In the sub-penny space, one stock that could see increasing attention after finally resurfacing with a sudden thrust into commercial-stage operations in a promising technology niche is Zevotek Inc. (OTCMKTS:ZVTK). The company is an incubator model that recently announced it is now developing a brand in the audio technology space called Blankki Products, Inc. The current context is ripe for incubation of technology and consumer electronics brands, so this news could spark some fresh interest.
According to the release, on May 7th, 2019, the Company acquired the assets of Blankki Products, Inc. which was founded in 2017 by artists and music enthusiasts. Rejuvenating the Blankki line of products and procuring technologies will be the Company’s focus for 2020. Re-establishing relationships with manufacturers and rolling out a new online shopping experience are executable forward strategies that will be implemented.
Zevotek Inc. (OTCMKTS:ZVTK) plans on investing in startups and providing funding, development, suppliers and vendor management, software development, marketing, management and research and development to its potential clients. According to materials from the company, ZVTK will catalyze the growth of Market Disruptive and Game Changing Businesses in the IOT, Business Automation, Data Processing, Business Analytics and Connected Healthcare sectors.
As noted on its site, “Our drive is to catalyze the growth of Market Disruptive and Game Changing Business in the IOT, Business Automation, Data Processing, Business Analytics and Connected Healthcare sectors.”
The company’s philosophy is to seek out companies and startups that have market penetration and disruption potential: “We believe in the companies that we invest in and support them as the incubator from an early stage. Zevotek and its network of partners provides business plan development, market research, product prototyping, product development and supply chain management services. Funding services include seed investment, research and development and purchase order fulfillment.”
The company is headed by Jeffrey Carlson, CEO. With education from Northeastern University, Mr. Carlson bring over 16 years of experience in financial markets, corporate finance, securities trading, investor relations, and executive management. Mr. Carlson held executive positions in Turn Around Holdings and Ionicbulb.com. as well as Global Sales Management in JP Morgan Chase and Alorica.
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As noted above, ZVTK just announced it is now developing a brand in the audio technology space called Blankki Products, Inc. Given that the company has been quiet for some months now, this jump into active commercial-stage operations could spark some new-found interest in the name.
We’ve witnessed 10% during the past week in terms of shareholder gains in the name. Moreover, the stock has seen a growing influx of trading interest, with the stock’s recent average trading volume running 130% above its longer-run average levels.
According to its most recent release, “the pandemic has slowed growth in 2020 and going forward Zevotek will refocus its strategies on consumer technology products. The Company will develop and implement marketing initiatives for products that are advantageous for this changed environment.”
At this time, carrying a capital value in the market of $800K, ZVTK has limited cash on the books. ZVTK is pulling in trailing 12-month revenues, but major commercial stage operations are just getting underway as the company mobilizes its stake in Blankki, as discussed above. We will update the story again soon as developments transpire. Sign-up for continuing coverage on shares of $ZVTK 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 $ZVTK, either long or short, and we have not been compensated for this article.