Renoworks builds on momentum by adding 37 new building products manufacturers to its digital
platform
CALGARY, March 14, 2017 /CNW/ - Renoworks Software
Inc. (TSXV: RW) (PINK SHEETS: RWOKF) ("Renoworks" or the "Company") is pleased to announce that during the fiscal
year ended December 31, 2016, its leading visualizer technology became the solution of choice for
37 new building products manufacturer customers.
Renoworks offers building products manufacturers a number of different digital marketing and sales solutions that highlight
the products they manufacture in a realistic, true-to-life manner. Many manufacturers choose to develop digital product
libraries with Renoworks in order to expand their distribution channel on the Renoworks PRO TM platform.
Others choose to incorporate the full Renoworks solution suite into different marketing and sales initiatives including - online
visualizers, mobile applications, builder and channel programs, or integrated pricing solutions.
Renoworks derives revenues through annual software licensing and fees associated with implementation.
"This increased number of new customers reveals the strengthening demand for our visualizer solutions and the superior results
provided to our valued clients," said Doug Vickerson, CEO of Renoworks. "For example, one of the
largest window and door manufacturers in North America declared that its consumers are five
times more likely to request an in-home consultation if they visited their online visualizer powered by Renoworks." Mr.
Vickerson added, "We generate revenues from four main business units and the manufacturer segment alone represents a
multi-million dollar market opportunity in North America. We have just scratched the surface and we intend to build on this
momentum in 2017, leveraging our industry leading digital building products library and suite of solutions to capitalize on this
tremendous opportunity."
By utilizing the Renoworks digital visualization platform, manufacturers of exterior and interior building products can
benefit from increased engagement on company or partner websites, an increased number of homeowner leads, a better understanding
of specific homeowner interests, and a rich compilation of user data they receive using the Renoworks platform.
About Renoworks
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 four main business lines:
Enterprise, Renoworks PRO, Renoworks GSB and Renoworks SDK (Software Development Kit). For more information, visit:
www.renoworks.com and www.renoworkspro.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.
SOURCE RenoWorks Software Inc.
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