Boatim Releases Auto-Sync; Team to Focus on New Buy-Side Products
MIAMI, Feb. 9, 2021 /PRNewswire/ --
Boatim Inc. (OTCQB: BTIM), a data-driven, digital marketplace for buying and selling boats and yachts anywhere in the world, launches auto-sync for boat listings for dealers and brokers, as the latest data-driven feature of the Smart Connected Inventory™ product family, making inventory management the easiest and fastest it´s ever been.
Auto-Sync Inventory Feeds allow dealers to connect their complete inventory from other supported platforms and easily bring it across to Boatim without needing to maintain inventory updates. Our daily synchronization ensures that their content is always up-to-date, regardless of where they manage their listings from.
"This latest update to our Smart Connected Inventory™ addresses one of our dealers' main problems—managing listings and content across multiple platforms This latest update continues to streamline the onboarding process, giving them one less thing to worry about." says Chief Product Officer, Chris Roy.
Boatim continues to define a new standard and quality for data feeds in the maritime industry. With this latest change, our dealers can benefit from promoting their latest content via our advanced dynamic ad features—helping to bring them high-quality leads.
The Boatim team will now shift focus towards developing novel buyer services with an enhanced range of tools not currently available in the industry.
With 1 million pre-owned boats traded annually in the US, new boat sales at over 300,000 units in 2020 and total transaction values estimated at over $20bn, it has never been more important to provide buyers with online access to smart features that enhance speed and certainty in transactions.
Boatim's buyer suite will allow serious buyers to authenticate themselves, differentiate their interest, and buy seamlessly, yet safely.
The features will make it easier for buyers to complete their dream purchases digitally. Current working areas are online financing, insurance, payments, and ID verification.
About Boatim Inc.
Boatim Inc. was founded in 2018 and now employs 26 people in Miami (USA) and Barcelona (Spain). The technology startup provides industry-specific software, aimed at facilitating the process of buying and selling boats 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 desktop, generates revenues through listing placements and subscription plans, as well as on-platform ads. Thanks to the great business model scalability, more revenue streams are planned to be added soon.
Since August 2019 the privately funded startup 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 Feb 09, 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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