Great Customer Response to Contracting Industry’s First Online Sales Platform Launched by Remote Sales Force
CALGARY, ALBERTA, March 7, 2017 – Renoworks Software Inc. (TSXV: RW)(PINK SHEETS: RWOKF)(“Renoworks” or the “Company”), the leading visualizer for the home remodeling and construction industry, is pleased to announce an update on the successful launch of strategic partner Remote Sales Force’s One Click Contractor software solution for the remodel industry. Renoworks holds a 33 1/3% equity interest in Remote Sales Force, Inc.
Since its launch in early February, over 30 customers are now using One Click Contractor, a brand new service integrating Renoworks visualizer technology with Remote Sales Force’s software-as-a-service functionality enabling contractors to sell remodel projects remotely (see press releases dated February 1, 2017 and February 16, 2017). Renoworks and its partner Remote Sales Force co-market One Click Contractor to existing and new clients. Remote Sales Force markets and sells directly through its sales and marketing team while Renoworks markets via its Renoworks Pro Fully Loaded product offering which can be found at: Renoworks PRO Fully Loaded. Through this co-marketing relationship, Renoworks can derive revenue through a monthly fee per user regardless of which entity completes the product sale.
Remote Sales Force’s One Click Contractor, bundled with Renoworks visualizer technology, is a sales tool designed to help improve the productivity of contractors and address a number of market needs. One Click Contractor allows home remodelling contractors to sell online, thus helping contractors reduce transportation costs, improving operational efficiency.
“Remote Sales Force’s Solution is clearly resonating with the remodel industry,” said Doug Vickerson, CEO of Renoworks. “Our market research and meetings with contractors and industry players identified significant demand for a complete online solution for buying and selling remodel projects. The growing importance of buying and selling home improvement projects online has led to a bold prediction that over the next five years, half of all exterior replacement sales will be completed remotely1,” explained Mr. Vickerson. “This software is a critical sales tool for contractors and addresses a number of market needs that may result in quick scale and revenue increases for Renoworks.”
About Home Remodeling Industry Online Trends – PRO Remodeler Magazine
Consumer purchasing behavior is rapidly and increasingly moving towards online buying as a preferred method of shopping. There is a new mindset emerging in the home remodeling industry as buying habits are shifting to the internet and the future of the industry is online. Demographers and researchers find that each generation is looking for a seamless online experience when buying products. In 2016, a survey by UPS and comScore showed that Millennials and non-Millenials make 54% and 49% of their purchases online respectively. For contractors, less time is spent driving to sales calls and presenting to homeowners, making representatives significantly more productive. In addition, businesses can expand their marketing area. The growing importance of buying and selling home improvement projects has led to a bold prediction that over the next five years, half of all exterior replacement sales will be completed remotely.1
1Taylor, E. (2017, February 17). “The One-Click Future”, Pro Remodeler, Online: https://www.proremodeler.com/blog/one-click-future
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 three main business lines: enterprise, Renoworks PRO™TM, and its Software Development Kit (SDK). For more information, visit www.renoworks.com.
About Remote Sales Force
Remote Sales Force Inc. develops and sells software for the remodelling industry in the United States and Canada. Remote Sales Force is a software-as-a-service provider devoted to building solutions that will change the way remodel projects are bought and sold. For more information, visit www.remotesf.com.
For further information please contact:
Renoworks Software Inc.
Doug Vickerson, CEO
Phone: 403-296-3880
Email: doug.vickerson@renoworks.com
2816 -21st Street NE, Suite 7
Calgary, Alberta, Canada T2E 6Z2
For investor information for Renoworks please contact:
Rob Gamley
Phone: 604-689-7422
Email: rob@contactfinancial.com
Contact Financial Corp.
1450 – 701 West Georgia St.
Vancouver, BC, Canada V7Y 1G5
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.