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Homebuilder Stock News: BuildDirect (TSXV: BILD) Launches New Pro-Focused Service Offerings

 

Vancouver, British Columbia - October 5, 2023 (Newsfile Corp.) (Investorideas.com Newswire) BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company"), a leading omnichannel building material retailer, is pleased to announce that the Company has launched new service offerings that are designed for 'Pro' customers.

BuildDirect now offers Pro customers a platform to help build their business which includes customized e-commerce sites, white-label branded flooring products, free flooring samples, and fulfillment services that meet their needs. The Company aims to enable Pro customers to provide their clients with a professional e-commerce experience and high quality product offerings. This also opens the path for BuildDirect to build a potential recurring revenue stream.

"We are excited to provide new service offerings aimed at better meeting the needs of our Pro customers," said Shawn Wilson, CEO of BuildDirect. "BuildDirect has historically focused on product offerings and limited its service program to fast and efficient jobsite delivery. We aim to become a leading provider of products and services for flooring professionals and, as a result, we launched these services in order to support Pro customers across various aspects of their business."

About BuildDirect

BuildDirect (TSXV: BILD) is a growing omnichannel building material retailer. BuildDirect connects North American home improvement B2B and B2C organizations, and homeowners with quality building materials and services through its robust global supply chain network. BuildDirect's growth trajectory, strong product offering, and proprietary heavyweight delivery network are delivering value today, solidifying its position as an innovative player in the home improvement industry. For more information, visit www.BuildDirect.com.

Forward-Looking Information:

This press release contains statements which constitute "forward-looking statements" and "forward-looking information" within the meaning of applicable securities laws (collectively, "forward-looking statements"), including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions. These statements reflect management's current beliefs and expectations and are based on information currently available to management as at the date hereof.

Forward-looking statements in this press release may include, without limitation, statements relating to the enablement of the Company's Pro customers to provide their clients with a professional e-commerce experience and high quality product offering, the Company's ability to support and better meet the needs of its Pro customers and to build a recurring revenue stream from its new Pro services offering, and BuildDirect becoming a leading provider of products and services for flooring professionals.

Forward-looking statements involve significant risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Among those factors are changes in consumer spending, inflation, availability of mortgage financing and consumer credit, changes in the housing market, changes in trade policies, tariffs or other applicable laws and regulations both locally and in foreign jurisdictions, availability and cost of goods from suppliers, fuel prices and other energy costs, interest rate and currency fluctuations, retention of key personnel and changes in general economic, business and political conditions. These forward-looking statements may be affected by risks and uncertainties in the business of the Company and general market conditions.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements.

Although the forward-looking statements contained in this press release reflect the Company's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, the Company cannot assure readers that actual results will be consistent with these forward looking statements. There may be other risks, uncertainties and factors that cause results not to be as anticipated, estimated or intended and such changes could be material. These forward-looking statements are made as of the date of this press release, and BuildDirect assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information: Matt Alexander, Interim CFO, 1.778.382.7748; BuildDirect Investor Relations, ir@builddirect.com, 1.905.347.5569

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