Gainclients, Inc. Announces Back to Back Strong Quarterly Revenue Numbers

Rhea-AI Summary

GainClients, Inc. (OTC PINK:GCLT) reported significant growth in quarterly revenues for the second consecutive quarter. The company's innovative Earnest Money Capture Solution has led to increased adoption by clients, allowing them to digitally collect earnest money deposits. In a year-over-year comparison, the company has achieved 893% growth, handling over $9 million in deposits. GainClients' business model includes recurring revenue from platform fees and one-time setup charges. The service streamlines the deposit process, reducing costs and enhancing efficiency for Title and Escrow Companies.

Positive

• Achieved 893% growth year-over-year in handling earnest money deposits.
• Successfully processed nearly $9 million in earnest money deposits.
• Consistent growth in client adoption of the Earnest Money Capture Solution.
• Revenue model includes recurring revenue streams from platform and check fees.

Negative

• None.

TUCSON, AZ / ACCESSWIRE / July 20, 2022 / GainClients, Inc. (OTC PINK:GCLT) ("GainClients" or the "Company") is pleased to announce that it has posted exponentially higher quarterly revenue numbers for the second quarter in a row. "Our Earnest Money Capture Solution has consistently impressed our clients, such that they are adding more branches every week," said Ed Laine, the Company's CEO.

GainClients has been helping Title and Escrow Companies collect earnest money deposits digitally since the beginning of the Pandemic. Their "Contactless Earnest Money Capture" was the perfect fit at a time of "Social Distancing." Any real estate transaction is typically initiated by an Agreement and an immediate deposit, made by the buyer of the property, to demonstrate "good faith." This deposit, in most states, is called an "earnest money deposit." GainClients' RDC Tool allows this deposit to occur digitally, saving clients thousands of dollars in courier fees and their employees' time.

The GainClients revenue model revolves around three primary revenue sources: set-up fees, monthly platform fees and deposit, or check fees. The platform fees and check fees are recurring. The set-up fees are larger in nature (a typical set up would be $500 per account), and are a one-time fee paid by the client.

"As our client base grows, so does our revenues. We have now scanned over 2000 checks for nearly $9 million in earnest money deposits. That makes for an 893% growth, year over year. And, we are starting to catch the eye of the Industry, having just been featured on the cover of ‘The Title Report' is quite an honor," said Laine.

GainClients has been a public company since 2001 (OTC:$GCLT) and was able to get Pink Current in 2021. This allowed the company to continue to focus on delivering solutions to market participants in the Real Estate Sector.

The Company's Remote Deposit Capture Service provides the ability to take a picture of an earnest money check and deposit it into a bank account from a remote location, such as an office or home, without having to physically deliver the check to the receiver. Proven to be secure by the banking industry, mobile remote depositing offers better protection against fraud, lost checks, and saves significant time and money for the Title and Escrow Companies that use the software.

For the real estate agent, the service will eliminate the time spent picking up checks from their buyer clients and fees charged by title companies. For title companies, it will reduce the millions spent on manual courier services and overnight shipping costs. In addition, the system will expedite the escrow opening process, as well as solving their disbursement and/or refunds to avoid becoming Dormant Funds. It's also a beneficial service from title companies to their REALTOR® partners that will strengthen existing relationships and forge new ones.

About GainClients, Inc.

GainClients products, the Remote Deposit Capture Tool or RDC, the GCard, and the Daily Opportunity Service, consist of custom formatted data and marketing services created for the real estate industry including real estate agents and brokers, lender brokerages, title/escrow and insurance companies and individual real estate, mortgage, and title and escrow professionals. Learn more at: http://www.thegainclientsway.com/.

For More Information:

GainClients

Ed Laine, at info@gainclients.com or at +1.206.229.5515;

Corporate Office: 6245 E Broadway Blvd., Suite 400, Tucson, AZ 85711

Cautionary Statements

This corporate update contains "forward-looking information" that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information 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 state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".

SOURCE: GainClients, Inc.

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FAQ

What is the recent revenue growth of GainClients, Inc. (GCLT)?

GainClients, Inc. reported an 893% year-over-year revenue growth, processing nearly $9 million in earnest money deposits.

How does GainClients' Earnest Money Capture Solution work?

The Earnest Money Capture Solution allows Title and Escrow Companies to digitally collect earnest money deposits, reducing costs and saving time.

What are the main sources of revenue for GainClients, Inc. (GCLT)?

GainClients generates revenue through setup fees, monthly platform fees, and check fees, with the latter two being recurring.

When did GainClients, Inc. achieve Pink Current status?

GainClients, Inc. achieved Pink Current status in 2021, facilitating its focus on delivering market solutions.