Renoworks to License Its Leading Visualization Technology as a Software-Development-Kit (SDK) to Global Companies Targeting the Building Products Industry
CALGARY, ALBERTA--(Marketwired - April 5, 2016) - Renoworks Software Inc. (TSX VENTURE:RW) ("Renoworks" or the "Company") is pleased to announce the launch of its visualization tool-kit - Renoworks SDK™. Renoworks SDK™ is a Software-Development-Kit (SDK) allowing digital marketing agencies and technology companies servicing the home remodeling and builder markets to create rich, interactive applications using Renoworks visualization platform.
"Renoworks SDK is an integral part of our Company's growth strategy," said Doug Vickerson, CEO of Renoworks. "Development partners consider product visualization a critical item to their customer sales and marketing success and now, for the first time, with the launch of our SDK they can deliver cutting-edge visualization technology to showcase their products in their best light."
The Renoworks SDK provides a number of tools that lets developers build on a specific platform or integrate existing functionality into their own apps. The following major functions are included:
More than eight partners are already using the Renoworks SDK as an engagement tool for their customers.
Renoworks is also pleased to announce it has engaged Contact Financial Corp. ("Contact") to assist the Company with the development and execution of a comprehensive strategic communications program.
Contact is a broad-based strategic marketing and communications firm with experience in creating exposure for small- to mid-cap companies. Contact Financial, headed by Kirk Gamley, is based in Vancouver, British Columbia with offices in Vancouver, Toronto, Montreal, and affiliate offices in the United States and Europe. Contact's services will include providing advice to the Company with respect to corporate development, production and distribution of investor-focused communication tools, and increasing awareness of the Company within the financial community.
Contact has been retained for an initial term of six (6) months, with service to be provided on a month-to-month basis thereafter. Contact will be paid a monthly fee of CDN $4,000.00 (plus GST) and has been granted options to purchase up to 50,000 common shares of the Company with an exercise price of CDN $0.31 per share and 50,000 common shares of the Company with an exercise price of CDN $0.50 per share that shall have a life of 3 years from the date of issue, with vesting restrictions in accordance with TSX Venture Exchange policies.
Other than 100,000 common shares held directly and indirectly by Kirk Gamley and Contact Financial, none of Contact Financial group has any interest, directly or indirectly, in Renoworks or its securities, or any right or intent to acquire such an interest, other than the above-referenced proposed stock options.
Renoworks Software Inc. develops and sells unique digital visualization software for the remodelling and new home construction industry, primarily in the United States and Canada. Delivered online, as a custom developed app or desktop software, Renoworks provides its technology to manufacturers, contractors, builders and retailers offering the solution to one of the home remodelling industry's greatest challenges: enabling customers to see how their product choices will look in a realistic, virtual environment - even in their own home - before they make a purchase decision. Renoworks markets its software as a cost-effective lead generation tool and generates revenues from three main business lines: enterprise, Renoworks PRO™, and its Software Development Kit (SDK). For more information, visit www.renoworks.com.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Certain statements in this news release, other than statements of historical fact, are forward looking information that involves various risks and uncertainties. Such statements relating to, among other things, the prospects for the company to enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward looking statements are based on the estimates and opinions of the management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.