Globalgroup Investment Holdings to Release GlobalLOK(TM) Software Into $500 Million PC Rent-to-Own Market
(firmenpresse) - PLANO, TX -- (Marketwire) -- 06/14/12 -- Globalgroup Investment Holdings, Inc. (PINKSHEETS: GIHI), the nation's newest proprietary technology solutions provider for payment and collection services, announced today the launch of a new vertical market for its GlobalLOK™ payment code software program. The company's innovative software is designed for integration into computers marketed throughout the $7 billion rent-to-own (RTO) industry where the computer segment represents up to 15% of this growing business segment.
GlobalLOK™ assures payments for GIHI RTO clients' rented assets by disabling the PC or laptop if scheduled payments are not received on time. The proprietary technology operates on any PC with Windows XP, Vista or Win7 OS and can be easily installed by GIHI RTO clients on their inventoried systems prior to any customer delivery.
GlobalLOK™ assists RTO clients in reducing their theft and payment defaults, which currently account for lost revenues of approximately $140 million annually. Benefits include improved collection ratios, increased returns on assets, and reduction in overhead used to recover computers from delinquent customers.
Fred Rackers, President of Globalgroup Investment Holdings, Inc., commented, "In addition to providing GlobalLOK™ for client-owned computers, Globalgroup, through a major manufacturer and distributor of brand named as well as private labeled computers and electronics, will now offer PCs and laptops at exceptionally competitive wholesale prices with GlobalLOK™ already embedded. This is a huge opportunity for GIHI."
Globalgroup anticipates 5% penetration into the RTO computer segment during this first year and annual revenues of approximately $2,500,000 from GlobalLOK™ when combining license fees along with wholesale PC and laptop anticipated sales.
GIHI () will continue to integrate its proprietary technologies into mainstream business use. Solutions such as GlobalLOK™ address the payment collection challenges associated with rent-to-own and pay-as-you-go programs. GlobalLOK™ will work in any industry where remote PCs and laptops are deployed.
Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct.
For more information on Globalgroup contact:
Globalgroup Investment Holdings, Inc.
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Datum: 14.06.2012 - 13:30 Uhr
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News-ID 156598
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