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SinglePoint, Inc. (SING) Opening the Marijuana Money Spigot

  • Legal marijuana sales projected to exceed $20 billion within four years
  • Federal banking restrictions make cannabis a cash business
  • SING developing bitcoin-based payment solutions

Growing as much as 30 percent annually, legal marijuana sales in North America topped $6.7 billion last year and are projected to exceed $20.2 billion within four years (http://dtn.fm/Mhz0k). That’s eye-popping growth by almost any measure. However, this new found avalanche of revenues is shunned by banks.

Most banks won’t touch cannabis cash, because marijuana is illegal under U.S. federal law and banks must comply with federal regulations to maintain good standing. Banks just don’t want to be in the middle of a federal government versus state’s rights issue and risk losing their charter to operate. Effectively, this makes legal cannabis a cash-only business.

An inconvenience for consumers, it’s an enormous problem for private marijuana growers and distributors, creating transactional obstructions within booming businesses. Transacting $20+ billion of business annually in cash is no easy task. Real complications come on the operational end of businesses. There are multiple obvious security risks to business owners and employees paid in cash. Then the headaches really expand when realizing that all operational expenses, like utility bills, are cash payments. Complications and penalties further ensue when paying federal employee-withholding taxes and business income taxes, where headaches turn into migraines.

This constriction in the marijuana money spigot may be solved by a bitcoin payment solution for the marijuana industry, providing a much-needed financial transaction option and allowing cannabis businesses to accept credit card payments without the cooperation of banks or the FDIC. SinglePoint, Inc. (OTC: SING) has announced just such an initiative to develop a bitcoin payment solution for the cannabis industry. SING has partnered with First Bitcoin Capital Corp., an industry-leading bitcoin and blockchain technology provider (http://dtn.fm/Wu4Z3), to develop and distribute a viable payments solution targeted at “high-risk payment verticals including the cannabis industry” to “fill the payments gap that currently exists.”

Bitcoin, the world’s first and most recognized cryptocurrency, recently vaulted to new record highs above $4,000. Valued around seven dollars five years ago, the digital currency has quadrupled in value in 2017, jumping 40 percent in August alone (http://dtn.fm/7kUeV). Cryptocurrencies have attracted a lot of attention in recent years. The underlying blockchain technology of bitcoin and other cryptocurrencies has the potential to transform transactional business by transferring value anywhere around the world without the need of traditional intermediaries such as clearing firms or banks. The ability to transfer value solely through software could become a transformational breakthrough.

As part of a broad strategy to cement its position in the cannabis industry, SinglePoint has been actively providing corporate solutions to cannabis businesses through its SingleSeed subsidiary. Without actually touching the plant, SinglePoint profits from the booming marijuana markets by providing much-needed business solutions to growers and providers. Providing a payments solution to the projected $20+ billion marijuana markets would be a game changer. SING’s strategic joint venture partnership with First Bitcoin Capital Corp. may very well be the transformational breakthrough needed by the burgeoning marijuana industry.

For more information, visit the company’s website at www.SinglePoint.com

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Algae Dynamics Corp. (ADYNF) Positioned to Benefit as Market Survey Highlights Consumer Preference for CBD

  • Survey respondents use CBD to treat anxiety, depression, insomnia and joint pain
  • ADYNF is researching impact of cannabidiol products in treatment of mental health issues and cancers
  • 61% of consumers surveyed said they are spending greater than $50 monthly on CBD products

Algae Dynamics Corp. (OTCQB: ADYNF) could be among the chief beneficiaries of a recent survey that found that 42% of respondents chose cannabidiol (CBD), derived from hemp or marijuana, and dropped traditional medicines (http://dtn.fm/O1sJM). In addition, an “Understanding Cannabidiol” survey of some 2,400 members of HelloMD, an online CBD community, and market research firm Brightfield Group jointly found that, by an overwhelming majority, respondents favored CBD made from cannabis rather than industrial hemp (http://dtn.fm/XbGU6).

CBD is being used instead of traditional medicines to treat anxiety (67%), insomnia (60%), joint pain and inflammation (52%) and depression (43%). A total of 61% of survey-takers said that they spend more than $50 monthly on CBD products, while more than half of respondents said they use oil cartridges and vaping. Notably, more than half (58%) of those surveyed are women.

The study found that 42% of respondents use cannabis rather than traditional medications for depression, anxiety, joint pain and anxiety, and some 80% said they find CBD products to be very or extremely effective treatments. Some 90% said they would be likely to buy marijuana-based CBD-only products.

