Business
GainClients, Inc. Announces Best Revenue Numbers in Literally Decades
GainClients, Inc. Announces Best Revenue Numbers in Literally Decades.
About this update from Gainclients, Inc.
[{"type":"text","content":"TUCSON, AZ / ACCESSWIRE / April 27, 2022 / GainClients, Inc. (OTC PINK:GCLT) ("GainClients" or the "Company") is pleased to announce that it has posted it largest revenue quarter in over 16 quarters."The Company's Earnest Money Capture Solution has impressed clients and users all over the United States and their marketing and sales team has more clients in their sale pipeline, which means these sorts of numbers are going to become a consistent for them," 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 $500 per account), and are a one-time fee paid by the client."We have launched 40 client sites in the 1st quarter of the year. We have received over 1000 earnest money deposits over that same period. We are on the path to profitability and growth. I just want to thank our shareholders for supporting us all these years," said Laine.GainClients has been a public company since 2001 (OTC:$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 sig...