April 14, 2021 – Toronto, Ontario – American Aires Inc. (CSE: WIFI) (the “Company” or “Aires”) is pleased to announce the launch of their new subscription model which offers consumers the ability to pay for the Aires product that they purchase over time. This new offering creates a recurring revenue platform for Aires and as such, provides the Company with a consistent and dependable revenue stream.
As previously announced, Aires has been in the process of developing a new subscription model initiative to generate a predictable revenue stream for the years to come (refer news release dated 22 February 2021 here).
This new strategy, which the Company is launching alongside its other successful marketing initiatives (Airestech E-commerce Platform, Drop Shipping Program, Affiliates/Influencer Marketing Program, etc.), will increase monthly revenue via recurring subscription payments. This new business model will generate a growing source of repeating revenue for the Company, as a single customer will pay multiple payments over a longer period of time for prolonged access to the Company’s products. All of these new subscription orders will be fulfilled and serviced by the Aires warehouses in the USA and Canada.
The Subscription model program provides immediate benefits for Aires, including:
- Provides a direct response to consumer demand as many customers wish to outfit themselves and their homes in a single order of product and a payment plan eliminates the larger upfront costs for this type of consumer.
- Additional predictable recurring revenue, with multi year agreement.
- Improving revenue by offering a new up-sell and cross-sell tool, which will increase the order amount of each transaction, further increasing revenue.
- Better conversion rates for customers who desire to equip their entire house or office with Aires technology,
- Improve customer lifetime value and customer retention by offering flexibility.
Aires is expecting a progressive revenue increase as early as the second quarter. These monthly subscription payments will provide a steady, dependable income stream that is guaranteed over a time period of 12 to 60 months.
Aires’ new Annual Recurring Revenue (ARR) based on subscription orders will be a significant part of the total yearly revenue growth, with a global target of +200% compared to last year.
Aires’ CEO Dimitry Serov commented, “We will be offering this new program to our customers in North America (USA and Canada) and the product will be delivered directly from our warehouses in NJ and Ottawa within four business days. Looking after our customers is always our top priority, and providing them with a flexible payment plan and constantly improving our services will definitely impact the success of our company!”
About American Aires Inc.
American Aires Inc. is Canadian-based nanotechnology company which has developed proprietary silicon-based Aires silicon resonator chips that reduce the harmful effects of electromagnetic radiation (EMR). The technology was developed by a team of highly credited scientists and confirmed by independent third-party validation including peer reviewed studies and publications in scientific journals. Aires’ Lifetune products specifically target EMR emitted by consumer electronic devices such as cellphones, computers, baby monitors, Wi-Fi radiation, including the rapidly expanding next-generation high-speed 5G networks. Aires is listed on the CSE under ticker ‘WIFI’.
On behalf of the board of directors
Company Contact
Dimitry Serov, CEO
Email: dimitry@airestech.com
Phone: (905) 482-4667
Website: www.airestech.com
For further information please contact:
Investor Cubed Inc.
Neil Simon, CEO
Email: wifi@airestech.com
Phone: (647) 258-3310
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, jointventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “predicts”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Certain material assumptions regarding such forward-looking statements may be discussed in this news release and the Company’s annual and quarterly management’s discussion and analysis filed at www.sedar.com. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
No securities regulatory authority has either approved or disapproved of the contents of this news release. The Shares have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States, or to or for the account or benefit of any person in the United States, absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any common shares in the United States, or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. We seek safe harbour.
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