eMedia Group Inc (OTCMKTS:EMMD) is a low-priced trading equity that has just popped onto the OTC menu with a bang. The stock has been straight up, and has a familiar feel to the action that may or may not include factors other than direct fundamental drivers (ie, investor relations or promotional activity), although we can’t be certain and don’t have any direct evidence. The company does have some interesting headline drivers, though, including its announcement that it has acquired and rebranded two apps for iOS and Android smartphones.
Emedia continues to build on its TheHotelGiant brand with this newest offering to travelers. “The Travel Giant” Apps available for both Android and iOS will give mobile users throughout the world access to flight and hotel bookings on their smartphone.
eMedia Group Inc (OTCMKTS:EMMD) trumpets itself as a company that sells its customers subscriptions for its AccuRanker software suite. Its AccuRanker service allows customers to track their search engine rankings, as well as covers a range of activities, including performing search engine optimization, managing paid listings at the search engines, submitting sites to directories, and developing online marketing strategies for businesses, organizations, and individuals.
EMMD also provides consulting services. Its customers include companies with an internal marketing department, as well as companies that are dedicated search engine optimization and/or marketing agencies primarily in Denmark and the United Kingdom. The company was founded in 2010 and is based in Aarhus, Denmark.
According to company materials, “Emedia Group develops customized web solutions with both commercial and retail applications. Currently focused on further development of fare aggregators and travel metasearch engines, Emedia Group owns and operates international online travel and hospitality web portals where users can search for flights and hotels and select the most economical options. Currently, the company’s flagship website is TheHotelGiant.com.”
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Recent action has seen just under 1200% added to share values of the stock over the past month of action. As we noted, it’s been quite a start.
According to the company’s most recent presser, travel sales booked via PCs were around $116 billion in 2015 and mobile bookings brought in around $52 billion, according to an analysis by “Emarketer.” Mobile bookings could pass $70 billion this year while PC bookings are expected to remain at around $110 billion.
“This acquisition is a milestone for the company. It marks our entry into the smartphone arena where more than 60% of American travelers now book a trip. This will ensure that the company remains relevant and innovative for years to come as mobile platforms continue gaining market share,” said the CEO of Emedia Group, Inc.
When it picked up the brand, Emedia added Mr. Dag Nedreldid as its Chief Web Officer. Mr. Nedreldid has extensive programming experience and is a Zend Certified Engineer. He is also well-versed with MSSQL, Visual Basic, Java, ASP and ANSI C and has worked on several e-commerce platforms. Mr. Nedreldid is one of the lead developers behind TheHotelGiant.com and brings with him over a decade of experience in the IT field.
Emedia’s approach is to offer a personalized experiences and bring innovations to this market which has remained mostly unchanged over the last half decade.
“In my opinion, Hipmunk.com was the last great innovator in this industry but it was recently acquired by the Concur group which leaves an opportunity for a company like Emedia to build a brand around portals we plan to launch and/or acquire this year,” said the CEO of Emedia Group.
Now commanding a market cap of $166.8M, eMedia Group has a stash ($289K) of cash on the books, which compares with virtually no total current liabilities. EMMD is pulling in trailing 12-month revenues of $526K. In addition, the company is seeing recent top line growth, with sequential quarterly revenues growing at 163.6%. You can bet we will update this one again as new information comes into view. For continuing coverage on shares of $EMMD stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!