Digital Asset DirectSUMMER'S TRENDING PRODUCTS
News Media Group, Inc.
Contact Details Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/
June 30, 2023 06:00 AM Eastern Daylight Time
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Digital Asset Direct
News ReleasePhiladelphia’s Future Female Leaders Attend Free Construction Camp for Girls throughout Summer of 2023
NEST
Local Philadelphia-area girls entering 7 th through 12 th grade will attend a free construction camp this summer to provide real-world experience, mentorship, and education about the opportunities that exist in the construction industry, regardless of gender. The camp is called MyWIC, which stands for Mentoring young Women In Construction, and will take place in Philadelphia between Thursday, July 6 through Friday, Aug. 11. MyWIC is run by the NAWIC Philadelphia Foundation, which partnered with companies like NEST, a leading national facilities management company, and Girls Inc. of Greater Philadelphia & Southern Jersey to make it a reality. The camp strives to create a sustainable labor pool in the construction industry while exposing young women to careers they may not have previously considered. The Philadelphia Youth Network Work Ready also provides funding to cover a portion of the cost. “MyWIC is developing America’s next generation of female leaders by teaching them about the construction and skilled trades industry,” said Mary Gaffney, NAWIC Phila. Foundation President. “Females make up only about 10% of the construction industry, and there are incredible opportunities to build a career in the skilled trades. By the end of the camp, we see a tangible increase in the girls’ self-confidence, self-esteem, and overall self-image.” “The construction industry and the skilled trades offer so many opportunities for future careers that are in high demand, not only in Philadelphia but across the country,” said Rob Almond, CEO of NEST, which is based in South Jersey. “The MyWIC camp is a summer-long tradition that shows the girls the incredible career opportunities in our industries. The girls learn that construction is so much more than swinging a hammer.” The construction camp will take place at several trade locations throughout the Philadelphia area during July and August. Each day, the girls will learn about a specialty within the trades, including carpentry, sheet metal, safety training, electricians, finishing trades, steamfitters, plumbers, and retail construction. The attendees of the camp are coordinated by Girls Inc. of Greater Philadelphia & Southern Jersey. About Mentoring Young Women In Construction Mentoring young Women In Construction (MyWIC) is a free, construction industry, day camp for 7 th through 12 th -grade girls in the Philadelphia region. MyWIC is organized and run by the NAWIC Philadelphia Foundation, a 501(C)3 non-profit organization, and sponsored by various organizations throughout the Philadelphia region. About National Association of Women in Construction With more than 115 chapters across the country, the National Association of Women in Construction (NAWIC) offers its members education, support, and networking to help advance women’s careers in construction, build their technical skills, and become leaders. NAWIC’s core purpose is to strengthen and amplify the success of women in the construction industry from tradeswomen to business owners. The Philadelphia Chapter of NAWIC and the NAWIC Philadelphia Foundation are volunteer organizations. About Girls Inc. of Greater Philadelphia & Southern New Jersey Girls Inc. of Greater Philadelphia & Southern New Jersey has been serving girls and young women in the Greater Philadelphia region since 1961, originally as Teen Aid. In collaboration with schools, community partners, the juvenile justice system, shelters, corporations, and approximately 300 volunteers, we provide programs for thousands of girls and young women in the Philadelphia region’s most under-resourced communities each year. Our holistic approach recognizes that empowering girls to be successful, independent women requires that they have the tools to make healthy decisions about their bodies, receive academic enrichment, are exposed to mentors who work in a broad range of careers, have strategies to deal with bullying and violence, and parents/caregivers engaged in their success. About NEST NEST is the pioneer of the Integrated Facilities Management (IFM) industry in the United States and Canada. Founded in 1994, NEST delivers day-to-day tactical management of facilities, financial consulting, analytics, project management, and construction for major multi-site brands across North America. NEST provides 360° support 24 hours a day through one comprehensive facilities management solution that drives cost savings while maintaining an exceptional customer experience. To learn more about NEST, visit enterNEST.com or follow NEST on LinkedIn. Contact Details Eric PR & Marketing, LLC Eric Nemeth +1 602-502-2793 nemeth@ericpr.com Company Website http://www.enternest.com
