Quebec, QC, Canada, April 4th, 2019 – NuRAN Wireless Inc. (“NuRAN Wireless” or the “Company”) (CSE: NUR) (OTC: NRRWF) (FSE: 1RN) announces that it has received new orders totaling more than CAD $500,000 in the month of March, mostly recurring revenue business. These sales are related to NuRAN’s rural connectivity solutions as well as Nutaq Innovations, NuRAN’s wholly owned engineering services subsidiary. Over 80% of these new orders in March 2019 represent recurring business revenue from existing NuRAN customers.
Francis Létourneau, VP Sales and Marketing of NuRAN Wireless stated: “Since our October 2018 pivot to being both a physical device and service driven business, NuRAN has seen considerable growth in recurring revenue from existing clients as well as subscription based income from new clients.” Mr. Létourneau continued: “The relationship with our clients is extremely positive and it has resulted in higher repeat sales to existing customers. As it stands since our Q1 2019, we have a monthly average of CAD $1.0M of new purchase orders which are all connected to our portfolio of wireless solutions. The uptick in business and the stickiness of our client base should begin to be reflected in our Q3 2019 and Q4 2019 financials and revenue ramp up from there going into 2020.”
No regulatory authority has approved or disapproved the information contained in this news release.
For further information about NuRAN Wireless;
President and CEO
Direct Financial Strategies and Communication
Unites States Contact
RB Milestone Group, LLC
Stamford, CT & New York, NY