NEW YORK, September 19, 2016 /PRNewswire/ --
The OTC market is often overlooked, yet the market has some companies with compelling stories to tell. Tech companies often trading on the OTC are among the most volatile, especially if they are low priced. To be a successful company in this sector, public filings and disclosures are essential so investors have a fair chance to read between the lines. Keeping a strong operational, management and a progressive future for the company is required. Singlepoint Inc. (OTC: SING), Force Protection Video Equipment Corp. (OTCQB: FPVD), SPYR Inc. (OTCQB: SPYR), 5Barz International Inc. (OTCQB: BARZ), Implant Sciences Corporation (OTCQB: IMSC)
Singlepoint Inc. (OTC: SING) is a full-service mobile technology and marketing provider. The company provides solutions that allow their clients to conduct business transactions, accept donations, and engage in targeted communication through mobile devices. Their products connect small to mid-size companies to their target markets by providing innovative mobile technology at reasonable rates. SinglePoint recognized the strength in acquiring interest in undervalued subsidiaries in other markets, such as Daily Fantasy Sports, to create a diversified holding base
Singlepoint Inc. (SING) announced today that, "it is in the final preparations of its corporate audit needed to become a fully reporting corporation and uplist its common stock to the OTCQB® Venture Market Place. Once the audit is complete, which could be as early as next week, SinglePoint will file Form 10 with the U.S. Securities and Exchange Commission and become a fully reporting company. Upon acceptance by the SEC, the Company plans to complete its process of uplisting to the OTCQB within 60 days.
Singlepoint Inc. (SING) CEO Greg Lambrecht stated, "We have diligently worked alongside MaloneBailey to prepare this audit and increase SinglePoint's corporate and shareholder value. Not only will the completion of these efforts provide us better financing options and allow institutional investors to invest directly on the open market, it also correlates with our M&A strategy. Additionally, as an OTCQB-listed company we expect to see greater liquidity, as well as brand awareness among the investment community."
Force Protection Video Equipment Corp. (OTCQB: FPVD) is in the business of selling body cameras. The Company believes that given recent current events which have taken place between law enforcement agencies and the public, which has been widely reported by the media, there is a significant market for the Company's products Shares of the company increased in value by 196% from August 15th.
SPYR Inc. (OTCQB: SPYR) is a 79.9 million market cap company with a portfolio of subsidiaries in two segments: Digital Media and Restaurant. The Digital Media segment is the more interesting one, as it includes developing, publishing, co-publishing and marketing mobile games and applications. The company has developed and published games, which are available in the Apple app store and Google play store. Shares have increased in value by 80% over the last month, and 170% year to date.
5Barz International Inc. (OTCQB: BARZ) is a company that focused in designing, manufacturing and selling a range of cellular network infrastructure devices for use in offices, homes and mobile market places. The Company is in the process of developing the global commercialization of the cellular network extenders through cellular network operators, with each sector of integration to be managed in geographic areas. Even though shares the company aren't performing well this year, shares are up 30% since mid-August of this year.
Implant Sciences Corporation (OTCQB: IMSC) manufactures and sells sensors and systems for the security, safety and defense industries. The company's products are used by private companies and government agencies to screen baggage, cargo, other objects and people for the detection of trace amounts of explosives and narcotics. Shares of the company continue to be very volatile. From the July 19th to July 22nd this year, shares declined 50%, then, from July 22nd to August 3rd surged 116%.
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