Concierge Technologies Ramps Up Production at Gourmet Foods

VALLEY CENTER, CA / ACCESSWIRE / January 7, 2016 / Concierge Technologies, Inc. (OTC: CNCG) (the “Company”), parent of Gourmet Foods, Ltd. in Tauranga, New Zealand, a commercial-scale manufacturer and distributor of New Zealand gourmet meat pies, announces completion of its enhanced production line facilities. The Company had advanced a loan of NZ$250,000 to Gourmet Foods earmarked for acquisition of a high capacity packaging machine to accommodate anticipated production increases due to heightened sales of its family-sized products to national grocery chains. The new machinery is now installed and production is running smoothly. Sales have increased for the family-sized product by as much as 66% over previous demands for comparison periods.

Bryce Cole, president of Gourmet Foods, commented “We are now able to easily handle the increased volume demands on our production thanks to the efficiency of the new automation machine. With the inclusion of the family-sized pies now being ordered by our major customers, plus the addition of over 160 other stores being added to our distribution list, we certainly needed to ramp up capacity. The month just ended produced the highest volume sales ever recorded by the company and we can comfortably say that we now have room to grow even more.”

Nicholas Gerber, CEO of Concierge Technologies, added “We are more than pleased with the progress made by Bryce and his team at Gourmet Foods. Since we acquired Gourmet Foods during August 2015 they have shown increasing sales and improving profit margins. A short term infusion of capital in the form of an intercompany loan has proven a sound investment. We are also looking forward to the upcoming product launch of Kahnalytics, another of our wholly owned subsidiaries, in the area of live-streaming vehicle video and data reporting. 2016 looks to be quite an exciting time for the Company.”

About Concierge Technologies, Inc.

Concierge Technologies, Inc. operates through its wholly-owned subsidiaries, Gourmet Foods, Ltd. and Kahnalytics, Inc., who has been bringing the latest in mobile video recording technologies to the commercial insurance industry. Kahnalytics is currently involved in the final phases of implementing a comprehensive Internet-based data gathering and reporting system that will take video clip uploads, GPS-based vehicle location data and G-force inertial data from vehicle cameras and interconnected devices to be used for driver performance rating and risk analysis for major fleet operators. When the development is completed, Kahnalytics will also be able to offer a live-streaming video from the vehicle camera to its users. The Company completed the acquisition of New Zealand-based Gourmet Foods Ltd., a well-established producer of popular New Zealand meat pies and bakery products under recognized supermarket brand names “Pat’s Pantry” and “Ponsonby Pies” on August 12, 2015. The Company completed a reverse split of its stock in a 10:1 ratio on December 15, 2015 with the result of a “D” being appended to its symbol for a period of 20 days. Trading is unrestricted and shareholders should refer to the Company’s filing of form 8K on December 16, 2015 for further information. Management is actively seeking the acquisition of established enterprises with a high likelihood of profitability to add to its growing, diverse portfolio of operating businesses.

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 more information about Gourmet Foods, Ltd. please visit www.bestpies.co.nz.

For more 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: 435358