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Press Release 11/14/2022
Gainclients, Inc. Tech Team Takes Company to New Heights
TUCSON, AZ / ACCESSWIRE / November 14, 2022 / GainClients, Inc. (OTC PINK:GCLT) ("GainClients" or the "Company") is pleased to announce that it has completed its eleventh Bank Connection and launched its 66th Branch Connection. "With the addition of First Financial Bank out of Abilene Texas, we are now connected to 11 different banks with 2 more in process, and the 3 branches we launched over the Veterans Day Weekend for Capital Title of Texas, put our total branch count at 66. I could not be prouder of our Tech Team and the long hours and hard work they have been putting in to make sure our clients get first class service and can deliver the same to their own customers.", said Ed Laine the Company's CEO.
GainClients delivers a solution to Title and Escrow Companies to make the collection of earnest money deposits seamless and easy for their client base. The GainClients Remote Deposit Capture Solution ("RDC") is now fully operational with 11 different banks, including Wells Fargo Bank, First Interstate Bank, American Bank, American National Bank, Plains Capital Bank, NewFirst Bank, Allegiance Bank, Simmons Bank, Huntington Bank, Umpqua Bank and now, First Financial Bank.
"We are currently working on some additional relationships, that will open up more larger groups of banks and their Title and Escrow customers. Making it easier for our Sales Team to integrate our solution into more Clients' businesses. We are excited about these most recent partnerships and the doors that will open as a result", Laine continued.
Since going public in 2001, GainClients has been a preferred provider of Tech Solutions to the Real Estate Industry. With the Pandemic and the importance of Social Distancing, the Company's "Contactless Earnest Money Capture Tool" was the perfect fit for the time. And since all real estate transactions are initiated by an Agreement and an immediate deposit, made by the buyer of the property, to demonstrate "good faith." This deposit, in most states, is called an "earnest money deposit." GainClients' RDC Tool allows this deposit to occur digitally, saving clients thousands of dollars in courier fees and their employees' time. Their product also addresses the multi-million-dollar problem of "Dormant Funds" where Title and Escrow companies have difficulty returning money to their customers after a Closing and now can do so "with a click".
"You see, our Dormant Funds Tool is going to revolutionize the Real Estate Closing Process." Said Laine, "We can save companies millions in both time and resources, as well as keep those failed refunds from escheating back to the State in most cases".
The GainClients revenue model revolves around three primary revenue sources: set-up fees, monthly platform fees and deposit, or check fees. The platform fees and check fees are recurring. The set-up fees are larger in nature (a typical set up would be $500 per account), and are a one-time fee paid by the client.
For the real estate agent, the RDC service will eliminate the time spent picking up checks from their buyer clients and fees charged by title companies. For title companies, it will reduce the millions spent on manual courier services and overnight shipping costs. In addition, the system will expedite the escrow opening process, as well as solving their disbursement and/or refunds to avoid becoming Dormant Funds. It's also a beneficial service from title companies to their REALTOR® partners that will strengthen existing relationships and forge new ones.
https://www.otcmarkets.com/stock/GCLT/news/Gainclients-Inc-Tech-Team-Takes-Company-to-New-Heights?id=380147
Press Release | 11/01/2022
GainClients, Inc. Announces 3rd Quarter Revenue Numbers
TUCSON, AZ / ACCESSWIRE / November 1, 2022 / GainClients, Inc. (OTC PINK:GCLT) ("GainClients" or the "Company") is pleased to announce that it has posted strong revenue numbers despite a nationwide slowdown in transaction volume in the Real Estate Sector.
"Despite a slowdown in the overall market, our sale volumes have held steady as compared to Q2 and our year-over-year numbers are off the charts," said Ed Laine, the Company's CEO.
GainClients delivers a solution to Title and Escrow Companies to make their collection of earnest money deposits seamless and easy for their client base. The GainClients Remote Deposit Capture Solution ("RDC") is now fully operational in 4 states and has nearly 60 customers up and running using the system.
