InsuraGuest Books Best Revenue Month Since Inception
August 04 2020 - 7:00AM
via NetworkWire – InsuraGuest Technologies, Inc.® (TSX-V: ISGI)
(the “Company” or “InsuraGuest”) today announces that its
hospitality division, InsuraGuest (“ISG”), has booked its best
revenue month since its inception in spite of challenges it faced
with Covid-19 and the devastation the disease has caused the
hospitality industry.
With InsuraGuest Hospitality Liability custom coverages, hotels
benefit from an additional layer of protection on a primary
basis should a guest experience an accident or theft while
staying at an InsuraGuest-covered hotel property.
“Despite the Covid-19 pandemic, we are seeing an increase in
hotel stays during July and as a result our hospitality division is
having its best revenue month since we opened our doors,” said
InsuraGuest CEO and Chairman, Douglas Anderson. “Our hotel members
are creating safer environments for their guest’s visits, and they
are seeing first hand the value InsuraGuest brings by inserting our
Hospitality Liability coverages as a layer of protection when a
guest experiences an accident or theft. This allows the hotel to
lower their risk ratio, lower their claim ratio, and remove their
Med-Pay, thus helping them save money on their current General
Liability policy.” InsuraGuest’s API integrates with
approximately 70 different hotel property management systems,
including Oracle Opera, Hilton -ONQ, Springer-Miller Systems,
Marriot Fosse, Marriott Full Service, Agilysys and Lightspeed
GPS.InsuraGuest Technologies, Inc.Harnessing the
Power of Technology to Reinvent Insurance
InsuraGuest Technologies, Inc. (TSX.V: ISGI) is an insurtech
(insurance + technology) company that’s disrupting the insurance
landscape by utilizing its proprietary software platform to deliver
digital insurance to multiple sectors. We’re transforming the way
insurance is delivered with the revolutionary idea that insurance
should be bought, not sold.
For more information, visit the company’s website at
www.InsuraGuest.com.
Information set forth in this news release contains
forward-looking statements that are based on assumptions as of the
date of this news release. These statements reflect management’s
current estimates, beliefs, intentions and expectations. There is
no assurance that this new business product offering or other
planned products will be successful. The insurance industry is
intensely competitive and the Company’s competitors have
significantly more resources than the company. Acceptance by
potential customers is difficult to predict, particularly in the
case of new products and disruptive technologies. If the company
fails to achieve market acceptance it will significantly impact its
results and financial resources. Achieving market acceptance may
require advertising budgets that exceed the Company’s current
resources and require the Company to seek additional debt or equity
financing. There is no assurance that such financing will be
available at reasonable prices or at all.
NEITHER 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. Company
Contact:Investor Relations +1-212-466-6200 ext.
1Investor@InsuraGuest.com
Corporate Communications:InvestorBrandNetwork
(IBN) Los Angeles, California www.InvestorBrandNetwork.com
310.299.1717 Office Editor@InvestorBrandNetwork.com
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