Tekumo Enters the Digital Media Support Vertical with OnPremise Networks

Rhea-AI Summary

Balincan USA Inc. (OTC: BCNN) announced a partnership with OnPremise Networks to enhance digital signage solutions for community media. The collaboration aims to drive sustainable revenue growth by leveraging digital advertising's rapid expansion, projected to grow from $3.6 billion in 2016 to $8.4 billion by 2023. OnPremise Networks will utilize Tekumo's service platforms, enhancing installation and maintenance capabilities. Tekumo offers three main product lines: SMART for connected devices, IQ for real-time data access, and PRO for connecting enterprises with skilled labor. Balincan plans a name and symbol change to Tekumo, Inc., pending FINRA approval.

Positive

• Partnership with OnPremise Networks enhances digital signage revenue potential.
• Growing digital advertising market projected to reach $8.4 billion by 2023.
• Tekumo's service platforms improve scalability and reliability for installations.

Negative

• Dependence on third-party services may pose operational risks.
• Forward-looking statements indicate potential for significant deviations from projections.

NEW YORK, Feb. 23, 2023 (GLOBE NEWSWIRE) --  Balincan USA Inc. (OTC: BCNN, TKMO pending FINRA approval, "Balincan" or the "Company") announces a support partnership with leading digital media provider, OnPremise Networks.

OnPremise Networks (OnPremise) creates a digital signage news and information network for community newspapers, magazines, and radio stations to expand their ad offering and enable significant and sustainable revenue growth. Service solutions and tracking is essential for OnPremise as it allows the company to quickly identify and respond to issues or anomalies in their networks. 

Digitization of outdoor advertising is occurring at a rapid pace--between 2016 and 2023, the global digital out-of-home industry is expected to grow from $3.6 Billion to $8.4 Billion. Hardware and in-field IoT has the potential to revolutionize advertising by enabling advertisers to target consumers with personalized and relevant ads in real-time based on their location, behavior, and preferences. With IoT monitoring in real time, companies can focus on the age, gender, and other characteristics of people passing by and display ads can be tailored to a customer's demographic.

Facing the rapid growth of digital advertising, scalability is paramount.

“After several years of growth and projections of expansion into new geographies, we recognized that scaling the installation and maintenance services would be a challenge” states President Andrew McKenna. “Tekumo not only exceeded our expectations of reliability and quality, but through their TekumoPRO platform gave us access to a nationwide network of highly skilled technicians and real-time access to every step of our service engagements.” 

By 2023, 50% of advertisers expect to invest in out-of-home digital networks, creating an ever-growing need for risk mitigation and service solutions that are manageable and sustainable by platform operators. “One of the key areas where we thrive in this sort of environment is giving our customers direct access into the Tekumo platform, and the rich real time data that it provides. This allows for scale, consistency, and quality of solutions” said Graham King, Chief Operating Officer of Tekumo.

Tekumo offers three main product lines.

TekumoSMART delivers the complete service platform for smart connected devices. It installs, monitors, and manages sensors, devices gateways, hubs, and data for multiple verticals including Multiple Dwelling Units (MDU’s), Quick Service Restaurants (QSR’s), Assisted Living, Retail, Hospitality, Utilities, Builders, Insurance, and Healthcare – all with 24/7 onsite support.

TekumoIQ provides real-time data from all connected assets in a single pane-of-glass via Tekumo dashboards or directly delivered into any client ecosystem.

TekumoPRO is a service delivery platform that connects enterprises, retailers, and OEM’s with local skilled resources to install and maintain technology systems. It delivers a smarter dynamic workforce, intelligent automation, real-time visibility, and full integration into client service management systems.

Tekumo is headquartered in Colorado Springs, Colorado.

About Balincan USA, Inc.

Balincan USA, Inc (OTC: BCNN) is an alternative reporting publicly held company that wholly-owns Tekumo LLC. A formal name and symbol change to Tekumo, Inc., TKMO has been filed. Subject to FINRA approval.

For more details related to the Company, please see the Company's Current Disclosure filed with OTC Markets on February 14, 2023.

Safe Harbor:

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements, as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the Company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the Company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the Company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The Company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

Colorado Springs, CO
Timothy Simpson, Investor Relations
719-900-4535

FAQ

What is Balincan USA's stock symbol?

Balincan USA Inc. trades under the stock symbol BCNN.

When was the partnership with OnPremise Networks announced?

The partnership was announced on February 23, 2023.

What services does Tekumo provide?

Tekumo offers platforms for managing connected devices, real-time data access, and service delivery solutions.

What is the expected growth of the digital advertising market?

The digital advertising market is expected to grow from $3.6 billion in 2016 to $8.4 billion by 2023.

Is Balincan USA changing its name?

Yes, Balincan USA Inc. plans to change its name and stock symbol to Tekumo, Inc., subject to FINRA approval.