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BlueRush Inc (OTCMKTS:BTVRF) Stock On Watchlist After Master Services Agreements

Madison Hall , , , ,

Personalized video software as a service pioneer BlueRush Inc (OTCMKTS:BTVRF) could be one of the companies worth watching this morning in light of yesterday’s developments. The company announced yesterday that two master service agreements had been signed with two global insurance companies after the completion of successful pilot projects.

Trading Data

On Thursday, BTVRF stock ended flat at $0.0550 with more than 5K shares, compared to its average volume of 15.26K shares. The stock moved within a range of $0.0550 – 0.0550 after opening trade at $0.0550.

BlueRush Pleased to Announce Signing of Master Services Agreements with Two Global Insurance Companies

The Chief Executive Officer of BlueRush Steve Taylor spoke about the development as well. He noted that the insurance industry continued to be an area of growth for the company and its IndiVideo platform. He went on to add that he was pleased at the possibility of adding new customers in the particular vertical. More importantly, he went on add that the company had also proven that it could grow the value of the contracts beyond the initial subscription value.

The total value of the initial subscriptions is $75,000. Taylor went on to note that the company’s service delivery and customer success teams had done a commendable job in their work with its customers so as to meet all the business objectives. In many cases, the objectives had been exceeded and that had resulted in a situation in which the basis was laid for the growth in the subscription value of many of the key accounts.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.