Nfusz Inc (OTCMKTS:FUSZ) has truly been all over the map in recent action, with shares vaulting higher on a parabolic run in March, reaching as high as $2 per share before peeling back in a vertical correction that finally found a pivot bottom in early April at around $0.75 per share. Traders have been finding opportunities on both sides of the tape in the stock, with volatility and interesting catalysts sparking an influx of liquidity and interest.
To help drive recent action, the company just announced that it has entered into a strategic partnership with Service Quest, the direct selling management consulting firm that has helped launch over 600 direct sales organizations worldwide, including MLM, party planning, and network marketing companies. According to the release, “over the past 25 years, Service Quest has developed a far-reaching network of relationships with nearly 30,000 leaders in every function and sector of the direct selling industry. Service Quest will introduce nFusz’s interactive video sales tool, notifiCRM, to new and existing direct selling organizations.”
Nfusz Inc (OTCMKTS:FUSZ) formerly bBooth, Inc., is focusing on the manufacture and operation of Internet-connected, kiosk-sized, audio-video recording studios, branded and marketed under the name of bBooth, which are integrated into a social media, messaging, gaming, music streaming and video sharing application.
The Company’s business has evolved from one-based mainly on its mall-based bBooth kiosks and mobile applications, focused on talent discovery, to a cloud-based, enterprise-level platform, tentatively branded as NOTIFI, developed to address markets that includes corporate users, consumer brands and media companies, among others, seeking internal and external messaging and communications capabilities. Offered through bBoothTech, the Company’s technology licensing division, the NOTIFI platform is a fully integrated mobile, desktop and Web-based application, with back-end administration and data collection capabilities. It has not generated any revenues.
According to company materials, “nFusz, Inc. (FUSZ) is a Hollywood-based digital tech company. Our proprietary next-generation interactive video technology is the core of our new broadcast and cloud-based, Software-as-a-Service (SaaS) products. We offer subscription-based Customer Relationship Management (CRM), sales lead generation, and social engagement software on mobile and desktop platforms for sales-based organizations, consumer brands, and artists seeking greater levels of engagement and higher conversion rates. Our software platform can accommodate any size campaign or sales organization, and its enterprise-class scalability meets the needs of today’s global organizations. Our service is built around our proprietary “Video-First” notifi technology, which places interactive video front and center in all customer and prospect communications. With our flagship product, notifiCRM, we’ve re-invented what a CRM, lead-gen tool should be in today’s video-centric business and social environment. Now watch for our live broadcast interactive video platform that will redefine what “engagement” means in consumer video consumption.”
Find out when $FUSZ reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.
As noted above, shares of the stock have been riding the roller coaster as the company continues to frame its growth outlook to the market. And that narrative was further defined this week with the company’s announcement that it has partnered with a direct sales firm to lay a foundation for initial topline growth.
“Every direct selling organization out there will benefit by utilizing notifiCRM,” states Terrel Transtrum, CEO and Founder of Service Quest. “We’ve already introduced nFusz’ notifiCRM platform to many of our clients, whose reaction was as excited as we are. We look forward to continuing this partnership,” continues Mr. Transtrum.
“Service Quest is an ideal partner for us as we continue to extend our reach into the direct sales and networking marketing sector,” states nFusz CEO, Rory J. Cutaia. “They’ve been in this business for decades, know all the major players, and have already introduced our technology to key decision makers to help accelerate our plans for broad adoption of our technology throughout the industry,” continues Mr. Cutaia.
At this time, carrying a capital value in the market of $164.7M, FUSZ has virtually no cash on the books, which is balanced by about $2.9M in total current liabilities. The company is pre-revenue at this point. We will update the story again soon as developments transpire. Sign-up for continuing coverage on shares of $FUSZ stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $FUSZ, either long or short, and we have not been compensated for this article.