$GROV News: Groveware Technologies, Inc. (GROV) Sets Its Sights On New Contracts For Added Revenue Source

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Published - January 17, 2013
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$GROV News: Groveware Technologies, Inc. (GROV) Sets Its Sights On New Contracts For Added Revenue Source - (FinancialNewsMedia.com Wire)

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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.
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