"The feedback from both clients and end users (Buyers and Realtors) has been phenomenal. They find it intuitive and easy to use. And, it allows them to deposit earnest money without leaving their couch!" said Laine.
Since the beginning of the pandemic, their "Contactless Earnest Money Capture" was the perfect fit at a time of "Social Distancing." Any real estate transaction is typically initiated by an Agreement and an immediate deposit, made by the buyer of the property, to demonstrate "good faith." This deposit, in most states, is called an "earnest money deposit." GainClients' RDC Tool allows this deposit to occur digitally, saving clients thousands of dollars in courier fees and their employees' time.
The GainClients revenue model revolves around three primary revenue sources: set-up fees, monthly platform fees and deposit, or check fees. The platform fees and check fees are recurring. The set-up fees are larger in nature (a typical set up would be $500 per account), and are a one-time fee paid by the client.
"This past quarter, we scanned over 400 checks per month. We are working daily to add more clients and connect to more banks. The cover article in ‘The Title Report' has bolstered our marketing efforts and made it so that many in the industry have already heard of us. We are even having clients contact us to learn more about our solution. We are very excited about the coming months and years," said Laine.
GainClients has been a public company since 2001 (OTC:$GCLT). The Company's Remote Deposit Capture Service provides the ability to take a picture of an earnest money check and deposit it into a bank account from a remote location, such as an office or home, without having to physically deliver the check to the receiver. Proven to be secure by the banking industry, mobile remote depositing offers better protection against fraud, lost checks, and saves significant time and money for the Title and Escrow Companies that use the software.
For the real estate agent, the service will eliminate the time spent picking up checks from their buyer clients and fees charged by title companies. For title companies, it will reduce the millions spent on manual courier services and overnight shipping costs. In addition, the system will expedite the escrow opening process, as well as solving their disbursement and/or refunds to avoid becoming Dormant Funds. It's also a beneficial service from title companies to their REALTOR® partners that will strengthen existing relationships and forge new ones.
https://www.otcmarkets.com/stock/GCLT/news/GainClients-Inc-Announces-3rd-Quarter-Revenue-Numbers?id=378452
Press Release | 07/20/2022
Gainclients, Inc. Announces Back to Back Strong Quarterly Revenue Numbers
TUCSON, AZ / ACCESSWIRE / July 20, 2022 / GainClients, Inc. (OTC PINK:GCLT) ("GainClients" or the "Company") is pleased to announce that it has posted exponentially higher quarterly revenue numbers for the second quarter in a row. "Our Earnest Money Capture Solution has consistently impressed our clients, such that they are adding more branches every week," said Ed Laine, the Company's CEO.
GainClients has been helping Title and Escrow Companies collect earnest money deposits digitally since the beginning of the Pandemic. Their "Contactless Earnest Money Capture" was the perfect fit at a time of "Social Distancing." Any real estate transaction is typically initiated by an Agreement and an immediate deposit, made by the buyer of the property, to demonstrate "good faith." This deposit, in most states, is called an "earnest money deposit." GainClients' RDC Tool allows this deposit to occur digitally, saving clients thousands of dollars in courier fees and their employees' time.
The GainClients revenue model revolves around three primary revenue sources: set-up fees, monthly platform fees and deposit, or check fees. The platform fees and check fees are recurring. The set-up fees are larger in nature (a typical set up would be $500 per account), and are a one-time fee paid by the client.
"As our client base grows, so does our revenues. We have now scanned over 2000 checks for nearly $9 million in earnest money deposits. That makes for an 893% growth, year over year. And, we are starting to catch the eye of the Industry, having just been featured on the cover of ‘The Title Report' is quite an honor," said Laine.
GainClients has been a public company since 2001 (OTC:$GCLT) and was able to get Pink Current in 2021. This allowed the company to continue to focus on delivering solutions to market participants in the Real Estate Sector.
