"An investment in knowledge pays the best interest."

ADVANCES PAYMENT TO STRATEGIC PARTNER REMOTE SALES FORCE FOR PRODUCT LAUNCH

 

Renoworks Software Inc. (RW.V) is providing an update regarding its strategic partnership with Remote Sales Force Inc. Renoworks recently advanced $90,000 (U.S.) to Remote Sales Force for product development and marketing of its software to contractors.

U.S.-based Remote Sales Force is a software-as-a-service provider devoted to changing the selling and buying process for the remodel industry in North America. Renoworks recently acquired a 33-1/3rd-per-cent interest in privately held Remote Sales Force (see press release dated Dec. 21, 2016). The brand new service integrates Renoworks visualizer technology with Remote Sales Force's functionality and enables contractors to sell remodel projects remotely.

"Renoworks has always been at the forefront of technological change in the remodel industry and leading the charge to bring innovative solutions to market," said Doug Vickerson, chief executive officer of Renoworks. "We look forward to exploring many synergies with Remote Sales Force, and our investment will be used to launch a tool we believe will help to change the remodel industry. This partnership will provide another platform over which Renoworks can exploit its industry-leading digital building products library and create an entirely new revenue stream for Renoworks."

About Renoworks Software Inc.

Renoworks Software develops and sells unique digital visualization software for the remodelling and new home construction industry, primarily in the United States and Canada.