Eventure Interactive Inc (OTCBB:EVTI) is one sub penny stock that knows how to market itself and keep Investors interested as the stock has consistently remained in the volume leaders for months.
Serious dilution has been the primary culprit for EVTI in the past year pushing the stock price to $0.0007 lows and stifling any chance for a run thus far. Once EVTI is let loose however this one has all the ingredients ready for something big.
Eventure Interactive Inc (OTCBB:EVTI) says Eventure is not just an “App”, it is an end-to-end platform that may be accessed from a web browser to a native Droid or iOS app. Features include: Anonymous Messaging of direct video, audio, and chatting between smart devices. Wish I Was There – a voyeuristic view that allows for real-time sharing and viewing of pics, videos, and messages taken at an event that one cannot attend but was invited to.
I’ll Be There” – relationship status matching that provides an opportunity to leverage “Relationship Statuses” on Facebook to match with those looking to possibly meet-up at an event.
Last year EVTI announced the development of its messenger service, which provides users the ability to form group chats, organize events, access relevant features on smart devices, and stream digital captures back and forth, all via any smart device’s native SMS chat application.
According to its recent Worldwide Quarterly Mobile Phone Tracker 2014 Report, International Data Corporation (IDC) estimates Google’s Android represents 84.7% and Apple’s iOS represents 11.7% of the total smartphone market, which collectively represent 96.4% of the total smartphone marketplace.
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In August EVTI announced an update to the execution of its business plan with highlights of upcoming milestones to keep its shareholders and the investor community informed.
Eventure’s whole product solution is centered on promoting an intentional and controlled environment in which event attendees can optimize their event experience across mobile devices, smart cameras, and games to optimize local event participation and event memories. This is the concept behind “Eventure Everywhere.”
“We continue to be keenly focused on pursuing internal operational goals that compliment the execution and achievement of our business plan,” stated Jason Harvey, Chief Executive Officer of Eventure Interactive, Inc. Mr. Harvey goes on to say, “As the consumer climate continues to evolve, our product development team has been enhancing features to develop a local gathering and sharing solution that best positions us to capture market share.”
Eventure’s Recent Milestones – Eventure’s growth strategy centers on a whole product solution that leverages the Company’s patent #8,769,610, empowering people to plan and connect locally while creating lasting memories. Eventure launched a beta app last year and has been gathering feedback from pilot users to drive enhancements. Since then, the company has accomplished a number of operational milestones and upgrades to help the platform power mobile devices and connect to various camera technologies for the purpose of optimizing local event participation.
On November 9 EVTI announced it has launched Eventure Wallet to expand the existing Eventure social calendaring platform into the highly lucrative gift card industry. Eventure Wallet allows consumers to upload and store physical and e-gift cards to mobile smart devices for convenient access and usage. Eventure Wallet can be found on Google Play for the Android mobile market and has been submitted to the iTunes App Store for the iPhone mobile market.
CEO Jason Harvey said “The launch of Eventure Wallet is an operational milestone that we are thrilled to surpass. The multi-billion dollar gift card industry represents a meaningful opportunity for Eventure, as physical and e-gift cards continue to be preferred gifts at social events like birthdays, weddings and graduations. In addition, smart devices continue to gain traction at point of sale check out which creates significant transactional and advertising revenue opportunities for the Company as we work to generate self-sufficient cash flow,” continued Mr. Harvey.
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Currently trading at a hard to define market valuation as the OS balloons EVTI has transformed into a volume leader on the bb’s. According to the 10Q from August 19, EVTI has under $100k in assets and $3.2 million in debt that continues to convert into fresh blocks of stock. at the same time EVTI is an exciting story developing in small caps; the Company has an exciting product, is making some big moves and has managed to attract a massive shareholder base who continue to buy more. Once conversions end this one has all the ingredients in place for something big. We will be updating on EVTI on a daily basis so make sure you are subscribed to microcapdaily.com so you know what is going on with EVTI.
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Disclosure: we hold no position in EVTI either long or short and we have not been compensated for this article.