Penny Stocks In News: AXIM, LEAI, HWNI, CLSH, PLCKF

The constant flow of news stories about the different penny stocks in the market can sometimes be a bit overwhelming for investors to follow coherently. However, this feature is going to provide you with a detailed look into some of the companies in the news cycle that may be worth looking into. Here is a look at five of those.

Axim Technologies Inc (OTC:AXIM) – The global healthcare diagnostic solutions development firm was in focus on Wednesday after it announced that it had started shipping its revenues-generating validation kits. The kits from Axim Technologies Inc belonged to one of the ophthalmological diagnostic assays.

The proprietary assay from the company is meant for the diagnosis of dye eye disease. It is supposed to be deployed at the point of care through the measurement of Ocular Immunoglobulin E (IgE), a major biomarker. In the past Axim had announced the start of commercial manufacturing of IgE assays that had been cleared by the United States Food and Drug Administration.

The shipment was a major new development for the company since it was the first fulfillment of a commercial order for the IgE assay since it had been developed. That marked a major milestone in Axim’s quest of becoming a significant revenue-generating company in the diagnostics solutions industry.

On May 24, the company announced that Versea Ophthalmics, its commercialization partner, had managed to get commitments from 40 clinics. As of yesterday, the same number stood at more than 50. All those clinics have the CLIA moderate complexity license or they are working on applying for one.

Legacy Education Alliance Inc (OTC: LEAI) – On July 12 the company came into the news cycle after it announced that it had appointed a new advisor in the form of Brad Blazar. Additionally, he was also made the Faculty Partner and Chief Investment Officer of Legacy Live, its subsidiary unit. Additionally, Legacy Education Alliance Inc also announced yesterday that it had signed a letter of intent with regard to the acquisition of the digital marketing-related businesses of Jessie Hale. Those businesses include Copy Ninjas, Twlv20 and Engage.

The Chief Executive Officer of Legacy Live, Jerry Conti, spoke about the appointment of Brad Blazar. He noted that Blazar had an excellent track record with regards to raising capital and throughout his career, he managed to raise more than $2 billion for a wide range of businesses.

In his new role at the Chief Investment Officer of Legacy Live, Blazar would be responsible for providing people with the resources and education which would help them in raising capital for real estate projects and much more. Conti added that he was continuing on his work on the expansion of the Faculty Partner program at Legacy Live.

High Wire Networks Inc (OTC: HWNI) – The company is a major global technology enablement and managed cybersecurity provider. On July 12 High Wire Networks Inc announced that it would introduce the next generation of enterprise-suitable cybersecurity technology at a major new product launch event scheduled for July 17, 2023.

The advance technology in question is expected to be the basis of a new product that the company believes would disrupt a number of fast-growing segments in the industry. Those niches include Secure Access Service Edge, Secure Enterprise Browser, and Identity Access Management among others.

Most organizations across the world are looking for a hybrid workforce and hence digital transformation is at the top of the agenda. That being said, the regular security and network infrastructures had not been developed with cloud computing or hybrid work as factors.

Hence, these issues have caused considerable problems with regard to costs, flexibility, and the experience of the end users. The new technology from High Wire Networks provides a combination of multiple network security services and networking so as to provide a solitary hyper-localized element that offers a wide range of capabilities. It would not only provide higher protection but also enhanced capabilities and a better experience to end users.

CLS Holdings USA Inc (OTC: CLSH) – It is a diversified cannabis firm that operates under the name Cannabis Life Sciences. On Wednesday, CLS Holdings USA Inc made an announcement with regard to the path-breaking advancements it had made in the fields of user experience and revenue growth with the successful integration of advanced artificial intelligence tools and solutions. Due to the presence of these artificial intelligence solutions, it is possible for the company to provide customers with a novel experience with regard to how they interact and shop for cannabis products.

The move has not only enhanced the user experience but also boosted the average size of baskets and further strengthened the position of CLS Holdings USA as a leader in the space. The company noted that it believes that the application of advanced technology is essential to provide top notch customer service, optimize business operations and hit financial milestones.

It was also noted yesterday that the use of these advanced technological tools would also lead to stronger financial performance for the company. Some of the artificial intelligence solutions that CLS Holdings deployed were POSaBIT, Pluggi, and Springbig among others.

Plurilock Security Inc (OTC: PLCKF) – The company and its subsidiaries are involved in providing identity-centric cybersecurity solutions meant for workforces. Yesterday, Plurilock Security Inc came into focus after it announced that it had inked a contract for Plurilock AI, its flagship product with one of the biggest airlines in India. As per the provisions of the contract, the customer would renew the subscription of the Plurilock AI Cloud product for 5800 users at a time.

However, the contract would also include the launch of a new cybersecurity project which would combine Plurilock AI into the existing workflows and operating environment at the airline. Ian L Peterson, the company’s Chief Executive Officer, noted that Plurilock Security was in a good position to emerge as a leading AI powered cybersecurity providing company to organization in some of the key industries.