June 27, 2023 12:37 PM Eastern Daylight Time
News ReleaseGarde Robe by UOVO Launches App and Expands into Bridal
Garde Robe by UOVO
Garde Robe by UOVO, the leading wardrobe storage and services firm established in 2001, is pleased to announce a first of its kind digital closet app as well as dedicated bridal storage services. The MyCloset app represents Garde Robe by UOVO’s commitment to providing its clients with a unique and seamless level of service. The app fuses the Garde Robe by UOVO experience with the most up to date digital technology. OrbitVu 360° cameras photograph items to be uploaded to each account for inventory and insurance purposes. Clients can then view and access their wardrobe on the app and schedule seamless, white-glove pick-up and delivery. Soon to come is the shareable MyStyle function where clients or their stylist can create and save looks based on items in their Closet. For example, a client or stylist can create looks in the app, then Garde Robe by UOVO will pull, pack and ship domestically and internationally, ideal for special occasions, change of seasons or luggage-free travel. Garde Robe by UOVO is also introducing storage services specifically dedicated to bridal to provide clients with a luxury alternative to the common practice of pushing your beloved gown to the back of your closet or storing with a local dry cleaner. Clients can have their gown, suit and accessories cleaned by a third party and prepped for storage, or Garde Robe by UOVO will assess the needs of the gown and other garments onsite to be packed in acid-free tissue in a custom size box with specific care requirements to ensure long-term preservation. “We are thrilled to introduce the My Closet app and bridal storage services to our clients,” said Brennan Lowery, General Manager, Garde Robe by UOVO. “Our goal is to always meet and exceed our clients’ needs with the most innovative technology, services, and facilities possible. The MyCloset app brings a new level of ease and access, so that clients can interact with their wardrobe and collections as if they’re shopping on a luxury e-commerce platform. Additionally, clients can choose to work directly with their Wardrobe Manager for direct, custom one-to-one service.” Like UOVO at large, Garde Robe by UOVO is more than just storage. Staffed by professionals with dedicated expertise and scholarship within the field of fashion, Garde Robe’s suite of services is on par with luxury hospitality and museum-grade archiving and preservation. All clients have access to climate-controlled storage, preservation, shipping, luggage-free travel, private viewing rooms, archiving, cataloging, mending, and cleaning at three state-of-the-art UOVO facilities that are specifically outfitted for garment and accessories care in Brooklyn, Los Angeles and Palm Beach. The announcement of these expanded services reflects an ambitious new chapter of increased resources, services, and capacity under new ownership for Garde Robe by UOVO. UOVO, which began as a boutique art storage and collection management company, has expanded its portfolio to include wine and fashion, acquiring Garde Robe in 2021, and more recently, Domaine, the premier storage, advisory and logistical firm for wine connoisseurs in the U.S. market, earlier this year. UOVO Fashion is equipped to manage the collections and wardrobes of commercial and private clients with enhancements to existing services and expansion into new offerings. Garde Robe by UOVO offers more than just wardrobe storage to create a unique experience on par with elite hospitality. Operating at a concierge level, Garde Robe by UOVO offers comprehensive stewardship of both world class brand and personal collections at state-of-the-art facilities across the U.S. Our suite of services includes maintenance, preservation, archiving, cataloging, luggage-free delivery and storage, managed through one-to-one personal relationships as well as full digital optimization. Contact Details Garde Robe by UOVO Malinda Torres Rebholz +1 917-699-6665 mtorres@ogakidigital.com Company Website https://garderobeonline.com/mycloset/
June 27, 2023 09:00 AM Eastern Daylight Time
News ReleaseIntroducing Borderless: The New Way to Build and Share VR Experiences
Borderless
