LAS VEGAS, Jan. 31, 2017 /PRNewswire/ -- Epoxy Inc. (OTCQB: EPXY) is extremely pleased to have hit the milestone of one hundred thousand in revenue ($100,000). In addition to the development fee, Epoxy will collect a cumulative monthly fee, which increases on a sliding scale based on the number of customer locations or tiers. The revenues have been book as deferred revenue and are expected to be realized as income upon completion of the pilot programs. Epoxy anticipates the pilot programs starting upon the completion of development, the first of which may start as early as February 2017.
Our development team has worked tirelessly to craft the Powered by Epoxy model, making it an extremely affordable option for large chains to adopt a proven and refined solution without the hassles of development, training or customer service. The result for these chains is a seamless integration of a powerful system into their locations without the expense of managing a software system.
Dave Gasparine, CEO and Founder, States, "It has been over a year in the making and I am thrilled with the response to the 'Power By Epoxy' development program. It has all come together just as we envisioned it, from the development of the software to the training of our corporate team. I look forward to the launch of the first pilot program and am very encouraged by the client reactions to the initial development and preview. This secondary model for Epoxy helps to craft the signature Epoxy platform that will have a major new addition in the coming few months."
About Epoxy Inc.:
Epoxy, Inc. is the developer of the Epoxy App, an application or "app" for iPhone iOS and Android operating systems. Epoxy is an innovative smartphone application designed to conveniently connect business owners and consumers in order to ease marketing frustrations. The mobile app gives loyal customers the ability to keep track of virtual loyalty cards and mobile gift cards all in one place while also giving opportunities to review and share businesses with friends. In turn, Epoxy provides businesses the ability to reward customers, share offers, and deliver information about special events right to their smartphones. Epoxy designers are dedicated to providing a superior and easy-to-use product for business owners to reward loyal customers.
This release contains forward-looking statements that reflect Epoxy, Inc., plans and expectations. In this press release and related comments by Company management, words like "expect," "anticipate," "estimate," "goal" and similar expressions are used to identify forward-looking statements, representing management's current judgment and expectations about possible future events. Management believes these forward-looking statements and the judgments upon which they are based to be reasonable, but they are not guarantees of future performance and involve numerous known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, achievements or financial position to be materially different from any expressed or implied by these forward-looking statements.
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SOURCE Epoxy, Inc.