The news provides investors with important information that can influence their decisions. The perception that investors have of a specific business, sector, or market can also be influenced by news. The press recess and news coming from a company can alter an investors' feelings and opinions about a specific stock.
Stocks and the market can also move as a result of news stories. In an attempt to guage which direction a stock is headed, investors are constantly looking for both positive and negative news. This can be especially true of stocks trading under a penny.
In this article let's examine four stocks that are currently trading on the OTC markets for less than a penny and include some recent news for investors to consider.
Epazz Inc. (OTC: EPAZ) is a mission-critical provider of drone technology, blockchain mobile apps, and cloud-based business software solutions.
On February 21, EPAZ announced that they are submitting over five Phase I proposals to the U.S. government under its SBIR Phase I program. SBIR Phase 1 allows small businesses with innovative products to receive US government contracts within 90 days of submission.
ZenaDrone Inc., a spinoff of Epazz Inc. Holdings, is a provider of multifunctional drones equipped with machine learning systems, multispectral sensors, and AI technology. ZenaDrone uses the data captured from its cameras to create a 3D interactive environment.
EPAZ says that if ZenaDrone is awarded a Phase I contract worth up to $75,000 per proposal, EPAZ will then be in a position to submit for Phase 2 contracts with a value of up to $1.2 million per contract.
According to EPAZ, ZenaDrone will gain the ability to be listed as the sole source supplier of its technology, which would allow the U.S. government to purchase the ZenaDrone 1000 without a bidding process.
CEO Shaun Passley, Ph.D., said, "We are working towards our first government contract using multiple avenues, which will hopefully lead to our first set of government customers, and through The SBIR would open us up to the whole federal government to our drone technology."
This news comes on the heels of a recent press release from EPAZ detailing new AI upgrades to the ZenaDrone lineup. EPAZ will be upgrading its Artificial Intelligence predictive automation software in current and subsequent productions of the ZenaDrone 1000 aerial technology.
The ZenaDrone team will use Predictive AI Analytics, or predictive modeling, a type of analysis that employs methods and resources to create predictive models and make predictions of future outcomes based on acquired data.
For investors interested in the high tech and AI sectors, EPAZ offers an attractive play, with competitive technology that the company continues to improve and invest in.
Rainmaker Worldwide Inc. (OTC: RAKR) is involved in affordable water solutions via their "Water-as-a-Service" business model. RAKR is headquartered in Peterborough, Canada. RAKR provides economical drinking water on a large scale wherever it is needed.
On February 21, RAKR announced the addition of key resources to its global operations team. The Canadian affiliate of Rainmaker Worldwide Inc. will be taken over by investment firm Viva Industries, owned by businessmen Michael Skinner, John Gillis, and Ryan Moore, and renamed RainMaker Canada & Caribbean Inc. (RCCI).
According to the company, this acquisition will allow Rainmaker to focus on the growth of their global business while the Viva Industries team drives the growth of the Canadian and Caribbean markets.
"I have always been impressed with the needs that Rainmaker's technology fulfills on a global scale," said Michael Skinner. "With the addition of The Miranda Technology, I believe Rainmaker is strategically positioned to be a global leader in solving the issue of providing safe drinking water and dealing with wastewater."
Viva Industries is an investment company that acquires, develops, and commercializes water and sustainable technologies through four integrated divisions: strategic investments, research and development, solution commercialization, and business channel development.
The transaction is expected to close by April 1, 2023.
Asia Broadband Inc. (OTC: AABB) is a resource company focused on precious and base metals, with a focus primarily on Asian markets.
Recently, AABB added a digital assets business segment with its AABBG, a freshly minted, mine-to-token, gold-backed cryptocurrency within its AABB Wallet, as well as a proprietary digital exchange called AABBExchange and a proprietary cryptocurrency payment gateway solution known as PayAABB.com.
AABB announced last week that Wednesday, February 22, 2023, has been confirmed as the registration deadline to purchase the inaugural release of their proprietary NFT collection, titled “Golden Baboons Mining Club."
The Golden Baboons Mining Club Collection will have a limited release of 8,888 NFTS that are each backed by a half gram of gold.
The GBMC is to be the initial NFT collection from AABB and it is backed by physical gold, like Company’s AABBG token. The Goldenbaboons.com website provides more information on the project and has a sign-up feature to register for the upcoming first mint release of NFTs in February.
AABB saw some significant gains on Monday, finishing the day up 7.03%
Artificial Intelligence Technology Solutions, Inc. (OTC: AITX) is an AI-driven security and productivity solutions company for enterprise clients.
Robotic Assistance Devices, Inc. (RAD), AITX's wholly owned subsidiary, recently provided an update on sales activity and the continued expansion of their dealer network.
“The fiscal year 2024 begins next week, and I'm enthusiastic with the depth and the caliber of what's in RAD's sales pipeline,” said Steve Reinharz, CEO of AITX and RAD. “We’re busy closing, producing, and deploying these orders.“
RAD confirmed that it expects to receive over 300 orders before the fiscal year ends on February 28, 2023. In FY 2022, which ended on February 28, 2022, RAD received 187 device orders.
According to AITX, RAD has also added three new authorized dealers since the last announcement, bringing the total number of RAD dealers to 57.
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