Today, Borderless announces that its free, no-code, virtual reality (VR) experience creation platform will soon be available to the public. Previously for enterprise use only, the platform will now make VR more accessible, scalable, and adaptable for organizations, brands and creators worldwide. It is currently compatible with leading VR headsets like Meta Quest and Pico Neo, with plans to include the Apple Vision Pro. “VR is a powerful technological asset, and Borderless aims to make it approachable and powerful, to the technical and non-technical alike,” says Matt Robison, founder and CEO of Borderless. “We’re knocking down barriers to entry and aim to become the platform for creating and sharing immersive experiences; ones that have the potential for lasting positive impact.” Borderless is already trusted by enterprise clients including a major consumer electronics brand, a top retail training provider, and educational nonprofit, Act One. It simplifies the creation and delivery of VR experiences for a wide range of use. With the platform open and available to anyone, organizations can design and update learning and development programs to train employees, brand marketers can build and share immersive activations, educators can transport students to new places, and artists can bring their work to audiences in new ways. Borderless allows individuals and organizations to build immersive experiences in minutes with no headset required. Users can upload 180° or 360° video and images, and create interactive quizzes or surveys all in a simple, web-based tool, previewing their work as they go. A Unity uploader will also allow 3D creators to bring their work, including games, into the platform. Customizable environments tie a complete experience together. Once an experience is created, users can deploy to their compatible devices, from headsets to tablets, simultaneously. Borderless makes it easy for users to keep up with managing their content—from creating and deploying to collecting analytics. “With the Borderless platform, we’ve been able to transport thousands of students in Arizona to places they would never get to see,” said Rachel Yanof, Executive Director, Act One. “Our first VR field trip featured Chicago-based artist Sentrock, a Mexican-American muralist originally from Arizona. We wanted to create inspiring trips grounded in relatable stories that showed students a broader world where people just like them went on to express themselves through art. While there are similar learning opportunities between a traditional arts field trip and VR, we could go even deeper into storytelling with the virtual experience content we created using Borderless.” Starting today, you can check out the official sizzle reel here and sign up at borderlessvr.com to be the first notified about its official debut in the fall with your first look at the no-code platform demo here. ABOUT BORDERLESS Borderless is a company founded on the belief that extended reality experiences have the ability to change the world. Its product is designed to increase accessibility to VR experience creation, and simplify the delivery of content from corporate training to brand experiences to school field trips and beyond. The company's no-code platform is a powerful tool in bringing experiences and products to life for some of the biggest brands in the world today. For more information, visit borderlessvr.com. Contact Details Kite Hill PR for Borderless Geanna Diaz geanna@kitehillpr.com Company Website https://borderlessvr.com/
June 27, 2023 09:00 AM Eastern Daylight Time
News ReleaseAmerican Businesses Want Secure Borders and a Modernized Immigration System to Help Address Worker Shortages
YourUpdateTV
A video accompanying this announcement is available at: https://youtu.be/cyDh_POE9fg There might as well be a giant “Help Wanted!” sign over the United States. The economy has bounced back from the pandemic lows, but companies have been struggling to meet their workforce needs to keep up with the surge in demand for everything from household products to cars. At the same time, the crisis level situation on our southern border is not abating, as the U.S. Border Patrol has seen 133,000 more border crossings through April of this fiscal year than during the same period of time in last year’s record-shattering totals. The U.S. currently has approximately 10.1 million job openings, while there are 6 million people unemployed and looking for work. The worker shortfall has also emerged as a key factor driving persistent inflation and higher interest rates. Securing our borders and modernizing our immigration system can help us confront these challenges. Many people wonder given the seriousness of these issues and the polarization in Congress if any real progress can be achieved on border security and immigration reform? The U.S. Chamber of Commerce believes not only that it can be done, but that it must be done. The immigration challenges we face today didn’t arrive at our doorstep