International Star Inc. (OTC:ILST) Stocks On Watchlist After Announcing a New Collaboration
Considering the announcement made by International Star Inc. (OTC:ILST) yesterday, it is likely that the company’s stock would be in focus among investors this morning. It could be a good move to take a closer look into it.
New Collaboration
The company announced yesterday that it had inked a new letter of intent with Zionic Beverages Inc. with regards to a new collaboration. The collaboration would involve the development of non-alcoholic as well as alcoholic beverage products.
As per the provisions of the Letter of Intent, International Star would work with Zionic for the purpose of formulation of beverage products and create connections with celebrities for potential endorsements and promotions. Moreover, Zionic boasts of already strong relationships with some of the leaders of the industry, like Republic Brands and 7 Eleven. Those relationships would help in setting up strong distribution networks and also provide key insights about the beverage market.
Further Information
Additionally, International Star announced that the two companies would continue to collaborate over the course of the coming months in order to make a final version of the product plans. Concurrently, the two companies would also work on possible plans with regards to entry into the markets. The partnership would be primarily geared towards product innovation in alignment with market trends.
Management Comment
“We are pleased to formalize this relationship with Zionic through the LOI,” said Robert Klein, CEO of International Star Inc. “Zionic’s relationships with groups such as 7-Eleven and Republic Brands, combined with our proven track record of working with iconic celebrities, create an exciting foundation for success.”
Fundamentals
| P/E Ratio | -2.2500 |
| PEG Ratio | – |
| Price to Book | -1.27 |
| Price to Cash Flow | – |
| Price to Free Cash Flow | – |
| Total Sales (TTM) | 0.56 M |
| Revenue per Share (TTM) | 0.00 |
| Shares Outstanding | 1.936 B |
| Share Float (%) | 1,346.61 M (69.54%) |
| % Held by Institutions | 0.08 |
