In the fast-paced world of stock trading and investment, savvy market participants are constantly scanning the horizon for lucrative opportunities hidden within market fluctuations. These periods of volatility can present a unique window for astute investors to capitalize on potential bargains.
For this article, let's turn our attention to a selection of four penny stocks that have recently encountered a temporary downturn. However, beneath the surface lies an intriguing narrative of resilience and potential resurgence, capturing the attention of shrewd investors seeking hidden gems in the market.
EPAZZ INC. (OTC: EPAZ)
The first company with the potential for a bounce play is Epazz, Inc. (OTC:EPAZ). EPAZ is a mission-critical provider of drone technology, blockchain mobile apps, and cloud-based business software solutions.
Throughout this spring, EPAZ and their spinoff company, ZenaDrone, have been making significant strides with their flagship product, the ZenaDrone 1000. This advanced unmanned aerial vehicle (UAV) has garnered substantial interest from various sectors, positioning Epazz as a rising stock in the industry.
In March 2023, ZenaDrone, Inc., received a letter of support from the U.S. Air Force, solidifying the drone's potential for drone cargo delivery, including critical blood transport. The U.S. Air Force invited ZenaDrone to conduct tests at an overseas base under battlefield conditions, showcasing the drone's capabilities in a military environment. This milestone not only attracted attention from the U.S. Air Force but also caught the interest of the U.S. Army.
The successful presentation of the ZenaDrone 1000 at the AERO General Aviation Convention in Friedrichshafen, Germany, in April further bolstered its reputation. This exposure resulted in multiple scheduled demonstrations with NATO partner countries, law enforcement departments, and a prominent German rail line. In addition, ZenaDrone's engagement with German UAV regulators for beyond-visual-line-of-sight operations also demonstrates the company's commitment to staying ahead of industry standards and expanding its market reach.
In another update, EPAZ announced a meeting with Ossian Smyth, minister of state at the Department of Public Expenditure and Reform of Ireland, at ZenaDrone's offices in Dublin. ZenaDrone is currently in negotiations with a financing institution for a deal to purchase up to 100 ZenaDrone 1000s, paving the way for drone-as-a-service operations in Ireland, which could prove to be a lucrative opportunity for the company.
Something that could help with a rebound is that EPAZ is not only focused on the drone technology itself but also on key supporting components. The company has been actively filing patents for its artificial intelligence (AI)-based drone technology, with two patents already granted and two others under review with the US Patent Office.
In line with their commitment to innovative technologies, EPAZ recently formed Galaxy Batteries Inc., a subsidiary dedicated to housing their battery technology intellectual property. The company's high-powered battery solutions are essential for running specialized devices and aircraft. EPAZ is evaluating opportunities to monetize these technologies and provide additional value to the company.
Epazz's strategic updates this spring, including securing military interest, expanding international partnerships, and advancing patent filings, could make them a compelling investment prospect.
As EPAZ continues to develop and commercialize cutting-edge drone technology and battery solutions, investors may want to keep an eye on Epazz, Inc. (OTC: EPAZ) for potential opportunities within the ever-growing drone industry.
GALAXY NEXT GENERATION (OTC: GAXY)
GAXY is a leading provider of interactive learning technology solutions and school communication platforms. With over 22 resellers across the United States, the company serves the commercial and educational markets. The K-12 education segment accounts for nearly 90% of Galaxy's sales.
Latest Contract Win on June 6: Galaxy recently secured a significant contract worth a minimum of $200,000 from a prominent school district in Northeast Ohio. The contract involves supplying G2 Bell, Paging, Intercom, and Clock (BPIC) hardware, along with G2 Communicator software, to five schools within the district. Implementation is expected to take place over the next few weeks, marking a promising growth opportunity for Galaxy.
Q3 FY 2023 Earnings Highlights from June 1: In its recent earnings report for Q3 FY 2023, Galaxy showcased progress. Revenues climbed quarter over quarter, rising from approximately $430,000 in the three months ending December 2022 to around $657,000 in the three months ending March 2023. Notably, G&A expenses decreased from roughly $1.5 million to approximately $670,000, resulting in a significant improvement in net loss.