overnight; they’ve been around for decades and have only grown in size and severity due to many years of congressional inaction. The U.S. Chamber of Commerce is leading the LIBERTY Campaign (Legal Immigration and Border Enforcement Reform This Year) with over 430 national, state, and local business associations. The campaign launched with a letter calling upon Congress to address the crisis at our border and the critical workforce shortage before the year’s end. Many experts believe that expanding legal immigration to the U.S. would help spawn economic output by driving much needed labor force growth at a time when America’s population growth is stagnating. A nationwide media tour was conducted on June 20 th featuring Neil Bradley from the U.S. Chamber of Commerce, discussing why Congress cannot afford to wait any longer to secure our borders and modernize our broken immigration system. Topics that Neil Bradley from the U.S. Chamber of Commerce discussed included: How serious our border and legal immigration problems are. What the consequences will be if Congress foregoes fixing the problems on our borders and within our legal immigration system. How a modern, pro-growth immigration system will help address the chronic workforce issues plaguing many American employers today and other economic problems we’re suffering from. Why the Chamber launched the LIBERTY Campaign with over 430 other associations. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com
June 26, 2023 03:00 PM Eastern Daylight Time
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News ReleaseAuto Parts 4Less Group, Inc. Unveils Significant Business Progress and Future Plans in Latest Investor Update
Auto Parts 4Less Group Inc
Auto Parts 4Less Group, Inc. (OTCQB: FLES ) (“Company”, “FLES”), the operator of AutoParts4Less.com, a specialized automotive parts marketplace, is pleased to provide an investor update. Dear Investors, I hope this message finds you well. We are excited to share our accomplishments over the past eight months, the challenges we've faced, and our plans for the future. Company Performance Overview We have made significant strides in expanding our product range. We now boast over 5.3 million products in our catalog. This is an incredible milestone, a result of our continued efforts to attract the largest and best sellers worldwide to our marketplace. Product Search and User Experience Recently, we launched Elastic Search, a significant improvement to our top-down funnel search on the platform. This enables our customers to easily find what they're looking for by simply typing it in. This project took a bit longer than expected, but we're pleased to see it live and running. We'll continue to improve this functionality in the coming months and years. Our landing page also underwent minor updates to enhance the buyer and seller experience on our site, a constant endeavor to ensure customer satisfaction. Business-To-Business Program The other major project in the works is our B2B program, which we believe is the future of our company. It will benefit sellers and buyers alike. For instance, small businesses, tire centers, and install centers across America will have the chance to register and apply to buy as a wholesale buyer, gaining access to significant savings. This feature, set to go live in the first or second week of July, is a feature we believe will revolutionize the ecosystem in which we operate. Financial and Operational Efficiency We are heavily focused on cost reduction and the economics of marketplaces, which are proven to be cost-effective business models. While we are eager to grow, we understand that growth can be costly, and we are striving to balance our growth goals with financial efficiency. This is all with a view to achieving profitability as quickly as possible. Capital Market Challenges As most investors are aware, our goal was to list on the NASDAQ. However, due to unforeseen circumstances in the capital markets, we were unsuccessful and had to withdraw our S-1 registration statement. This has put us in a challenging position in terms of raising capital. Future Funding Prospects We're actively exploring various funding options to overcome our financial challenges. Details are premature at this stage, but rest assured, we're committed to securing a robust financial future for our company and stakeholders. Updates will be shared as we make progress. Company Leadership On the leadership front, I have taken over all responsibilities for our subsidiaries and parent company after the retirement of Tim Armes, our former board chairman. I am excited and enthusiastic to lead our company forward and continue to grow our presence in the auto parts industry. Financial Reporting We acknowledge that our filings