Inc. (OTCQB: SSPC) dba “SMS Masterminds,” announced today its partnership with Sprint and Samsung to provide 3G-enabled tablets to small businesses for use with its innovative mobile marketing services.

With over 5,000 small businesses using its services, SMS Masterminds is improving its proprietary loyalty platform with upgraded technology via a partnership with Sprint utilizing Samsung tablets.

“By partnering with Sprint, our Samsung tablets will fall back to 3G connectivity for those businesses that don–t have WiFi or strong WiFi signals ensuring connectivity and increasing ease of use for merchant clients,” says Louis Camassa, VP of Product at SMS Masterminds.

SMS Masterminds– cloud-based marketing platform includes a loyalty check-in system that uses a customer–s mobile number to reward them for visits eliminating less efficient loyalty punch cards, apps, and key fobs. A key component to SMS Masterminds loyalty program is a customer facing tablet which services as the engagement interface and basis for the loyalty system. By partnering with Sprint and utilizing Samsung–s Knox Configurator, which allows for custom configuration of all elements of the loyalty tablet hardware, SMS Masterminds is enhancing the efficiency and customer experience provided by their merchant network.

Luke Wallace, CEO

+1 877-541-8398

SpendSmart Networks provides proprietary loyalty systems and a suite of digital engagement and marketing services that help local merchants build relationships with consumers and drive revenue. These services are implemented and supported by a vast network of certified digital marketing specialists, aka “Certified Masterminds,” who drive revenue and consumer relationships for merchants via loyalty programs, mobile marketing and website development. Consumers– dollars go further when they spend it with merchants in the SpendSmart network of merchants, as they receive exclusive deals, earn rewards and ultimately build a connection with their favorite merchants.

Certain statements in this release are forward-looking statements under the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about SpendSmart–s products, the number of merchants utilizing its services, its future financial results and performance, costs and revenue, and other statements that are not historical in nature, particularly those that utilize terminology such as “plans,” “anticipates,” “will,” “proposed,” “may,” “expects,” “future,” “continue,” “show promise,” other words of similar meaning, derivations of such words and the use of future dates. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Risks and uncertainties may cause SpendSmart–s actual results to be materially different than those expressed in or implied by such forward-looking statements. Particular risks and uncertainties include, among others, uncertainties regarding licensee and subscriber acquisition, and achieving market acceptance, SpendSmart–s ability to develop other licenses; and other risks and uncertainties described in SpendSmart–s filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K for the fiscal year ended December 31, 2015 filed on April 15, 2016 with the SEC and the quarterly report on Form 10-Q filed on May 24, 2016. All forward-looking statements in this release speak only as of the date of this release and are based on SpendSmart–s current beliefs and expectations. SpendSmart undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Luke Wallace

+1 877-541-8398

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