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SMS Masterminds, Publicly Traded as SpendSmart Networks, Inc. announces the return of its United States Veteran’s Savings Initiative “Heroes Among Us”

SAN LUIS OBISPO, CA – Today SMS Masterminds announced the return of its United States Veteran’s recruitment initiative called “Heroes Among Us.” In 2013, SMS Masterminds unveiled its first Veteran’s program providing financial discounts and incentives to current and discharged Veterans. One of that programs participants, Lt. Commander (Ret.) Patti Mitrowski of the United States Coast Guard recently celebrated her third anniversary of becoming a Mastermind and had this to say about the program, “SMS Masterminds is serious about its support and training and has always been there for me and Veteran’s like me in the network.”

SMS Masterminds, provides proprietary loyalty systems and a suite of digital engagement and marketing services that help local merchants build relationships with consumers and drive revenue. “We are excited about welcoming more Veterans into our family of employees and licensees,” said CEO Luke Wallace. The renewed program will offer financial incentives of up to $7,000 to qualified Veterans seeking to become a certified Mastermind in an exclusive territory. Participation in the program is limited to ten accepted applicants that will be recruited through various search initiatives. Hallmarks of the program are performance-based rewards that will help offset the initial investment of $28,800 paid by new licensees at the inception of their initial contract.

“The team at Masterminds is thrilled to welcome more heroes among us. Veterans bring incredible leadership and a mindfulness of service to our network, both of which are GREAT for business,” added SMS Masterminds Chief Revenue Officer Charles Neale Gerencser.

Contact: Luke Wallace, CEO luke@smsmasterminds.com +1 877-541-8398

About SpendSmart

SpendSmart Networks (OTC: SSPC) 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.

Forward Looking Statements

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 August 12, 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.

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