have been late and are making every effort to bring them up to date. The reality is that audits are expensive, and our limited access to capital made it difficult to initiate them on time. However, we've already invested a substantial amount in an audit, with the goal of completing it by the end of July. In conclusion, we remain dedicated to overcoming the current challenges and moving forward with our strategic plans. We're excited for what's to come and sincerely appreciate your support and patience during these times. We will keep you informed about any new developments and remain committed to ensuring our company thrives in the long run. Thank you for your continued support and belief in our vision. Christopher Davenport CEO Auto Parts 4Less Group Inc About Auto Parts 4Less Group, Inc. Auto Parts 4Less Group, Inc. (the “Company”) entered the online auto parts business in 2015, selling lift kits and other aftermarket accessories for Jeeps, Trucks, and SUVs on eBay and Amazon. In early 2020, the company began developing AutoParts4Less.com as a multi-seller enterprise-level marketplace dedicated to consolidating the $500 billion annual aftermarket automotive parts industry, including cars, trucks, boats, motorcycles, and RVs, on a single platform. AutoParts4Less.com officially launched with around 2 million parts from over 25 parts sellers in November 2022. For more information about Auto Parts 4Less Group, Inc., please visit AutoParts4LessGroup.com Forward-Looking Statements This information also contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words “could”, “believe”, “anticipate”, “intend”, “estimate”, “expect”, “may”, “continue”, “predict”, “potential”, “possible,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this presentation. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Industry data provided herein is of no predictive value regarding the future sale of the Company’s products. No information in this press release should be construed as any indication whatsoever of the Company’s future financial results, revenues, or stock price. For more information, contact: Email: investorrelations@ap4less.com Contact Details Auto Parts 4Less Group investorrelations@ap4less.com Company Website https://www.the4lessgroup.com/
June 26, 2023 12:17 PM Eastern Daylight Time
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News ReleaseTribe WOD Founders Sue Factory 14 and Razor Group, Alleging Fraud and Breach of Contract
Tribe WOD
The founders of Tribe WOD, a prominent cross-training and fitness equipment manufacturer, have filed a lawsuit against brand aggregators Factory 14 and Razor Group, citing deceit, fraud, breach of contract, unfair and deceptive trade practices, and unjust enrichment, among other offenses. The lawsuit, filed in Massachusetts Superior Court, alleges that the defendants, Factory 14 and Razor Group, failed to fulfill promises made during the acquisition of Tribe WOD. Alleged breaches of the agreement include failure to make earn-out payments as well as failing to provide access to business records – all outlined in the acquisition contract. Originating from a humble Massachusetts garage, Tribe WOD founders Alexandre Vitet and Jared Bane built their company into a $2.5 million enterprise before selling it to Factory 14, which later resold it to Razor Group. Despite promises of global expansion, enhanced marketing, access to industry experts, and potential earn-out payments, the plaintiffs argue that the defendants neglected their commitments, substantially harming the company and disregarding U.S. laws and business practices. Tribe WOD, which launched in 2019, swiftly grew to over $2.5 million in sales in just a few months, establishing strong sales channels via Amazon, Shopify, and various online platforms. This success attracted several potential buyers, with Factory 14 standing out due to its promise of multiple payments tied to Tribe WOD's annual earnings through earn-outs. The lawsuit contends that shortly after the acquisition, Factory 14 sold the assets of Tribe WOD to Razor Group, bypassing an anti-assignment provision in the original agreement. It is alleged that Factory 14 knowingly withheld information regarding this potential transaction from the plaintiffs. According to the lawsuit, Vitet and Bane had doubled revenue year-over-year and had expected to, at a minimum, match that. The lawsuit states that based on the promises made during the courtship and due diligence phase, there were immediate red flags after signing the acquisition agreement, and the situation quickly spiraled downward. Moreover, the complaint asserts that both Factory 14 and Razor Group systematically dismantled Tribe WOD, dismissing in-house creative content specialists and neglecting