BOCA RATON, FL, April 22, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Smart Decision, Inc. (OTCMKTS:SDEC) ("Smart Decision" or the "Company"), a next-generation consumer-based LED & CBD algorithm innovator, is pleased to report very strong follow-through in tangible brand partnership discussions following the Company’s appearance at the USA CBD Expo 2020 in Las Vegas last month (the “Expo”).
“It turns out that the Expo was a more important success than we knew,” commented Adam Green, CEO of Smart Decision. “In terms of the depth and number of significant conversations we have had with prospective brand partners in its wake, it really was a game-changing event for this Company. And we will release concrete details in the near future to that effect. It amounts to a tremendous amount of positive momentum in the course of our establishment of a foundation of growth in recurring revenues following our upcoming platform launch.”
As the Company will outline in more detail in coming communications, Smart Decision will be implementing a subscription licensing model for brand partners interested in using its proprietary, patent-pending “Smart Decision” algorithmic CBD product platform along with its positioning as a leader in the quality assurance revolution within the broader CBD mainstream growth process.
Green continued, “The average bounce rate in the CBD industry exceeds 60%. That’s a staggering impediment to reliable results for many entrepreneurs in the space. And it derives from doubt. Consumers start to question themselves when they get to the cart. ‘Am I buying the right CBD product for me?’ ‘Did I choose one powerful enough for my needs?’ Frustration. A declaration of defeat. The browser window gets shut down. We know this – the research is clear. Our software plug-in will help consumers reach the finish line in the CBD ecommerce experience with the confidence to close the transaction. As we pile up case studies, our job will get easier and easier because we will be able to show prospective brand partners how much lower that bounce rate can be, and how much more that implies in terms of sales.”
Management notes that, in coming weeks, the Company will be launching the beta version of its platform technology, which was successfully demoed at the Expo. That technology is being developed in partnership with MIT-trained computational data engineers, and will harness AI, big data, and machine learning to automatically connect new shoppers in the CBD space with the perfect product to suit their needs. The platform is designed to help distributors connect with new adopters as the process of mainstreaming continues to drive robust growth in CBD products.
“We are committed to bridging two key gaps,” concluded Green. “There’s a gap between novice shoppers and new producers, driven by a lack of knowledge capital on both sides. And there’s a gap between the CBD industry and other more established consumer product industries that’s fundamentally about trust and reliability of ingredients. We have cultivated a truly unique position as a solution to both of those gaps. And that’s a powerful place to be given the dramatic growth that still lies ahead for this industry.”
About Smart Decision Inc.
Smart Decision Inc. has researched and is developing algorithms for the consumer and business LED Lighting and CBD markets. With their patent-pending “Smart Decision” algorithms, the confusion of selecting the right product(s), whether for LED or CBD, will be significantly reduced. Ultimately, Smart Decision Inc. believes that selecting the right product the first time, dramatically cuts down on product returns and creates a positive purchasing experience for the consumer.
Forward-Looking Statements
This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements relating to access to capital, liquidity, increased visibility, our growth strategy and product development, updates on the CRADA, and any other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from those currently anticipated are: risks related to our growth strategy; risks relating to the results of research and development activities; our ability to obtain, perform under and maintain financing and strategic agreements and relationships; our dependence on third-party suppliers and partners; our ability to attract, integrate, and retain key personnel; the early stage of products under development; our need for substantial additional funds; government regulation; patent and intellectual property matters; competition; as well as other risks described in our SEC filings. Important factors that may cause the actual results to differ from those expressed within may include, but are not limited to: the success or failure of Smart Decision’s efforts to successfully market its camera; systems, other products and services as scheduled; Smart Decision’s ability to attract and retain quality employees; the effect of changing economic conditions; increased competition; the ability of Smart Decision to obtain adequate debt or equity financing. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law.
For more information, please contact:
Adam Green, CEO
Number: +1-(877)-26-SMART
Email: adam@smartdecisioninc.com
Corporate Website: http://smartdecisioninc.com
Consumer Website: https://cbdsmartdecision.com