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Office Depot, Inc. Joins Pocket Points as Official National School Supply Retailer for App Rewarding College Students Who Stay off Their Phones

Students Can Redeem Special Savings on School Supplies and Dorm Room Furniture by Unplugging During Class and Study Time

Category:

Thursday, September 8, 2016 9:00 am EDT

Dateline:

BOCA RATON, Fla.

Public Company Information:

NASDAQ:
ODP
US6762201068
"This is a win-win for users of the app and our company to reach students on this popular platform. In addition to helping students maintain good classroom habits throughout the year, Office Depot wants to provide them with access to savings on the gear they need to succeed."

BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (NASDAQ: ODP), a leading global provider of office products, services, and solutions, through its Office Depot and OfficeMax brands, today announced it is the sole national school and office supply retailer with Pocket Points, an app that rewards students for refraining from using their phones during class and offers savings with retailers.

College students are more distracted than ever, spending 20 percent of class time using digital devices for unrelated activities, according to a 2013 University of Nebraska-Lincoln study.

“Office Depot’s exclusive partnership with Pocket Points furthers our commitment to finding new and innovative ways to help students utilize technology to succeed in the classroom,” said Diane Nick, senior vice president of marketing for Office Depot, Inc. “This is a win-win for users of the app and our company to reach students on this popular platform. In addition to helping students maintain good classroom habits throughout the year, Office Depot wants to provide them with access to savings on the gear they need to succeed.”

When students open the app on campus and lock their phones, they start earning points that can be redeemed directly through the app or online to save money on school and dorm supplies online at officedepot.com.

"Pocket Points and Office Depot have formed a partnership in providing the tools for students to succeed. Our team is elated to be working closely with a company of Office Depot's caliber. Pocket Points’ mission has always been to provide value to students and merchants. This partnership will enhance the experience on all fronts,” said Mitch Gardner, co-founder and chief operations officer of Pocket Points.

Office Depot will be available in 45 of Pocket Points’ markets including but not limited to: Auburn University, University of Colorado-Boulder, Pennsylvania State University and Texas A&M University.

About Office Depot, Inc.

Office Depot, Inc. is a leading global provider of products, services, and solutions for every workplace – whether your workplace is an office, home, school or car.

Office Depot, Inc. is a resource and a catalyst to help customers work better. We are a single source for everything customers need to be more productive, including the latest technology, core office supplies, print and document services, business services, facilities products, furniture, and school essentials.

The company has annual sales of approximately $14 billion, employs approximately 49,000 associates, and serves consumers and businesses in 59 countries with approximately 1,800 retail stores, award-winning e-commerce sites and a dedicated business-to-business sales organization – all delivered through a global network of wholly owned operations, franchisees, licensees and alliance partners. The company operates under several banner brands including Office Depot, OfficeMax, Grand & Toy, and Viking. The company’s portfolio of exclusive product brands include TUL, Foray, Brenton Studio, Ativa, WorkPro, Realspace and HighMark.

Office Depot, Inc.’s common stock is listed on the NASDAQ Global Select Market under the symbol ODP. Additional press information can be found at: http://news.officedepot.com.

About Pocket Points

Founded in 2014 at Chico State University, Pocket Points has quickly become the "Must-have" mobile application for college students. By creating a rewards platform that influences students to lock their phones in class, Pocket Points has created a Win-Win-Win product. Students, businesses, and teachers have all become major advocates of the mobile app, which has enabled Pocket Points to grow organically. The positive reinforcement method has resonated with High School and College students, as a more effective way of influencing desired outcomes. The team is continuing to open up additional schools and merchants, with the goal of enabling more users the ability to benefit from the application.

Contact:

Office Depot, Inc.
Julianne Embry, 561-438-1451
julianne.embry@officedepot.com
or
Sarah England, 561-438-1448
sarah.england@officedepot.com