GroveWare Technologies Reports 300% Increase in Downloads of MobiTask
TORONTO, March 7, 2013 /PRNewswire/ -- Groveware Technologies Ltd. (OTCQB: GROV) – a provider of enterprise mobile solutions connecting workforces by smartphones and tablet devices, is pleased to announce that downloads of its revolutionary and proprietary MobiTask app have increased substantially year to date.
The MobiTask app which effectively eliminates the need for paper forms in the field, the factory, or the office, has seen year to date, a 300% increase in downloads at the Apple Inc. AppStore, a 300% increase in downloads in the Android Play Store, and a 30% increase for Windows-based downloads through GroveWare's own servers.
Hrair Achkarian, Groveware CEO, puts these numbers in context: "This almost 300% increase in app downloads and installations in my opinion is a clear indicator that Groveware is on track of capturing our goal of a 10% market share of this $1.3 billion market for reduction of paper waste. If we can achieve this goal, just this market segment alone could account for $130 million in revenue for our business."
"The market is increasingly aware of the dramatic savings and security that MobiTask provides their operations," said Groveware Technologies CEO, Hrair Achkarian. "For example, a recently signed account conducted an internal analysis prior to contract which predicted that by using the MobiTask app, it could reduce nearly $250,000 in expenses per annum that come as a result of hard paper costs, labor related to scanning and storage, and other expenses associated with real paper documents that MobiTask replaces. And this is just one account."
"It's also important to note that GroveWare continues to be introduced at the enterprise level by some of the largest companies in the world," added Achkarian. "The introductions we've received from Verizon Technology have been tremendous for our business, both in credibility and revenue, and we are also now being introduced to large enterprise accounts by Apple Inc., where we are a Apple Development Partner. These introductions simultaneously reduce our prospecting costs and give us an opportunity to showcase our game changing software to enormous potential partners."
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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. 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.
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SOURCE Groveware Technologies Ltd.
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