Renoworks builds on momentum by adding 37
new building products manufacturers to its digital platform
CALGARY, March 14, 2017 /CNW/ - Renoworks
Software Inc. (TSXV: RW) (PINK SHEETS: RWOKF)
("Renoworks" or the "Company") is pleased to announce
that during the fiscal year ended December
31, 2016, its leading visualizer technology became the
solution of choice for 37 new building products manufacturer
customers.
Renoworks offers building products manufacturers a number of
different digital marketing and sales solutions that highlight the
products they manufacture in a realistic, true-to-life
manner. Many manufacturers choose to develop digital product
libraries with Renoworks in order to expand their distribution
channel on the Renoworks PROTM platform.
Others choose to incorporate the full Renoworks solution suite into
different marketing and sales initiatives including - online
visualizers, mobile applications, builder and channel programs, or
integrated pricing solutions.
Renoworks derives revenues through annual software licensing and
fees associated with implementation.
"This increased number of new customers reveals the
strengthening demand for our visualizer solutions and the superior
results provided to our valued clients," said Doug Vickerson, CEO of Renoworks. "For example,
one of the largest window and door manufacturers in North America declared that its consumers are
five times more likely to request an in-home consultation if they
visited their online visualizer powered by Renoworks." Mr.
Vickerson added, "We generate revenues from four main business
units and the manufacturer segment alone represents a multi-million
dollar market opportunity in North America. We have just
scratched the surface and we intend to build on this momentum in
2017, leveraging our industry leading digital building products
library and suite of solutions to capitalize on this tremendous
opportunity."
By utilizing the Renoworks digital visualization platform,
manufacturers of exterior and interior building products can
benefit from increased engagement on company or partner websites,
an increased number of homeowner leads, a better understanding of
specific homeowner interests, and a rich compilation of user data
they receive using the Renoworks platform.
About Renoworks
Renoworks Software Inc. develops and
sells unique digital visualization software for the remodelling and
new home construction industry, primarily in the United States and Canada. Delivered
online, as a custom developed app or desktop software, Renoworks
provides its technology to manufacturers, contractors, builders and
retailers offering the solution to one of the home remodelling
industry's greatest challenges: enabling customers to see how their
product choices will look in a realistic, virtual environment –
even in their own home – before they make a purchase
decision. Renoworks markets its software as a cost-effective
lead generation tool and generates revenues from four main business
lines: Enterprise, Renoworks PRO, Renoworks GSB and Renoworks SDK
(Software Development Kit). For more information, visit:
www.renoworks.com and www.renoworkspro.com.
The TSX Venture Exchange does not accept responsibility for
the adequacy or accuracy of this release.
Certain statements in this news release, other than
statements of historical fact, are forward looking information that
involves various risks and uncertainties. Such statements relating
to, among other things, the prospects for the company to enhance
operating results, are necessarily subject to risks and
uncertainties, some of which are significant in scope and nature.
These uncertainties may cause actual results to differ from
information contained herein. There can be no assurance that such
statements will prove to be accurate. Actual results and future
events could differ materially from those anticipated in such
statements. These and all subsequent written and oral forward
looking statements are based on the estimates and opinions of the
management on the dates they are made and expressly qualified in
their entirety by this notice. The Company assumes no obligation to
update forward-looking statements should circumstances or
management's estimates or opinions change.
SOURCE RenoWorks Software Inc.