Also, 53% of CBD users purchase CBD products from storefront dispensaries, 31% through local delivery services, and 17% online. Not only do 29% of this group find that CBD products provide the best medical relief, but, in the study’s words “about 66% of CBD users indicated that CBD products are either more effective or much more effective in relieving their medical conditions than are over-the counter (OTC) products.”

Algae Dynamics, headquartered and doing business in Ontario, Canada, is a development stage company which is publicly traded in the U.S. It maintains university collaborations to develop specific cannabis oil product lines, with the University of Waterloo and the University of Western Ontario. It specializes in cannabis oil extraction and hemp oils.

ADYNF is working with the University of Western Ontario to explore the impact of cannabis oil, its constituents and other botanical extracts that lead to development of unique products for the treatment of mental health issues, such as post-traumatic stress disorder, anxiety, depression, and schizophrenia.

With the University of Waterloo, ADYNF is performing fundamental research on cannabis oil leading to the treatment of cancers of the pancreas, breast, prostate and colorectum. ADYNF is seeking to combine the benefits of algae and cannabis oils and their role in the cancer-related potential treatment by botanical oils, specifically focusing on cannabis.

For more information, visit the company’s website at www.AlgaeDynamics.com

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ChineseInvestors.com, Inc. (CIIX) Seeks To Become Bitcoin Information Leader for the Global Chinese-Speaking Community

  • Formally announces subscription service Chinesefn.com, offering real-time reporting on digital currency news
  • Published report analyzes jump in bitcoin valuation and its larger role in legalized marijuana markets
  • CIIX targets China, which has an estimated 85% share of the bitcoin market

ChineseInvestors.com, Inc. (OTCQB: CIIX), along with other companies in the cannabidiol (CBD) and legalized cannabis industries, are increasingly relying on bitcoin cryptocurrency for transactions. Not only has the value of bitcoin skyrocketed to greater than $4,000 in the past year, it solves the problem of transactions in this largely unbankable market.

In a July press release, the company formally announced the debut of its new cryptocurrency education and trading subscription service on Chinesefn.com, the company’s own financial website for the Chinese-speaking community. The new service will offer coverage of the emerging digital currency world. Through its new subscription service, CIIX endeavors to become the leading digital currency education site for the global Chinese-speaking market.

CIIX’s goal is to become a leading Chinese publicly-traded company offering real-time information on its website, conducting research and development of legalized cannabidiol and providing global distribution of hemp-based cannabidiol and other health products. The firm has an online store in the free trade zone of Shanghai, China, and plans to open a brick-and-mortar unit in San Gabriel, California.

Bitcoin jumped 500% from $200 to $1,000 in January 2017, and it recently reached a record-high of more than $4,500. Warren Wang, founder and CEO of CIIX, has noted his belief that it can climb even higher. “With an estimated 85% market share, China is one of the dominant players controlling bitcoin volume, along with Japan (which recently legalized bitcoin as a form of payment) and the United States,” he noted in a recent news release. “CIIX intends to provide fundamental knowledge to Chinese speaking newcomers to cryptocurrency, including straightforward explanations of the basics of cryptocurrency, how to buy it and straightforward trading guidelines.”

Fueling part of the growth, according to a newly-published report (http://dtn.fm/z10CT), is the widespread use of bitcoin in the CBD and legalized marijuana industries. In this non-traditional, unbankable marketplace, suppliers, wholesalers and retail dispensaries are using bitcoin for transactions. While most dispensaries are currently cash-only businesses, bitcoin could enable consumers to complete purchases free of traditional banks.

The recent surge in interest related to cryptocurrency and its underlying blockchain technology has been impossible to ignore. Without a doubt, bitcoin on its own presents a valuable investment opportunity, and its role in the future of CIIX and other industry players is growing in importance.

For more information, visit the company’s website at www.ChineseInvestors.com

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SinglePoint, Inc. (SING) Issues Update on Its Acquisitions and Initiatives

  • SinglePoint recently completed acquisitions of Convectium and DIGS Hydro
  • The company offers an online payment solution through a partnership with First Bitcoin Capital
  • Online payments and marketing services are available through SingleSeed.com

SinglePoint, Inc. (OTC: SING) revealed in a July 18, 2017, audio press release that it is now working with a cryptocurrency expert to lead an initiative to develop a payment solution designed for high risk customers. The company has grown from a full service mobile tech provider to a publicly traded holding company serving the cannabis market. Thanks to a joint venture with First Bitcoin Capital Corp., according to the audio press release (http://dtn.fm/K68cB), efforts to deliver a testable solution within 60 days are underway.