Strategic Partnerships Fuel Growth: Galaxy's recent partnerships with major audiovisual (AV) dealers have been instrumental in driving sales growth. With a pipeline exceeding $5 million and several upcoming opportunities, Galaxy is capitalizing on their expanded product portfolio. The company expects this shift towards higher-margin products to substantially improve profit margins and contribute to the company's performance.
ASIA BROADBAND INC. (OTC: AABB)
AABB is a resource company focused on producing and selling precious and base metals primarily in Asian markets. AABB is focused on providing an efficient metal supply from Mexico to Asian clients.
In addition, AABB has also ventured into digital assets, introducing AABBG, a gold-backed cryptocurrency, and proprietary platforms such as AABBExchange and PayAABB.com.
Yesterday, AABB provided an update on its operations. The company successfully verified shipments of processing equipment for its new facility in Mexico, which is set to enhance processing throughput while minimizing production costs. With an exclusive agreement to purchase a significant gold and silver ore stockpile worth over $800 million, AABB demonstrates its commitment to strategic expansion and increasing physical gold holdings.
The initial processing capacity of 200 tons per day, expected to generate over $11 million in annual revenue, is just the beginning, as AABB plans to expand the capacity fivefold to 1,000 tpd once the initial level is consistently at full capacity.
This state-of-the-art plant, equipped with advanced mining equipment automation, aims to maximize metal extraction while minimizing production costs.
AABB's strategic acquisition of the large-scale gold and silver ore stockpile in Las Jimenez, Etzatlan, Jalisco, Mexico, presents a potential high-yield asset addition. The new processing facility, located in close proximity to the ore stockpile and the AABB Buenavista mining warehouse, is expected to bolster revenue generation and pave the way for further expansion.
Overall, Asia Broadband Inc.'s recent progress, including the verification of equipment shipments, exclusive purchase rights to a substantial gold and silver ore stockpile, and the development of an advanced processing facility, could indicate a positive trajectory for the company.
HUMBL, INC. (OTCQB: HMBL)
At the end of May, HMBL took significant steps to strengthen its position and drive shareholder value. The company announced an extension of the conversion limitations on its Series B preferred stock, signaling its commitment to reducing dilution and securing investor interests.
Under the revised terms, Series B holders are restricted from converting any shares between June 2023 and September 2023. From October 2023 to June 2024, conversions will be limited to 500 shares per month, and from July 2024 to December 2024, the limit will increase to 1,000 shares per month. These measures aim to streamline the company's restructuring plan, which includes consolidating and retiring existing debt.
Additionally, HUMBL announced it has entered into a marketing partnership with the Swish Foundation, a renowned 501(c)3 organization, and the Swish Pro-Am Summer League. As part of this collaboration, the HUMBL logo will be prominently displayed on jerseys and courts during Swish Pro-Am games. The partnership extends to merchandise, which will be verified and commemorated on the BLOCKS Registry for enhanced tracking and verification.
This strategic alliance not only opens avenues for increased brand exposure but also presents opportunities for fan engagement. Swish Pro-Am athletes and teams will connect with fans through verified profiles on HUMBL's social media platform, catering to a global audience across 130+ countries. HUMBL will further leverage its digital wallet, search engine, and verified social media to activate sponsorships and offer authenticated, signed merchandise from the league during the 2023 Pro-Am Summer season.
The Swish Pro-Am Competition, set to begin on June 22, 2023, at Lincoln High School Gym in San Diego, promises an exciting showcase of talent and entertainment. HUMBL CEO Brian Foote expressed enthusiasm about the partnership, recognizing the growth potential and enhanced fan experiences this collaboration brings.
With these recent developments, HUMBL demonstrates its commitment to driving shareholder value and expanding its presence in the sports and digital content spaces. The company's efforts to reduce dilution and establish strategic partnerships contribute to its potential for a significant bounce in investor interest.
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EPAZZ, INC. 