basic operational necessities. According to the lawsuit, Factory 14 and Razor Group failed to comply with federal and state tax, wage, and import laws and otherwise mismanaged the business financially. The lawsuit also states that the defendants had no U.S. bank account or credit card and were unable to obtain either and thus were unable to pay any of the company’s bills. The lawsuit alleges that the failure to pay basic bills led to lost revenue and the ability to serve existing customers or expand to new markets. The plaintiffs claim that their consulting agreements were prematurely terminated and allege that income from Tribe WOD was siphoned off to other businesses. The lawsuit alleges that Factory 14 and Razor Group essentially turned a thriving brand built by the founders with a rabid customer following into an Amazon seller with no identity, and loaded with unnecessary fees. The lawsuit seeks compensatory and multiple damages and injunctive relief, compelling the defendants to provide accurate and complete financial data. Interestingly, Razor Group faces a similar lawsuit in Texas, as it is being sued by the founders of Kettlebell Kings in a case with similar allegations. On its website, Razor Group states that it is trusted by leading investors Blackrock, Victory Park Capital, and Fortress among others. The Tribe WOD lawsuit was filed in Massachusetts Superior Court by Garage Sweat, LLC f/k/a Tribe Wod, LLC, Jared Bane, and Alexandre Vitet against Factory 14 UK Acquisition IV, Ltd., Razor Group GMBH, and Razor Group USA, LLC. This case has been accepted into and will be litigated in the Business Litigation Session, a business-focused sub-department of the Massachusetts Superior Court sited in Boston, Suffolk County, Massachusetts. The lawsuit can be downloaded here and at LawsuitPressRelease.com. -end- Source: Garage Sweat, LLC f/k/a Tribe WOD, LLC Contact Details LawsuitPressRelease.com John P. David +1 888-859-6637 john@LawsuitPressRelease.com
June 26, 2023 11:01 AM Eastern Daylight Time
News ReleaseSpiceology and Over-The-Fire-Cooking Expert Derek Wolf Expand Line of Beer-Infused Spice Blends
Spiceology
Spiceology, the fast-growing spice company known for its innovative signature blends, has once again teamed up with over-the-fire-cooking expert and social media phenomenon, Derek Wolf ( @overthefirecooking ), to create new beer-infused barbeque blends. Packaged in the fan-favorite resealable beer cans, the Spiceology x Derek Wolf Beer-Infused Rub Collection now includes a total of ten flavor-packed rubs, all infused with perfectly paired beers. Now available for purchase, this new four-pack takes consumers on a road trip around the United States to celebrate some of Wolf’s favorite styles of barbeque, including odes to Memphis, East Carolina and West Texas. “Since first launching the beer-infused six-pack with Spiceology back in 2020, we both knew we wanted to expand the beer can line,” said Derek Wolf, Over The Fire Cooking. “Beer and barbeque have always gone together, and these blends offer new ways to experiment with those flavors. For these new blends, we specifically formulated each one with a protein in mind.” These beer-infused blends can be purchased as a four-pack or as individual cans, with plastic lids included: Sticky Bourbon Brown Ale ($14.95): Memphis-style with burnt sugar sweetness, bourbon notes, and a tiny amount of heat for balance. The blend is designed for pork but is also ideal for baked beans, sauces, grilled veggies, and compound butter. Sweet Carolina Blonde ($14.95): Inspired by eastern Carolina’s Mop Sauce, this beer-infused blend packs tang, sweet and heat all in one. Designed for pork and poultry, this blend also works for chicken, seafood, pasta, rice, and marinades. Smoked Garlic Jalapeño Lager ($14.95): Inspired by West Texas’ love of chile-based heat. This beer-infused flavor twist on a classic salt and pepper blend is made for beef, but works perfectly with pasta salad, dressings, marinades, roasted veggies, and more. Big Bad BBQ Ale ($14.95): An all-purpose BBQ blend with all of Derek’s favorite flavor profiles. This blend is made for anything and everything, especially smash burgers, beef, chicken, pork, vegetables, and seafood. “The original six-pack of beer-infused blends we formulated with Derek quickly became one of our most popular products and gift sets,” said Chef Tony Reed, Executive Director of Culinary. “For this round, Derek wanted classic BBQ rubs with his personal twist, and the addition of ingredients like cinnamon, cocoa, and of course, beer, brought these classic-style blends to the next level.” The blends can be found on Spiceology.com and are available in individual beer cans or as a set of all four. For more information, see here. ABOUT