Sixty-Six Oilfield Services Inc. (OTC:SSOF) Stock Extends Rally: What’s the Buzz?
As the trading week continues to chug along, investors are going to be continuously on the lookout for stocks that could be worth adding to their watch lists. One of the companies that could well be worth tracking at this point in time is Sixty-Six Oilfield Services Inc. (OTC:SSOF). The company was in the news cycle on Wednesday after it announced that it had signed a letter of intent pertaining to the acquisition of Domani Brands.
The Chief Executive Officer of Sixty-Six Oilfield Services, Daniel Sobolewski, made the announcement. He stated that Domani Brands had been the brainchild of Martin Ustin, a highly successful spirits entrepreneur. In the news release, Sixty-Six Oilfield Services noted that Donami had been formed in the form of a Florida corporation. It operates as an incubation studio for the purpose of housing artisan distillers and graphic artists involved in refining distillery science, marketing, and branding.
Martin Ustin spoke about Domani Brands as well in the news release. He noted that Domani was involved in the specific expertise necessary to be a private labeling company. It boasts illustration and design artists who have won awards and handcrafted recipes and products. All of that is then topped up with precise marketing partnerships. He went on to note that the initial goal of Domani Brands was to offer limited runs in the Distilled Spirits space. Martin Ustin holds degrees in both engineering and law, and in a career spanning four decades, his experience spans a range of industries.
Some of those include product and production designs, marketing, distribution, manufacturing, sales, and legal practice. Soboleswki, the CEO of Sixty-Six Oilfield Services, noted that the goal of the company was to develop and invest in businesses that would be complementary to its overall portfolio. The last model had been designed for the purpose of growing and preserving shareholder equity. He went on to note that the model would also provide financial stability to investors and employees.
The company had also been in focus on August 29 after it announced its first acquisition in the technology space through the acquisition of TraderJaxs, an affiliate marketing ‘Direct to Consumer’ website. It was noted at the time that the site was going to be launched on October 15, 2023. At the time, Sobolewski stated that the move from Sixty-Six Oilfield Services was a strategic one aimed at boosting its digital presence and also improving its chances of being in the eCommerce affiliate marketing direct-to-customer industry.
Additionally, he noted that he was thrilled to have been able to team up with Solomon McCluster, who was described as a well-known player in the related industry. In the news release, the company acknowledged the fact that McCluster had a manager to create a strong reputation for his innovative strategies, ability to build high-performance affiliate networks, and ability to drive revenues through partnerships. All those skills were described as invaluable by Sixty-Six Oilfield Services in the press release at the time.
