ShareRoot's Sales Team Ramps Up

Further US Client Momentum as ShareRoot's Sales Team Ramps Up
As seen on the ASX here

Highlights

• ShareRoot has signed three US client contracts to close out CY16Q2, with sales team already delivering ahead of schedule
• Delivering SaaS sales uplift in the coming months, the client wins provide further strong customer validation for ShareRoot’s products
• Clients are Proof Advertising, Merchbar and Cheap Caribbean
• ShareRoot sales team will continue to grow its customer base to drive further sales of the Company’s offering

Leading user-generated content (UGC) marketing platform company, ShareRoot Limited (ASX:SRO, “ShareRoot” or the “Company”) is pleased to provide an update on its sales initiatives, following the closing of three major US clients.


Continuing the Company’s strong customer growth momentum from its recently added sales team members, the company now has over 20 clients encompassing over 45 brands on its platform. These client wins are consistent with ShareRoot’s objective to increase its client base and commercialise its unique and innovative UGC offering.

New clients include:

• Cheap Caribbean: Cheap Caribbean is a well-known holiday planning website and travel agent. It is an existing client of ShareRoot’s Standard Package and through its new contract, has jumped to ShareRoot’s Premium package and increased its spend by 512%.
• Proof Advertising: One of Proof Advertising’s well-known premium popcorn products in the US and has signed on to ShareRoot’s Standard Package offering.
• Merchbar: Merchbar sells band shirts, posters, hoodies, and merchandise from over 10,000 top entertainment artists and has signed onto ShareRoot’s Standard Package offering.

ShareRoot's sales team is making progress growing the Company's customer base, with further sales uplift expected in the months ahead.

The new clients will pay a monthly SaaS subscription fee to ShareRoot for its UGC platform.


ShareRoot Co-Founder and CEO Noah Abelson said:

“Our new sales team members are ramping faster than expected delivering strong sales growth, as demonstrated by our significant increase in sales related metrics.

In addition to the clients mentioned today, ShareRoot’s sales team is currently working on closing a number of further sales contracts in the US and in Australia, and we look forward to providing further updates in due course regarding our sales progress.”