Enables Further Expansion of Recurring Revenues
HENDERSON, NV / ACCESSWIRE / July 9, 2015 / Quest Solution, Inc., "The Company" (QUES), a leading provider in the technology, software, and mobile data collection systems business, today announced the Company is teaming with Hyperion Partners to create a new Total Solution as a Service concept which will provide customers with a simple and complete solution for managing all enterprise wide mobile technology.
Quest, a long-time leader in providing fully rugged mobile solutions, is expanding its mobile solution offerings to include the entire enterprise mobility market opportunity. Quest Total Solution as a Service (QTSaaS) addresses any enterprise-grade device available as part of a total mobility solution. The offering allows Quest Solution to provide both new and existing customers with comprehensive mobile lifecycle management solutions for enterprise grade hardware devices including tablets and smartphones, as well as data connectivity, accessories, software, applications, equipment protection and technical support bundled into a comprehensive package and purchased as a monthly subscription. By partnering with Hyperion, which utilizes industry-leading hardware, connectivity, mobile device management and 24x7 help desk providers, Quest Solution is able to offer a unified, "best-of-breed" solution to its customers and serve as the sole, primary point of contact for all of their customers' mobile needs.
Quest has contracts in place with industry leading carriers, OEMs, and other service providers to now offer our customers all aspects of mobility solutions, where in the past the customers would have to purchase multiple components from multiples sources.
Quest Solution customers can benefit by reducing the upfront capital required to establish and continually refresh a mobile operation and simplifying the on-going management of their programs by sourcing all of their needs from a single provider. At the same time, adding Total Solution as a Service to the Company's offering line up increases opportunities to grow recurring monthly revenues and elongate customer relationships by serving as an integrated solutions provider.
George Zicman, Quest Solution Vice President of Sales stated, "An example of this would be instead of normally selling a customer an Enterprise grade tablet for a fixed amount, we will now be able to offer them multiple options, inclusive of device, case, charger, data, MDM, help desk, equipment protection, inventory management and a device refresh in the future. All of this would be bundled into a monthly fee. This is very similar to how the consumer mindset is with mobile devices and we are the first in our industry to offer this to the customers."
Mr. Tom Miller, Quest Solution Chairman and Chief Executive Officer, stated, "Today's consumers and businesses are demanding comprehensive mobile solutions that can be delivered seamlessly, with minimal up-front capital investment and the flexibility to keep pace with rapidly changing technologies. They want a program that can address all of their mobile computers including tablets, smartphones especially for those enterprise grade devices supplied by the company to their employees. Unlike many of our competitors, our new offerings equip us with a full line of enterprise-grade devices that can be packaged with solutions and sold as a service on a subscription basis. Working with Hyperion Partners, we are creating a truly integrated mobile solution that moves our offerings further up the value chain, expands our base of recurring revenue and gives us a clear advantage over our competitors."
"These new offerings are in direct support of our growth initiatives, and can provide significant benefits to our customers," continued Miller. "Our mobile solutions allow our customers to leave the challenges of integrating and managing an ecosystem of technology components to Quest. Deploying our comprehensive and fully-integrated mobile solutions provides our customers with a single point-of-contact for procuring and servicing mobile solutions, the ease of simple monthly subscription fees and the flexibility to build custom solutions to meet unique requirements."
About Quest Solution, Inc.
Quest Solution, Inc. is a leading provider in the technology, software, and mobile data collection systems business. In November 2014, the Company announced that Bar Code Specialties, Inc. (BCS) joined with Quest Solution, Inc. The Company intends on continuing to acquire existing companies with revenues and positive cash flow.
Quest Solution, Inc. serves as a national mobility and data collection systems integrator with a focus on design, delivery, deployment and support of fully integrated mobile solutions. The Company takes a consultative approach by offering end to end solutions that include hardware, software, communications and full lifecycle management services. The highly tenured team of professionals simplifies the integration process and delivers proven problem solving solutions backed by numerous customer references.
The recent BCS acquisition is in addition to the recently announced creation of a wholly-owned division focused on commercializing Intellectual Property, Patents and Distribution of industry-specific technologies in an array of new verticals. The new division will focus on the acquisition of existing intangibles, which we anticipate will build future value to the company.
On May 14, 2015, Quest announced a letter of intent to merge with ViascanQData. ViascanQData currently serves in excess of 4,000 enterprise customers, mainly in Canada. Unaudited financials indicate annual revenues of about CDN$28 million (approximately $24 million USD), and ViascanQData is currently on track to deliver unaudited double digit EBITDA for 2015. The Company estimates the proforma revenue for the combined entities for 2014 would have been approximately US $83 - 85 million.
About Hyperion Partners
Hyperion Partners is a full service business development and technology consulting firm specializing in mobility, bundled/subscription-based solutions, and the generation of revenue for our clients and partners. Founded in 2012, Hyperion brings to bear decades of executive expertise spanning carriers, OEMs, channel development, sales, marketing, business development, and consulting. Drawing on extensive relationships, Hyperion allows their clients to bundle all components of a solution into a single product enabling them to own the entire customer experience and life cycle.
Information about Forward-Looking Statements
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995 Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for Quest Solution, Inc.'s products, the introduction of new products, the Company's ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company's liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in Quest Solution Inc.'s filings with the United States Securities and Exchange Commission. Examples of such forward looking statements in this release include statements regarding growth in our parts and vehicle sales and increases in our ability to produce new products. For a more detailed description of the risk factors and uncertainties affecting Quest Solution, Inc. please refer to the Company's recent Securities and Exchange Commission filings, which are available at http://www.sec.gov. Quest Solution, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Contact:
Cameron Donahue
Hayden IR, LLC
Cameron@haydenir.com
651-653-1854
SOURCE: Quest Solution, Inc.
