Boatim Announces Fall 2021 SaaS Product Update

Rhea-AI Summary

Boatim, Inc. (OTCQB:BTIM) announces significant upgrades to its SaaS for boat brokers and dealers, enhancing self-onboarding and providing real-time metrics for better sales tracking. The platform generates thousands of leads, aiming to reduce sales costs and accelerate transactions. Boatim's marketplace improvements include advanced search functions and over 20,000 potential app downloads since its announcement. The company requested an extension for its Form 10-K filing, expected within 15 days, signaling ongoing operational growth and development.

Positive

• New SaaS upgrades enhance user experience and real-time tracking.
• Generates thousands of sales leads, reducing selling costs.
• Over 20,000 pre-orders for the new app within the first month.

Negative

• Requested an extension for Form 10-K filing, indicating potential delays.

MIAMI, FL / ACCESSWIRE / December 1, 2021 / Boatim, Inc.(OTCQB:BTIM), the leading provider of consumer driven digital products and services for the recreational boating industry, and home of the world's most intuitive online boat buying marketplace, announces new tools and upgrades to the Boatim Enterprise Resource Planning (ERP) Software-as-a-service (SaaS) for professional boat brokers and dealers. With its newest iteration, Boatim's SaaS has become more fluid in self-onboarding, provides real-time metrics for inventory, listing, and sales funnels, and allows users to track the lead generation and listing trends of their inventory.

Boatim's SaaS is used by almost 10% of the industry and generates thousands of sales leads to its users, decreasing the cost of selling a boat while increasing the speed of closing the sale. User license subscriptions can be purchased directly through Boatim after completing a free 90-day trial period. Boat Boosters allow both professional and hobbyists to match their vessel with a potential buyer through Boatim's proprietary technology, and can be purchased in bundles or individually.

As the SaaS division of Boatim continues to grow, so does the Boat International Marketplace, with new search functions, filters, and user interface to allow quicker access to the most relevant vessels based on Boatim's proprietary Search Burrowing technology. Boatim continues its app development and pre-order has exceeded expectations with over 20,000 potential downloads in the first month since CEO Joseph Johnson's announcement of the upcoming app.

Boatim recently filed a Form 12b­25 requesting an extension to file its Form 10­K for the period ended August 31, 2021, and expects to file Form 10­K for the period ended August 31, 2021 within the next 15 days.

About Boatim Inc.

Boatim Inc. (OTCQB: BTIM) is the leading provider of consumer driven digital products and services for the recreational boating industry, and home of the world's most intuitive online boat buying marketplace. Boatim operates a global online marketplace and special interest social network for both the boating industry and boat users, as well as a SaaS for professional boat sellers.

Boatim Inc. was founded in 2018 and currently operates with offices in Miami (USA) and Barcelona (Spain). The technology start-up provides industry-specific software, aimed at facilitating the process of buying and selling boats and providing digital maritime services online.

On Boatim.com the boating industry can sell and promote products and connect with a fast-growing potential customer base, while boat users can explore and buy boats, and connect with like-minded people and brands. The platform, that can be accessed through both mobile devices and desktops, generates revenues through listing placements and subscription plans, as well as on-platform ads. Thanks to the great business model scalability, revenue streams are being added continuously.

Since August 2019 the privately funded start-up has become a publicly listed entity, trading at the OTCQB Venture Market under the trading symbol BTIM.

To learn more about Boatim, visit https://investor.boatim.com

Forward Looking Statements

This press release contains forward-looking statements regarding our future business expectations, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors including: our ability to retain or increase users and engagement levels; our reliance on advertising revenue; our dependency on mobile operating systems, networks, and standards that we do not control; risks associated with new product development and their introduction as well as other new business initiatives; our emphasis on user growth and engagement and the user experience over short-term financial results; competition; litigation; privacy and regulatory concerns; risks associated with acquisitions; security breaches; and our ability to manage growth and geographically-dispersed operations. These and other potential risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed under the caption "Risk Factors" in our Annual Report on Form 10-K filed with the SEC on Dec 2, 2020, which is available via the SEC website at www.sec.gov. Additional information has also been set forth in our Annual Report on Form 10-K for the year ended Aug 31, 2020. In addition, please note that the date of this press release is December 1, 2021, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. We undertake no obligation to update these statements as a result of new information or future events.

Boatim® and Smart Connected Inventory® are registered trademarks of Boatim, Inc. All product names, trademarks and registered trademarks are property of their respective owners.

© 2021 Boatim, Inc., All Rights Reserved.

SOURCE: Boatim, Inc.

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FAQ

What new features were announced for Boatim's SaaS?

Boatim announced upgrades that enhance self-onboarding and provide real-time metrics for better inventory and sales tracking.

How many potential app downloads did Boatim receive?

Boatim received over 20,000 potential app downloads in the first month after its announcement.

When does Boatim expect to file its Form 10-K?

Boatim expects to file its Form 10-K within the next 15 days after requesting an extension.

What is the primary benefit of Boatim's SaaS for boat brokers?

The primary benefit is that it generates thousands of sales leads, thus reducing the cost of selling boats and increasing transaction speed.