TORONTO, ONTARIO — (Marketwired) — 05/24/17 — BeWhere Holdings Inc. (TSX VENTURE: BEW)(OTCQB: BEWFF) (“BeWhere” or the “Company”) a Company that designs and sells patent pending Bluetooth beacons, mobile applications, middle-ware and cloud based solutions when combined, provides users with real-time information on the condition and location of their items in transit or at facilities, today announced its financial results for the first quarter ended March 31, 2017.
Highlights
Outlook
BeWhere achieved multiple milestones during the first quarter 2017, including early initial installations on the armoured car contract, the signing of its first OEM contract with Firetech Manufacturing. The Company will continue to announce new partnerships and build its pipeline of contracted revenue throughout the remainder of 2017 well continuing its leading edge product development.
Management Commentary
Owen Moore CEO and Founder stated “It–s exciting to see our 2016 objectives turning into orders and revenues in our targeted markets proving our products are continuing to display traction in each our targeted markets. It–s reassuring to know the team–s efforts are turning into contracted backlog allowing good visibility into the remainder of 2017. The upcoming launch of our LPWAN cellular Beacon will compliment nicely our current product offering and deepen our penetration into the rapidly expanding asset tracking space.
Financial Highlights for First Quarter Ended March 31, 2017
About BeWhere
BeWhere (TSX VENTURE: BEW)(OTCQB: BEWFF) is an Industrial Internet of Things (“IIOT”) solutions company that designs and sells hardware with sensors and software applications to track real-time information on movable assets. The company develops mobile applications, middle-ware and cloud based solutions that stand-alone or that can readily integrated with existing software. Its solutions enable end-users a level of operational visibility that is more easily accessible and significantly easier to implement than in the past.
Cautionary Statements Regarding Forward Looking Information
Certain statements in this press release constitute forward-looking statements, within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are “forward-looking statements”.
We caution you that such “forward-looking statements” involve known and unknown risks and uncertainties that could cause actual and future events to differ materially from those anticipated in such statements.
Forward-looking statements include, but are not limited to, statements with respect to commercial operations, including technology development, anticipated revenues, projected size of market, and other information that is based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.
BeWhere Holdings Inc. (the “Company”) does not intend, and does not assume any obligation, to update these forward-looking statements except as required by law. These forward-looking statements involve risks and uncertainties relating to, among other things, technology development and marketing activities, the Company–s historical experience with technology development, uninsured risks. Actual results may differ materially from those expressed or implied by such forward-looking statements.
Facebook: LinkedIn: https://www.linkedin.com/company/bewhere-inc-
Contacts:
BeWhere Holdings Inc.
Owen Moore
CEO
1 (844) 229-4373
You must be logged in to post a comment Login