/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
WIRE SERVICES/
CALGARY, Feb. 1, 2017 /CNW/ - Trakopolis IoT Corp.
(TSXV: TRAK), is pleased to provide an operational update.
Since commencing trading on the TSX Venture Exchange
("TSXV") on November
1st, 2016, the Company has executed the first
phase of its accelerated growth plan that focuses on positions that
will have an immediate impact on sales, subscriber and customer
growth. This includes 4 additional sales members in Canada (2), Texas (1) and Pennsylvania (1).
Through December, 2016 and January, 2017 the Company has closed
opportunities representing 1036 new devices to 51 customers. These
sales were to a variety of verticals including construction,
utilities, oil and gas, government, commercial services,
transportation and forestry.
The Company continues to see strong interest in our products and
services from our traditional offering and our new segments,
connected gas detection and electronic driver log books.
Brent Moore, CEO of Trakopolis
stated, "I am pleased with the speed and ability in which we were
able to recruit and on-board new staff and have been very
encouraged with operational results across the organization since
completing our going public transaction on the TSXV. Sales
from new and existing customers, combined with the positive
response to our new products and services confirm we are making
strong progress in achieving our growth plan."
About Trakopolis
Trakopolis is a Software as a Service (SaaS) company with
proprietary, cloud based solutions for real time tracking, data
analysis and management of corporate assets such as equipment,
devices, vehicles and workers. The Company's asset management
platform works across a variety of networks and devices. Trakopolis
has a diversified revenue stream from oil and gas, forestry,
transportation, construction, rentals, urban services, mining,
government and other.
NON-GAAP Financial Measures
"Closed opportunities" does not have any standardized meaning
under with International Financial Reporting Standards ("IFRS") and
therefore may not be comparable to similar measures presented by
other issuers. Closed opportunities are recognized upon
shipment of the hardware and activation of the subscription and
recorded in financial statements under hardware revenue and
subscription revenue upon satisfaction of the accounting criteria
for each revenue stream in accordance with ("IFRS"). The
Company highlights closed opportunities as a key metric in
measuring sales performance across all verticals.
Disclaimer for Forward-Looking Information
This news release includes certain "forward-looking
statements" under applicable Canadian securities legislation that
are not historical facts. Forward-looking statements involve risks,
uncertainties, and other factors that could cause actual results,
performance, prospects, and opportunities to differ materially from
those expressed or implied by such forward-looking statements.
Forward-looking statements in this news release include, but are
not limited to, statements regarding: the execution of the
strategic growth plan; the impact of new staff on sales, subscriber
and customer growth; legislative or regulatory changes; and the
business and operations of Trakopolis. Forward-looking statements
are necessarily based on a number of estimates and assumptions
that, while considered reasonable, are subject to known and unknown
risks, uncertainties and other factors which may cause actual
results and future events to differ materially from those expressed
or implied by such forward-looking statements. Such factors
include, but are not limited to: the ability for new staff to
generate sales, subscriber and customer growth; the ability of
Trakopolis to execute on its growth strategy; general business,
economic and social uncertainties; litigation, legislative,
environmental and other judicial, regulatory, political and
competitive developments, including legislative developments with
respect to ELOG; those additional risks set out in Trakopolis'
public documents filed on SEDAR at www.sedar.com; and other matters
discussed in this news release. Although Trakopolis believes that
the assumptions and factors used in preparing the forward-looking
statements are reasonable, undue reliance should not be placed on
these statements, which only apply as of the date of this news
release, and no assurance can be given that such events will occur
in the disclosed time frames or at all. Except where required
by law, Trakopolis disclaims any intention or obligation to update
or revise any forward-looking statement, whether as a result of new
information, future events, or otherwise.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Trakopolis IoT Corp.