- Last Trade: $0.0025
- Change: +0.0000
- Open: $N/A
- High: $N/A
- Low: $N/A
- Volume: 0
Coral Springs, FL (http://www.financialnewsmedia.com
News Alert) GroveWare Technologies, Ltd. (OTCQB: GROV) (www.groveware.com) is a leading mobile process automation company that has recently partnered with several new companies, which holds a considerable source for additional revenue for the company for 2013 and beyond. GroveWare is considered a Verizon Wireless Business Solutions Alliance Partner receiving the certification and endorsement of Verizon (NYSE:VZ) for promotion to its nationwide enterprise customer base. Verizon has already introduced dozens of new and potential clients to GroveWare.
Stay informed on GroveWare Technologies developments by getting news alerts & updates delivered directly to your mobile phone by texting GROV to 545454 from your cellular device or visit http://grov.mobi
for more details.
GroveWare’s premier app, MobiTask, is downloadable across all four platforms (Blackberry, iOS, Android, Windows) for free. The company’s main source of revenue is the subscriptions for the MobiTask, which connects a client to a private cloud as well as the middleware that the company offers, eXFORMA. This is where the mobile process automation is then handled, sending data collected from the apps to the various company databases and end programs, such as ERP and CRM suites.
Recent significant contracts for Groveware Technologies are Capital Environment Waste Management Solutions and Several of America's Largest Independent Building Inspection Agencies.
Capitol Environment Waste Management Solutions is a leading waste management service company throughout the United States. They have begun implementing MobiTask with their field employees as a way of recording the amount of waste that is picked up and delivered and is automating all of the field communication to ensure reports are in the hands of management on a daily basis. The project has been so successful that Capitol Environmental wants to implement the MobiTask app on all sites which 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 licensing agreement could help GroveWare exceed their 2013 revenue expectations of $4 million.
The second series of contracts that GroveWare has procured are with independent building inspection agencies located throughout the northeast. The agencies have launched MobiTask in order to enhance the building code compliance inspections and certification and enforcement sector of these industries. This will allow all of the field workers to mobilize their communications and collect data on the spot without the use of paper inspection forms.
GROV should be researched and closely monitored as it was trading as low as $0.35 per share last week and has seen nice gains exceeding $0.50 per share this week on news regarding new contracts and corporate progress. As more is expected from this emerging company investors to take a close look at GroveWare Technologies while it sets it sights on obtaining new contracts for added revenue opportunities for 2013.
Market Commentary & Happenings for Thursday January 17, 2013:
In other news developments for the markets and equities on the move, a stock watch alert is being issued for VSUS Technologies, Inc. (OTCQB:VSUT) after VSUT realized strong gains yesterday closing up over 53% at $0.074 per share after reaching intra-day highs of $0.089. More is expected from OTCQB:VSUT in the days to come and should be closely monitored for additional news alerts.
Salesform.com, Inc. (CRM) is also a high tech company like GroveWare Technologies, in the cloud computing space and social enterprise services that delivers customer relationship management applications through Internet or Cloud applications. CRM shares were down yesterday after the company in the morning disclosed in a filing with the Securities & Exchange Commission its responses to a letter from the SEC questioning some of its reporting of cash flow. A number of bulls on Salesforce shares were out defending the stock yesterday however. One was Morgan Stanley’s Adam Holt, who reiterates an Overweight rating on the shares, writing that the “re-surfacing of filings from earlier this week detailing correspondences between the SEC and Salesforce should be viewed as a non-event.
FN Media Group LLC (FNMG), a third party publisher and news dissemination service provider, owns and operates FinancialNewsMedia.com (FNM) which 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.
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 disseminating this release, FNMG was not compensated two thousand three hundred fifty dollars by a non-affiliated third party for news coverage for Groveware Technologies, Inc. (OTCQB: GROV). For disseminating this release, FNMG was not compensated on behalf any company named herein but expects to be compensated for providing news coverage for VSUS Technologies, Inc, at which time such compensation shall be fully disclosed. FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE AND WAS NOT COMPENSATED BY ON OTHER COMPANY INCLUDED HEREIN.
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.