Arkados Group Engages American Capital Ventures For Investor Relations Services
NEWARK, N.J., Feb. 25, 2015 /PRNewswire/ -- Arkados Group, Inc. (OTC: AKDS) (the "Company" or "Arkados"), a leading software developer and system integrator enabling Internet of Things ("IoT") applications, today is pleased to announce that it has engaged American Capital Ventures ("ACV"), a boutique provider of comprehensive investor relations, financial marketing and capital advisory services to the micro- and small-cap community.
Arkados' Chief Executive Officer, Terrence DeFranco, commented, "The IoT market is forecasted to be the largest device market in the world - more than double the size of the smartphone, PC, tablet, connected car, and the wearable market combined - by 2019 (Source: BI Intelligence). Progression in this market and the dawn of the "smart city" era will be reliant on software developers and system integrators like Arkados to equip buildings with state-of-the-art technology and automation solutions that go beyond energy and efficiency management – and delve into areas of wellness, comfort, even efficiency and productivity of occupants. Our strategy of developing and providing customers with the software essential to the development of smart buildings and smart city applications is proving to be the right strategy. The recent rollout of our LinqUSP software and Process and Event Management System, designed to increase efficiencies within industrial buildings, to our licensing partner Tatung, coupled with their utilization of our In-Home Bridge programmable logic controller (PLC) software and Meter Collar PLC software, have led to two consecutive quarters of revenue growth – and suggest continued growth ahead."
He continued, "In light of recent developments, we have engaged ACV, an experienced firm specializing in emerging growth micro-cap companies like Arkados, to assist us in communicating our business, unique market position and long-term value proposition to both the public and the investment community. We look forward to working with their team to enhance our communication and bring greater value to our shareholders moving forward."
Mr. Gostfrand stated, "We're thrilled to be working with such a forward thinking innovator as Arkados. Given the Company's specialization in building automation software and systems integration, core licensing partners that include Tatung and STMicroelectronics, revenue growth and highly dedicated management team, we are confident in their ability to execute and capitalize successfully on the rapidly growing IoT market. We look forward to communicating Arkados' opportunity to the public and the investment community, and to work towards achieving a higher valuation for the Company and its shareholders."
About Arkados Group, Inc.
Arkados Group, Inc. ("Arkados" or the "Company") is a leading software development and system integrator enabling Internet of Things applications for home and building automation and energy management. The Company's solutions are uniquely designed to drive a wide variety of wireless and powerline communication (PLC)-based products, such as sensors, gateways, video cameras, appliances and other devices. By utilizing the Company's solutions, Arkados' customers can bring numerous sophisticated, full-featured products to market faster at a lower overall development cost. Arkados® is a registered trademark of Arkados Group, Inc. For more information about Arkados, please visit: http://www.arkadosgroup.com.
Forward-Looking Statements
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulations, and other risks contained in reports filed by the company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by this cautionary statement and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
Investor Relations:
Howard Gostfrand
[email protected]
305.918.7000
SOURCE Arkados Group, Inc.
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