50 Million Shares Returned to Business Warrior's Common Stock Treasury
June 25 2020 - 7:45AM
InvestorsHub NewsWire
50 Million Shares Returned to
Business Warrior's Common Stock Treasury
The Source for Small Businesses
Continues Impressive Subscriber Growth
TEMPE, AZ -- June 25, 2020 -- InvestorsHub NewsWire
-- Kading Companies
dba Business Warrior
(OTC
PINK: KDNG),
the source for small businesses in America to enhance their brand
and boost marketing results, announces that 50M shares of issued
common stock will be returned to the company's treasury from the
previous Chairman. This brings the issued common stock to 281M down
from 331M shares to the benefit of existing
shareholders.
This announcement
comes on the heels of the company's first public call for current
and potential shareholders. Current Chairman and CEO, Rhett
Doolittle, hosted the call and highlighted several areas the
company's results are on track or outperforming expectations.
Business Warrior's primary product is a software solution for small
businesses to improve marketing results and increase profits.
Doolittle shared that subscriber growth is increasing each month
consistently, their marketing results are outperforming
expectations, and they announced a major new product release for
July 15th.
Consistent Increase in Rate of Acquiring New
Subscribers
The company
announced that subscriber growth beat expectations and continues to
do so month over month. As COVID hit the United States, Doolittle
shared the strategy the company took to support businesses by
leveraging their software, which helped them adapt to the changing
environment. Business Warrior was able to increase new subscribers
immensely, solve problems for small businesses, and expand their
marketing reach.
In the last six
months, the company has had a 225% increase in their rate of
acquiring new subscribers, and they're on pace for a record month
in June. As of June 23rd, they've already surpassed May's results
with seven more days left in the month.
"The explosive
growth rate of subscribers is what all major SAAS companies strive
for and our team is feeling great about the stand we took for small
businesses when COVID hit the nation," explains Jonathan Brooks,
President of Business Warrior.
Marketing Results Outperform Expectations
During the call,
the company announced that their marketing results have massively
improved resulting in a cost per acquisition of $22 per new
subscriber. This is a decrease from $75 per new subscriber in
December. Despite the horrific economical effect of COVID, the
Business Warrior team has been able to market to small businesses
successfully.
With the improved
cost per acquisition, the company is scaling their marketing
efforts by tripling the number of advertising campaigns in July,
offering more resources to small businesses. This is a part of
their long-term strategy to be the source of peak performance and
marketing for small businesses.
"Being trusted as
the source for small businesses is beyond just helping small
businesses with marketing. It's using our platform to recognize the
most current problems facing small businesses and then creating
solutions to solve those problems," said Brooks.
Launch of Four New Products July 15th
The company
provided an early peak at their marketplace, which is being
launched on July 15th with four new solutions for their
subscribers. The solutions will be priced between $99 and $399 per
month on a recurring basis. These products were developed based on
the demand from their current customer base and solving the
problems that the Business Warrior
software found with their
customers.
This is the
largest product release the company has had since they launched the
platform last year and it's the key to the company getting
cash-flow positive next year. Doolittle explained on the call that
based on current performance and the strategy going forward they
are planning on being cash-flow positive by mid
2021.
Watch the Q1
2020 shareholder call - here
About Business Warrior
Business Warrior
is the source for small businesses in America to enhance their
brand and boost marketing results. The Business Warrior software
takes a holistic view of a business's online reputation, listings,
website search results and social media. Predictive algorithms are
utilized to recommend the most imperative actions needed to drive
new customers, positively impact daily operations and improve
profitability. For more information, please visit businesswarrior.com
Investor
Relations:
investors@businesswarrior.com
(855) 884-5805