MIAMI, April 18, 2017 /PRNewswire/ --
HD View 360, Inc. (the "Company") (OTCQB: HDVW) is a provider of IT services to start-up franchise businesses that has also recently begun offering additional IT products and services to its existing client base.
Founded in 2013, the Company is the industry leader in providing their core client base, largely made up of small and medium-sized businesses, with the IT and security monitoring tools they need to operate effectively. Franchisors actually require their new franchisees (the Company's clients) to contract with the Company to provide these IT and security monitoring tools and services. This benefits the franchisor by providing a uniform system across its franchisees and also benefits the franchisees by having a proven effective turnkey solution to their basic needs and structure.
There are about 335,000 franchisee-owned businesses in the U.S., representing 8.1% of establishments and 13.9% of nation-wide revenue. An estimated 75,000 new franchisee owned businesses are formed every year.
Since its founding in 2013, the Company saw 170% year-over-year revenue growth in 2015, and Q1 2016 saw 235% improvement over Q1 2015.
Dennis Mancino, the Company's CEO, said, "The quality and value of HD View 360's services have been recognized by multiple franchises, including European Wax Center, Amazing Lash Studio, Orangetheory Fitness, and Massage Envy, and we have many others in the pipeline. The Company's growth has positioned it to expand and deepen its services to include more comprehensive geographic presence, and acquiring as many new franchises as possible while adding additional revenue streams through our recently formed subsidiaries. These efforts will all increase the attractiveness of HD View 360 to potential clients while increasing both revenues and profit margins for the Company."
Mancino continued, "HD View 360's expanded operations will allow it to become the preferred vendor for more franchises, building an ever-expanding base of satisfied customers who refer other entrepreneurs and small business owners to the Company."
About HD View 360, Inc.
HD View 360 Inc. (also referred to as "the Company") founded in 2013, is the industry leader in providing small and medium-sized businesses with the IT and security-monitoring tools they need to operate effectively.
The Company provides an array of services that franchisors require their new franchisees to include in their core business and management has built an innovative plan of optimizing revenues by providing additional services to these franchisees via several newly formed wholly-owned subsidiaries.
HD View 360 together with its subsidiaries is a full service Internet Technology company specializing in security cameras, cyber security, network infrastructure, and Voice over IP telephone services for nationwide franchises to massive multi-site rollouts.
HD View 360's management feels that its expanded operations will allow it to become the preferred vendor for more franchises, building an ever-expanding base of satisfied customers who refer other entrepreneurs and small business owners to the Company.
For more information on the Company, please visit the Company's website at http://hdview360.com/
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at http://www.sec.gov.
HD View 360, Inc.
SOURCE HD View 360, Inc.