EPOXY Inc (OTCMKTS:EPXY) has been making a spectacular move up recently seeing highs of $0.18 a share before some healthy consolidation just under a dime. Currently moving up again on accelerating volume the stock needs to take out previous highs for confirmation of the next leg up.
On January 26 the Company said it has successfully expanded to New York City with the addition of Empowered Hypnosis Centers. Epoxy has also commenced beta testing in Europe. The Company has begun testing in the UAE (United Arab Emirates) and Germany due to repeated requests and overwhelming interest from the areas. The Company has also been targeting professional business services such as Optometry, Health and Wellness and Technology firms to add to its ever-growing portfolio of clients.
EPXY is the kind of EPIC runner we love to report here; over the past year the stock has run from $0.0045 lows to recent highs well over a dime. The stock seems to be running purely on Company developments and no known promotion.
EPOXY Inc (OTCMKTS:EPXY) is the developer of the Epoxy app, an application or “app” for iPhone iOS and Android operating systems. Epoxy is an innovative smart phone application designed and created to conveniently connect business owners and consumers in order to ease marketing frustrations.
The Epoxy mobile app gives loyal customers the ease of keeping track of rewards and punch cards and the recently added gift card function all in one place while also giving opportunities to review and share businesses with friends. In turn, Epoxy provides businesses the ability to reward customers, share offers, and deliver information about special events with their customers and offer card-less gift cards directly through smart phones. Epoxy designers are dedicated to providing a superior and easy-to-use product for business owners to reward loyal customers.
The shell has been around for years and was incorporated in the State of Nevada on November 13, 2007 as Rioridge Resources Corp. On July 22, 2008, the Company changed its name to Neohydro Technologies Corp before the most recent name change to EPOXY Inc., on August 1, 2014.
In recent news EPXY announced the launch of its new website and sales video designed and produced by Wheat Creative. The new website including new branding has been handled directly by Wheat Creative to help Epoxy better identify to both its users and clients as well as aiding in the potential increase in sales. Wheat Creative has also made a sales video to help better explain Epoxy to new and potential clients and app users. A link to our newly redesigned website, video and Facebook page can be found below.
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After our last look at EPXY Hotstocked wrote an article suggesting we were only focused on the long thesis which could not be farther from the truth. Excepts include: ”The author also describes the number given next to Derivative liabilities as “still very low debt”. Well, it doesn’t appear that EPXY is doing much of anything – how much debt do you expect it to have? Let’s check some numbers that were given in the company’s financial report for Q3 2014:
Cash – $132 thousand
Total Assets – $140 thousand
Total Current Liabilities – $926 thousand
Quarterly Revenue – $10 thousand
Net loss – $75 thousand
As we said – not much is going on here, if the numbers are any indication. While not strictly terrible, the figures are not terribly impressive either, even by the exceedingly low standards of the OTC Markets.”
CEO David Gasparine said “This new branding, website and sales video by the folks at Wheat is truly amazing. It will surely help us become more recognizable to all users of our application and help our logo and message better stand out to the world. As we can better identify to all users, customers and investors, our already unmatched credibility will only go up, thusly increasing sales to new clients and boosting the amount our mobile app is downloaded. With the increase in downloads and introduction of new businesses our revenues will go up not just from the monthly sales but through the use of our gift cards available on the app.”
According to the 10Q EXPY filed on November 19 they have just $132,238 in the treasury as opposed to $790,961 in Derivative liabilities and $928k in total liabilities (still very low debt). To date the Company has minimal revenues.
Back in November EXPY said it had completed adding Carlos’n Charlie’s of Las Vegas to its list of top companies using its mobile application/loyalty card program. Carlos’n Charlie’s is located in the Flamingo Hilton and is part of Grupo Anderson, one of Mexico’s largest restaurant management chains, with over 50 restaurants in the United States, South America and Mexico.
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While single store additions are positive for the young Company things will really take off if they are able to secure a distributer who could get their product out there on the national level.
Currently trading at a $15 million market valuation EPXY has a strong management team behind it with an eye on the bigger picture. The rise of the stock has been nothing short of spectacular with continued support at every new price level achieved. EPXY looks to be in strong hands and is quickly building the type of loyal shareholder base that can drive these pennies skyward. EPXY is a stock to watch.
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Disclosure: we hold no position EPXY either long or short and we have not been compensated for this article.