Penny Stocks to Watch: RGSG, IBGR, MDMP, KOSK, PSYC

The market for penny stocks has always been vibrant, and investors are almost always on the lookout for the next winners in this category. This feature would provide you with a closer look at a handful of penny stocks that could be worth adding to your watch list at this point.

Resources Global Services Group (OTC:RGSG) On Monday, the company announced that it had entered into a business partnership with Jonathan McMonagle, an Australian property and information technologist and engineer. As per the announcement from Resources Global Services Group, McMonagle would be responsible for the marketing of his three-pronged real estate software deal sherpa, which would be represented by Sourire Consulting.

McMonagle is the owner and the software designer of Deal Sherpa, a property investment software. He holds a Masters of Engineering in Manufacturing Sciences and Engineering from the University of Strathclyde. He earned another degree from the Nanyang Technological University of Singapore in the late 1990s. The product is a web-based subscription service to aid investments. The ultimate aim of the software is to provide individuals with the possibility of achieving financial freedom through property.

There are certain key advantages for Resources Global Services Group thanks to the partnership with McMongagle. Deal Sherpa helps with the purchase of properties that may be off-market; it sources funds to support a property purchase; it provides reports to money partners about the progress of a project; and much more.

Dryworld Brands Inc. (OTC: IBGR) On Tuesday, the company came into focus after it announced that it had inked an agreement with ISA Para Surf Champion Jimena Ruiz Rojas. As per the agreement, Ruiz Rojas would join the Dryworld Brands Inc. team. She hails from Nosara, Costa Rica, and was the World Champion in 2021 and 2022. She was an infant when the lower half of her left leg had to be removed in surgery.

However, that did not stop her from pursuing her goal of surfing. Her determination and her natural gifts led to many victories, which built up her medal collection in both international and national events. As per the deal between Ruiz Rojas and Dryworld Brands, the latter would provide support for her competition schedule.

Additionally, Dryworld would also impart education through a business collaboration venture that would help Rojas bring in revenues through the sales of her branded merchandise. The merchandise would be co-designed by Rojas, and a percentage of the profits would be deployed specifically for her competition’s needs.

MDM Permian Inc. (OTC: MDMP) The company, which is an emerging player in the energy sector, announced yesterday that it had been successful in selling the first load of oil from one of its recent East Texas-based acquisitions. In the news release, MDM Permian Inc. noted that it was a major new milestone for the company as well as for the new management. It also demonstrated the strategic growth efforts of the company and its focus on providing more value to shareholders.

The company revealed that the East Texas-based acquisitions that it made had proved to be strategically important to its portfolio. The sale also indicated the company’s commitment to responsible resource development as well as operational expertise. The Chief Executive Officer and President of MDM Permian, Mark T. Warner, noted that everyone at the company was pleased with the development and that it marked a major moment in its journey. He also commended the hard work that had been put in by the concerned team.

One Step Vending Corp. (OTC: KOSK) The company specializes in acquisitions in emerging industries and on August 29, it made a key announcement. One Step Vending Corp. announced that it was going to advance with its plans to change its existing business model and move into the oil and gas sector.

The company revealed that after taking a significant amount of time to research a number of business models across a range of industries and sectors, it had come to this decision. One Step Vending further noted that its management was engaged in signing strategic agreements with long-established businesses in the oil and gas industry, which would be acquired as it forges a new path.

PSYC Corporation (OTC: PSYC), the parent company of Spotlight Media Corporation, which claims to be the multimedia leader of all psychedelic-related things, was in focus yesterday. On August 29, PSYC Corporation announced that it had formed a global strategic partnership with Target Media.

The collaboration would help in combining the industry’s leading presence as an authority on news, resources, and information on the psychedelic sector with the expertise of Target Media. Target Media is known for its state-of-the-art media strategies and investments, which include new-generation advertising technology services. It is one of the leading providers of digital solutions for brands.