Spindle Targets Multi-Billion Dollar Nascent Market Opportunity with Approaching Launch of CatalystTeamSports.com
Disruptive Platform with Multiple Revenue Verticals Expected to Enable High Level, Loyal Consumer Engagement
SCOTTSDALE, AZ -- (Marketwired) -- 10/25/16 -- Spindle, Inc. (OTCQB: SPDL) ("Spindle" or "Company"), a leading provider of Unified Commerce solutions, today announced it is beta testing CatalystTeamSports.com, a disruptive online management tool for sports leagues and teams targeting the nascent $9 billion U.S. youth sports market. Commercial release is expected in December.
According to GII Research, "Worldwide youth and amateur adult league sports software markets are poised to achieve significant growth and enormous market consolidation as youth and recreational teams move to automated process. Integration of a variety of technologies is the functional direction of market development as vendors seek to build out a platform. Very few vendors are specialists in payments processing. Credit card processing is an important part of running a team. The teams revolve around shared use of fields, courts or ice. Payments processing provides a way to collect the money easily, providing a base for the team."
CatalystTeamSports.com is the result of a collaborative effort between Spindle, leveraging its strong industry expertise in payments, and coaches, who desire specific functionality. CatalystTeamSports.com has been designed to meet the needs of coaches and sports participants ranging from youths to adult leagues and groups.
CatalystTeamSports.com will deliver a complete team management platform that includes features such as: team player registration, league management, standings, statistics, team scheduling, tournament scheduling, team blogging, team email communication, and even Facebook, Twitter, and Instagram integration for social media engagement. Teams and leagues can expect to find all of these features available by year end.
Spindle's Team and League Management solution will also include a SaaS suite that will rival Facility Management solutions of other software providers. By integrating the CATALYST Gateway, CRM, and other core components, the platform can easily expand into and service sports practitioners, doctors, pharmacies, sports facilities, gyms, salons, and any other vertical markets that are looking for a unified platform to manage their scheduling, marketing, accounting, and payment processing needs.
Spindle EVP & CATALYST GM, Antone Biondo, stated, "We believe our team fund raising system, coupled with our equipment and apparel purchasing program, enhances our platform and significantly differentiates us from current offerings in the marketplace. These systems enable users to accumulate and redeem rewards points providing consumers with additional benefits. Our proprietary solutions, together with strategic partner integrations, have enabled us to deliver a sophisticated platform that will benefit numerous business verticals at a price point below that of our competition. This is a natural supplement to our business due to our unique ability to leverage our existing payment processing expertise within a new and highly scalable, opportunistic revenue vertical."
Biondo concluded, "We expect the CatalystTeamSports.com team store to be the foundation and cornerstone of our marketplace that will expand with goods and services from various other strategic relationships and from the merchants to which we provide payment and marketing solutions. With the integration of CRM capabilities into the CatalystTeamSports.com platform, we have built a truly enterprise level solution. Currently being beta tested by partners, we look forward to anticipated commercial launch by year end."
Spindle is an innovator of unified commerce solutions for consumer-facing merchants of all sizes. It is focused on pioneering new ways for businesses to rapidly integrate mission critical business services, payment acceptance, and mobile marketing services -- while empowering location-based merchant discovery, fulfillment and frictionless consumer engagement. Spindle is dedicated to offering cutting-edge solutions that surpass traditional boundaries and allow clients, partners, merchants and consumers to take full advantage of the rapidly emerging mobile economy. Spindle's extensive proprietary intellectual property portfolio -- which includes patents pending -- encompasses networks, mobile payments, and security. For more information, visit www.spindle.com.
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements, as described in our reports filed with the Securities and Exchange Commission which are available for review at www.sec.gov, to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
Executive Vice President
Source: Spindle Inc.
Released October 25, 2016