BOARDWALKTECH AGAIN EXPANDS LICENSE WITH MAJOR ACCOUNTING AND CONSULTING COMPANY – Marketscreener.com | Region & Cash

CUPERTINO, CALIFORNIA., August 3, 2022 /PRNewswire/ – (TSXV: BWLK) (OTCQB: BWLKF) – Boardwalktech Software Corp (“Boardwalktech” or the “Company”), the leader in digital ledger platforms and enterprise software applications, is pleased to announce that it has expanded and expanded his company License and service agreement with an existing customer – one of the leading auditing and consulting companies with more than 300,000 employees worldwide.

With the Boardwalktech Digital Ledger Platform, this customer has implemented a system for information and data management for a large number of their customer relationships. This new system for managing data, collecting information from disparate systems, reporting and analyzing significantly improves this client’s process for each client and leverages the key capabilities of Boardwalktech’s unique Digital Ledger Platform.

The recent renewal of this license and services agreement, which first started in 2018, adds another one to the annual recurring revenue $500,000 for the current fiscal year with margins at historic levels.

“This contract renewal is another example of an existing licensing customer expanding use of the Boardwalk Digital Ledger (BDL) platform across their enterprise. This customer continues to recognize the great business benefits, ROI and increasing value that the platform brings to their entire ecosystem, which includes both customers and internal users. This is a great validation of the increased demand for our product and embodies the power of our country and our expansion strategy which is driving additional recurring revenue for Boardwalktech,” said Andrew T Duncan, CEO of Boardwalktech. “Collating information into a single source of truth – the Boardwalk Digital Ledger with immutable history and auditability greatly improves information management, reduces risk, improves compliance and security while providing a much more robust and simpler way to manage data across the enterprise.” “

About Boardwalktech Software Corp.

Boardwalktech has developed a patented digital ledger technology platform currently used by Fortune 500 companies running mission-critical applications worldwide. Boardwalktech’s digital ledger technology and its unique method of managing large amounts of structured and unstructured data is the only platform on the market today that allows multiple parties to effectively work simultaneously on the same data while preserving the accuracy and provenance of the data . Boardwalktech can deploy collaborative, purpose-built enterprise information management applications on any device or user interface with full integration with enterprise systems of record in a fraction of the time required by other non-digital ledger technology-based platforms. Boardwalktech is headquartered in Cupertino, California with offices in India and operations in North America. For more information about Boardwalktech, visit our website at www.boardwalktech.com.

Forward-Looking Information and Statements

This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities laws and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. Such forward-looking information and statements are not representative of any historical fact or information, or the current state of affairs, instead representing only the company’s beliefs regarding future events, plans or objectives, many of which are inherently uncertain and beyond the company’s control. Generally, such forward-looking information or statements are identified by the use of forward-looking terms such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “planned”, “estimates”, “forecasts”, ” “intend”, “anticipate” or “do not anticipate” or “believe” or variations of such words and phrases, or may contain statements that certain actions, events or results “may”, “could”, “, “would”, “could” or “will be taken”, “will continue”, “will occur” or “will be achieved”.

By designating such information and statements in this manner, the Company cautions the reader that such information and statements involve known and unknown risks, uncertainties and other factors that may affect the Company’s actual results, level of activity, performance or achievements may differ materially from those expressed or implied in such information and statements.

An investment in securities of the Company is speculative and subject to a number of risks, including but not limited to those risks discussed under the heading “Risk Factors” in the Company’s filing statement dated May 30, 2018. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.

In connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the assumptions and factors used in the preparation of the forward-looking information and statements, and the expectations contained therein, are reasonable, undue reliance should not be placed on such information and statements and no representations or Such forward-looking information and statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no obligation to update the forward-looking information and/or forward-looking statements contained herein or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this release.

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.

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SOURCE BoardwalkTech

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