Etelix continues to prove Metrospaces’ investment acumen and management evaluation talents.
Metrospaces recently announced that its subsidiary, Etelix, a US-based international telecom
carrier that provides telecom and technology solutions worldwide, increased its winning streak
with record revenues in January 2018 and projected to set record revenues for February 2018 as
well. The telecom company is uniquely situated to benefit from the unabated worldwide demand
for high speed bandwith and internet services.
Here are the highlights from the announcement:
Looking to unwind 3(a)10 : https://t.co/uVTy5hzkgX #PENNYSTOCKS #undervalued @penny_hunter_ @PennyStockTops @PennyStocksMomo #stockstowatch
– Metrospaces (@metrospaces) February 27, 2018
YoY Revenue Growth
10% Growth in January 2018 with revenue of $642,548, compared to revenue of
$585,874 in January 2017
The company is projecting to reach monthly revenue levels of $1,000,000 by the second
half of this 2018. This growth will allow the company to reach a base-case projected
$10.2M-12M in revenue for 2018. This would represent a 30-40% YOY revenue
growth.
In Negotiations for Increased Debt Financing Sources
The opening of the Spain office has proven to be productive as Etelix has brought on new
clients in Asia and enhanced their existing relationships with existing Asian carriers like
Reliance Communications and Axistel.
To bolster these capital intensive efforts, the company is in the process of sourcing new
debt financing.
Revenue Growth Outlook for 2018
With the successful close of the business debt lines of credit currently under negotiation,
the YoY revenue growth rate could jump to 60-65% % for 2018.
As an example of the benefits of additional debt lines of credit, the company has
achieved the YoY increased sales in part due the closing of new debt lines of credit in
2017.
Potential Future Uptick to NASDAQ Small Cap or OTCQX
CFO Oscar Brito optimistically stated, “We look for 2018 to be a repeat performance of
2017. With these results, the company would potentially be able to position itself for an
eventual uptick to the NASDAQ Small Cap or OTCQX.”
Relevant Links: www.metrospaces.net
In other news…:
Andiamo Corporation (OTCPK: ANDI)
Stay on the line and don’t hang up on this prepackaged software and app company! Today,
Andiamo Corp. with its wholly-owned subsidiary Utopya Innovations, Inc., announced the
signing of a Letter of Intent to acquire telecommunications holding company CLEC Holdings.
The Wyoming-based CLEC Holding is currently in talks to acquire several Competitive Local
Exchange Carrier companies ("CLECs") that are all revenue-producing and in growth mode.The
company continues to add to its portfolio in its quest for growth and diversification. If
successful, the acquisition will be a natural fit for the app developer and smart phone company.
Advaxis, Inc. (NASDAQ: ADXS)
This a late-stage biotechnology company (“Advaxis” or the “Company”) focused on the
discovery, development and commercialization of cancer immunotherapies, announced 1Q loss
of $20.5MM (-$.49 per share) on Monday. The company also announced, separately, that they
have halted one of their drug trials due to the death of one of the patients in the trial. The stock
closed at $2.21 on the close of regular trading on Monday, down significantly from its 52-Week
high of $9.55.
The company has 3 other cancer drugs in trials.
Rennova Health, Inc. (OTC: RNVA)
The battered stock (currently trading at $.02 from a 52-Week high of of this diagnostics and
supportive software solutions to healthcare providers company has recently experienced a spike
on its trading volume due to some much needed positive news. The acquisition of a Tennessee
hospital very near its other owned hospital and a recent private placement of $2.4MM
Convertible Note should provide some much needed cash to improve revenue and shareholders’
equity through 2018.
President and CEO, Seamus Lagan, in a recent podcast proferred the following update, “Our
hospital in Oneida is benefiting from increasing numbers of patients and billing each month since
opening,” sai “The purchase of a second much larger hospital within one hour’s drive from
Oneida will create opportunity for numerous efficiencies between the two facilities and allow us
to further treat a large number of the patients that Oneida sends to other hospitals each month for
operations and other treatments.”
Terra Tech Corp. (OTCQX: TRTCD)
Investors are high on this cannabis-focused agriculture company. Terra Tech recently provided a
strategic business update for 2018. The topics will be discussed in detail on the March 15, 2018
earnings call. Some of the notable highlights include: an investment of $40MM to leverage
M&A and sales opportunities; capital expenditures in CA, NV, and NJ; 1 for 15 reverse stock
split.
Derek Peterson, Chief Executive Officer of Terra Tech, commented, "We continue to make
significant headway executing on our strategy to position Terra Tech as a foremost player in the
multi-billion dollar legal cannabis market…Securing this capital injection will allow us to
navigate Terra Tech through the next stage of its growth trajectory as we scale the business to
provide for our large and growing customer base. The funds will be used to develop the
Company's cannabis cultivation and retail infrastructure in California and Nevada, as well as to
complete the build out of a major new pack house in New Jersey to serve our Edible Garden
subsidiary and position the Company to penetrate the New Jersey cannabis market, which is
expected to legalize adult-use cannabis this year. It will also position the Company to take
advantage of M&A opportunities as they arise. Our aggressive expansion plan is designed to
build value for shareholders by further entrenching Terra Tech in the cannabis industry and
securing our position as nationwide leaders in both the wholesale and retail markets. We are also
effecting a reverse split in conjunction with the capital raise which is intended to increase the per
share trading price of Terra Tech's common stock to satisfy the minimum bid price requirement
for uplisting to a major stock exchange.”
DISCLOSURE
Stock Market Press(SMP) produces non-sponsored and non-paid coverage, reports
and articles on small and micro-cap equities listed on NASDAQ and OTC exchanges.
SMP has not been compensated directly or indirectly for producing or publishing this
coverage. SMP does not hold a position in any of the securities covered in this release
directly or indirectly. The content contained herein has been prepared by a research
writer and is fact checked and reviewed based on publicly available information which
is believed to be reliable. The content is researched, written, and reviewed on a best-
effort basis. The writer has not performed any independent investigations or
authentication of audits to validate the information herein. The content has not been
reviewed by a registered analyst. SMP, the writer, and or the reviewer are not
responsible for any error which may occur at the time of publishing this document or
any error, mistake, or shortcoming. No liability is accepted whatsoever for any direct,
indirect, or consequential loss arising from the use of this document. SMP, the writer,
and or reviewer expressly disclaim any fiduciary responsibility or liability for any
consequences, financial or otherwise arising from any reliance placed on the
information in this document. Additionally, SMP, the writer, and or the reviewer do not
guarantee the accuracy, timeliness, completeness, or correct sequencing of the
information, or warrant any results from use of the information.
THIS IS NOT AN OFFERING
This coverage release is not intended as an offering, recommendation, or a solicitation
or an offer to buy or sell the securities mentioned or discussed, and is to be used for
informational purposes only. Please read all disclosures and disclaimers in full. SMP or
any party affiliated with us is a registered investment adviser or broker-dealer with any
agency or in any jurisdiction.
For any questions, inquiries, or comments please contact us. If you are a company we
cover and would like to be removed, please contact us via email at:
CONTACT: info@Stockmarketpress.com
SOURCE:Stock Market Press
Stock Market Press
Stock Market Press is a financial news company that delivers up to date stock news, introduces
private and public companies to a wide audience of investors, consumers, journalists and the
general public via social media and a rapidly expanding network.