- Last Trade: $0.005
- Change: +0.0021
- Open: $0.005
- High: $0.005
- Low: $0.005
- Volume: 4120
TORONTO, ONTARIO (http://financialnewsmedia.com
News Alert) GroveWare Technologies Ltd. (OTCQB:GROV) has recently concluded a series of contracts to install and implement GroveWare's MobiTask inspection software at several residential and commercial building inspection companies in the northeastern U.S. MobiTask is designed to streamline each customer’s inspection process, enhance quality assurance, and improve the timeliness, while reducing the costs, associated with their inspection, reporting, compliance and certification activities. Each of the five companies learned about the solution from its representative from Verizon Wireless (NYSE:VZ), GroveWare's largest channel partner.
“We are very pleased to be able to support these companies in their commitment to better serve their customers through the adoption of an automated inspection and compliance reporting capability using MobiTask and today's wireless technologies”, remarked Harry Achkarian, GroveWare's CEO. “We believe that MobiTask is readily adaptable to wide variety of inspection, certification and licensing applications by both business and government and the companies that are now using MobiTask to facilitate building inspections are a great example of how our solution can be quickly and inexpensively deployed to benefit of all types of inspection companies and agencies. There are almost 8,000 independent and government entities that complete millions of building code compliance inspections and certifications each year. With the constant pressure on these companies and agencies to streamline their processes, reduce overheads and better serve their constituents, we are excited about GroveWare's potential to grow its revenues in this sector.”
GroveWare's MobiTask will help to resolve several of the fundamental challenges that most inspection companies have been facing. Almost all of these businesses have been using paper-based process. Inspectors typically complete paper forms that must be mailed and then compiled and processed by a roster of clerical staff. As more and more local, county and state governments contract-out their on-site inspections (to insure contractor compliance with local and state electrical, plumbing and other building codes and ordinances), new business opportunities are growing faster than the ability of many independent inspection companies to manage the increased paper burden. As well, the use of paper forms and the subsequent manual processing, causes delay and adds cost. Inspection companies and their customers are looking for greater efficiency and cost-competitiveness. By using wireless devices to transfer compliance, certification (or infraction) data and thereby replacing paper forms, they can greatly enhance their ability to better service their existing customers and position themselves to be able to acquire and manage new business. In summary, these inspection companies gain efficiencies, reduce cost, raise the bar on customer service, open new growth opportunities and improve earnings.
A MobiTask installation is comparatively inexpensive to set-up, typically costing customers only a few thousand dollars for initial design, configuration and integration and each user is then charged a monthly fee by GroveWare for use of the software (depending on the number of users and features selected). By comparison, custom-built solutions can often cost tens or even hundreds of thousands of dollars. The monthly subscription fees paid to GroveWare are almost always offset by many multiples of operating cost savings which makes the value proposition very attractive to prospective clients.
About GroveWare Technologies Ltd.
GroveWare is one of North America's leading providers of mobile solutions to enterprise, connecting workforces by mobile device to a wide selection of ERP systems and helping American businesses and institutions to enhance productivity and improve profitability by mobilizing and automating business processes. GroveWare's showcase software, MobiTask, is a wireless client application compatible with all smartphones and tablets including: iPhone, iPad, BlackBerry, PlayBook, and all devices using the Android or Windows Mobile wireless platforms. MobiTask mobilizes employee tasks in the field and connects them directly to the organization's enterprise software systems. MobiTask allows organizations to rapidly and cost-effectively deploy mobile solutions for workers on the go. MobiTask provides the convenience of using dynamic electronic forms created using GroveWare's eXFORMA middleware to collect field data, manage workflow, HR and CRM tasks wirelessly, store documents locally and integrates quickly with most ERP systems and back-end databases on any application such as Oracle e-Business Suite, PeopleSoft, SharePoint, Kronos Workforce Central, MS Dynamics or SAP. Users can remotely and wirelessly clock-in/out, approve and initiate workflow tasks, or use dynamic e-Forms for inspections, licensing and data collection all from their smartphones. GroveWare is especially targeting the government, construction, healthcare, and law enforcement sectors and its successes to-date and rapidly growing interest from these and other quarters of business, provide exciting growth challenges and opportunities for the company.
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.
Investors: GroveWare Technologies Ltd.
W. Scott Boyes
Chief Financial Officer
FN Media Group LLC (FNMG) owns and operates FinancialNewsMedia.com (FNM) which is a third party publisher that disseminates electronic information through multiple online media channels. FNMG's intended purposes are to deliver market updates and news alerts issued from private and publicly trading companies as well as providing coverage and increased awareness for companies that issue press to the public via online newswires. FNMG and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. The companies that are discussed in this release may or may not have approved the statements made in this release. Information in this release is derived from a variety of sources that may or may not include the referenced company's publicly disseminated information. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. While this information is believed to be reliable, such reliability cannot be guaranteed. FNMG disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. This release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies discussed in this release is highly speculative and carries a high degree of risk. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.
This release is not without bias, and is considered a conflict of interest if compensation has been received by FNMG for its dissemination. To comply with Section 17(b) of the Securities Act of 1933, FNMG shall always disclose any compensation it has received, or expects to receive in the future, for the dissemination of the information found herein on behalf of one or more of the companies mentioned in this release. For current services performed for GroveWare Technologies Ltd. (OTCQB:GROV), FNMG was compensated by a non-affiliated third party two thousand one hundred dollars for coverage of this news releases. FNMG HOLDS NO SHARES OF GroveWare Technologies Ltd. (OTCQB:GROV).
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.