Business
Martello Recurring Revenue Model Offers Stability in Volatile Market Conditions
Martello Recurring Revenue Model Offers Stability in Volatile Market Conditions Ca...
About this update from Martello Technologies Group, Inc.
[{"type":"text","content":"\n\n\n\nMartello Recurring Revenue Model Offers Stability in Volatile Market Conditions\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nOTTAWA, March 17, 2020\n\n\n\nBusiness update for investors underscores company's disciplined approach to building MRR while highlighting opportunities in remote work.\nNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.\n OTTAWA, March 17, 2020 /CNW/ - Martello Technologies Group Inc. (TSXV: MTLO) (\"Martello\" or the \"Company\"), a leading provider of solutions that deliver clarity and control of real-time services on more than 5,000 networks in 175 countries around the world, today shared a business update for investors. As businesses around the world shift to a remote work model as a result of the Coronavirus disease (COVID-19), Martello has seen an increase in inquiries related to remote work. The Company continues to focus on the growth of its approximately $1M in monthly recurring revenue (MRR) and the health and safety of its employees around the world. As capital markets weather increased volatility, Martello's recurring revenue model provides predictability and upside for investors.\n\n \n \n \n \n \n \n\n \n\"Our employees, themselves working remotely, are helping our customers implement the tools they need to keep their IT infrastructure running smoothly and ensure business continuity\", said John Proctor, President and CEO of Martello. \"We believe that our disciplined approach to building MRR, which represents about 90% of total revenue, provides our investors with stability and predictability amid the uncertain market conditions we are currently experiencing\".\nVOIP Networks, Mitel's Northeast Partner of the Year for the Americas, has many customers with distributed businesses that rely on Mitel video conferencing and communication solutions for remote real-time collaboration. \"Martello's technology is a facilitator of remote c...