GroveWare Technologies' CEO Provides a Business Update to Shareholders and the Investment Community
TORONTO, Aug 20, 2013 (GLOBE NEWSWIRE via COMTEX) --
GroveWare Technologies Ltd. (OTCQB:GROV), is a global enterprise software company that specializes in the rapidly-growing Mobile Business Process Management (BPM) marketplace and is pleased to provide this update to its shareholders and the investment community. This release includes information about the Company's products, exposure to important new business development initiatives, an update about the channel and development partnerships, announcement of new corporate branding efforts, and a summary of corporate structure.
Hrair Achkarian CEO of GroveWare stated: "We are at a new and important stage in the execution of our strategy to deliver an extraordinarily robust and cost-effective mobile solution that allow GroveWare's customers to quickly and cost-effectively implement a real time mobile solution in a cost effective manner in as short a period of time as possible. Full mobile solutions that previously required months and vast amounts of IT resources and cost to implement are now deployed in a matter of weeks at a fraction of the cost. The Company has spent the last two years developing and perfecting the MobiTask(TM) and eXFORMA(TM) products which combine to create a market-leading Enterprise-Based Mobile Corporate Computing Platform. As we expand our client sector base, expand our development partnerships and continue to work closely with our largest channel partner Verizon Wireless and their 5,000 sales representatives. We would like to take this occasion to update our shareholders and the investment community about our planned growth initiatives for the remainder of 2013 and beyond."
MobiTask(TM) is the only wireless client application compliant with all smartphones and tablets including: iPhone(R), iPad(R), BlackBerry(R), BlackBerry(R) Playbook(TM), Samsung Galaxy(R), Motorola Xoom(TM), Windows Mobile(TM), and Tablet PCs. MobiTask(TM) mobilizes employee tasks in the field and connects them wirelessly directly to the organization's enterprise applications. MobiTask(TM) allows organizations to rapidly deploy mobile solutions for workers on the go. MobiTask(TM) provides the convenience of using DYNAMIC e-FORMS to collect field data, manage workflow tasks wirelessly, store documents locally and integrates seamlessly with most ERP systems and back-end databases. It is a one-of-a-kind data and task management, and process automation solution and provides a unified platform on the smartphone or tablet for extending workflow tasks from multiple enterprise software applications (ERP systems) to a single mobile client application
eXFORMA BPM Suite(TM) is a business process automation tool for automating paper-based business processes and creating online, electronic web-based forms and workflow; is built on a foundation of open standards such as XML and J2EE, making it easy for customers to integrate it quickly into their existing infrastructure. All of our solutions are built based on core eXFORMA technology because of the ease of compatibility with other enterprise software such as PeopleSoft, SharePoint, Oracle e-Business Suite, SAP, and more.
Together, these technologies have been combined into an elegant, highly versatile, secure, robust and simple to install and integrate solution that makes the mobile employee more task-efficient, delivers significant cost savings to the client and, most importantly, greatly improves the end customer experience with the client.
Sales & Marketing:
GroveWare is a Verizon Wireless Business Solutions Alliance Partner receiving the certification and endorsement of Verizon for promotion to its nationwide enterprise customer base. Verizon has already delivered dozens of key introductions to many of their major clients. Over the past few months, the Company has commenced an association with a large number of clients and potential clients implementing both production and trial solutions. GroveWare and Verizon Wireless are currently co-operating with over 100 new client initiatives including potential customers ranging from small plumbing and HVAC contractors to the U.S. Army and delivered a contract with the U.S. Department of Agriculture (USDA). The USDA initiative has led to a series of presentations to dozens of departments and agencies in various U.S. states and we have strong expectations for considerable follow-on contracts and revenue. Also during of this year, GroveWare has been successful in launching implementations with New York State's Department of Health and the State of South Carolina. The Company's management believes that, primarily through the active promotion by the over 5,000 strong Verizon sales and technical sales organization, its MobiTask(TM) subscription sales will expand rapidly through this carrier channel to almost 50,000 per year by 2015.
