- Partnership with KnockNok App will provide Tribe residents with
a one-stop shop for all their household maintenance and repair
needs, with over 50 services ranging from cleaning, appliance
repair, plumbing and heating, to home improvements.
- The KnockNok partnership adds to Tribe Market's robust service
offering of over 20 partnerships and is currently available to
Tribe-managed buildings on the platform in British Columbia and Ontario, with Alberta soon to be available in Fall
2023.
VANCOUVER, BC, July 27,
2023 /CNW/ - Tribe Property Technologies Inc.
(TSXV: TRBE) (OTCQB US: TRPTF) ("Tribe" or the
"Company"), a leading provider of technology-enabled
property management solutions, is pleased to announce a partnership
with KnockNok, an app aiming to connect people who need home
maintenance and repair services with experienced handymen. The
partnership will provide Tribe residents with a one-stop shop for
all their household maintenance and repair needs, with over 50
services ranging from cleaning, appliance repair, plumbing and
heating, to home improvements. Tribe residents will be offered an
exclusive discount, special care and priority, as well as a 60-day
free job warranty for every booked service request on the
platform.
"We are glad to be partnering with KnockNok to provide a new
service partnership for our Tribe communities." said Joseph Nakhla, Tribe CEO. "We recently completed
a survey of the owners and residents on our platform and the top
priority they were looking for in terms of services to simplify
their condo living experience was in-suite home/condo maintenance
and renovation services. Hence, we are extremely happy to be
bringing that service to our residents and to be adding this
service to our robust offering on the Tribe Market platform."
The service partnership with KnockNok will be available on the
Tribe Market platform, a marketplace designed to support efficiency
and financial ease for homeowners and residents of Tribe's
multi-family communities. Through Tribe Market, the Company can
curate offers that leverage group-buying power and help lower
household overhead of residents. With over 20 partnerships with
service providers ranging from internet, phone, cable, insurance,
food delivery, and more, residents can now search for services that
are important to their needs, while service providers can ensure
their offers are going to the most relevant audiences. The KnockNok
partnership is currently available on the Tribe Market platform
across all Tribe-managed buildings in British Columbia and Ontario, with Alberta soon to be available in the fall of
2023.
KnockNok COO Hazem Tarawneh
added, "We are delighted to be working with Tribe and look forward
to offering our services to the Tribe community of residents. We
see a huge opportunity for us to be of service to Tribe's
communities and recognize that we can fill an important need for
many multi-family communities of not having easy access to
experienced trades that can help with home maintenance and repair
services."
The agreement between Tribe and KnockNok was signed on
June 27, 2023.
About Tribe's Digital Partnership
Program
Tribe receives compensation from partners for use of the Tribe
Home platform. The Company's partners also commit to providing a
special offering for Tribe's homeowners/tenants allowing them to
take advantage of Tribe's group buying power. The type and amount
of compensation varies from partnership-to-partnership but
generally falls into one, or a combination, of the following
models:
- One-Time: Tribe receives a one-time fixed or variable fee for
each transaction that occurs through their platform; and/or
- Residuals/Recurring: After the initial transaction, the Company
receives ongoing revenue for as long as the service remains in
place.
About KnockNok App
The KnockNok App by Gaia Technologies features 50+
household repair and maintenance service categories and works with
both homeowners and property management companies. With operations
currently in Toronto, Vancouver, Houston, and Ottawa, and expansion plans throughout
USA and Canada, KnockNok aims to be the No. 1 Home
Maintenance Marketplace. The app has more than 3,000 trusted and
screened technicians and handymen to help customers in North America and is now launching
partnerships with property management companies in Ontario and British
Columbia. These partnerships will allow KnockNok to better
serve its mission and continue to drive innovation in the
industry.
About Tribe Property
Technologies
Tribe is a property technology company that is digitizing the
traditional property management industry. As a rapidly growing
tech-forward property management company, Tribe's integrated
service-technology delivery model serves the needs of a much wider
variety of stakeholders than traditional service providers. Tribe's
three revenue pillars are made up of software and service
(recurring licensing and management fees), transactional (rent or
condo fees, banking services, lease-ups) and digital services and
partnership (smart building products, financial and insurance
service) revenue. Tribe seeks to acquire highly accretive targets
in the fragmented North American property management industry and
transform these businesses through streamlining and digitization of
operations. Tribe's platform decreases customer acquisition costs,
increases retention, and allows for the addition of value-added
products and services through the platform.
Visit tribetech.com for more information.
ON BEHALF OF THE BOARD
"Joseph Nakhla"
Chief Executive Officer
Tribe Property Technologies Inc.
Joseph Nakhla
Chief Executive Officer
1606-1166 Alberni Street
Vancouver, British Columbia V6E
3Z3
Phone: (604) 343-2601
Email: joseph.nakhla@tribetech.com
Cautionary Statement on
Forward-Looking Information
Neither the 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.
This news release contains forward-looking information within
the meaning of applicable Canadian securities laws regarding the
Company and its business. When or if used in this news release, the
words "anticipate", "believe", "estimate", "expect", "target,
"plan", "forecast", "may", "schedule" and similar words or
expressions identify forward-looking information. Forward-looking
information in this news release may relate to statements with
respect to the aims and goals of the Company; financial
projections; growth plans including future prospective
consolidation in the property management sector; future
acquisitions by the Company; beliefs of the Company with respect to
the independent owner-investors market; prospective benefits of the
Company's platform; prospective benefits of the KnockNok
partnership; and other factors or information. Such information
represents the Company's current views with respect to future
events and are necessarily based upon several assumptions and
estimates that, while considered reasonable by the Company, are
inherently subject to significant business, economic, competitive,
political, and social risks, contingencies, and uncertainties. Many
factors, both known and unknown, could cause results, performance,
or achievements to be materially different from the results,
performance or achievements that are or may be expressed or implied
by such forward-looking information. The Company does not intend,
and do not assume any obligation, to update forward-looking
information to reflect changes in assumptions or changes in
circumstances or any other events affecting such statements and
information other than as required by applicable laws, rules, and
regulations.
SOURCE Tribe Property Technologies Inc.