MIAMI, October 1, 2021 / PRNewswire / – Boatim Inc. (OTCQB: BTIM), an innovative software as a service (SaaS) company that creates the digital nautical products of tomorrow, has announced the release of a mobile app.
“This mobile app will solve the problems that Google and other search engines have created for boaters,” said the CEO. Joseph johnson. “Boatim’s marketplace is already connecting boat buyers and sellers despite Google’s interference with their search results. We generate leads and help people find their boats. Now we’re using this technology to help people quickly find everything they need to enjoy their time on their boats, right from the palm of their hand. “
With a potential market of over 100 million digitally savvy boat users, Boatim’s mobile app would bring significant revenue to the company, bringing it closer to its goal of NASDAQ listing.
Until now, Boatim has mainly focused on business to business SaaS products created to streamline and accelerate the purchase of boats. Recently, however, Boatim’s charter service has been secretly launched and has begun to connect Boatim members with charter vessels throughout the Mediterranean.
Boatim expects to start collecting revenue from these new products in the second quarter of 2022, but has not commented on expected prices or given further details.
About Boatim inc.
Boatim Inc. (OTCQB: BTIM) is an innovative Software as a Service (SaaS) company creating the digital nautical products of tomorrow, leveraging a global online marketplace and social network of particular interest to the nautical industry and boat users.
Boatim Inc. was founded in 2018 and currently operates with offices in Miami (United States) and Barcelona (Spain). The tech 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 rapidly growing potential customer base, while boat users can explore and buy boats, and connect with people and brands sharing the same ideas. The platform, accessible through both mobile devices and desktop computers, generates revenue through listing placements and subscription plans, as well as advertisements on the platform. Thanks to the great scalability of the business model, other sources of income will soon be added.
Since August 2019, the privately funded start-up has become a publicly traded entity, trading on the OTCQB Venture Market under the trade symbol BTIM.
To learn more about Boatim, visit https://investor.boatim.com
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 forecasts 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 dependence on advertising revenue; our reliance on mobile operating systems, networks and standards beyond our control; risks associated with the development of new products and their introduction and other new business initiatives; our focus on user growth and engagement and the user experience on short-term financial results; competetion; litigation; privacy and regulatory concerns; risks associated with acquisitions; security failures; and our ability to manage growth and geographically dispersed operations. These potential risks and uncertainties, as well as others that could cause actual results to differ from expected results, are further detailed under the heading “Risk Factors” in our annual report on Form 10-K filed with the SEC on December 2, 2020, which is available on the SEC’s website at www.sec.gov. Additional information has also been provided in our Annual Report on Form 10-K for the year ended August 31, 2020. In addition, please note that the date of this press release is October 1, 2021, and any forward-looking statements contained therein these are based on what we believe to be reasonable assumptions as of that date. We assume no obligation to update these statements as a result of new information or future events.
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SOURCE Boatim Inc.