Helping to drive a consumer-first approach, the joint venture is expected to yield an easier transaction at the point of sale. In addition, two recent acquisitions are driving SinglePoint’s acquisition and growth strategy. One is DIGS Hydro, which now has two operating stores in Southern California and plans to open a third. The company, specializing in growing, cultivating and consulting in the cannabis industry, has seen growth in its first two quarters. The acquisition of Convectium, which manufactures and supplies the 710Shark oil filling machine, has been fulfilling as well.

In a recent podcast (http://dtn.fm/Mw9aP), Greg Lambrecht, CEO of SinglePoint, interviewed Wil Ralston, VP of sales and marketing. The two discussed how a new payment solution will avoid issues of purchasing cannabis products through banks, as well as the company’s presence in the OTC markets. Ralston also discussed the expansion of Convectium into a new office, with the addition of five new sales people and an operations specialist, and how it is driving the company’s acquisition phase and revenues.

SinglePoint is also developing an online marketing strategy, which involves selling products nationwide through the DIGS website – DIGSHydro.com. The recently acquired subsidiary received a significant purchase order in June to offer supplies and services to a major biomedical company. Payment solutions are already being offered through the online portal and subsidiary at SingleSeed.com, available now to cannabis retailers. It offers credit card processing, pay by text, cashless ATM, and point of banking services.

The company is also looking into additional acquisition options. It is planning to acquire a technology-driven delivery company and another that provides solar solutions to commercial cannabis growers. It has a presence in the solar industry in parts of Arizona, Texas, and southeast New York. In addition to payment processing, mobile messaging services are available, so companies can reach out to mobile subscribers with deals, coupons, and other notifications via SMS.

For more information, visit the company’s website at www.SinglePoint.com

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SEC Issues Temporary Suspension in Trading Shares of First Bitcoin Capital (BITCF)

The Securities and Exchange Commission has issued a temporary trading suspension of First Bitcoin Capital Corp. (OTC: BITCF) shares because of concerns about the accuracy and adequacy of public information on the Canadian company.

The order took effect at 9:30 a.m. EDT last Thursday and terminates at 11:59 a.m. on September 7, 2017. The SEC cited concerns about the company, including the value of BITCF’s assets and its capital structure, in a news release accompanying the suspension order.

Shares of First Bitcoin Capital are traded over-the-counter and were last trading at $1.79 per share, according to Bloomberg. Shares had risen almost 7,000 percent this year prior to the suspension order. By contrast, the S&P 500 is up nine percent during the same time period.

“The Commission cautions broker-dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company,” the SEC noted in its statement.

First Bitcoin Capital management issued a notice to shareholders downplaying the 10-day suspension.

“The company has retained competent SEC counsel to work with the SEC to learn of any concerns beyond the over exuberant market for our shares such as our disclosures of assets and capital structure,” the company stated in its shareholder letter. “We believe that there is likely a misunderstanding or a simple clarification necessary and that it would have been better for the SEC to ask us for this information before taking such drastic action.”

According to its website, First Bitcoin Capital is a publicly-traded Canadian company engaged in various digital cryptocurrency-related business lines. It holds proprietary blockchain technologies and operates a digital currency exchange.

For more information, visit the company’s website at www.BitcoinCapitalCorp.com

Lexaria Bioscience’s (CSE: LXX) (OTCQB: LXRP) Revolutionary Process Creates Superior Cannabinoid Edibles

  • 19 patent applications filed in the United States and internationally (under the Patent Cooperation Treaty), with national filings in 44 countries
  • Collaborative research and development agreement with Canada’s National Research Council to investigate opportunities associated with bioavailability enhancement of certain compounds, including those in cannabinoids, vitamins, NSAIDs and nicotine
  • Out-licenses its patented technology to third party partners, with several deals signed or pending

When Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP) researchers tackled the issue facing consumers of edible cannabinoids – poor absorption of the product’s bioactive compounds by the body’s gastrointestinal tract – an important statement led the way: bioavailability matters. The company realized that if hemp oil ingredients were infused within lipids found in popular foods, the common problems of bad taste, poor absorption in the body and lack of product variety could be solved.

