Toronto issues 2.8 million parking tickets a year. What if you never had to get another one?
TORONTO, Oct. 28, 2014 /CNW/ - Michael Back, the CEO of HonkMobile who plans to disrupt and change the business of parking forever, is appearing on CBC's hit show Dragon's Den October 29th at 8 p.m. Watch him face off with business tycoons Arlene Dickinson, Jim Treliving, David Chilton, Michael Wekerle and Vikram Vij in their lair.
"I'm not one to follow a script," says Back. "I don't know what came out of my mouth but it was nothing close to what I had prepared. I was nervous at first but very quickly got comfortable. I believe in the product and I believe in our vision so everything was easy after that."
Let's be honest here, there's nothing sexy about the current system for parking. You race through the city and anxiously look for change or a parking slip hidden in your pockets. With HonkMobile all you have to do is take out your phone.
"By trading parking meters and pay stations for mobile technology, the parking experience can be vastly improved for both users and parking operators," said Back. "No more walking to the meter or waiting in line. Users simply park, pay and are on their way. We notify users when their time is expiring and allow them to buy more time from wherever they are. We also protect the environment by eliminating paper receipts and tickets."
Michael Back, is no stranger to innovative business practices. In 2008, Collective Point of Sale Solutions, a company Back founded, was in Profit Magazine's top 100 growing businesses in Canada after experiencing 382% revenue growth during a five-year period. In 2012 he was a Finalist for the Ernst & Young Entrepreneur Of The Awards. In 2013, Back sold CPOS to Elavon, a leading global payments provider and began applying his wealth of experience and formidable success in real-time transaction processing to create HonkMobile.
"Our jobs, homes and how we spend our free time are all affected by where we leave our vehicles once we arrive," says Back. "Privately owned cars spend 95 per cent of their time parked while their owners work, shop, dine, sleep and otherwise go about their daily lives. You don't want to leave the important moments in your life to pay your parking."
HonkMobile has 100+ locations in Canada and the United States and is doubling their volume and users every month. Tune in on Wednesday, October 29th at 8pm to see how the Dragons responded.
HonkMobile (www.honkmobile.com), a leading cloud-based parking and payment solutions provider, offers mobile payments for on and off-street parking, digital parking permits and mobile access control for gated environments. HonkMobile can be downloaded for free on both iOS and Android.
For further information: For interviews contact: Michael Back [email protected] 416-315-7659