Umbra Applied Technologies Group Inc (OTCMKTS:UATG) had set July 28, as the date for its next podcast. The company has stated that it plans to announce a revolutionary new product, during the podcast. The podcast has been released and is now downloadable through the UATG app. A lot of hype has been surrounding the said podcast, as it is rumored that this would only be the first in a series of announcements from the company, through this medium.
The CEO of UATG, Alex Umbra, voiced his belief that releasing company info through an app helps improve shareholder engagement. It should be noted here that the Umbra app has been around for over a total of 12 months and is widely regarded as a one stop shop for all the necessary info and updates about the company. However, what truly sets this application apart is the fact that it contains CEO Podcasts, product images, social media links and videos in one place.
Blake Cooley, the Senior VP of operations at UATG, claimed that this had been just the first generation interface, for the app and the next generation platform is currently being developed and would offer even more features than before. He went on to reveal that most updates would concern secure communication. Mr. Cooley believes that the next gen platform would truly be revolutionary.
Earlier in the week, Mr. Umbra had written to shareholders of the company, revealing that the company had made capital investments of approximately $5 million, over the past 3 years. This has also been accompanied by equity investment, worth $23 million, in acquisitions and mergers. The CEO also wrote that a total of approximately 5 formerly private companies have been acquired, under the secret R&D arm of UATG. This has provided the company with valuable IPs. However, the truly remarkable thing about these investments is the fact that UATG did not increase its debt, in doing so. Mr. Umbra once again hinted on the possibility of having the stock up-listed very soon.
Umbra Applied Technologies Group Inc (OTCMKTS:UATG) surged by 48.48%, during the July 28 trading session, to reach a close at $0.049 per share. The stock had a trade volume of 6.88 million, during the session.
Lotus Bio-Technology Development Corp (OTCMKTS:LBTD) Gears Up To Enter Growing Organic Foods Market In China
Lotus Bio-Technology Development Corp (OTCMKTS:LBTD) has been observing an overall upward trend, in its stock price, after the company revealed the results of its market research, on July 19. The company had stated that the research had indicated a strong surge in the organic consumables industry, in China. It should be noted here that LBTD plans to enter the Chinese market for organic foods. Michael Palethrope, the President of Lotus expressed his pleasure at the company’s entrance into this industry. He also claimed that the timing was just right for the company, as the market is experiencing exponential growth. Lotus also has established long-term relationships with several biological and medical distributors in China.