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Saturday, September 24, 2022

Phoenix Rising Companies (OTCMKTS: PRCX) Big Move as M&A Player Acquires Emvera Technologies, adds to Admall, Tieshan Oil Acquisitions

Phoenix Rising Companies (OTCMKTS: PRCX) is making an explosive move up the charts in recent days on a massive surge of volume. The stock had been baselined in the double zeroes after several months of declines, after trading in the $0.10 level this time last year. PRCX took off a day after the Company announced it has acquired 100% ownership of Emvera Technologies, LLC,. After topping out just under a penny the stock is forming a new base at $0.005. As stated on OTCMarkets PRCX has a tiny market valuation of just $1.8 million with OS at 347,633,787, there are 69,082,342 restricted shares leaving just 278,551,445 valued at around $1.4 million. As per the latest 10k the Company issued 73 million shares and whipped out $242 in debt however these have a legend (restricted) and won’t affect current trading. Even with the additional 73 million shares PRCX trades at a tiny $2.2 million market valuation with 144 million of OS restricted and can’t be traded. PRCX which used to trade under the RSSV symbol which we reported on, is a revenues powerhouse reporting $13.4 million in sales in 2021. 

PRCX has seen massive growth through acquisition acquiring Tieshan Oil, an intermediary broker of methyl tert-butyl ether, mineral oil, paraffin oil, and other chemical products. Admall; a provider of nutrition consultancy services and training that sells health, nutrition, and supplement products through an online store. Most recently the acquired Emvera Technologies, LLC, based in the greater Atlanta area. Founded in 2012, Emvera is focused on distributing various lines of aesthetic medical devices, including state-of- the-art lasers and energy-based systems. PRCX is an SEC filer that recently filed its 10k reporting $13,430,991 in sales for the year ended, December 31, 2021. 

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Phoenix Rising Companies (OTCMKTS: PRCX) is a strategic acquisition and development holding company with a global focus. The Company, previously known as RSSV builds its asset base through targeted acquisitions of both operational companies and innovative technologies. The Company seeks to expand its operations through investment capital and business model refinement. 

Phoenix Rising’s subsidiary Tieshan Oil acquires a variety of chemical products and compounds that are extracted and processed from crude oil and hydrocarbons. Tieshan Oil acts as an intermediary broker of methyl tert-butyl ether, mineral oil, paraffin oil, petrolatum liquids, alcohol based liquid fuel, trimethylpentane, pentane foamer, natural gasoline, xylene dimethylbenzene, aromatics solvent, and other chemical products and compounds. It identifies sources of supply and purchasers of these chemical products and compounds, and Tieshan Oil principally engages in the trading of these oil, gas and lubricant products within the PRC. Since its incorporation, Tieshan Oil has had a number of clients for these brokered products, including two gasoline operators in China, YanDongPetrol Group and YanDon Hao Teng. All of its clients are licensed gasoline operators. While this is a dynamic market, subject to fluctuations and unexpected changes brought on by a variety of political and market matters, Tieshan Oil has successfully managed the impact of these factors and remains an important part of the oil refining industry in Beijing, PRC. 

Another Phoenix Rising portfolio Company is Admall; a provider of nutrition consultancy services and training. Admall also sells health, nutrition, and supplement products through an online store. Headquartered in Malaysia, Admall provides its services and sells its products in Southeast Asia, China, Hong Kong, Taiwan, and Korea. Utilizing technology, Admall delivers its services and sells its products via internet and e-commerce applications. Admall’s services include personal training, life coaching, and total life enhancement programmes, all centered around its “BE the BEST” platform. Admall has partnered with educational institutions, e-commerce platforms, nutritional development groups, and wellness service providers to expand the marketing and delivery of its services, training, and product sales. 

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PRCX

The Company is led by CEO DS Chang, a Frenchman, started his professional career over 25 years ago working for one of the top 20 firms in France. Later he had a very successful 16 years within the IT industry, acting as a financial specialist and long-term Corporate Director. In 2013, DS Chang became the Vice-Chairman at a French financial group, a listing sponsor for NYSE-Euronext. His clients included companies from different countries across the globe

PRCX took off a day after the Company announced it has acquired 100% ownership of Emvera Technologies, LLC, based in the greater Atlanta area. Founded in 2012, Emvera is focused on distributing various lines of aesthetic medical devices, including state-of- the-art lasers and energy-based systems. The market for aesthetic or “vanity” treatments is growing steadily year over year. According to Grandview Research, the US market size in 2021 was $53.8 Billion USD, with a predicted compound annual growth rate of 15.2% annually through at least 2030. Emvera’s customers include doctors, medical professionals and aesthetic practitioners who acquire the devices for use in a variety of treatments such as skin resurfacing, skin renewal and hair removal. 

Emvera offers attractive financing options for their customers, with industry-leading transferable warranties, trade-in programs and reasonably priced consumables. Following years of profitable operations, the worldwide pandemic had a negative impact on Emvera’s business for the prior two years. However, this has also created opportunities for Emvera, including pending strategic alliances which it has been pursing during the last six months. In addition, sales and activity in the industry are starting to return to pre-pandemic levels. 

In addition to the Emvera acquisition, Phoenix continues to press forward with R&D projects and additional acquisitions, with an eye towards developing Western hemisphere subsidiaries and divisions which hold the promise growth, sustainability and profitability. 

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Currently trading at a $2.2 million market valuation PRCX is fully reporting OTCQB and just filed its 10k on March 31 on time. This is about the lowest priced fully reporting OTCQB I have seen in a while. They also have $9.3 in accounts receivable, $7.7 million in inventory and over $19 million in assets vs. $13 million in liabilities. Now that PRCX has the attention of a growing number of small cap investors there is not telling how high it can go unless they start to dilute it. PRCX took off a day after the Company announced it has acquired 100% ownership of Emvera Technologies, LLC. Management says they are pressing forward with R&D projects and additional acquisitions, with an eye towards developing Western hemisphere subsidiaries and divisions which hold the promise growth, sustainability and profitability. PRCX which used to trade under the RSSV symbol which we reported on, is a revenues powerhouse reporting $13.4 million in sales in 2021.  We will be updating on PRCX when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with PRCX.

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Disclosure: we hold no position in PRCX either long or short and we have not been compensated for this article.

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