TORONTO, Jan. 27, 2022 /CNW/ - BlueRush Inc.
("BlueRush" or the "Company") (TSXV: BTV)
(OTCQBX: BTVRF), an emerging personalized video Software as a
Service ("SaaS") company, is pleased to announce it has
signed a major services contract representing $850,000 of revenue with an alternative financial
lender. This 12-month retainer contract commencing January 1, 2022 is expected to achieve a 40%
gross margin.
For the new services contract, BlueRush work will encompass
video, web, mobile, application as well as AI-driven chat to
optimize the lender's transformation into a digital-first company.
The client has hundreds of locations across Canada and the U.S. and is seeking to
strengthen its online presence while expanding its product
offering.
"We are pleased to be an integral part of our client's digital
transformation journey." says Larry
Lubin, BlueRush President and Cofounder. "Our range of
expertise in developing best in class digital experiences for
customers, combined with our extensive work in the financial
services sector, makes us uniquely positioned to partner with this
lender in transforming them from a primarily brick-and-mortar
business into a digital-first, omnichannel entity."
About BlueRush
BlueRush develops and markets IndiVideo™, a disruptive,
award-winning interactive personalized video platform that drives
return on investment throughout the customer lifecycle, from
increased conversions to more engaging statements and customer
care. IndiVideo enables BlueRush clients to capture knowledge and
data from their customers' video interaction, creating new and
compelling data driven customer insights. For more information
visit: http://www.bluerush.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking Statements
Certain statements contained in this press release may
constitute "forward-looking information" as such term is defined in
applicable Canadian securities legislation. The words "may",
"would", "could", "should", "potential", "will", "seek", "intend",
"plan", "anticipate", "believe", "estimate", "expect" and similar
expressions as they relate to the Company, including the financial
results anticipated from the contract, are intended to identify
forward-looking information. All statements other than statements
of historical fact may be forward-looking information. Such
statements reflect the Company's current views and intentions with
respect to future events, and current information available to the
Company, and are subject to certain risks, uncertainties and
assumptions; including, without limitation, labour costs remaining
consistent with current costs. Material factors or assumptions were
applied in providing forward- looking information. Many factors
could cause the actual results, performance or achievements that
may be expressed or implied by such forward-looking information to
vary from those described herein should one or more of these risks
or uncertainties materialize. These factors include, without
limitation: changes in law; the ability to implement business
strategies and pursue business opportunities; state of the capital
markets; the availability of funds and resources to pursue
operations; a novel business model; dependence on key suppliers and
local partners; competition; the outcome and cost of any
litigation; the general impact of the COVID-19 pandemic; as well as
general economic, market and business conditions, as well as those
risk factors discussed or referred to in disclosure documents filed
by the Company with the securities regulatory authorities in
certain provinces of Canada and
available at www.sedar.com. Should any factor affect the Company in
an unexpected manner, or should assumptions underlying the
forward-looking information prove incorrect, the actual results or
events may differ materially from the results or events predicted.
Any such forward-looking information is expressly qualified in its
entirety by this cautionary statement. Moreover, the Company does
not assume responsibility for the accuracy or completeness of such
forward-looking information. The forward-looking information
included in this press release is made as of the date of this press
release and the Company undertakes no obligation to publicly update
or revise any forward- looking information, other than as required
by applicable law.
View original
content:https://www.prnewswire.com/news-releases/bluerush-signs-850-000-services-agreement-to-support-us-alternative-lenders-digital-transformation-efforts-301469744.html
SOURCE BlueRush Inc.