(Montreal, February 16, 2021) GOLO Mobile Inc., doing business as Usewalter (TSXV: WLTR) (“Usewalter” or the “Company”), is pleased to announce an integration arrangement with Hopem, a leading accounting software developer for the property management industry. This arrangement gives Usewalter access to over 400,000 new doors across Canada by leveraging apps that currently utilize Hopem’s software. As a connected solution, Usewalter can integrate its innovative SaaS-based smart building technology with the Hopem back-end platform, benefitting property owners that are striving to add value for existing tenants while attracting new potential renters with creative and convenient technology solutions.
This arrangement will support the ongoing capture of synergies between the two platforms, and is expected to expose the usewalter app to a new segment of property owners. Usewalter’s solution can connect to, and sync with, various back-end infrastructure platforms while offering a seamless front-end user interface through its usewalter property management app. With the app, residents are able to accomplish a variety of tasks, including connecting directly with landlords, managing parcel and food deliveries, ordering in-home services or reserving in-building smart lockers where applicable. This front and back-end integration combines to create a high value-add and ultra-convenient experience for both residents and property owners.
“As Usewalter continues to grow our client base and enhance our service offerings, we are very excited about working with a leading software firm like Hopem,” said Peter Mazoff, CEO of Usewalter. “Integrating our usewalter app with Hopem’s cutting-edge back-end platform expands the capabilities of both, allowing us to tap into a new market vertical for us, property owners of rental properties in the Montreal area. These owners are looking for an all-encompassing solution that can be rolled-out in a single deployment to all residents of a particular building and which provides ‘the one app no one can live without.”
Hopem’s broad-reaching market focus goes beyond just residential and commercial real estate properties to include retirement homes, as well as industrial, school and municipal asset management segments. These areas offer future potential expansion opportunities for Usewalter both through the Hopem arrangement but also as potential models that can be pursued in other jurisdictions as usewalter’s rate of usage and adoption continues to increase.
For over 30 years, Hopem has served property management organizations of all sizes through continued development and improvement of its real estate software. Hopem occupies an important place in the property management industry by servicing needs across the spectrum, including condominiums, income properties, retirement homes and commercial buildings. Hopem is a subsidiary of Harris Computer Systems, who provide versatile and turnkey solutions at all levels of local government, water and electricity utilities as well as schools across North America.
Usewalter, Inc. (TSXV: WLTR) is a smart building technology SaaS solution for property managers and residents in high-density urban environments, delivered through its usewalter app. Designed as ‘the one app no one can live without’, usewalter enables efficient and cost-effective management of a building across the key areas of communication, commerce and delivery and IoT management within multi-residential and commercial properties. Usewalter is positioned to leverage its first-mover advantage to access new Canadian and U.S. markets, secure additional partners and further build revenue momentum. The Company currently has no debt and significant insider ownership with affiliates of Blackstone Group L.P. and the funds comprising CVC Capital Partners VI. Learn more at www.usewalter.com.
For Further Information:
Peter Mazoff, Chief Executive Officer
Cindy Gray, Investor Relations
Forward Looking Information
When used in this news release, the words “will”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in these forward-looking statements and information in this news release are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. The forward-looking statements and information in this news release include, without limitation: the Company’s ability to execute its aggressive growth strategy to rapidly increase doors, expand geographically and enhance revenue; success being recognized as the app that no one can live without to manage their home and workplace; and growth of the multi-residential real estate sector.
With respect to the forward-looking statements contained in this news release, assumptions have been made regarding, among other things: the Company’s ability to achieve, sustain or increase profitability, and fund its operations with existing capital and/or raise additional capital to fund operations; expenditures by the Company, merchants and customers in the Company’s network; continuing demand for the Company’s services and the pricing of such services; the ability of the Company to market its services successfully to existing and new merchants and customers; the economy generally; competition in the mobile delivery, smart building technology and multi-residential real estate industries; stability of the general regulatory environment in which the Company operates; and the absence of significant disruptions to the Company’s operations such as may result from harsh weather, natural disaster, accident or other calamitous event.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the Company may require additional financing from time to time in order to continue its operations and financing may not be available when needed or on terms and conditions acceptable to the Company; there is no certainty that the Company will be able to realize the expected benefits or synergies of the Company’s rebrand; and the other risk factors that are set forth under the heading “Risk Factors” in the Company’s Management Information Circular dated July 23, 2020, which is available on SEDAR at www.sedar.com.
The Company cautions that the foregoing lists of assumptions and risks are not exhaustive. When relying on the Company’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing assumptions and risks and other uncertainties and potential events. The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company does not undertake to publicly update or revise the forward-looking information contained in this news release to reflect new events or circumstances, except as required pursuant to applicable laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) is responsible for the adequacy or accuracy of this press release.