Amidst the scorching summer sun, the OTC penny stock market reveals signs of simmering opportunities. Despite the current slower pace, recent news announcements have the potential to spark a wave of interest among investors, enticing them to explore stocks that may soon break out.
As the market temperature rises, certain stocks stand out, displaying promising indicators as potential breakout catalysts. Delving into a selection of active stocks, each accompanied by a recent news announcement, hints at an alluring growth trajectory. These announcements hold the power to ignite these stocks, sizzling with the possibility of breakout opportunities that investors won't want to miss.
Epazz, Inc. (OTC: EPAZ)
Epazz, Inc. (OTC: EPAZ), a rising provider of drone technology, artificial intelligence software, cryptocurrency apps, blockchain mobile apps, and cloud-based business software solutions, announced a groundbreaking development in the drone industry.
On August 1, 2023, the company revealed that it had been issued its third patent for the innovative ZenaDrone 1000, equipped with AI predictive capabilities. The ZenaDrone 1000 is a multifunctional unmanned aerial vehicle created by ZenaDrone Inc., a division of Epazz, and is outfitted with machine learning systems, multispectral sensors, and AI technology. With the integration of AI predictive capabilities, ZenaDrone can capture data from its cameras and create interactive 3D environments.
The patent includes the unique design of the ZenaDrone 1000 as well as claims on the utilization of the drone platform. This is the third patent issued to Epazz for the ZenaDrone 1000 technology. The company has applied for other patents and will be applying for more in the future. The company is building a portfolio of drone patents that will protect our technology and create added value that may attract the interest of larger parties in the industry in the future.
Dr. Shaun Passley, CEO of Epazz, expressed enthusiasm over this technological breakthrough, stating, "We are manufacturing over 30 drones that will be used for our customers in Ireland and the U.S. The new patent further secures our technology."
The ZenaDrone 1000 has already garnered significant attention and acclaim across various industries, especially in the agricultural, oil and gas, wildfire, and civil engineering sectors. Building on this success, ZenaDrone aims to enhance the AI capabilities of the ZenaDrone 1000 to include autonomous navigation of unmapped terrain, deep learning algorithms for various actions, and dual-use features to accommodate commercial and military drone utilization.
As Epazz continues to innovate and expand its presence in critical markets, the future prospects for the company and the ZenaDrone 1000 look promising. With ongoing efforts to secure intellectual property and strategic partnerships, Epazz is poised for growth and success in the dynamic world of drone technology and AI solutions. The ZenaDrone 1000 stands at the forefront of Epazz's advancements, ready to redefine the possibilities and applications of drones across diverse industries.
Gourmet Provisions International Corp.(OTC:GMPR)
Gourmet Provisions International Corp.(OTC:GMPR) In October 2017, Gourmet Provisions International Corp. entered into a partnership with its brand ambassador, Jack Brewer, and Brewer Media & Entertainment. Brewer Media had been brought in to assist with the building of all aspects of the many brands.
The main focus of the partnership was to boost online and retail sales through a strong social media presence and overall content, with the goal of raising awareness about the brand. The partnership was also geared towards unearthing acquisition opportunities.
On August 1, Gourmet Provisions International came up with a corporate update about its accomplishments so far this year from James C. Vowler, its Chief Executive Officer and President. One of the major highlights of the year was the retail launch of Cousin T's in 32 Sedona's stores based out of Florida. The company also completed the acquisition of the Pizza Fusion brand, which had won multiple awards. The brand boasts existing locations in Saudi Arabia and the United States.
Gourmet Provisions International was also one of the only 22 companies that had been invited to the DeCA Arm Forces Food Service Military Show that had been held in Petersburg, Virginia. The decision-makers at the United States Military Food Service approved the Founders Pie from Pizza Fusion for the country's troops stationed in Kuwait. The company had been informed that it had been given the green light to feed 36,000 United States troops in Kuwait.
Artificial Intelligence Technology Solutions Inc. (OTC:AITX)
Artificial Intelligence Technology Solutions Inc. (OTC:AITX) is an innovative company that offers artificial intelligence-powered solutions. It seeks to provide organizations with the capability of creating new business ideas, gaining insights, and solving tough challenges.
The company's robotic product offerings, like RAD, RAD-G, and RAD-M, help the organization streamline operations, boost return on investment, and create stronger businesses. The company helps improve the economics and simplicity of guard services and patrolling through its robotic offerings. Hence, companies can devote those funds to other productive tasks.
AITX, along with its fully owned subsidiary unit, Robotic Assistance Devices Inc., announced on August 1 that July 2023 had been the best month for order booking in the history of Artificial Intelligence Technology Solutions, with the booking of a total of 69 units.
The bookings consisted of orders for a comprehensive range of products offered by Robotic Assistance Devices. The bulk of the orders were for ROSA security robots, and the second most popular order was for RIO units. A number of AVA units had also been ordered by clients. The company noted that the diversity of the orders was an indication of the growing reliability and trust commanded by the diverse product lines of Robotic Assistance Devices.
"Our projections to reach positive cash flow included months like this so I'm thrilled we achieved the first of what we hope will be many," said Steve Reinharz, CEO of AITX and RAD. "We'll be working hard to normalize this order intake going forward and start aiming for $100,000 RMR months."
The orders that were placed in July were on track to generate $50,000 in recurring monthly revenues, which would work out to around $600,000 in annual revenues. The hardware and software of Robotic Assistance Devices are generally deployed through recurring monthly subscriptions. The minimum subscription is for a 12-month period.
Asia Broadband Inc. (OTC: AABB)
Asia Broadband Inc. (OTC: AABB) is a resource company that is involved in the sales, production, and supply of base and precious metals. It mainly supplies the Asian market. The specialized geographical knowledge and expertise, coupled with its extensive industry contacts, are leveraged by Asia Broadband to boost its distribution process.
The company's distribution process starts with the supply of precious and base metals in Mexico and ends with the supply of the same to Asian markets. The company managed to create a vertically integrated sales process, and that turned out to be its unique competitive edge.
On August 1, Asia Broadband announced that it had launched an ore stockpile testing program in anticipation of the completion of the installation of its mineral analysis laboratory at the new processing facility of the company at Etzaltan in Mexico. The data that would be derived from the stockpile evaluation report would be utilized in the testing program so as to extrapolate the highest mineral concentration targets at the site.
"We are extending the data used in the stockpile evaluation report to create prioritized target zones for production. Having our own mineral testing lab on the facility site will allow us to identify the highest mineral concentration priority targets in a very short period of time instead of having to rely on outside mineral analysis services. The lab gives us a significant efficiency and quality advantage with our processing to achieve the greatest value throughput to maximize revenues," expressed Chris Torres, AABB President and CEO.
The initiative would help in accelerating the company's goal of making the processing facility operate at a reduced cost and thereby boost revenues to the maximum. The management of Asia Broadband and the technical consultants are working on accelerating the construction of the processing facility. The target date for completion of the same is set at some point in the third quarter of 2023.
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