AMERI Holdings To Expand Offering With Blockchain Solutions To Bring Trust, Transparency And Efficiency To Customer Supply Chains

- Blockchain Solutions Planned for Company's Manufacturing, Aerospace and Retail Customers -

 

PRINCETON, N.J., Jan. 10, 2018  -- AMERI Holdings, Inc. (NASDAQ: AMRH) ("Ameri100" or the "Company"), a specialized SAP® cloud, digital and enterprise services company, today announced that it intends to expand its service offering with blockchain functionality designed to transform its customers' approach to supply chain management by delivering greater transparency and accountability at every step of a customer's supply chain. The Company will develop its expanded offering through the establishment of an in-house blockchain practice, the formation of new strategic partnerships with blockchain technology companies and the acquisition of startup companies that offer blockchain functionality.

Ameri100's blockchain initiative will initially focus on bringing greater supply chain visibility, traceability and vendor contract simplification (smart contracts) to the Company's customers in the manufacturing, aerospace and retail sectors. These sectors cumulatively comprise the largest segment of the Company's customer base and are at the forefront of blockchain technology adoption.

 

Brent Kelton, the Company's Chief Executive Officer, stated, "Our blockchain initiative reflects a customer-driven approach to supply chain management that offers substantial advantages over today's conventional supply chain IT infrastructure. With the deployment of blockchain solutions, customers can expect to see increased transparency and greater efficiency in the management of their complex supply chains that should yield substantial time and cost savings. As enterprises move to deploy new technologies like blockchain, this expansion of our best-in-class solutions is an investment in the Company's future success."

 

About Ameri100

 

Ameri100 is a fast-growing specialized SAP® cloud, digital and enterprise services company which provides SAP® services to customers worldwide. Headquartered in Princeton, New Jersey, Ameri100 has offices in the U.S. and Canada. The Company also has global delivery centers in India. With its bespoke engagement model, the Company delivers transformational value to its clients across industry verticals. For further information, visit www.ameri100.com.

 

Forward-Looking Statements

 

This press release includes forward-looking statements that relate to the business and expected future events or future performance of Ameri100 and involve known and unknown risks, uncertainties and other factors that may cause its actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Words such as, but not limited to, "believe," "expect," "anticipate," "estimate," "intend," "plan," "targets," "likely," "will," "would," "could," and similar expressions or phrases identify forward-looking statements. Forward-looking statements include, but are not limited to, statements about Ameri100's financial and growth projections as well as statements concerning our plans, predictions, estimates, strategies, intentions, beliefs and other information concerning our business and the markets in which we operate. The future performance of Ameri100 may be adversely affected by the following risks and uncertainties: the level of market demand for our services, the highly-competitive market for the types of services that we offer, market conditions that could cause our customers to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions around the world, and other risks not specifically mentioned herein but those that are common to industry. For a more detailed discussion of these factors and risks, investors should review Ameri100's reports on Form 10-K and other reports filed with the Securities and Exchange Commission (the "SEC"), which can be accessed through the SEC's website. Forward-looking statements in this press release are based on management's beliefs and opinions at the time the statements are made. All forward-looking statements are qualified in their entirety by this cautionary statement, and Ameri100 undertakes no duty to update this information to reflect future events, information or circumstances.

 

Corporate Contact: 

Viraj Patel, Chief Financial Officer

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Investor Relations Contact: 

Jody Burfening/Sanjay M. Hurry

LHA Investor Relations

(212) 838-3777

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