SOURCE: Clear View Technologies

Clear View Technologies

February 09, 2010 08:00 ET

Clear View Technologies to Revolutionize the Economics of Bar and Nightclub Operations

SAN JOSE, CA--(Marketwire - February 9, 2010) - Clear View Technologies™, Inc., an innovative developer of market-focused asset management and inventory control solutions, today announced its entry into the hospitality industry.

The alcohol beverage operations of nightclubs, bars, hotels, casinos and sports venues have historically suffered from inventory and margin loss far exceeding any other business sector. Studies have shown inventory losses up to $37 billion annually, with pouring costs averaging 25 percent across the industry, according to the National Restaurant Association. Clear View Technologies has developed a solution that will increase the value of the business and yield a return on investment many times over by immediately reducing losses due to theft, shrinkage, sales fraud and improper free-pour behavior, while reducing time spent on inventory.

Clear View Technologies' management team has a unique grasp of the problems and opportunities inherent in the bar and nightclub marketplace. Leading the company as Co-Founder, CEO and Chairman is Paul Mula, II. Over the past 10 years, he has proven himself a dynamic entrepreneur, visionary, conceptualist and inventor.

To develop and execute his vision, Mula assembled a team of highly accomplished executives from leading technology, hospitality and financial management companies. The Clear View Technologies management team includes: Sherman W. Tom, chief operations officer; John C. Dong, chief financial officer and secretary; John L. Zevgolis, executive vice president of sales and marketing; and Rich N. Fall, executive vice president of engineering and technology.

"I saw an opportunity in the market to solve the current asset management and inventory control issues that have yet to be fulfilled, and assembled this team to develop a solution that combines the lowest total cost of ownership with the highest performance in the industry," said Paul Mula, II, CEO and chairman of Clear View Technologies. "Our technology advances are a significant improvement over current offerings from our competitors, which will help bar and restaurant owners return more profits back into their businesses."

To date, Clear View Technologies has received a total of over $3 million in angel funding. Board members include industry veterans with deep technical, financial, legal and operational backgrounds.

The Clear View Technologies' Solution

The BarMaster™ is an alcohol beverage management, inventory control and loss prevention system that enables total tracking of every ounce of alcohol from top shelf, to stockroom to point-of-sale for bars, nightclubs, restaurants, hotels, casinos and sports venues. The BarMaster system was designed from the ground up to integrate and maximize the value of all hardware and software systems used by hospitality organizations. The BarMaster is the first truly comprehensive, fully integrated, Web-enabled solution for multi-station establishments, which also allows detailed data analytics of a business' operations.

About Clear View Technologies:

Clear View Technologies (CVT) is an innovative developer of market-focused asset management and inventory control solutions (hardware and software) that maximize business value, increase return-on-investment, and creates consistency and ease of business operations.

With the Clear View Technologies patented business logic technologies, companies are poised to have the most integrated solutions that can be utilized in a wide range of industries with high-value, diminishing-weight/item inventories.

Founded in 2006 and based in San Jose, California, the Clear View Technologies' initial market-focused offering provides the only comprehensive, fully-integrated, web-enabled business management, inventory control and loss prevention systems for the hospitality industry.

Contact Information

  • For more information, contact:

    Kim Rose
    ShapeTechnology
    (650) 759-6385
    Email Contact