Btab Ecommerce Group Inc. (OTC:BBTT) Stock In Focus After Issuing Key Updates
Many investors are expected to keep an eye on those companies this morning, which may have been in the news cycle yesterday. One of the companies that could be tracked this morning is Btab Ecommerce Group Inc. (OTC:BBTT) in light of the announcement from the company on November 2. The company primarily operates as an e-commerce entity through its networks in Asia, Australia, the United States, and the United Kingdom, in addition to its affiliated company, Btab Group Inc.
The company came into focus on Thursday after it revealed its plans for helping small and medium-sized businesses grow and thrive in those niches, which are dominated by super brands. The company revealed that it sought to do so by deploying the power of the Btab Ecommerce Group network, by way of which it would link resellers in the United States with product ranges in Australia.
It would be a move that would provide a large number of United States-based resellers of all sizes with the option of getting better access to a wide range of higher-quality product lines based out of Australia. The products would be provided to the resellers through Btab’s manufacturing plants or through partnerships with thousands of high-quality providers based out of Australia.
Australia is renowned all over the world for its beauty and health product lines. The latest move would help in opening up access to Australian product lines for the consumer market in the United States. The development would not only help in providing consumers with higher-quality goods at competitive prices but also provide substantial benefits to small and medium-sized businesses.
All that could be achieved through the deployment of the Btab Ecommerce supply chain, harnessed by its own ecosystem. Binson Lau, the Chief Executive Officer of the company, spoke about the latest plan as well. He noted that everyone at the company was excited at the possibility of using the Btab Ecommerce network to help smaller and medium-sized businesses grow amidst the stiff competition from multinational brands. He went on to add that the plan would not only allow consumers in the United States to get hold of Australian goods more easily, but it would also provide resellers with more opportunities.
The company had made another significant announcement on September 19, which investors could look into. The company announced at the time that it was looking to grow its revenues and operations through the acquisition of more companies. The company noted in its new release that the ultimate goal of Btab Ecommerce was to establish a larger corporation. Consequently, the company planned to pursue an initial public offering of that corporation and eventual uplisting on a major national exchange like the NASDAQ. The company revealed that it would look to acquire businesses owned by third parties or those that were under the ownership of Btab Group, Inc. It was also revealed that Btab Group boasted yearly revenues in excess of $20 million at the time.