American Aires Launch a Recurring Revenue Subscription Model for Product Sales
Toronto, Ontario--(Newsfile Corp. - February 22, 2021) - American Aires Inc. (CSE: WIFI) (the "Company" or "Aires"), is excited to launch an additional purchasing option for customers through the implementation of a multi-year subscription plan for Aires products. The subscription option will be available to customers beginning in March. This new subscription plan is a way to generate a worry-free, predictable revenue stream for Aires and, most importantly, is a way of building strong relationships with customers.
This new business model is based on the idea of selling Aires products using a monthly or yearly recurring subscription payment. In essence, subscription business models focus on creating recurring revenue for the Company, as a single customer pays multiple payments over a longer period of time for prolonged access to a good or service.
The key features of this Subscription model are:
- Improved sale conversion rates by reducing barrier to entry with a lower initial price point
- Provide a higher level of customer service through improved convenience
- Recurring billing offers predictable revenue
- Subscription billing increases return on customer acquisition costs
- Earn more revenue per customer through up-selling and cross-selling
- Improve the customer lifetime value and customer retention
- Reduce the return rate caused by buyer's regret
- Easy to implement
After significantly increasing revenue and sales in 2020 Aires intends to build upon that momentum by pairing this new subscription sales program with the Company's latest marketing initiatives to create large-scale sales growth. The profitability of this kind of subscription program is highly scalable and will provide Aires with a more predictable revenue stream going forward.
Aires' CEO, Dimitry Serov, commented, "By providing this new subscription option for the purchase of our products we are making it even easier for potential customers to do business with us, while at the same time, increasing the potential value of each individual customer. This new model is also highly scalable and will provide the Company with a predictable, recurring revenue stream that does not require any additional recurring costs to maintain. We are very excited about offering this solution to our customers and feel it comes at the perfect time as we begin to put significant effort into marketing our products worldwide."
About American Aires Inc.
American Aires Inc. ("Aires") is Canadian-based nanotechnology company which has developed proprietary silicon-based microprocessors 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'. Learn more at www.airestech.com.
On behalf of the board of directors
For further information please contact:
Investor Cubed Inc.:
Neil Simon, CEO
Telephone: (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, joint-ventures 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.
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