SPICEOLOGY Founded in 2013, Spiceology is on a mission to inspire experimentation and share in the joy of cooking and eating. The chef-owned and operated spice company’s ‘Periodic Table of Flavor’ spotlights innovative blends and over 300 ingredients that are ground fresh and shipped fresh. With Signature Blends like Greek Freak and Smoky Honey Habanero that have become pantry and counter staples in both professional and home cook kitchens around the world, Spiceology is at the heart of the kitchen for all who love food. Spiceology‘s ingredients and blends can be found in the aisles of retailers large and small, in the pantries of hundreds of thousands of home cooks, and in the kitchens of some of the world’s greatest chefs. Contact Details Spiceology Cassidy Levine +1 908-770-7880 cassidy@spiceology.com Company Website https://spiceology.com/
June 26, 2023 08:00 AM Eastern Daylight Time
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News ReleaseRevenue Management Solutions Announces Competitor Price Intelligence
Revenue Management Solutions
Revenue Management Solutions (RMS), a world leader in data-driven analytics and tech-enabled solutions for restaurants, has launched its Competitor Price Intelligence solution. The competitive price platform includes a proprietary Restaurant Price Index (RPI) that analyzes menu price evolution so users can benchmark pricing across as many as 170,000 quick-service, fast casual, casual dining and fine dining locations. For the first time, restaurant operators can access clean, validated monthly price change data from a simple dashboard interface, revealing insights into the increasingly competitive pricing landscape. Using a proprietary AI technology, the solution continually compares menu prices for all restaurant segments across 50-plus brands in all US states and select countries internationally. Revenue Management Solutions developed the solution to address clients’ most significant concerns. “RMS developed our Competitor Price Intelligence and RPI based on nearly 30 years of menu engineering and pricing strategy,” said RMS Chief Client Officer Bob Donofrio. “With data exclusive to the restaurant industry, operators have a meaningful snapshot of price direction accessible through an easy-to-use, cloud-based platform, with actionable insights to drive pricing strategies, revenue and profitability.” Competitor Price Intelligence is much more than a pricing data dump. Leveraged on RMS’ expertise and combined with the user’s input, the solution delivers pre-categorized, like-for-like menu item comparisons. The dashboard includes comprehensive pricing data for in-store and delivery prices in any US region or market and for major brands internationally using local currencies. Updated monthly, the insights and data timeliness are unmatched by third-party sellers. Additionally, users can: ● Define their competitor set and menu categories ● Compare prices across targeted segments and cuisine types ● Easily tag and compare by location ● Filter by geography and menu category ● Understand how an item is priced ● Track industry and competitor pricing activity over time As mounting costs and inflation pressure the industry, RMS is previewing its Price Map insights with a monthly heatmap featuring the latest average prices for burgers, chicken sandwiches and pizza across all US states. “We asked the world’s leading restaurant brands, through client feedback and focus groups, what they needed to succeed in today’s highly charged environment,” said RMS CEO John Oakes. “The overwhelming answer was competitor pricing data. Timely data wasn’t accessible, and operators didn’t have the staff to make sense of it. Our Competitor Price Intelligence will change that.” Access the free Price Map or learn more about Competitor Price Intelligence at revenuemanage.com. ### About Revenue Management Solutions Revenue Management Solutions (RMS) is committed to supporting restaurants through these ever-changing times. Today, more than 50 major brands in 40-plus countries trust RMS. Its data-driven analytics and tech-enabled solutions optimize sales, menus and a brand’s financial health. RMS provides actionable insights to more than 100,000 restaurant locations worldwide to help them make informed business decisions that drive profitability and combat inflation and rising wages. The company holds five US patents on menu pricing and customer segmentation and supports ongoing academic research efforts. For more information on how RMS helps its clients, visit revenuemanage.com. Contact Details Tracy Henderson +1 720-989-3530 tracy@centerreachcommunication.com Company Website https://www.revenuemanage.com
June 21, 2023 08:15 AM Eastern Daylight Time
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