EMS Find Inc (OTCMKTS:EMSF) made a high of almost $2.5 in this month and from there on has been declining steadily. It has dropped from level of $2.5 to as low as $1.00 in few trading sessions. The stock posted a green session on Friday, but it was not supported by healthy volumes.
In last trading session, the stock price of EMSF gained more than 4% to close the trading session at $1.23. The gains came at a share volume of 113, 071 compared to average share volume of 222,954.
The buzz
The company informed last week that it finalized a LOI in order to buy Page Out. The acquisition target can be better stated as an interactive platform formulated to make better the emergency response procedure. The system helps management to get real time update related to team members’ location and operations.
It is an effective tool to minimize response time for various groups including Technical rescue teams, fire departments, incident response teams, EMS agencies and SAR. It is a unique system that is accessible on all platforms.
The management view
Steve Rubakh who is the Chief Executive Officer of EMS stated that Page Out’s outstanding features, like immediate on-call availability will give an instantaneous access to EMS Agencies as well as Fire Divisions nationwide. This was not at all possible before. The app has access to greater resources which in turn will be useful to rescue teams. It will serve as a strong platform to expand company’s operations rapidly. The main objective is to make crisis response industry more resourceful and efficient.
The company works on B2C and B2B on-demand mobile solutions to connects people and health care provider companies to medical transport firms’ network in the United States and Canada. The app is useful for many groups including home care agencies and nursing homes.
