Retail Chain Store Management System Completes Product Initiatives into Major Indian Growth Markets
Allentown, PA / ACCESSWIRE / July 30, 2014 / Brainybrawn, Inc. (OTC PINK: BRNW) (PINK SHEETS: BRNW) announced that its Retail Chain Store Management System ("SANVI RCMS"), is now installed and operational with a women’s clothing retail chain in northern India. The application was being actively used at six of the chain’s locations with options for continued expansion.
The acceptance of SANVI RCMS bodes well considering the opportunity presented by the large and rapidly expanding retail sector catering to India’s 1.2 billion people, along with the Company’s product expansion into the strong growth markets of Higher Education and Restaurant systems.
SANVI RCMS’ comprehensive design integrates billing, purchase, inventory control, and accounts receivable into a functional management system for a retail store chain with more than one retail store. The application not only connects head-offices with retail locations but also links individual retail stores with each other and thereby brings about operational efficiencies across the entire range of the retail-chain’s business.
In January 2014, the Business Line segment of The Hindu cited the Indian retail market, currently estimated at $490 billion, is project to grow at a compounded annual growth rate of 6 per cent to reach $865 billion by 2023. The Company believes that the expected overall growth in the retail sector in India creates an exciting opportunity for its Retail Line of products.
About Brainybrawn, Inc.
Brainybrawn, Inc., through its subsidiary Sanvi Infotech Pvt. Ltd (India), develops customized web and windows applications and comprehensive solutions across a diversified range of industry segment and also assist media and marketing companies, retailers, and education, healthcare and hospitality providers, in India and elsewhere, by developing products and services to help support, and market their practices and businesses with innovative technology and business solutions such as office and business automation, ERP and comprehensive information management software.
This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management’s current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.
SOURCE: Brainybrawn, Inc.