March 9, 2023
Vancouver, Canada – Tribe Property Technologies Inc. (TSXV: TRBE and OTCQB: TRPTF) (“Tribe” or the “Company”) is pleased to announce a nationwide deployment of VendorPM to support Tribe-managed communities across Canada.
As Tribe continues to digitize property management services across the country, the VendorPM partnership allows the Company’s property managers to connect with more than 30,000 service providers in a seamless manner to deliver a simplified RFQ process for Tribe-managed communities.
“We have watched Tribe grow into a national player and we find their tech-backed services and expanding footprint to be a perfect partner for VendorPM,” said Emiel Bril, Founder and CEO, VendorPM. “Tribe is on an exciting growth trajectory and we look forward to helping them bring simplicity and efficiency to the property management industry through innovative technology solutions.”
Tribe has also launched a proprietary platform integration that simplifies the mandatory Tarion new home warranty process specific to the Province of Ontario. The new integration, available through the Company’s Tribe Home Pro digital solutions for real estate developers, introduces automation and the ability for developers to track issues from any stage of development from one simple dashboard, generate custom reports, and easily review all in-unit warranty issues and their resolution status; providing faster and more efficient turnarounds for homeowners.
“The integration of Tribe Home Pro with the mandatory Ontario warranty process allows for the transfer of bulk homeowner warranty submissions in seconds,” explains Tribe’s VP of Software and Partnerships Lawrence Liu. “That bulk transfer capability eliminates the current process of manual one-by-one data transfers, saving real estate developers significant labour, while also reducing data entry errors commonly associated with manual input.”
Tribe provides real estate developers with the tools to track deficiencies found during pre-delivery inspections, digitize building data and owners’ manuals, and facilitate the handover of a completed community to owners and condo boards through its Tribe Home Pro solution.
About VendorPM
Our mission is to modernize the way building managers & vendors work together through vendor management & procurement software built specifically for our industry. Through the adoption of our software in key markets, we have also developed a vendor marketplace that connects over 6,000 buildings & 40,000 vendors. Property managers use VendorPM to onboard, approve & procure their approved vendors while sourcing new vendors from a growing marketplace to ensure they are consistently delivering 3 bids on behalf of their clients, boards & councils.
About Tribe Property Technologies
Tribe is a property technology company that is disrupting the traditional property management industry. As a rapidly growing tech-forward property management company, Tribe’s integrated service-technology delivery model serves the needs of a much wider variety of stakeholders than traditional service providers.
Tribe seeks to acquire highly accretive targets in the fragmented North American property management industry and transform these businesses through streamlining and digitization of operations. Tribe’s platform decreases customer acquisition costs, increases retention and allows for the addition of value-added products and services through the platform. Visit tribetech.com for more information.
ON BEHALF OF THE BOARD
“Joseph Nakhla”
Chief Executive Officer
Tribe Property Technologies Inc.
Joseph Nakhla
Chief Executive Officer
1606-1166 Alberni Street
Vancouver, BC
V6E 3Z3
(604) 343-2601
joseph.nakhla@tribetech.com
For further information, contact:
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Corporate + Media Jennifer Laidlaw |
Investor Relations Shobana Williams |
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Cautionary Statement on Forward-Looking Information
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws regarding the Company and its business. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. Forward-looking statements or information in this news relate may relate to statements with respect to; the aims and goals of the Company; financial projections; growth plans including future prospective consolidation in the rental management sector; future acquisitions by the Company;; prospective benefits of the Company’s platform; and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward- looking statements. The Company does not intend, and do not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.