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VANCOUVER, BC – Tribe Property Technologies (TSXV: TRBE) (OTCQB:TRPTF) (“Tribe” or the “Company”) has partnered with NextLevel Drycleaners, providers of premium dry cleaning and laundry services. The partnership will bring concierge laundry services and storage lockers for dry-cleaning pick-up and delivery to Tribe communities across the Lower Mainland in British Columbia.
“The convenience of having everyday items delivered to your door has never been more apparent,” said Tribe CEO Joseph Nakhla. “Similar to the services offered at high end hotels, Tribe residents will have the option to have NextLevel take the hassle out of dropping off and picking up laundry. This is another example of how we are increasing access to convenient services and simplifying community living.”
A rise in delivery services has been accelerated by the pandemic with industries finding new ways to satisfy their customers with high-quality delivery experiences. Once solely reserved for food services, delivery has expanded across industries as customers become increasingly reliant on items being delivered directly to their homes. Forbes recently listed delivery as an example of one of the conveniences that companies will be using as a competitive advantage in 2022.[1]
“The last two years have given us all a chance to re-evaluate how we spend our time. Commuting to work or waiting in line at the grocery store are now considerations versus expectations,” commented Oliver Malana of NextLevel Drycleaning. “Similarly, our services allow customers the option of convenient laundry services picked up and delivered to their buildings. We are coming to them, not the other way around.”
Tribe manages approximately 40,000 homes made up of more than 100,000 residents. The Company’s proprietary community management software Tribe Home is integrated into every community with its ability to connect, inform, educate, and protect through the digitization and simplification of residential community living. NextLevel Drycleaning will be available to owners and tenants in applicable communities through Tribe Home.
About Tribe’s Digital Partnership Program
Tribe receives compensation from partners for use of the Tribe Home platform. The Company’s partners also commit to providing a special offering for Tribe’s homeowners/tenants allowing them to take advantage of Tribe’s group buying power.
The type and amount of compensation varies from partnership-to-partnership but generally falls into one, or a combination, of the following models:
- Commission: Tribe receives a one-time fixed or variable fee for each transaction that occurs through their platform; and/or
- Residuals/Recurring: After the initial transaction, the Company receives ongoing revenue for as long as the service remains in place.
About Next Level Drycleaning
NextLevel Drycleaners is a BC owned and operated company providing premium drycleaning and wash services to Vancouver and the Lower Mainland since 2011. With over 30 years of accredited, master drycleaning certified experience and your continued support, we are proud to provide NextLevel services to the following areas:
- Vancouver, North and West
- Richmond, Delta, Surrey, White Rock
- Burnaby, New Westminster
- Coquitlam, Port Moody
About Tribe Property Technologies
Tribe is a property technology company that is digitizing 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’s business is composed of three revenue pillars: software and services (recurring licensing and management fees), transactional (rent or condo fees, banking services, lease-ups) and digital services and partnerships (smart building products, financial and insurance service).
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.
[1] https://www.forbes.com/sites/shephyken/2021/12/19/ten-business-predictions-for-2022-part-one/?sh=58d214fc6498
ON BEHALF OF THE BOARD
“Joseph Nakhla”
Chief Executive Officer
Tribe Property Technologies Inc.
Joseph Nakhla
Chief Executive Officer
1155 West Pender Street, Suite 419
Vancouver, British Columbia
V63 2P4
(604) 343-2601
joseph.nakhla@tribetech.com
For further information, contact:
Corporate + Media
Jennifer Laidlaw
VP Communications and Marketing
Tribe Property Technologies
jennifer.laidlaw@tribetech.com
778-837-4314
Investor Relations
Kin Communications
(604) 684-6730
IR@tribetech.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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 property management sector; future acquisitions by the Company; beliefs of the Company with respect to the independent owner-investors market; 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.