Penny Stocks Watchlist: EXSR, BSEM, FFPP, BRGC, TLSS
Over the years, the attraction for penny stocks among investors has been palpable, and it is still the same. These stocks can sometimes make fortunes, and hence, every day investors look for the next major opportunity in the category. Here is a closer look at five companies that you could add to your watch lists.
Exchange Bank (OTC:EXSR) On September 6, the company hit the news cycle after it announced that it had named a top corporate-level philanthropist. Exchange Bank had been named in the Top 100 Corporate Philanthropy Companies list, compiled annually by the San Francisco Business Times.
The rankings are compiled so as to recognize the financial contributions that are made by corporate citizens situated in the San Francisco Bay Area. It ought to be noted that it was the second year in a row that the company had been named on the list for the contributions it made to the non-profit organizations in the local area.
The company had been ranked 46th out of 100 for having donated an aggregate sum of $798,000 to a total of 280 charitable and non-profit entities in 2022. In 2022, Exchange Bank generated total income to the tune of $50 million before taxes. Hence, it had considerably surpassed the 1% of income before taxes threshold. The Community Engagement Officer of the bank, Beth Ryan, noted that the organization would continue the efforts.
BioStem Technologies Inc. (OTC: BSEM) On Wednesday, the company made a joint statement with Lovell Government Services. It was revealed that the two companies had been successful in listing BioStem Technologies Inc. on important government contract vehicles. Due to this development, government customers would be able to find the company’s portfolio, consisting of placental-based tissue allografts for better wound care, on the ECAT systems of certain government bodies.
The government bodies in question would be the Department of Defense’s Distribution and Pricing Agreement (DAPA), the Defense Logistics Agency, and the Department of Veterans Affairs Federal Supply Schedule (FSS). It was a major development for the company and had only been made possible thanks to Lovell, its Service-Disabled Veteran-Owned Small Business (SDVOSB) exclusive partner.
The Chief Executive Officer of BioStem Technologies, Jason Matuszewski, spoke about the developments as well. He noted that the aim of the company was to have a long-lasting association with both the federal healthcare system and Lovell. He went on to note that it was an honor and a privilege to deliver these services to the nation’s government agencies.
Fast Finance Pay Corp. (OTC: FFPP) Yesterday, the company announced that it had forged strategic partnerships to make a move into the United States market. Fast Finance Pay Corp. announced that it had entered into a partnership with xlrt.ai, the operator and owner of digiclerk.com, for the move. The company’s offerings in the United States would include artificial intelligence-backed document processing for real estate investment trusts and for certified public accountants.
In this context, it ought to be noted that digiclerk.com provides a path-breaking, transformational document processing service specifically designed for the financial services sector. The Chief Executive Officer and President of Fast Finance Pay Corp., Andreas Garke, spoke about the development as well. He noted that it was an exciting new opportunity for the company since there was a significant need for the deployment of artificial intelligence in different constituents of the financial sector. He went on to express his excitement at the prospect of working with DigiClerk.com.
BrightRock Gold Corp. (OTC: BRGC) On September 6, the company presented a new video that highlighted a newly discovered, unmarked, and undocumented lithium pegmatite outcrop at the recently completed Phase 3 expansion claims. BrightRock Gold Corp. went on to note that its Midnight Owl Project’s Lode Claim Number 177 specifically featured a lithium pegmatite outcropping of significant prominence.
The Chief Executive Officer of the company, Mac J. Shahsavar, spoke about the latest development as well. He noted that as the company continued to work on its on-site exploration ahead of its wide-ranging sampling campaign, its team had managed to make another significant discovery.
Transportation and Logistics Systems, Inc. (OTC: TLSS) The company works through a range of subsidiary units and is mainly involved in providing logistics and transportation services. On September 6, Transportation and Logistics Systems Inc. announced that, in a partnership with Expediri Inc., an expedited LTD carrier, it had started providing final mile delivery services in its coverage area.
The Chief Executive Officer and Chairman of the Company, Sebastian Giordano, noted that due to the company’s strong presence and reputation in the Northeast, the management continued to seek new business in the region to boost revenues. He went on to note that everyone at the company was excited about the new partnership with Expediri.
