MyTaskit Evaluating Strategic Alternatives

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MyTaskit, a work coordination software application company, is announcing today it is reviewing strategic alternatives, including a possible sale of the company.

After engaging in several interesting discussions these past few months we decided it was best to evaluate other opportunities as well.

MyTaskit, the dominant work coordination software application in the marine industry, is announcing today it is reviewing strategic alternatives, including a possible sale of the company.

The move follows inquires of interest in the MyTaskit company which the board approved to engage in reviewing those alternatives.

  • Potential opportunities for a sale of the company by way of merger, consolidation, sale of equity securities (including the company’s outstanding common stock), sale of all or substantially all of the company’s assets, or other strategic transactions.
  • Additional investment interest in the company.
  • Remaining independent and continuing to execute the company’s business plans on a standalone basis, and to review, consider and evaluate, for purposes of advising the board, whether any of the potential strategic alternatives is in the best interests of the company’s stockholders.

Kevin Hutchinson, Founder & CEO, stated “After engaging in several interesting discussions these past few months we decided it was best to evaluate other opportunities as well. We have grown a very strong marine software business with hundreds of service Pro subscribers, thousands of boat owners, and a growing pipeline of opportunity of small, medium, and large marine service businesses.”

About MyTaskit
MyTaskit® provides an online, subscription-based work coordination management platform that is easy to use, fits with existing work processes, and saves time by simplifying job tracking. The platform enables companies to manage teams from anywhere, anytime, coordinate jobs across the entire business, set up internal staff and subcontractors to communicate real-time, keep the customer updated on progress and streamline the backend and accounting systems. Because it's paperless, it's far more accurate and less time consuming than traditional methods and integrates seamlessly with QuickBooks and DockMaster. It's the comprehensive solution service, repair and construction businesses need to work and communicate smarter and more efficiently. Boating Industry Magazine awarded MyTaskit with the marine industry’s Top Products Award in 2015, 2016, and 2018. MyTaskit was founded by Kevin Hutchinson in 2012, and is based in West Palm Beach, Florida.

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Molly Cogan
MyTaskit
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