- Last Trade: $0.006
- Change: -0.003
- Open: $0.0114
- High: $0.0114
- Low: $0.006
- Volume: 156327
TORONTO, ONTARIO - (http://www.financialnewsmedia.com
News Alert) GroveWare Technologies Ltd. (OTCBB:GROV) Capitol Environmental provides a variety of waste management services from facilities management to transportation and logistics. A majority of the services provided by Capitol Environmental are off-site and require communicating the daily work completed to ensure all work has been completed properly back to the office. To provide this communication, they have implemented MobiTask, an app developed by GroveWare Technologies Ltd. (OTCBB: GROV).
Capitol Environmental was in discussions with its Data Solutions Architect at Verizon Wireless about a specific loss prevention solution in the total waste/materials management services at the truck loading and transfers sites. The process of loading subcontracted trucks with waste onsite must be accurately documented to ensure all waste that leaves the site arrives at the transfer site with the same amount. Each truck that is brought on site needs to be documented with the specific arrival and departure time, as well as load quantity. This information needs to be communicated to the transfer sites for them to have the data to compare with their incoming load details. Verizon brought GroveWare into the discussion to see how the MobiTask solution could help solve the problem on hand.
GroveWare assessed the business process and needs of Capitol and provided them with a demo app to take into the field with a tablet provided by Verizon. Capitol decided to start a pilot project at one site before the 2 week demo had ended. The goal of the project was to mobilize the Daily Load Summary Report, which documents details of each truck that comes on site including the truck number, the load weight, arrival time, departure time and a picture of the truck's load. At the end of the day, the form is submitted and an Excel file is generated and automatically sent to the site manager who can track what left the site vs. what arrived to the transfer site. GroveWare turned the project around within a week by building the forms, print templates, notifications and documentation and the project has since been running on its own for six months.
The project has allowed Capitol to properly manage work that is being completed onsite and create a compliance method for the work that is being transferred offsite. The project has been so successful that Capitol Environmental wants to implement the on all sites. This could provide a considerable source of revenue for GroveWare as their licensing agreement is based on per user and billed monthly, quarterly or annually. This client could help GroveWare exceed their 2013 revenue expectations of $4 million. With the way the licensing agreement works, it also provides Capitol with an app that is always up to date and additional apps can be added and automated within their private cloud without adding to their per user cost.
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.
GroveWare Technologies Ltd.
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. (OTCBB:GROV), FNMG was compensated by a non-affiliated third party three thousand eight hundred dollars for coverage of this news releases. FNMG HOLDS NO SHARES OF GroveWare Technologies Ltd. (OTCBB: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.