TORONTO, ONTARIO--(Marketwire -08/08/12)- GroveWare Technologies, Ltd. (GROV) one of North America's leading providers of mobile solutions to enterprise, connecting workforces by mobile device to a wide selection of ERP systems and helping American businesses and institutions to enhance productivity and improve profitability by mobilizing and automating business processes, has been actively expanding the market scope for MobiTask, its flagship solution designed to help transition business and government away from paper-based processes to the modern, wireless world. While its successes to date have largely been achieved in the government arena, the Company has recently been making inroads into businesses in the mechanical trades, plumbing, and HVAC sectors.
Such businesses are installing MobiTask on their wireless devices, smartphones and tablets, and using this robust solution to monitor and record mechanical problems, schedule and track installation, maintenance and repair tasks, collect and record work completed, labor-time, costs and billing information. MobiTask has been successfully implemented by mechanical and contractors in several north-eastern and mid-south states, specifically in Tennessee, Pennsylvania, Georgia and North Carolina with several more pilot projects in our pipeline. These customers are now reporting that, by providing them with accurate and "real-time" data sent through MobiTask by their off-site installation and service crews, GroveWare is allowing them to better serve their own clients, while enjoying higher levels of labor efficiency, lower administration costs and accelerated invoicing and receivable turnover.
"We see a new category of potential customers emerging from the mechanical services industry," says GroveWare's CEO, Harry Achkarian. "Manta Media lists over 20,000 mechanical contractors in the USA and every one of them would likely realize improved efficiencies and profitability by adopting MobiTask for their business. We are already receiving new customer referrals from existing users and by working closely with our wireless channel partners to provide more focus on the needs of these businesses. Since each of these contractors has an average of 50 employees working on various jobsites, there are over 1,000,000 mobile workers in this sector. We are targeting 5,000 users (.5%) from this client group by the end of next year, which would provide significant revenue growth for our company."
About GroveWare Technologies Ltd.
GroveWare is one of North America's leading providers of mobile solutions to enterprise, connecting workforces by mobile device to a wide selection of ERP systems and helping American businesses and institutions to enhance productivity and improve profitability by mobilizing and automating business processes. GroveWare's showcase software, MobiTask, is a wireless client application compatible with all smartphones and tablets including: iPhone®, iPad®, BlackBerry®, PlayBook™, and all devices using the Android™ or Windows Mobile® wireless platforms. MobiTask mobilizes employee tasks in the field and connects them directly to the organization's enterprise software systems. MobiTask allows organizations to rapidly and cost-effectively deploy mobile solutions for workers on the go. MobiTask provides the convenience of using dynamic electronic forms created using GroveWare's eXFORMA™ middleware to collect field data, manage workflow, HR and CRM tasks wirelessly, store documents locally and integrates quickly with most ERP systems and back-end databases on any application such as Oracle® e-Business Suite™, PeopleSoft™, SharePoint™, Kronos® Workforce Central™, MS Dynamics™ or SAP®. Users can remotely and wirelessly clock-in/out, approve and initiate workflow tasks, or use dynamic e-Forms for inspections, licensing and data collection all from their smartphones. GroveWare is especially targeting the government, construction, healthcare, and law enforcement sectors and its successes to-date and rapidly growing interest from these and other quarters of business, provide exciting growth challenges and opportunities for the company.
Safe Harbor Statement: Certain statements and information included in this release constitute "forward-looking statements" as defined in the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied in such statements. An additional discussion of factors that could cause actual results to differ materially from management's projections, estimates and expectations is contained in the Company's SEC filings. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by federal securities laws.
GroveWare Technologies Ltd.
W. Scott Boyes
Chief Financial Officer