Renoworks Announces 2016 Second Quarter Financial Results and Names New CFO - Seite 2

	June 30, 2016			June 30, 2015
Cash Balance	$	239,696		$	198,331
Working Capital	$	220,855		$	175,334
Long- term liabilities	$	203,496		$	277,236
Shareholder's Equity (Deficiency)	$	58,486		$	(73,199	)
Deficit	$	(5,455,307	)	$	(4,974,317	)
Total Assets	$	726,071		$	585,289

Renoworks Software is pleased to announce that Debbie Carter-Ross has been named Chief Financial Officer.

Effective immediately, Debbie Carter-Ross will assume her position as CFO, replacing former CFO Kim Chua. We wish to thank Kim Chua for his dedication and service. In her new role, Debbie will continue with the majority of her tasks she was responsible for as Renoworks Controller from 2008-2016 while assuming new roles and responsibilities. Debbie has been issued 100,000 stock options which vest equally over three years.

About Renoworks

Renoworks Software Inc. develops and sells unique digital visualization software for the remodelling and new home construction industry, primarily in the United States and Canada. Delivered online, as a custom developed app or desktop software, Renoworks provides its technology to manufacturers, contractors, builders and retailers offering the solution to one of the home remodelling industry's greatest challenges: enabling customers to see how their product choices will look in a realistic, virtual environment - even in their own home - before they make a purchase decision. Renoworks markets its software as a cost-effective lead generation tool and generates revenues from three main business lines: enterprise, Renoworks PRO™, and its Software Development Kit (SDK). For more information, visit www.renoworks.com