- Macadoodles® has partnered with Danavation to provide Digital Smart Labels™ in store
- Partnership builds on success of the initial installation into the Kansas City Macadoodles' location
- Compelling value and return on investment from Danavation's solution supported Macadoodles' decision to partner
Toronto, Ontario--(Newsfile Corp. - March 10, 2023) - Danavation Technologies Corp. (CSE: DVN) (OTCQB: DVNCF) ("Danavation" or the "Company"), the only North American-founded and headquartered technology company providing micro e-paper displays, is pleased to announce a partnership with Macadoodles®, a US-based chain of liquor stores across Arkansas and Missouri. Following the first successful installation of our Digital Smart Labels™ for a Macadoodles' location in Missouri, the wine and liquor chain recognized the benefits and return on investment of Danavation's solution, which ultimately drove the decision to partner.
Each independently-owned Macadoodles® location is stocked with over 4,000 different labels of fine wine and features a vast selection of liquor and beer. With significant inventory to manage, track and price accurately, Macadoodles® found an ideal solution in Danavation's Digital Smart Labels™. Having supported other sizeable beverage alcohol retailers, Danavation's Digital Smart Labels™ and Platform-as-a-Service (PaaS) offer an ideal solution to automate, streamline and enhance the efficiencies of Macadoodles' in-store operations. In addition, Danavation's solution helps to improve margins by enhancing staff efficiency and reducing financial and reputational costs associated with inaccurate shelf pricing. Partnered with Danavation, Macadoodles® stands to be better positioned to continue ensuring that every plan and every detail is right for the customer; and if not, they will go back and make it right.
"We are thrilled to partner with a retailer like Macadoodles®, whose core values are centered around the customer experience. Since our Digital Smart LabelsTM can reduce the complexities and time associated with pricing a large inventory of products, staff time is freed up to really enhance customer service and support," said John Ricci, CEO of Danavation. "This partnership with another U.S. retailer is a reflection of the continued acceleration of Danavation's sales and marketing strategy, and we look forward to continued success and building on our growing revenue base."
About Danavation
Danavation Technologies Corp. is the only North American-founded and headquartered technology company providing Digital Smart Labels™ and a software Platform-as-a-Service (PaaS) solution that enables companies across various sectors to automate labelling, price, product, and promotions in real-time. Danavation's Digital Smart Labels™ enhance data accuracy and improve performance by removing high labour costs and low productivity typically associated with traditional labour-intensive workflows. Our goal is to create a sustainable and profitable business for shareholders while advancing sound environmental, social and governance practices, including by significantly reducing paper usage. Danavation has introduced its solution to retailers across North America, including big box and boutique grocers, while also targeting new markets including healthcare providers, manufacturing, and logistics companies. Learn more about the background of Danavation and our vision for the future on our website. As well, follow us on LinkedIn, Instagram, Twitter and YouTube for more updates on how we are transforming the retail landscape.
For further information, please contact:
John Ricci
President & Chief Executive Officer
hello@danavation.com
Kyle Nazareth
Chief Financial Officer
Tel: 289-892-3974 | investors@danavation.com
Forward-Looking Information
This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward‐looking statements or information. More particularly and without limitation, this news release contains forward‐looking statements and information relating, the future business of the Company, potential roll outs of the Company's products and services, further business from the Company's clients, industry outlook and potential and other matters. The forward‐looking statements and information are based on certain key expectations and assumptions made by management of the Company. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward‐looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forward‐looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE CANADIAN SECURITIES EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/157915