Over the past six months, and by working closely with its channel partners, most specifically, Verizon Wireless, GroveWare has enjoyed tremendous success in over two dozen pilot projects with several federal, state and local government departments and agencies and a wide selection of large and small businesses in the construction, property management, logistics, engineering, education, healthcare, law enforcement and transportation sectors. Virtually all of these pilots are now progressing to full deployment and management is confident that it will be able to convert these projects into a significant stream of revenue for the rest of 2013.
GroveWare is a vendor of IT services to the United States government under Schedule IT-70 of the US General Services Administration (GSA# GS 35F-0642V). This certification is especially important as it not only acknowledges the high performance and robust nature of GroveWare's products, but their security. This greatly facilitates the purchase capability of federal, state and local government by eliminating the need for public tender and reducing the requirement for product certification.
GroveWare also enjoys the support of some of the largest hardware and enterprise software providers. Our company is an authorized Apple iOS(R), Android(TM), BlackBerry(R) Technology Partner and Windows Mobile(TM) developer and has ongoing partnerships with HP(TM), Oracle(R), Samsung(R) amongst other leaders in the mobility and enterprise space.
GroveWare has developed industry-specific solutions as well as vertical-specific solutions. Our Company's solutions are highly desirable with government's diverse need for mobilizing and automating all types of inspection, licensing and field data collection applications. In response to this need, GroveWare's MobiTask(TM) application has significant competitive advantages since it is highly flexible, highly adaptable to all types of departmental or agency needs, and more importantly, is comparatively inexpensive and can be installed and operational within two or three weeks versus other custom made solutions that are very expensive and typically take many months, if not years, to develop and deploy.
GroveWare will be recruiting and deploying a roster of sales consultants to market its software products and professional services and to provide support to our carrier and hardware partners' B2B sales teams and the marketing initiatives in various business verticals
Our solution is a "horizontal play," designed to be adaptable for all industry sectors, and sophisticated enough to be quickly customizable at a very low cost. The Company's growth plan calls for a rapid growth of its revenues every year for at least the next three years. The Company has an aggressive plan to market the MobiTask(TM) solution to federal, state and local government departments, agencies and institutions, Fortune 1000, other smaller and mid-market companies and heavily targeted to the following verticals that are currently being served with fully-implemented solutions or have deployed test and trial initiatives:
Health Care Education
Transportation Services & Logistics
Enterprise: Field Force Automation
SMB (small and medium enterprises) for field force automation
Construction - HVAC service, electrical, plumbing, and sub-contractors
Federal and State government departments for efficiencies and budget savings
The Company has recently launched a redesigned corporate website www.groveware.com to reflect the aspirations of the company and to enhance the promotion of the Company's position in the marketplace. The new website provides an interactive Investor Relations section, a product demo, and support for state-of-the-art search engine optimization. The website will provide visitors with a well-defined description of the business and our objectives in creating a sustainable and growing firm that seeks to capture an important segment of the BPM and Mobile Computing in the enterprise software industry. The expanded Investor Relations section will contain corporate presentations, management backgrounds, SEC filings, industry articles, on-line and traditional media coverage, news releases, social networking portals and mailing list sign-ups. We intend to provide as much information and background on the Company as possible so that shareholders and the financial community can become as excited about the future as we are.
CEO Hrair Achkarian has over 15 years of experience working within the software development industry. In April 1996, he founded GroveWare Technologies Inc., where he currently serves as Chief Executive Officer and President and is responsible for all business development, product development and customer support issues. While working for GroveWare Technologies Inc., Mr. Achkarian has spearheaded the business operations through four releases of its calendar software product. Additionally, he has successfully penetrated the educational, government and business markets within the United States and firmly entrenched the GroveWare Technologies name as a reputable software developer. Mr. Achkarian was appointed as President, Chief Executive Officer and a member of the Board of Directors of the Company due to his comprehensive knowledge and experience in the software development industry.
Safe Harbor Statement: Certain statements and information included in this release constitute "forward-looking statements" as defined in the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied in such statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, estimates and expectations is contained in the Company's SEC filings. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by federal securities laws.
GroveWare Technologies Ltd.
Hrair Achkarian, CEO
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