Fernhill Corp. (OTC:FERN) Stock In Focus After Latest Development
If you are currently looking into the tech sector, then it may be a good idea to take a closer look into the software and technology services company Fernhill Corp. (OTC:FERN). At this point, the company is involved in providing cloud-based enterprise platforms for enabling data aggregation, digital assets, and Web 3.
On March 7, the company entered the news cycle after it announced that it had established a new subsidiary unit called MediaBloq with the sole aim of setting up a Global Media and Marketing Division. It was a major new announcement from the company and one into which investors ought to look a bit more closely.
In the news release, it was noted that the company would continue to establish new subsidiaries and divisions for the purpose of making acquisitions with synergy so as to support the overall growth strategy. The company asserted that the establishment of a new marketing and media division was crucial for the potential growth of Fernhill Corp.
It was going to be important since each operating division inside the company needs content and marketing-powered engagement with the audience to drive growth. The company also noted that the aim was to make MediaBloq a profit center for the company so that targeted acquisitions could be accommodated.
Concurrently, MediaBloq would also provide the necessary support to some of the other business divisions of Fernhill Corp., like PerfectMine, MainBloq, and DIGX. The company reiterated that it aimed to have its subsidiaries as vehicles in which it could park its acquisitions. Such a situation would allow the existing management and founders of the acquired entities to stay and operate in a quasi-autonomous way. Fernhill Corp. noted that such an arrangement could prove to be a highly efficient way to manage its new acquisitions.
