Company Announcements

• Wishpond signs collaboration agreement with Roomvu, a leading real estate marketing platform, to equip SalesCloser.ai, the Company's next-generation AI-powered virtual sales agent, to promptly follow-up on leads, increase real estate sales conversion rates, and ensure no sales opportunities are missed.

VANCOUVER, BC , Oct. 23, 2024 /CNW/ - Wishpond Technologies Ltd. (TSXV: WISH) (OTCQX: WPNDF) (the "Company" or "Wishpond"), a provider of marketing-focused online business solutions, is pleased to announce SalesCloser.ai ("SalesCloser"), the Company's AI-powered virtual sales agent platform, has entered into a collaboration agreement with Roomvu Technologies Inc. ("Roomvu"), a leading real estate marketing platform used by over 220,000 real estate agents, to utilize SalesCloser to enhance lead follow-up and sales conversion for Roomvu. This collaboration marks a transformational leap forward in the real estate industry, equipping Roomvu's real estate agents with the tools they need to excel in an increasingly competitive market. SalesCloser and Roomvu are anticipated to empower real estate agents to significantly improve the efficiency of managing leads, with aims to ultimately drive sales higher at the same time as improving the client experience.

Ali Tajskandar, CEO of Wishpond, commented on the collaboration, "We are thrilled to collaborate with Roomvu and to provide real estate agents with a powerful tool to improve follow-ups with their sales leads. SalesCloser takes immediate action with outbound calling to turn leads into potential real estate buyers. SalesCloser ensures that every lead is given the attention it deserves, allowing real estate agents to build stronger relationships and achieve their sales goals."

Sam Mehrbod, CEO of Roomvu added, "We are excited to work with Wishpond's SalesCloser to provide our real estate agents with a powerful tool to improve lead management and follow-up.  Our goal is to enable real estate agents to take immediate action on the leads they receive, ensuring no opportunity is missed, driving higher sales outcomes."

This collaboration addresses a critical gap in the real estate industry, being the lack of follow up after a lead is identified. This collaboration aims to transform the way real estate agents manage and convert their leads.  In the past year, Roomvu generated over 500,000 leads, however, only a minuscule number of agents actually followed up on these leads, highlighting a significant missed opportunity and the critical need for effective lead management strategies.  Through this collaboration, SalesCloser's advanced calling technology will be integrated with Roomvu's platform to bridge the gap in lead follow-up. Management of the two companies anticipate that this integration will enable agents to efficiently contact their leads, facilitating in-person meetings and ultimately driving successful home sales and purchases.

SalesCloser delivers a multitude of benefits that position real estate agents for success. The platform is designed to enhance lead conversion rates by enabling agents to promptly and effectively follow up on leads. Among its many use cases, SalesCloser and Roomvu is anticipated to facilitate AI-driven sales follow-ups that prevent lost opportunities, handling of routine support calls to free up time, and seamless 24/7 self-service booking and data capture that optimize the sales funnel and increase deal closures.

SalesCloser is a cutting-edge lead management platform that empowers sales professionals to efficiently manage and convert their leads. The platform can be utilized for a diverse range of industries such as auto sales, software/SaaS, professional services, financial services, education, travel & hospitality, insurance, and more. Whether it's delivering tailored sales demos, conducting pre-qualifying discovery calls, managing technical onboardings, or optimizing bookings and data capture, SalesCloser is anticipated to enhance lead conversion and streamlines the sales process. Additionally, it supports product upsells, ensures timely follow-ups, aids in customer retention, and handles routine support tasks, freeing up valuable time for the sales team irrespective of the industry.

Ali Tajskandar
Chief Executive Officer
Wishpond Technologies Ltd.

About Wishpond Technologies Ltd.           

Based out of Vancouver, British Columbia, Wishpond is a provider of marketing-focused online business solutions. Wishpond is a leading provider of digital marketing solutions that empower entrepreneurs to achieve success online. The Company's Propel IQ platform offers an "all-in-one" marketing suite that provides companies with marketing, promotion, lead generation, ad management, referral marketing, sales conversion and outbound sales automation capabilities in one integrated platform. Wishpond replaces disparate marketing solutions with an easy-to-use product, for a fraction of the cost. Wishpond serves over 4,000 customers who are primarily small and medium-sized businesses (SMBs) in a wide variety of industries. The Company has developed cutting-edge marketing technology solutions, including an AI powered website builder, an AI email automation tool, an AI Sales Agent and continues to add new AI enabled features and applications. The Company employs a Software-as-a-Service (SaaS) business model where most of the Company's revenue is subscription-based recurring revenue which provides excellent revenue predictability and cash flow visibility. Wishpond is listed on the TSX Venture Exchange under the ticker "WISH", and on the OTCQX Best Market under the ticker "WPNDF". For further information, visit: www.wishpond.com.

About Roomvu Technologies Inc.

Roomvu is a pioneering force in video marketing for real estate agents. It offers hyper-local and relevant video content for social media, advertisements, and email campaigns. Backed by the National Association of Realtors and serving over 220,000 real estate agents across the United States and Canada, Roomvu positions real estate professionals as market leaders.

Forward-Looking Statements

Statements that are not reported financial results or other historical information are forward-looking statements or forward-looking information within the meaning of applicable securities laws (collectively, "forward-looking statements"). This press release includes forward-looking statements regarding the Company, its subsidiaries and the industries in which they operate, including statements about, among other things, all information contained under the heading "Outlook" herein, references to expected results from future operations, future growth of the Company's products and platforms, the anticipated success of the collaboration between the Company and Roomvu, the anticipated benefits from SalesCloser that can be derived, the future development and increased use of products incorporating artificial intelligence, including SalesCloser AI, improvement in the Company's cash position and increased revenue generation, references to the growth of the Company's product portfolio and future profitability, including whether additional products or features may be developed in the future, and the functionality and timing of such products, financial results or operational activities that may be undertaken by the Company, the results of the Company's cost-savings, research and development and other initiatives, any future acquisitions or other activities done to grow the Company both organically or inorganically, expectations, beliefs, plans, future operations, the impact of broader economic factors including inflation and other general economic risks on the Company, business and acquisition strategies, opportunities, objectives, prospects, assumptions, including those related to trends and prospects, and future events and performance. Sentences and phrases containing or modified by words such as "expect", "anticipate", "plan", "continue", "estimate", "intend", "expect", "may", "will", "project", "predict", "potential", "targets", "projects", "is designed to", "strategy", "should", "believe", "contemplate" and similar expressions, and the negative of such expressions, are not historical facts and are intended to identify forward-looking statements. Readers are cautioned to not place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by forward-looking statements. Although the Company believes that the expectations reflected in forward-looking statements in this press release are reasonable and are based on, among other things, the expectations and analysis of current market trends and opportunities of management of the Company, such forward-looking statements has been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company's control, including, but not limited to, changes in laws and regulations regarding real estate advertising, sales and marketing, changes in laws and regulations regarding real estate agent behavior and conduct, economic uncertainty and instability as a result of the ongoing inflation and supply chain issues, higher interest rate climate, tightening of credit availability and recessionary risks, pandemic related risks, wars, instability in global commodity and securities markets, shifts in consumer and institutional spending and marketing strategies, risks related to data breaches and privacy, the changing global market and competition for the products and services supplied by the Company, and the additional risk factors discussed in the continuous disclosure materials of the Company which are available under the Company's profile on SEDAR+ at www.sedarplus.ca. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement and are made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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SOURCE Wishpond Technologies Ltd.