The Company's Remote Deposit Capture Service provides the ability to take a picture of an earnest money check and deposit it into a bank account from a remote location, such as an office or home, without having to physically deliver the check to the receiver. Proven to be secure by the banking industry, mobile remote depositing offers better protection against fraud, lost checks, and saves significant time and money for the Title and Escrow Companies that use the software.
For the real estate agent, the service will eliminate the time spent picking up checks from their buyer clients and fees charged by title companies. For title companies, it will reduce the millions spent on manual courier services and overnight shipping costs. In addition, the system will expedite the escrow opening process, as well as solving their disbursement and/or refunds to avoid becoming Dormant Funds. It's also a beneficial service from title companies to their REALTOR® partners that will strengthen existing relationships and forge new ones.
https://www.otcmarkets.com/stock/GCLT/news/Gainclients-Inc-Announces-Back-to-Back-Strong-Quarterly-Revenue-Numbers?id=365447
Press Release | 07/05/2022
GainClients, Inc. Announces Expansion of Capital Title of Texas Relationship
TUCSON, AZ / ACCESSWIRE / July 5, 2022 / GainClients, Inc. (OTC PINK:GCLT) ("GainClients" or the "Company") is pleased to announce that, on the heels of posting their best quarterly revenue numbers in decades, they have been requisitioned to expand their Earnest Money Capture Solution (the System) to Capital Title of Texas' Dallas Region.
GainClients has partnered with Capital Title of Texas since late 2021 onboarding 35 branches. The successful rollout in these locations led to Capital Title's ultimate decision to use the GainClients platform in the Dallas area. Capital Title of Texas recently requested 18 additional sites, bringing the total to 53. Once completed, 53 branches will have the System to further differentiate themselves from the competition. Staff and users alike have found it to be user-friendly and safe and secure; all in an easily accessible smart-phone solution.
This exciting news comes just after the Company posted its best Quarterly Financials since formation in 2001. The Company has now processed nearly 2000 Earnest Money Deposits over the first 5 months of this year, which represents an over 1350% increase in usage as compared to the last 5 months of 2021.
"We experienced great success implementing the GainClients Remote Deposit Capture Service in our Houston, San Antonio and Austin markets. This success, paired with the Company's responsiveness and commitment to service, made it an easy decision to expand our use of the technology to Dallas/Fort Worth," said Kristy Santelia, President of Escrow and Operations - Houston and Golden Triangle Divisions for Capital Title, a Division of The Shaddock Companies. The Shaddock Companies include a family of companies across the real estate industry. Bill Shaddock has been in the industry since 1987 and has now grown the business to over 12 companies that do business across the United States.
"We have been very fortunate to have partnered with such great companies, like Capital Title of Texas. Kristy and her team have done a wonderful job of rolling out our solution and getting the market's best Earnest Money Capture Solution into the hands of Realtors and Buyers. We couldn't have asked for a better Partner in the Texas Market and we are excited to continue to expand into additional markets with them." Said GainClients' CEO, Ed Laine.
The Company's Remote Deposit Capture Service provides the ability to take a picture of an earnest money check and deposit it into a bank account from a remote location, such as an office or home, without having to physically deliver the check to the receiver. Proven to be secure by the banking industry, mobile remote depositing offers better protection against fraud, lost checks, and saves significant time and money for the Title and Escrow Companies that use the software.
For the real estate agent, the service will eliminate the time spent picking up checks from their buyer clients and fees charged by title companies. For title companies, it will reduce the millions spent on manual courier services and overnight shipping costs. In addition, the system will expedite the escrow opening process, as well as solving their disbursement and/or refunds to avoid becoming Dormant Funds. It's also a beneficial service from title companies to their REALTOR® partners that will strengthen existing relationships and forge new ones.
https://www.otcmarkets.com/stock/GCLT/news/GainClients-Inc-Announces-Expansion-of-Capital-Title-of-Texas-Relationship?id=363662
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