MIAMI, November 2, 2021 – The publicly traded “life is better on the water” company Boatim Inc. (OTCQB: BTIM), has expanded its digital boating offerings into consumer mobile applications.This announcement of the pre-launch of the Boatim mobile application on the Apple App Store comes on the heels of recent news that adoption of Boatim’s software-as-a-service (SaaS) boat broker tools and over $2 billion of boats for sale in its marketplace have greatly exceeded expectations in 2021. In continuing in its mission of serving the needs of recreational boaters by creating the digital boating products of tomorrow, Boatim’s mobile app is for both the seasoned boater, professional boater, boat owner, boating enthusiast, and casual boating guest who simply wants to get away from the hustle of life for an afternoon, go on a sunset cruise, do some fishing, or feel the wind in their hair and spray of the water on their face. Boatim’s app turns a smartphone into a digital boating concierge capable of providing real time planning, tracking, communicating and sharing of the entire boat journey. Boatim will allow users to connect with millions of boaters worldwide and gain access to exclusive spots, offers, services and deals that can enhance their boating experience.
Boatim already provides web access to the world’s largest online boating marketplace where you can buy, sell, rent, charter, or trade your boat. “With the new app, we hope that everything a boater needs to have a safe and fun time on the water will be at their fingertips” explained CEO Joseph Johnson. “Boatim is focused on making the boating experience as pleasurable as possible - there is no reason why, in this day and age, anyone can’t have a blast out on the water and still be connected to the digital world.”
With a potential market of over 100 million digitally savvy boat users, Boatim’s mobile application would bring significant revenue into the company, bringing it closer to its goal of uplisting on the NASDAQ before 2023.
Until now, Boatim has publicly focused primarily on business to business SaaS products created to streamline and expedite boat buying. Recently, however, Boatim’s Charter Service was secretly launched and has begun matching Boatim members with charter vessels throughout the Mediterranean. As Boatim continues to professionalize and standardize the recreational boating industry, more digital tools, platforms, and inventions will be introduced.
Boatim expects to begin to receive revenue from these new products during the second quarter of 2022 but has not commented on planned pricing or given any further details.
About Boatim Inc.
Boatim Inc. (OTCQB: BTIM) is an innovative software as a service (SaaS) company building the digital boating products of tomorrow, operating a global online marketplace and special interest social network for both the boating industry and boat users.
Boatim Inc. was founded in 2018 and currently operates with offices in Miami (USA) and Barcelona (Spain). The technology start-up provides industry-specific software, aimed at facilitating the process of buying and selling boats and providing digital maritime services online.
On BOATIM.com the boating industry can sell and promote products and connect with a fast-growing potential customer base, while boat users can explore and buy boats, and connect with like-minded people and brands. The platform, that can be accessed through both mobile devices and desktops, generates revenues through listing placements and subscription plans, as well as on-platform ads. Thanks to the great business model scalability, more revenue streams will be added soon.
Since August 2019 the privately funded start-up has become a publicly listed entity, trading at the OTCQB Venture Market under the trading symbol BTIM.
To learn more about Boatim, visit https://investor.boatim.com
Forward Looking Statements
This press release contains forward-looking statements regarding our future business expectations, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors including: our ability to retain or increase users and engagement levels; our reliance on advertising revenue; our dependency on mobile operating systems, networks, and standards that we do not control; risks associated with new product development and their introduction as well as other new business initiatives; our emphasis on user growth and engagement and the user experience over short-term financial results; competition; litigation; privacy and regulatory concerns; risks associated with acquisitions; security breaches; and our ability to manage growth and geographically-dispersed operations. These and other potential risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed under the caption "Risk Factors" in our Annual Report on Form 10-K filed with the SEC on Dec 2, 2020, which is available via the SEC website at www.sec.gov. Additional information has also been set forth in our Annual Report on Form 10-K for the year ended Aug 31, 2020. In addition, please note that the date of this press release is November 2, 2021, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. We undertake no obligation to update these statements as a result of new information or future events.
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