Penny Stocks in News: SMKG, LBWR, BLLB, GOGR, AFFU

One principle of long-term success in investment is for investors to be as aware of the latest news about the markets as possible and the same holds true when it comes to penny stock investment. Here is a closer look into some of the penny stocks which have been in the news lately.

Smart Card Marketing Systems Inc (OTC:SMKG) – The boutique paytech and financial technology firm is best known for providing a suite of platforms. On Monday, Smart Card Marketing Systems Inc announced that the fintech industry was on the verge of a rebound after having gone through a series of challenges.

instance, there had been considerable upheavals in the banking, cross-border payments, and payments tech industries in recent times. However, the company claimed yesterday that there was a demand to prepare platforms digitally that could provide utilities and features which could provide embedded paytech, intelligent processes, embedded artificial intelligence, blockchain protocols and other related services. Smart Card Marketing Systems is a company that specializes in those domains.

The company is best known for providing these services through white-label licensing and believes that the key to providing these above-mentioned services is through scalability as well as interoperability. The Founder and Chief Executive Officer of the company Massimo Barone spoke about the current climate as well.

He stated that a great trend had been resurging in the banking and payments industries combined with the demand for digital innovations. He went on to note that it was a sweet spot for the company since it shone a light on the services offered by Smart Card Marketing Systems.

Labwire Inc (OTC: LBWR) – The company operates a leading dollar store chain and on Monday it was in focus after it made an announcement with regards to some of its recent milestones and provided a roadmap for an exciting future. It may be a good idea to take a look at some of those highlights provided by Labwire Inc yesterday.

One of those was the acquisition of Cessil, which is also referred to as the Super 99 Center, a dollar store chain operator in Phoenix. It was a major milestone since it would allow the company to have a stronger foothold in the Phoenix market.

The company’s Regulation A+ offering had also been qualified by the United States Securities and Exchange Commission. The qualification was a major step in the company’s quest to raise capital efficiently. It would allow the company to take in investments from both accredited and non-accredited investors.

Labwire also noted that in the short term, it was looking to acquire independently owned dollar stores for the purpose of expansion. It went on to note that targets had already been identified which are in line with its aims and objectives as a company. The acquired stores would all operate under the Super 99 Center brand.

Bell Buckle Holdings Inc (OTC:BLLB) – The company, which is a noted leader in the youth sports and enrichment industry, was in the news on June 21 when it made an announcement with regards to the successful expansion of Jump Start Sports, its subsidiary unit.

Bell Buckle Holdings Inc announced that due to the single-minded commitment of Jump Start Sports to provide high-quality sports programs and camps, it had been successful in establishing franchised and corporate-owned locations. That helped Jump Start in boosting its presence in the market and strengthening its position as a major player in youth sports.

Jump Start had started serving the cities of Canton, Cleveland, and Akron. The territory covered by these three cities was the home base of the company. It had also managed to open up corporate-owned locations in the cities of Montgomery, Raleigh, Durham, and Pittsburgh. Jump Start Sports also opened up as many as 10 franchised locations which further helped the company in expanding its reach in new regions.

The company also announced that four new franchise locations are going to be added, which include Fairfield County, West Hartford, Dayton, and Boston. Bell Buckle Holdings was also exploring the possibility of adding more franchise locations in different regions in the state of Florida.

Go Green Global Technologies Corp (OTC:GOGR) – The water and fuel technology solutions innovator announced yesterday that the as of April 25, 2023, the United States Patent and Trademark Office had issued a patent to the company. The patent bore the title “Apparatus and Method for Treating Substances Using Asymmetric-Vector Electrical Fields”. The patent had been granted to Go Green Global Technologies Corp up until 2041 and would provide protection to the company’s proprietary Sonical technology, meant for the treatment of fuel and water.

The Chief Executive Officer of the company Danny Bishop spoke about the latest development as well and noted that everyone at the company was pleased with having been issued patent protection for the latest version of its Sonical technology. He went on to add that now that patent protection was in place for the United States market, it would be possible for the company to start working on the distribution and manufacturing-related work in the near term. He also stated that the team at Go Green was eventually looking for international patent protection as part of its worldwide market strategy.

Affluence Corporation (OTC: AFFU) – The internet of Things and Smart City software technology company was in the news yesterday after it made an announcement about One Mind Technologies, its fully-owned subsidiary unit. Affluence Corporation announced that One Mind ad been successful in expanding its sales presence in the South American market.

That came about because of its partnership with Globe SA, one of the leading distributors, value-added services providers, and integrators in the continent.  The Chief Executive Officer of One Mind StephaneEyme spoke about the developments as well. He noted that the partnership with Globe SA had started paying rich dividends already. He went on to note that the long-term objective of One Mind was to have a combination of subscription revenues and enterprise solutions.