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Wednesday, October 5, 2022

The Score on Changing Technologies Inc (OTCBB:CHGT)

Changing Technologies Inc (OTCBB:CHGT) is moving steadily lower in recent day on decelerating volume and is nearing its all-time lows of $0.1625.

In May the Company said it could hold the answer for smaller manufacturers’ vexing capacity problems via their revolutionary 3D printing portal. CHGT’s portal, now nearing release, would enable smaller manufacturers to seamlessly connect online with reputable and reliable 3D printing companies looking for content to print.

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.

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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.

Last year CHGT announced ‘CHGT CEO Expects Retail Factor to Boost Thriving 3D Printer Materials and Services Market, Forecasts of $10 Billion – CHGT Omar T. Durham says the demand for 3D printer materials and services, a sector forecast to reach $10 billion by 2018, is likely to exceed expectations as the technology moves into the mainstream and becomes readily available to consumers in retail environments.

Mr. Durham went on to say “As more consumers and businesses become familiar with the cutting-edge advantages 3D printing technology offers and are given easier access through mainstream environments, like retail, the market for services is surely going to shatter expectations,” Durham said. “CHGT not only expects the demand for 3D printing services to continue to escalate as analysts predict, but we also expect to capitalize on this booming market segment by continuing to explore new 3D printing innovations, secure strategic partnerships and revolutionize on-demand for consumers in a variety of environments.”

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 March 30, CHGT announced it will begin in-house beta testing for its cutting-edge 3D printing Portal. The Company seeks to foster a worldwide online community of 3D printing users and services.

CHGT CEO Omar Durham said “We’re thrilled to start in-house testing because it brings us one step closer to the public debut of the Portal. Our Portal will be a one-stop shop that will revolutionize the 3D printing sector by bringing 3D printing to everyone who seeks it, be it a minor hobby or serious, heavy-duty printing job. This will launch 3D printing into the community marketplace and provide equal access to all.”

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Currently trading at a $22 million market valuation CHGT has minimal assets and no revenues to date. But the stock continues to move higher on accelerating volume since reversing off $0.16 lows. 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.

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