PLRB Pluribus Technologies Corp

TORONTO, Sept. 13, 2023 /CNW/ - Assured Software Ltd. ("Assured"), a Pluribus Technologies (TSXV: PLRB) portfolio company that provides a restoration and content job management platform, today announced it has released a real-time item replacement cost evaluation tool: Assured ReplaceIt.

Built to supplement the Assured PackOut® content solution, Assured ReplaceIt has been designed to provide real-time replacement pricing for inventory items, making it an indispensable tool for damage assessment, job estimation, and claim settlement.

The ReplaceIt solution enables restoration firms, adjusters, and insurers to source live, regional replacement pricing for lost or damaged contents items, based on the item's specifications.

Pluribus CEO Richard Adair mentions, "For each of Pluribus' companies, our core commitment lies in fostering revenue expansion through innovative approaches. Our ability to provide intelligent and strategic solutions, exemplified by offerings such as replacement value, not only propels growth within our existing vertical but also resonates with new insurance clientele both domestically and on the global stage."

The automated pricing engine, linked to a network of retailers, searches for a range of similar replacement items and sort results based on a best-price sort filter. Using Assured ReplaceIt automates a previously manual and time-consuming role that required dedicated personnel to search for pricing, and improves accuracy and productivity of contractors, adjusters, and insurance claims handlers.

"Key to our approach, design and solutioning is our collaboration with local and international insurer, adjuster, and restoration firms. Our focus is on solving the main pain points for each while improving known bottlenecks in the workflow that impact processing times, and this greater control of the indemnity spend, benefits all parties. Our most recent improvements used a variety of technologies including machine learning, AI and a rules engine to solve these challenges and we are working daily on improvements. We are excited about the product and scalability and are working on further collaborations to bring more value-add solutions to fruition" said Johan Erasmus, President of Assured Software.

The ability to reduce manual processes is a win for policyholders, restoration businesses and insurance companies alike and will undoubtably improve opportunities to grow in adjacent verticals.

Assured Software, a wholly owned subsidiary of Pluribus Technologies Corp. (TSXV: PLRB), provides a restoration and contents job management platform that's built on Salesforce^® Cloud. When faced with fire or water damage, home and business owners turn to insurance carriers and companies that provide emergency remediation, construction and restoration services for clean-up and repair. Assured Software's restoration and contents job management platform assists restoration contractors, adjusters, and carriers with quickly getting policyholders' facilities back to normal, providing the best possible experience for each participant in the value chain. For more information, please visit: assuredsoftware.com.

Pluribus is a technology company that acquires small, profitable business-to-business software companies at reasonable prices in a range of verticals and industries. Pluribus provides experienced sales and marketing resources, strategic partnerships and enabling technologies including automation, self-service, and artificial intelligence/machine learning to create new revenue streams and enable companies to grow into significant organizations in their respective markets. For more information, please visit: pluribustechnologies.com.

Certain information in this press release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking information in this press release includes, but is not limited to, statements with respect to the business plans of the Company. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or negatives of these terms and similar expressions.

Forward-looking statements are based on certain assumptions, including the Company's ability to complete acquisitions on favorable terms; the Company's ability to manage a complex portfolio of companies effectively; the Company's ability to scale its management team to support a rapid pace of growth; the Company's ability to raise sufficient financing to continue the pace of its acquisition strategy; the Company's ability to maintain its rapid pace of growth; and expected benefits of entering into the MVA with QHR . Other assumptions include industry trends, the availability of growth opportunities, and general business, economic, competitive, political, regulatory and social uncertainties will not prevent the Company from conducting its business. While the Company considers these assumptions to be reasonable based on information currently available, they are inherently subject to significant business, economic and competitive uncertainties and contingencies and they may prove to be incorrect. Forward-looking information speaks only to such assumptions as of the date of this release.

Forward-looking statements also necessarily involve known and unknown risks, including without limitation, risks associated with general economic conditions, including the COVID-19 pandemic, adverse industry events, marketing costs, loss of markets, future legislative and regulatory developments, the inability to access sufficient capital on favourable terms, the Company's limited operating history; ability to complete favorable acquisitions; the software industry in Canada and internationally, income tax and regulatory matters, the ability of the Company to execute its business strategies, including the ability manage a complex portfolio of companies effectively, competition, currency and interest rate fluctuations, and other risks.

Readers are cautioned that the foregoing is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ from those anticipated. Forward-looking statements are not guarantees of future performance. The purpose of forward-looking information is to provide the reader with a description of management's expectations, and such forward-looking information may not be appropriate for any other purpose. Except as required by law, the Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

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Contact:

Richard Adair
Chief Executive Officer
Pluribus Technologies Corp.
1 (800) 851-9383

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SOURCE Pluribus Technologies Corp.