Bravatek Solutions Inc (OTCMKTS:BVTK) has been tracing out a clear symmetrical triangle on the larger time frame charts over the past 3 months but seems to have caught some potential new momentum late last week. The principal catalyst is the company’s recent announcement that it is negotiating with a large IT firm for them to secure exclusive rights for Ecrypt One related to their Message Handling System, whereby, this international software and IT services firm would secure EXCLUSIVE DISTRIBUTION rights to use, sell, as well as market Ecrypt One throughout the continental United States and to 29 NATO countries.
The press release offered some hints, but no clear giveaways as to the partner firm: “This Fortune 2000 company is a leader in delivering IT software and services to military markets, as well as to government agencies and to state and local entities. This innovative leader plans to retrofit Ecrypt One into an existing software solution and the preliminary testing results have met the company’s expectations.”
Bravatek Solutions Inc (OTCMKTS:BVTK) trumpets itself as a high technology security solutions portfolio provider that assists corporate entities, governments and individuals protect their organizations against both physical and cyber-attacks through its offering of the most technically advanced, cost-effective and reliable software, tools and systems.
Along with its “lock down” capability to prevent virus, spam, phishing attacks and the attacks proliferated by malware, Bravatek also delivers a powerful employee education program to ensure each and every employee is properly trained and educated on how to spot cyber-attacks and how to avoid them.
According to company materials, “Bravatek Solutions, Inc. is a high technology security solutions portfolio provider that assists corporate entities, governments and individuals protect their organizations against both physical and cyber-attacks through its offering of the most technically-advanced, cost-effective and reliable software, tools and systems. Through innovation, we answer the market’s demand for new perspectives and fresh thinking for today’s security challenges.”
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As noted above, BVTK management has indicated that they are negotiating with “a large IT firm”, with the plan that this mysterious “large IT firm” will secure exclusive rights for the company’s Ecrypt One software as it is related to their Message Handling System.
BVTK management sees this as definitive proof that its pilot program for the software has been successful: “This is exactly what we needed to bring a complete cyber solution to our existing client base of all military personnel in the US alone,” said one engineer who asked for anonymity.
According to the release, “Bravatek has been actively involved in this Pilot Program, and the results of these efforts are now coming to fruition. It should just be a matter of time before the IT market is aware of what Bravatek is doing to assist militaries around the world to secure their operations. Anticipated yearly revenues to Bravatek are estimated conservatively in excess of $2.5 M per year.”
That would obviously be huge for the company. Readers are never encouraged to take such statements at face value, but that hardly means such statements are meaningless.
Recent action has seen 38% tacked on to share pricing for the company in the past month. This is emblematic of the stock. BVTK has a track record that includes a number of dramatic bounces. Furthermore, the stock has seen an influx in interest of late, with the stock’s recent average trading volume running 53% over the long run average.
Traders should note this as important given the stock’s tiny trading float of 1.1M shares. One is wise to respect the dynamic this may create — a jump in average daily transaction volume in a stock with a restricted float can unleash fireworks as supply is squeezed.
At this time, carrying a minuscule capital value in the market of $2.5K, BVTK has virtually no cash on the books, which compares with about $1.5M in total current liabilities. BVTK is pulling in trailing 12-month revenues of $370K. In addition, the company is seeing recent top line growth, with sequential quarterly revenues growing at 91.2%. This may be a very interesting story and we will look forward to updating it again soon. For continuing coverage on shares of $BVTK stock, as well as our other breakout stock picks, sign up for our free newsletter today and get our next hot stock pick!
Disclosure: we hold no position in $BVTK, either long or short, and we have not been compensated for this article.