Saddle Ranch Media Inc. (OTC:SRMX) Stock On Watchlist After Latest News
Every morning, investors are on the lookout for the next big thing from among stocks, and one of those that could be looked into this morning is Saddle Ranch Media Inc. (OTC:SRMX). On Monday, the company entered the news cycle after its subsidiary Tri Cascade Inc. announced that its TRITOM GX500C 5G modem had been certified by the telecom giant T-Mobile.
In this context, it was noted by the company in the news release that the TRITOM GX500C 5G Modem offered a plug-and-play system with a compact design for providing the best IoT (internet of things) connectivity. The modem was described as being of industrial grade, which allowed the users to link to the internet from anywhere. The modem also offers lightning-fast uplink and downlink speeds in addition to low latency.
Such a state of affairs would provide businesses with a high-powered connection to go about their necessary online duties and communications. The USB connector of the modem is compatible with Linux, MAC OS, and Windows-powered notebooks, computers, and other embedded devices with USB 3.0 ports. Saddle Ranch stated that the data rates could touch as much as 2 GB/s downlink and 211 MB/s uplink in high-speed connectivity.
The company revealed that the TRITOM GX500C 5G Modem could be plugged in simply to an USB port, and the drivers, which are self-installing by nature, would thrive into action automatically so as to provide connectivity. The modem is not only compatible with 5G but can also adapt to 4G connectivity if necessary. It was noted that the company aimed to release the TRITOM GX500C 5G Modem sometime in the first fiscal quarter of 2024 through its tried and tested distribution and sales channels with NewEgg, Walmart, and Amazon.
Saddle Ranch was in focus on October 16 after it announced that it had been successful in picking up a majority stake in Allied Rich LLC. The acquisition had gone into effect on October 1, 2023. Allied Rich was established in 2008, and since then it has managed to create major relationships with a number of offshore companies. The company imports a large number of kitchen products from those offshore companies for the purpose of wholesale sales, with payment guarantees and support from a network of United States-based retailers.
Allied Rich is based out of Chicago and managed by Bob McGeeney, and the company managed to generate gross revenues to the tune of $1.5 million on an annual basis. In this context, it ought to be noted that, through the ownership of Tri Cascade, Saddle Ranch is already working on speeding up its move into the smart home device space. Due to such a state of affairs, it would then enable Allied Rich to expand its line of products to also include smart devices that would help consumers monitor, manage, and control their range of kitchen appliances remotely. The transaction did not involve any cash elements and was concluded entirely in exchange for Saddle Ranch restricted common shares.