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Todays Stock Spotlight is FORCE PROTN VIDEO(OTCMKTS:FPVD)

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FORCE PROTN VIDEO(OTCMKTS:FPVD) is one volatile penny stock that has transformed into one of the top traded stocks on the entire exchange in recent weeks. The stock hit the bb’s in July and exploded to highs of $44.80 before coming right back down to where it started. After falling back down to $1 on October 1 FPVD has been steadily rising on fast accelerating volume.

The stock was incorporated on March 11, 2011, under the laws of the State of Florida for the purpose of providing an online marketplace for artwork created by German artist Reinhold Mackenroth on the internet. On February 1, 2015 the Company changed its name to its current name, Forced Protection Video Corporation.

FORCE PROTN VIDEO(OTCMKTS:FPVD) supplies on the body HD video cameras to law enforcement and Military. Force Protection Video has over 30 years of experience in supplying state of the art video and audio equipment to law enforcement.

In May the Company announced its entry into the on the body video law enforcement market with the LE10 camera System. The LE10 is a small body worn high definition (HD) camera which is half the size and half the price ($195.00) of most law enforcement cameras currently available.

The LE10 is rich with features such as still picture ability 8MP, WIFI, 4x zoom and audio recording. The LE10 does not require special software or expensive storage contracts. The video files can quickly be downloaded into a standard Law Enforcement case file and the micro SD cards are sealed in the provided static evidence bags and then securely stored in the department’s evidence locker.

The Force Protection Video LE10 kit is an all-inclusive camera system. Everything to begin recording and preserving the recording is with the camera system. The process of storing evidence at a department has been used for hundreds of years. The original SD cards from our cameras are stored in supplied static evidence bags after copies are made for prosecutors and defense lawyers. There is no per month fee to store the video.

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In June the Company said it has received multiple orders for the LE10 camera System. The LE10 is a small bodyworn high definition (HD) camera which is half the size and half the price ($195.00) of most law enforcement cameras currently available. The LE10 is rich with features such as still picture ability 8MP, WIFI, 4x zoom and audio recording. The LE10 does not require special software or expensive storage contracts. The video files can quickly be downloaded into a standard law enforcement case file and the micro SD cards are sealed in the provided static evidence bags and then securely stored in the department’s evidence locker.

In September FPVD said the LE10 on the body camera has been chosen over several other manufactures in a 30 day test and evaluation by a Northern California Police Department. The key positive feedback comments from the Department were size, video quality and pricing.

Force Protection has also received multiple reorders from Police Departments in Tennessee and District Attorneys’ Offices in Louisiana.

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Currently trading at a $33 million market valuation FPVD has minimal assets or revenues and fast rising short term debt. The stock being liquidated into this promotion campaign are likely coming from a number of private placements affected earlier this year; in one investors acquired 500,000 shares of FPVD at just $0.10 a share according to filings. FPVD has all the markings of a major league stock promotion in its early stages and we will continue to update as new events unfold. Short term FPVD could easily see big moves from current levels, long term the stock has no fundamentals and could drip big once the promo dollars run out. We will be updating on FPVD when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with FPVD.

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

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