Business
GainClients, Inc. Year End Numbers Look Promising
GainClients, Inc. Year End Numbers Look Promising.
About this update from Gainclients, Inc.
[{"type":"text","content":"TUCSON, AZ / ACCESSWIRE / February 14, 2023 / GainClients, Inc. (OTC PINK:GCLT) ("GainClients" or the "Company") is pleased to announce that it has posted its year-end financial statements for Fiscal Year 2022 and has once again, shown exponential growth in both; revenues and gross profit."In a year of 1st's and record breaking, we are excited to announce a 28x increase in sales and finally taking our gross profit out of the red. Our future is bright with great clients like Capital Title of Texas, as well as several others in many other states," said Ed Laine, the Company's CEO.Over the course of the year, the Company was able to double it's Customer Base and increases the branches they serve from 32 to 66. And from YE 2021's production to YE 2022, the Company saw a 25x increase in the number of checks scanned and this was all while the Market overall saw a severe slowdown from May 2022 on."The increase in interest rates concerned us, as it did everyone, but we also knew that the "life events" that cause people to buy and sell houses, would still be happening. And once buyers had the chance to grieve the disappearance of ‘two and three point something' rates, they would return to the Market. And they have." Laine continued, "We didn't even scan 200 checks in 2021 and yet, in 2022 we scanned over 4000".GainClients delivers a solution to Title and Escrow Companies to make the collection of earnest money deposits seamless and easy for their client base. The GainClients Remote Deposit Capture Solution ("RDC") is now fully operational with 12 different banks, including Wells Fargo Bank, First Interstate Bank, American Bank, American National Bank, Plains Capital Bank, NewFirst Bank, Allegiance Bank, Simmons Bank, Huntington Bank, Umpqua Bank, First Financial Bank, and now, Independent Bank."We are currently working on three additional bank connections and will make further announcements, once those are live", said Laine.Since going public in 2001, GainClients has been a preferred provider of Tech Solutions to the Real Estate Industry. With the Pandemic and the importance of Social Distancing, the Company's "Contactless Earnest Money Capture Tool" was the perfect fit for the time. And since all real estate transactions are initiated by an A...