Lexaria has since developed a superior method of lipid-delivery technology through a patented process that does this by infusing the beneficial elements of hemp oil to lipid molecules. Lexaria reminds consumers that it is not mixing hemp oil into a product; it is infusing organically sourced, high purity hemp oil inside the molecules of other ingredients to produce superior tasting and performing food and beverages, including premium teas, protein energy bars and hemp oil capsules formulated with ginseng and ginkgo for enhanced memory and focus.

Additionally, this technologically superior method of delivery is being considered for other products in demand by consumers, namely nicotine-based products. Lexaria’s method could remove many of the dangerous side effects of nicotine, although the patented molecular delivery technology for this product remains in its early stages (http://dtn.fm/c2VCP).

Lexaria is also seeking patents to use its lipophilic enhancement technology for tetrahydrocannabinol (THC) and other psychoactive cannabinoids, non-steroidal anti-inflammatory drugs (NSAIDs such as ibuprofen), nicotine and other molecules. New business-to-business relationships are on the horizon in the fields of vitamins, NSAIDs and nicotine delivery.

For more information, visit the company’s website www.LexariaEnergy.com

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ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Licensed to Grow Cannabis by Feds in Canada

  • An early mover in the Canadian cannabis space
  • Serving Canada’s most populous province
  • New funding deal signed for $15 million at $2.25 per share

As befits its status as a first mover in the Canadian cannabis space, ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) is racing ahead with plans to supply the medical marijuana needs of Canada’s most populous province. Construction plans at its Kimmett facility in the third quarter of 2017 remain on schedule, and the previously announced plans for a 71,000 square foot phase 1 project have been expanded to 100,000 square feet. The company recently signed a funding deal that prices the business well above market valuation. It appears that ABcann is one MMJ outfit that the smart money is betting on.

ABcann was one of the earliest players to apply for a cannabis grower’s license in Canada, which was granted in March 2014, well before the current Access to Cannabis for Medical Purposes Regulations (ACMPR) were implemented on August 24, 2016. That early start has advanced ABcann much further along the learning curve than subsequent licensees. In addition, having worked in collaboration with the University of Guelph in Ontario, Canada, to study the growing process, ABcann’s expertise is superior to most other LPs. It has developed state-of-the-art growing technology that produces high yields and consistency in its produce as it scales up. Also, somewhat like in retail, where location is a major determinant of success, ABcann’s location is fortuitous. Its operations are situated in Canada’s most populous province of Ontario, which, with 13.5 million people, accounts for close to 40 percent of Canada’s total population.

Knowledge of the growing process is particularly important if a licensed producer is going to scale up successfully. An essential requirement of medical marijuana is consistency. The product must be relied on to deliver a standardized quantity and quality of active ingredients every time it’s taken. Imagine the peril to patients of undergoing prescribed regimens of a medication with psychoactive properties where the dosages vary randomly.

Quality is obviously a crucial issue and, indeed, was one of the reasons that ABcann was founded by Ken Clement. ABcann’s mission, he has said, is “to deliver consistent, standardized medicinal cannabis that the public and patients can consistently rely on” (http://dtn.fm/wGg26). Now, ABcann is able to produce an organically grown, pesticide-free, standardized product with a growing system that controls air quality, carbon dioxide and oxygen levels, water quality and volume, light spectrum and cycles, temperature and humidity, plant nutrition and the curing process.

Earlier this month, ABcann announced completion of the initial funding phase of its partnership with Cannabis Wheaton (TSX.V: CBW). Under the deal, CBW has purchased $15 million worth of ABcann common shares at $2.25 per share. The cash forms part of a larger phased investment by Cannabis Wheaton that is expected to fund an additional 50,000 square feet of production space, capable of producing 35,000 kilograms of product per year, at ABcann’s second facility. This expansion comes alongside ABcann’s existing construction plans for a 100,000 square foot facility at its Kimmett property in Napanee, Ontario.

Since debuting on the Toronto Venture Stock Exchange at $1.00, ABcann stock has traded down a little, but, as recent events indicate, it may be a diamond in the rough. The Cannabis Wheaton deal valued the stock, which currently trades at C$0.87, at $2.25.

