Changing Technologies Inc (OTCBB:CHGT) is making a highly explosive move up on some big volume after a flurry of exciting press coming from the Company. The stock recently reversed off $0.022 lows and has transformed into a volume leader in recent weeks.
CHGT was incorporated in Florida in 2013 and initially made a spectacular move up before coming right back down to where it started and affecting a 5 for 1 reverse split in August 2013.
Changing Technologies Inc (OTCBB:CHGT) or as they like to say “ChangingTechno” – came to life in an era where personal performance and health data is driving a revolution of applications, information, and technology. ChangingTechno derived its purpose from the need to explore and offer apps primarily focused on improving personal and business productivity and health and fitness monitoring.
The iPhone industry and apps have boomed. This growing market opens unique opportunities to connect individuals with experiences that can improve the lifestyle and longevity. As of now there are over 1,250,000 approved apps in the app store making it a lucrative market for the smartphone users, developers, and brands. CHGT mission is simple – build apps that people will use and that companies can monetize.
The Company is based in Texas with a team of industry-proven gurus made up of user-interface (UI) experts, certified project managers, user experience (UX) engineers, and skilled developers working under one banner: change the reality of smartphones into an engagement platform.
CHGT recently said it hasn’t gotten a star on the Hollywood Walk of Fame yet, but it has picked up additional 3D modeling and printing work, continuing its foray into the movie business. The company will now be working on 3D props to be used in an independent short film.
“The film will feature a dynamic, caped superhero,” said CHGT CEO Marco Valenzuela. “However, the hero doesn’t have a 3D printer in his arsenal, so we’re going to give him a helping hand with his on-screen battle against crime. We’ll be doing 3D modeling and printing several key props. We’re starting to build quite a portfolio and gaining notice in the film community. This market should provide a steady pipeline of work as our reputation grows.”
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CHGT subsidiary 6th Dimension Technologies (6D3D) will be offering high-quality, professional-grade on-demand 3D printed items at its retail kiosks. Currently a technology not easily accessible to mainstream consumers, 6D3D users will be able to customize items such as arts and crafts, jewelry, mobile phone cases, figurines and licensed miniatures with groundbreaking personalization options.
On February 11 CHGT announced it is negotiating with another 3D design and printing firm to cooperate on a variety of specialty projects, potentially giving CHGT access to more customers and opening a revenue stream for the company.
CHGT would bring its several specific capabilities to the proposed partnership. These include detailed preparation of laser scan data for modeling and/or printing as well as highly specialized skills involving artistic and sculptural 3D work. CHGT’s experience with the artistic community through consulting and its revolutionary online portal should prove especially valuable.
CEO Marco Valenzuela said “This could prove to be a perfect pairing to take advantage of 3D printing’s stunning growth. Our potential partner offers a limited range of services, so they’re eagerly looking for someone that can deliver the skills and capabilities they lack, which is where we would come in. Combined, the two companies can blend a complimentary set of services that can draw in more customers and revenues for each firm. Talks are continuing, but we’ve identified a number of design and printing areas where we can help each other.”
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Currently trading at a $22 million market valuation CHGT has minimal assets and no revenues to date. But this is an exciting story in small caps; the Company is an early innovator in the booming 3D printing sector and has been on the rampage in recent weeks with a flurry of big press that has catapulted the stock higher. We will be updating on CHGT when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with CHGT.
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Disclosure: we hold no position in CHGT either long or short and we have not been compensated for this article.