Business Warrior Corp. (OTC: BZWR), the source for small businesses in America to get more customers, continues to outperform their revenue projections and executes a partnership to revolutionize how small businesses attain growth financing.
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(Graphic: Business Wire)
Revenue and Strong Balance Sheet
Business Warrior Corporation is reporting its revenue for March and April to be over $1.9M. This is on top of February’s revenue performance, creating three months of strong revenues. When compared to the $386K reported in all of last year (fiscal), March and April’s revenue is almost five times as much revenue in just two months compared to all of last year. The strong cash position enabled the company to eliminate over $824K of debt at a 35% discount, which further strengthens its balance sheet.
The company’s fiscal third quarter ended in May, so the impressive revenue in March and April along with a much stronger balance sheet bodes very well for its quarterly results.
Partnership to Provide Solutions to Banks
Business Warrior attributes some of its recent success to the software and marketing solutions being used with its partners. The company is expanding upon one of those partnerships with elev8 Advisors Group. The two companies are developing a unique and proprietary solution to provide growth capital to small businesses through their banking relationships.
elev8 has a direct relationship with several regional and national banks. Business Warrior, elev8, and these national banks have a common interest in helping small businesses thrive. While Business Warrior’s core focus is to help its small business subscribers get more customers, providing the capital needed to grow is closing the loop on Business Warrior’s long term strategy.
“The solution we’re developing with Business Warrior is solving a huge problem for banks and addressing a major gap in the marketplace for small businesses,” said Adam Spencer, Managing Partner of elev8 Advisors Group. “We have agreements with six different banks encompassing over 25,000 small businesses today, each with lending needs in their portfolios and we’re signing more as we speak.”
These regional and national banks want to provide more loans to the right businesses that have a higher likelihood of succeeding, but banks have a difficult time predicting which businesses are doing well and which ones are struggling. Business Warrior’s software provides leading indicators and proprietary analytics giving banks insight into the health of a company and more opportunities to lend more money at a better offering than what is available to small businesses on the market today.
“We see a big gap in the market today between the loans available from banks, which are very hard to get approved for, and the cash advance companies that charge insane interest rates with extreme payback terms,” said Business Warrior CEO, Rhett Doolittle. “We’re solving the capital problem by rewarding businesses that are on the right track to grow their business.”
Business Warrior and elev8 will be announcing more details around the new solutions in the coming months. For more information on their partnership and Business Warrior’s financial success, check out an interview with CEO, Rhett Doolittle, video update here.
About Business Warrior
Business Warrior Corp. (OTC: BZWR) is the source for small businesses in America to enhance their brand and boost marketing results. Business Warrior is dedicated to helping small businesses grow. Their easy-to-use software creates a customized roadmap designed to generate new and meaningful lead generation for small businesses. Business Warrior helps lay the foundation for online advertising and offers services to help small businesses find long-term success. For more information, please visit www.BusinessWarrior.com.
Forward Looking Statements:
This press release and the offering materials may contain forward-looking statements and information relating to, among other things, the company, its business plan and strategy, and its industry. Forward-looking statements are neither historical facts nor assurances of future performance. They are based on the current beliefs of, assumptions made by, and information currently available to the company’s management regarding the future of the company’s business, future plans and strategies, anticipated events and trends, the economy and other future conditions. When used in the offering materials, the words “aim,” “estimate,” “project,” “believe,” “anticipate,” “intend,” “envision,” “estimate,” “expect,” “future,” “goal,” “hope,” “likely,” “may,” “plan,” “potential,” “seek,” “should,” “strategy,” “will” and similar references to future periods are intended to identify forward-looking statements, which constitute forward looking statements. These statements reflect management’s current views with respect to future events and are subject to inherent risks, uncertainties and changes in circumstances that are difficult to predict (many of which are outside of the company’s control) and could cause the company’s actual results to differ materially from those contained in the forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. All subsequent written and oral forward-looking statements concerning the company, the offering or other matters, are expressly qualified in their entirety by the cautionary statements above. The company does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events.