Ubiquitech Software Corp. (OTC:UQBU) Stock Gains Momentum: But Why?

On Wednesday, Ubiquitech Software Corp. (OTC:UQBU) was one of the companies to hit the newswires in a big way after it emerged that the company had made a move into the lucrative healthcare industry. The company accomplished the strategic move after it managed to ink a letter of intent with regards to the acquisition of the assets and businesses of Innovative Outcomes Inc.

Innovative Outcomes is one of the major players in the wound care industry. It is committed to providing support to healthcare providers so that patients always get access to effective wound care supplies. Concurrently, Innovative Outcomes also looks to empower healthcare providers by way of media-based technologies, which could go a long way in boosting wound healing outcomes. It would function as a fully owned subsidiary unit of Ubiquitech Software. In that capacity, it would be engaged in deploying its resources for the expansion of the client base, the development of innovative offerings, and to provide its services to millions who may be in need of key services.

James Ballas, the Chief Executive Officer of Ubiquitech Software Corp., spoke about the development as well. He noted that since the company had made an announcement to the effect, it had been looking diligently into companies that it could acquire. Ballas stated that the team at Ubiquitech Software Corp. had been suitably impressed with the sort of expansion and growth that had been seen at Innovative Outcomes.

The growth of the acquisition target in the wound care industry and more could eventually help unlock significant value for the shareholders. He concluded by stating that the potential for expansion and growth was now on the horizon. Considering the comments from the company’s CEO, it is going to be interesting to see if the Ubiquitech Software Corp. stock manages to gain any traction today.