For more information, visit the company’s website at www.ABcann.ca

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Bollente Companies, Inc. (BOLC) Tankless Water Heaters Gain Ground in Robust Housing Construction Market

  • About 1,175,000 residential projects were completed in July, according to the U.S. Census Bureau
  • Bollente’s trutankless water heaters are 99 percent efficient and provide hot water all the time
  • The systems can run maintenance-free for 20 years or more, reducing demand on landfills

The U.S. housing construction market remained robust in July 2017. A seasonal adjusted rate of 1,223,000 for building permits was reported for the month, and privately-owned housing starts were adjusted to 1,155,000. There were 1,175,000 housing completions for private residences, according to the United States Census Bureau (http://dtn.fm/w6ZO3). Construction trends of energy efficient, water saving multi-family dwellings in warm climates are fueling the demand for tankless water heaters like the revolutionary trutankless line from Bollente Companies, Inc. (OTC: BOLC). This comes as an estimated 57 percent of traditional U.S. water heaters are close to or have surpassed their expected age of failure.

The trutankless water heater line from Bollente is more compact and efficient than traditional heaters. It takes adherence to U.S. Department of Energy regulations further by eliminating a tank altogether. The agency requires tanks of 55+ gallons to achieve efficiency rates that require expensive heat pumps. The sensors in Bollente’s electric tankless water heaters keep water at a constant temperature. Efficiency is also maintained by solid state electronics and proprietary software.

Homeowners can monitor and control their water heaters remotely, and even manage and be alerted via smartphone. Wireless apps are available to set the system, monitor all parameters, and receive notifications on a phone from anywhere. Custom settings for power help to achieve even better efficiency and performance. trutankless heaters can also be connected to smart grid and home automation systems. In fact, they are 99 percent efficient, providing hot water at all times but using less energy than tank heaters.

The tankless water heaters also have a self-flushing system and can remain maintenance free for 20 years or more. Therefore, the costs of upkeep are low, and one does not have to worry about replacing the system for quite some time. Millions of old water heaters are dumped into landfills each year. The long-lasting systems from Bollente can help reduce the strain on the environment by keeping reliable, efficient tankless water heaters in homes longer, where they serve a functional purpose that people can depend upon over the long term.

The company is serving a housing market concentrated in warmer areas, in a nation where over eight million water headers are sold. This is important from an investment standpoint, in that the vast majority of building starts and permits cited earlier also represent an extremely high concentration in southern and western regions. Not only does the technology satisfy an increasing demand. It offers competitive pricing for a product that offers annual energy expenditures well below technologies such as conventional electric or gas storage and comparable to solar electric-backup systems.

The company’s industry partnerships for the trutankless line are an important growth driver and include the largest national and regional plumbing equipment distributors across the nation, as well as first-time partnerships with leading national service companies like Mr. Rooter. The international sale of trutankless systems is being managed through a wholly-owned subsidiary, Bollente International, Inc. Outside the U.S., the demand is high in places like Asia, Europe, Australia, and New Zealand, where homeowners are seeing the economic value of tankless water heater systems. The result has been significant growth, with total revenue for the last four quarters markedly outpacing total revenue of the previous four quarters.

For more information, visit the company’s website at www.BollenteCompanies.com

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SinglePoint (SING) Featured in Article Outlining Explosive Growth of Legal Cannabis Industry in North America

  • SinglePoint positioned for success in the cannabis market through its rapidly expanding portfolio of holdings positions
  • Company reduces risk of changing state and federal laws by not touching the plant, but instead focusing on tools and services for the cannabis industry
  • Proprietary bitcoin payment solution in development

Specialized holding company SinglePoint, Inc. (OTC: SING) was featured prominently in a recent article (http://dtn.fm/G5jS7) detailing the rapid growth in the North American legal marijuana market. The article explains how several companies, including SinglePoint, are taking advantage of this new market space.

Experts are predicting a 25 percent compound annual growth rate for the cannabis industry; $6.7 billion in retail activity was reported during 2016 in Canada and the United States. The marijuana market in the United States is poised for further explosive growth, and SinglePoint is taking big steps toward dominating the market and reaping the attendant rewards.

SinglePoint is rapidly expanding its portfolio in the cannabis markets with strategic acquisitions of companies offering services to the cannabis industry. With the company’s ongoing strategy of providing tools and services to the cannabis industry without touching the plant, SinglePoint eliminates the risk of being adversely affected by changes in state or federal laws, SinglePoint CEO Greg Lambrecht said in a recent interview (http://dtn.fm/i9O64).

