Concierge Technologies Launches New Subsidiary Kahnalytics, Inc.

VALLEY CENTER, CA / ACCESSWIRE / June 22, 2015 / Concierge Technologies, Inc. (OTC: CNCG) today announced that it has established a newly formed, wholly owned, subsidiary domiciled in the state of California. The subsidiary is named Kahnalytics in recognition of Allen E. Kahn who founded Concierge Technologies in 1996.

Kahnalytics will be focusing on the supply of vehicle-mounted cameras and related hardware and software to insurance companies who demand, or recommend, their insureds have a recording device installed in the subject vehicle. Kahnalytics will be focusing not only on providing the hardware (commonly known as a “dash cam”) but also installation and support services. David Neibert, President of Kahnalytics, commented “Kahnalytics has experienced an immediate success with orders coming in daily from one insurance company. We plan to begin the development of specialized software that will provide a concise driver behavior grading scale for use by fleet management and as a risk evaluation tool for insurance companies. At Kahnalytics we realize that fleet managers will not allot time to review hours on end of video records, and that insurance companies are only interested in risk management and claim losses, so we plan to provide them the reporting tools that accomplish those needs. Over time, we expect the camera to become an interchangeable tool whereas the report writing capability and data management becomes the core service being offered. We’re excited to be at the forefront of this emerging technology.”

Concierge Technologies recently sold its wholly owned subsidiary, Janus Cam, to its management team in an effort to cut operating losses and pursue diverse businesses as they were identified. On May 29, 2015 Gourmet Foods Limited of Tuaranga, New Zealand accepted Concierge Technologies’ offer to purchase and the acquisition remains subject to satisfactory completion of due diligence, regulatory approvals and other such steps as are usual and customary in acquisitions such as this. While working through the due diligence, Concierge Technologies will focus other resources on the operation of Kahnalytics while continuing its search for additional acquisition targets in furtherance of its stated objective; to create a consolidated group of companies providing profitable operations and increased shareholder value for investors.

This release may contain “forward-looking statements” that include information relating to future events and future financial and operating performance. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. For a more detailed description of the risk factors and uncertainties affecting Concierge Technologies or its subsidiary companies, please refer to the Company’s recent Securities and Exchange Commission filings, which are available at the Company’s website or at www.sec.gov.

For information about Concierge Technologies, Inc. contact:

Concierge Technologies, Inc.: www.conciergetechnology.net
Nicholas Gerber, CEO: ngerber@conciergetechnology.net
David Neibert, CFO: dneibert@conciergetechnology.net
Tel: 866-800-2978 ext. 3

SOURCE: Concierge Technologies, Inc.

ReleaseID: 430002