CUPERTINO,
Calif., Jan. 16, 2025 /CNW/ - (TSXV:BWLK, OTCQB:
BWLKF) – Boardwalktech Software Corp. ("Boardwalktech"), the
leading digital ledger platform and enterprise software solutions
company, announces that a Fortune 500 client has signed a 5-year
extension to license and further deploy Boardwalktech's supply
chain solution. The customer is a food and snack manufacturer
generating $36 billion in annual
revenue. The Company expects the renewal to generate in excess of
US$300,000 of license revenue over
the term of this extension, not including potential professional
services work or usage-based upside revenue. Such competitive and
confidential terms cannot be disclosed at this time. This renewal
represents the third expansion by this customer from the initial
contract signed in and renewed since 2015. This deal, and the
expansion, was generated through one of Boardwalktech's partners –
a Fortune 500 consulting and financial services firm, with
additional active deals and referral via that partner expected this
year.
"This contract renewal is a testament to the
strengths of both Boardwalktech's supply chain solution as well as
our account management efforts, and the value customers derive from
our platform," said Andrew T.
Duncan, Chief Executive Officer of Boardwalktech. "Our
supply chain automation and informational intelligence solutions
turns unstructured and structured data into powerful tools that
drive customer efficiencies. This renewal adds to our existing
portfolio of Fortune 500 clients not only in food manufacturing but
also technology, telecommunications, and cosmetics, illustrating
the universality of our solutions. Our pipeline remains robust in
both supply chain and the banking verticals, and we look forward to
providing investors with more updates on our progress as we convert
our pipeline."
About Boardwalktech Software Corp.
Boardwalktech has developed a patented Digital
Ledger Technology Platform currently used by Fortune 500 companies
running mission-critical applications worldwide. Boardwalktech's
digital ledger technology and its unique method of managing vast
amounts of structured and unstructured data is the only platform on
the market today where multiple parties can effectively work on the
same data simultaneously while preserving the fidelity and
provenance of the data. Boardwalktech can deliver collaborative,
purpose-built enterprise information management applications on any
device or user interface with full integration with enterprise
systems of record in a fraction of the time it takes other
non-digital ledger technology-based platforms. Boardwalktech is
headquartered in Cupertino,
California with offices in India and operations in North America. For more information on
Boardwalktech, visit our website at www.boardwalktech.com.
Forward-Looking Information and
Statements
This press release contains certain
"forward-looking information" within the meaning of applicable
Canadian securities legislation and may also contain statements
that may constitute "forward-looking statements" within the meaning
of the safe harbor provisions of the U.S. Private Securities
Litigation Reform Act of 1995. Such forward-looking information and
statements are not representative of historical facts or
information or current condition, but instead represent only the
Company's beliefs regarding future events, plans or objectives,
many of which, by their nature, are inherently uncertain and
outside of the Company's control. Generally, such forward-looking
information or statements can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or may contain
statements that certain actions, events or results "may", "could",
"would", "might" or "will be taken", "will continue", "will occur"
or "will be achieved".
By identifying such information and statements in
this manner, the Company is alerting the reader that such
information and statements are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance, or achievements of the Company to
be materially different from those expressed or implied by such
information and statements.
An investment in securities of the Company is
speculative and subject to several risks including, without
limitation, the risks discussed under the heading "Risk Factors" in
the Company's filing statement dated May 30,
2018. Although the Company has attempted to identify
important factors that could cause actual results to differ
materially from those contained in the forward-looking information
and forward-looking statements, there may be other factors that
cause results not to be as anticipated, estimated or intended.
In connection with the forward-looking
information and forward-looking statements contained in this press
release, the Company has made certain assumptions. Although the
Company believes that the assumptions and factors used in
preparing, and the expectations contained in, the forward-looking
information and statements are reasonable, undue reliance should
not be placed on such information and statements, and no assurance
or guarantee can be given that such forward-looking information and
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
information and statements. The forward-looking information and
forward-looking statements contained in this press release are made
as of the date of this press release, and the Company does not
undertake to update any forward-looking information and/or
forward-looking statements that are contained or referenced herein,
except in accordance with applicable securities laws. All
subsequent written and oral forward-looking information and
statements attributable to the Company or persons acting on its
behalf is expressly qualified in its entirety by this notice.
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.
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SOURCE Boardwalktech Software Corp.