VANCOUVER, BC, July 27, 2021 /CNW/ - Tribe Property Technologies (TSXV: TRBE) ("Tribe") is pleased to announce the renaming and rebranding of its proprietary property management and post-construction software to Tribe Home. The name Tribe Home replaces the platform's original name, bazinga!, used since its inception in 2011 and strengthens the company's brand recognition under its Tribe portfolio of products and services.

"As a company, we have built ourselves around the concept of community," stated Joseph Nakhla, Chief Executive Officer of Tribe. "Our goal is to change the way people experience community living, connect with their neighbours, and interact with their homes. To do this, we need to simplify community living and all of the complexities around it. Tribe Home is the next step in the evolution and simplification of what Tribe represents. Tribe Home is community in the palm of your hand."

As a core product in the Company's comprehensive suite of products and services for building and managing residential communities, Tribe Home is the fully digital platform that connects residents, owners, councils/boards, property managers, landlords, developers, and trades.

Tribe Home provides real estate developers with the tools to track deficiencies, digitize building data and owners' manuals, and facilitate the handover of a completed community to owners and property managers. As a condo-living platform it offers high-value for community residents with features that allow councils, boards and HOAs to protect their real estate investment through accessibility, transparency, greater collaboration and self-service tools for residents.

"According to the company's proprietary analytics, more than 70% of homeowners in communities we manage are actively using our technology, while more than 75% of clients surveyed say that our online platform is an important communication tool," adds Mr. Nakhla. "This rebrand will support further engagement and uptake on our platform by simplifying our customer experience."

Tribe Home is available at app.tribehome.com, as Tribe Home in the App Store for iOS, and Tribe Home Pro for iPads.

About Tribe Property Technologies:

Tribe is a property technology company that is digitizing the traditional property management industry. As a rapidly growing tech-forward property management company, Tribe's integrated service-technology delivery model serves the needs of a much wider variety of stakeholders than traditional service providers.

Tribe's business is composed of three revenue pillars: software and services (recurring licensing and management fees), transactional (rent or condo fees, banking services, lease-ups) and digital services and partnerships (smart building products, financial and insurance service). 

Tribe seeks to acquire highly accretive targets in the fragmented North American property management industry and transform these businesses through streamlining and digitization of operations. Tribe's platform decreases customer acquisition costs, increases retention and allows for the addition of value-added products and services through the platform. Visit tribetech.com for more information.

ON BEHALF OF THE BOARD

"Joseph Nakhla"
Chief Executive Officer
Tribe Property Technologies Inc.
Joseph Nakhla
Chief Executive Officer
1155 West Pender Street, Suite 419
Vancouver, British Columbia
V63 2P4
(604) 343-2601
[email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement on Forward-Looking Information

This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws regarding the Company and its business, which may include, but are not limited to, statements with respect to the aims and goals of the Company; growth plans including future prospective consolidation in the rental management sector; future acquisitions by the Company; beliefs of the Company with respect to the independent owner-investors market; and prospective benefits of the Company's platform. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to proposed financing activity, proposed acquisitions, proposed success of the Company's platform, regulatory or government requirements or approvals, the reliability of third-party information and other factors or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward- looking statements. The Company does not intend, and do not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

SOURCE Tribe Property Technologies Inc.

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