Penny Stocks with An Edge for Long Term Value: AABB, DTGI, IDVV, DSGT
Penny stocks are speculative investment assets for high-risk tolerant traders. Their allure stems from being cheap, as they only need a little capital to take up a large position. Likewise, the prospect of generating gains of over 100% in a single day with penny stocks is always high.
While it is easy to make significant gains with penny stocks, the prospect of losing money is also high due to the high volatility always in play. Therefore, it is essential to understand how to pick the best penny stocks backed by game-changing technologies, products, and services.
Similarly, it is vital to settle on a penny stock capable of competing in its sector by having the edge over the other players. It should also be profitable or able to turn a profit based on its business structure. In this article, we take a look at AABB, DSGT DGTI and IDVV as Penny stocks with an edge in the respective sectors.
Asia Broadband Strengths Gold and Silver Production Capacity amid Digital Asset Opportunities
Asia Broadband Inc. (OTC: AABB) is a unique sub-penny stock making a name for itself in producing, supplying, and selling precious and base metals. Its competitive edge in the sector stems from specific geographic expertise, experience, and industry wide connection.
A vertical integration approach to sales transactions is what sets AABB apart from other players in the industry. It has also expanded its footprint into the digital assets segment to pursue growth opportunities around cryptocurrencies.
In recent months Asia Broadband has focused on areas of high-grade production and low-cost operations to maximize gross profit. Its strategic capital expansion focuses on increasing gold production to strengthen its digital assets division.
Last year, Asia Broadband completed a land purchase for a new processing facility in Etzatlan Jalisco, Mexico. The new processing facility will allow AABB to purchase up to 4-million-ton ore stockpiles at economically viable prices representing over $800 million in gold and silver.
Once in operation, it will be the largest high-yield asset addition expected to generate significant long-term value. The new facility will have the capacity to generate over $11 million in revenue annually, with AABB planning to accelerate a mill expansion installation to increase processing capacity 5-fold.
Asia Broadband is to leverage advanced mining equipment automation and efficiencies to maximize the plant’s throughput and metal extraction. The processing plant will also feature a mineral assay and strategic analysis laboratory to help reduce costs and supply rapid mineral results.
In addition to accelerating gold production and processing, AABB is also making waves in the digital assets segment with its hybrid AABBG token that is 100% gold backed. The token was a key driver of gross profit in the first quarter generating $3.9 million in sales of $4.6 million.
“Subsequent to our amazing and valuable trip to China just weeks ago, we have received some of the major processing facility equipment now from China and most of our assay laboratory pieces as well. We are really excited to continue to be on path with our new facility installation timeline and really look forward to begin ore processing this year,” expressed Chris Torres, AABB President and CEO.
With AABBG emerging as a key driver of value, Asia Broadband is implementing a new technical standards platform as it seeks to dramatically lower transaction costs and increase processing speeds. The new platform will also help expand the token liquidity and increase user satisfaction. The ultimate goal is to synergize the growth of the token and the AABB exchange to help create added efficiencies, enable broad use, and increase transaction volumes.
DSG Global Attracting Big Golf Cart Business as Sales Soar
DSG Global (OTC: DSGT) is a technology company whose core business revolves around designing, manufacturing, and marketing fleet management solutions for the golf industry. Its fleet solutions also find great use in government commercial and government applications worldwide. It also deals in GPS tracking devices and interfaces for golf vehicles and other related support services.
DSGT is at a key juncture of its growth plan backed by multiple new product lines. Therefore, it has expanded its North American Office sales and operations to facilitate the growth requirements of all product lines.
The third quarter is expected to be pivotal, going by the unprecedented pipeline of over $16.5 million owing to strong demand for consumer carts in the Shelby lineup. The V club fleet carts are also experiencing robust sales. The SR1 single-rider car, which will be available in the fourth quarter, already has over 7,800 orders, affirming yet another solid revenue stream.
DSG Global is currently in a robust growth phase, depicted by strong demand for its products across the country. The signing of a three-year lease agreement for a warehouse in Surrey and a new lease for the assembly of golf carts in Lakeland, Florida, underscores the expansion drive. While the new leases are expected to save on shipment and logistics costs, they should also bolster the bottom line.
International Endeavors Corporation Tapping AI Opportunity on Acquisitions
As artificial intelligence remains the center of attention amid increased focus and use, International Endeavors Corporation “IEC” (OTC: IDVV) has set out to take advantage of the immense opportunities up for grabs. The technology holdings company focused on energy and crypto has also set sights on revolutionary technology in pursuit of long-term value.
It has already entered into an LOI as it seeks to acquire Scripps Ventures to strengthen its prospects in the emerging segment further. The acquisition is poised to unlock new revenues while expanding IDVV’s presence in the AI sector. The startup has already developed an array of AI-powered technologies that utilize speech recognition and text generation already used by various clients.
IDVV intends to integrate Scribs technology into its existing products and service to increase capabilities and unlock new value. WITech, International Endeavors Corporation AU division, has already begun servicing various clients in the financial health and wellness sectors as it also plans to expand its offering into the real estate and legal sectors.
The fact that the company has already started generating revenues from its AI solutions underscores the huge opportunity as the segment is in the initial stages of growth. Part of the revenues is being directed towards acquisitions that should help expand service offerings to unlock new revenue opportunities.
Digerati Technologies Seeing Strong Demand for Cloud Services Eyes Acquisitions
Digerati Technologies, Inc. (OTC: DTGI) is one of the rare sub-penny stocks firing on all cylinders on growth. Robust revenue growth comes from the company making a mark on providing internet-based telephony products and services through a cloud application platform. It’s also making a mark on offering internet broadband, fiber mobile broadband, and cloud communication services.
For the nine months ending April 30, 2023, the cloud services provider delivered a 50% increase in revenue to $23.91 million, with gross profit increasing 56% to $15.21 million, signaling strong demand for cloud services. Gross margins expanded to 63.6% from 61.1%.
Heading into the final quarter, Digerati Technologies is back at record sales levels thanks to new revenue streams. Robust revenue sales should allow the firm to offset revenue loss in Q3 that was hurt by the winding down of the legacy revenue stream.
Following the termination of a proposed merger with Minority Equality Opportunities Acquisition, Inc. (“MEOA”), the focus shifts to unlocking new opportunities and value through acquisitions.