Andiamo Corp (OTCMKTS:ANDI) has hit a cold streak and is down over 67% in recent trade, but ANDI might make a case of being undervalued when all is said and done. Andiamo has seen a score of positive news build around its nascent mid-market cell phone plan and yet the company’s price has tumbled over the last month. If investors are willing to really dive deep into this small cap’s news, they might see ANDI as a company worth holding onto for the long haul.
First, in the beginning of the year, ANDI added a slew of well-known mobile apps into their Utopya phone orbit. “We’re very pleased to have access to such a large inventory of promising mobile apps, especially given the fact that many of these apps already have an exceptional track record of success. With that being said, we are committed to ensuring that any products being marketed under the Utopya brand are worthy of the name, and that is why we are undertaking a thorough analysis of each app prior to making any determinations with respect to their availability on Utopya smartphone devices.” Mike Starkweather, CEO of Utopya. Then, in March, ANDI added an LOI to acquire the telecom holding company, CLEC Holding Inc. The most interesting is that CLEC Holding is also in talks to acquire several Competitive Local Exchange Carrier companies that are all revenue-producing and in growth mode. If CLEC is able to close those deals, the share price of ANDI could seriously blossom.
Andiamo Corp (OTCMKTS:ANDI) promulgates itself as a company that Andiamo Corporation, a Wyoming domiciled publicly traded company, and its subsidiary Utopya is an emerging technology company focused primarily on the development and distribution of mid-market smartphone devices equipped with a proprietary software ecosystem.
As part of the company’s long-term vision, it intends on bolstering its technology IP (intellectual property) by acquiring stakes in complementary technology firms, when it makes strategic sense to do so. Utopya smartphones will come equipped with a software ecosystem that includes a proprietary Android Operating System (OS) skin, as well as a number of proprietary mobile apps available exclusively to Utopya users.
The company will be well positioned as one of the only mid-market smartphone companies to offer a proprietary software experience to its customers; this will be especially true in many emerging market economies, where competition is scarce and growth potential is enormous. Acquiring users into the software ecosystem will allow the company to develop a diverse array of revenue streams which will function as a distinct competitive advantage, while also providing a barrier to entry against prospective mid-market competitors.
Andiamo Corporation, through its subsidiaries, provides prepackaged software services. It provides mobile applications through the Apple iTunes App Store and the Google Android market in approximately 80 countries. The company was formerly known as Title Consulting Services, Inc. and changed its name to Andiamo Corporation in June 2011. Andiamo Corporation was incorporated in 2000 and is based in Lansing, Michigan.
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“We are in talks with multiple acquisition targets, as well as funding sources. We will seek to secure up to $15 Million in funding directly to CLEC Holding, with no dilution to ANDI or its shareholders. We hope to announce our first acquisition in the next 10 days. The additional acquisitions are still in early-stage discussions but do seem very promising, and are aligned with our long-term vision for CLEC Holding, which is to acquire telecom and telecom-related companies when it is strategically viable to do so, in order to expand our network capabilities and grow.” stated Justin Su, President of CLEC Holding.
Then, recently, ANDI added tech trailblazer Ilja Laurs to become an advisor to the company. He brings expertise in developing mobile software technology in GetJar, one of the world’s largest mobile app stores and Nextury Ventures, a venture capital firm. According to the release, “Mr. Laurs is a pioneer in mobile software technology and has a track record of building multiple nine-figure companies from scratch.”
In short, ANDI, with a market cap of $28M, has a chance to make a run, if they can continue to grow and make good on the promise of their phone and its vision. The balance sheet looks decently solid and there is reason for optimism not readilyfound in the chart. Sign-up for continuing coverage on shares of $ANDI 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 $ANDI, either long or short, and we have not been compensated for this article.