In one of several recent acquisitions of companies involved in the cannabis industry, SinglePoint announced in March the first round of funding to acquire a portion of Jacksam Corp., dba Convectium. Based in Orange County, Convectium provides branding, packaging, equipment and a proprietary oil filling system; the company also sells specialized machines that fill vials with oil and a unique system for filling and packaging vape cartridges and disposable vape pens.

In May, SinglePoint announced its acquisition of a 90 percent share in Discount Indoor Garden Supply (DIGS Hydro), further diversifying the company’s investment portfolio and revenue sourcing. DIGS Hydro provides online products, retail stores, consulting and equipment to the cannabis industry in California, where thousands of cannabis-related businesses and customers are located.

In June, SinglePoint announced an agreement (http://dtn.fm/KRf8u) between DIGS Hydro and Premier Biomedical, Inc. (OTCQB: BIEI) to manufacture Premier’s new CBD Hemp Oil Patch in high quantities. The move is expected to contribute significantly to SinglePoint’s revenue goals.

Federal restrictions have forced the industry to utilize only cash transactions, despite cannabis being legalized for medical or recreational use in 29 states and the District of Columbia. A partnership with First Bitcoin Capital Corp. (OTC: BITCF) allows SinglePoint to move forward with a bitcoin payment solution for the cannabis industry.

Under a joint venture agreement (http://dtn.fm/L1tbQ), the two companies will develop and distribute a payments solution using blockchain technology. First Bitcoin Capital provides industry-leading bitcoin and blockchain technology while SinglePoint has a long history in distribution. The partnership will enable both companies to focus on their core strengths to build the best possible bitcoin payment solution.

For more information, visit the company’s website at www.SinglePoint.com

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AppSwarm, Inc. (SWRM) Rides Momentum to Drive Application Development Initiatives for 2017

  • The company reported revenues of $589,000 for 2016
  • Mergers and acquisitions have enabled AppSwarm to enter the e-commerce, health and education segments
  • In-house software development has produced virtual reality products and expanded the app incubation/acceleration program

AppSwarm (OTC: SWRM), a publicly traded technology development and incubation acceleration firm, has experienced a momentum in 2017 that has boosted its ability to acquire applications for any device type. Reaching out to young application developers and entrepreneurs has paid off. The royalty agreements, joint ventures, stock purchase agreements, partnerships, and purchases have expanded the company’s financial resources, while mergers and acquisitions have bolstered software development as well. “The Swarm,” a selective screening process, enables the company to review app ideas and decide which projects to pursue.

Aside from reporting $589,000 in revenues for 2016, the company also reduced its corporate debt. In 2017, it has so far expanded its reach into the e-commerce, health and education markets and grown its in-house software development platforms. These, and the company’s application incubation/acceleration program, have enabled the development of virtual reality products and innovative new software.

Recent acquisitions include that of “Soccers,” acquired from TGTStudios; the game features block-style players and notable soccer teams. Tournaments range in difficulty and consider speed, defense, shooting ability, team morale, and other skill sets. “Komandir,” a virtual reality game, was recently acquired as well, from a prominent Russian development company, while “Avenging Soldiers” from developer Freak X Apps was recently launched. Also, AppSwarm recently launched its own game in the Apple App Store and Google Play Store – “Dead Uncleansed,” a tower defense style mobile game. “Turtles, Huh?” has a main game and various mini games in which players can complete 88 missions as the Turtle or the Penguin. Developed by Turtle Fly, it is designed for iOS platforms.

However, AppSwarm’s recent stream of acquisitions is not limited to games. A PDF document scanner app from TECHNOSYS was recently announced. It uses mobile device cameras to save images of PDF documents, with zoom and color/grayscale/black and white functions.

In addition to reaching into the estimated $7.2 billion virtual reality market, as calculated by Greenlight Insights’ Virtual Reality Industry Report: Spring 2017, AppSwarm has been focused on its in-house and acquired e-commerce development projects. Its compatibility with the company’s incubation system led to the acquisition of Urban Bamboo Designs, launching its website and focusing on the eco-friendliness of the material in many forms of products. Bamboo is strong, lightweight, and flexible, as well as affordable. As such, underdeveloped economies often benefit from its purchase. AppSwarm also stands to benefit from the e-commerce site selling eco-friendly watches, bracelets, sunglasses, phone cases, and décor.

In the first half of 2017, the company has built momentum through mobile app development and acquisitions while expanding its marketing services. Thanks to a lean corporate expenditure profile and profit-based incentive compensation, its strategy continues to be successful.

For more information, visit the company’s website at www.App-Swarm.com

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