01:01:05 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Bnsellit Technology Inc
Symbol BNSL
Shares Issued 45,804,039
Close 2022-01-20 C$ 0.15
Market Cap C$ 6,870,606
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Bnsellit talks up number of new hosts in four months

2022-01-21 16:04 ET - News Release

Mr. Tony Comparelli reports

BNSELLIT TECHNOLOGY INC. PROVIDES OPERATING UPDATE

Bnsellit Technology Inc. has provided an update on operating results for the last quarter of 2021 and forecast for January, 2022.

The Bnsellit platform was formally launched in October, 2021. During this period the emphasis has been on strengthening the internal team, onboarding new hosts to the platform and on distributing marketplace kits to new hosts. The corporation has seen explosive growth in its key metrics of number of active hosts, the number of transactions on the platform, the gross value of the transactions and the average value of each transaction over the past four months.

Growth in each of these key metrics was higher than originally forecast with hosts becoming active soon after they are onboarded and have their marketplace set up. Early January has seen the number of transactions per day continue to increase even after the holiday period, and the growth in the average transaction value is a reflection of the company's hosts exploiting the potential of the platform and the items they offer for sale.

"Our marketplace starter kit program, launched in November, 2021, provides hosts with a simple, hassle-free opportunity to begin realizing the revenue potential available with each and every rental. In less than three months, the program has had a significant impact on our gross revenue, average sale and number of active hosts, and we expect this trend to continue as more hosts take advantage of the program," stated Tony Comparelli, chief executive officer.

About Bnsellit Technology Inc.

Bnsellit Technology is a technology company that connects guests staying in short-term rental (STR) properties with items offered for sale or rent by STR owners and managers. With the Bnsellit app, hosts can quickly and easily post and manage items located on-site for sale or rent. Items which can significantly increase revenue per stay. These items can include local souvenirs, decor, essential items, snacks, toiletries, art, antiques and activity kits. Using the Bnsellit app, hosts can also rent bicycles and golf clubs, or sell access to high-speed Internet for even more revenue. When guests arrive at a Bnsellit host location, they are presented with simple instructions on how to view, purchase or rent available items. Once the payment transaction is complete, the guest can use the item during their stay or take it with them when they leave.

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