Business
Gainclients, Inc. Announces Back to Back Strong Quarterly Revenue Numbers
Gainclients, Inc. Announces Back to Back Strong Quarterly Revenue Numbers.
About this update from Gainclients, Inc.
[{"type":"text","content":"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 Titl...