Studio One Media, Inc. (OTCMKTS:SOMD) is consolidating in the $0.70 range in recent days after a bear raid dropped the stock off its highs of $0.95. This comes after SOMD made a huge run over the past 6 months from under $0.20 to highs near $1.
On November 19 SOMD announced Justin Timberlake has joined the company as an owner. Teaming up alongside music and sound industry’s elite, Justin will play an integral role as AfterMaster prepares its launch into the marketplace, providing revolutionary technology and sound to the digital audio processing world.
Timberlake will join a group of world-class audio engineers and music industry veterans including AfterMaster Co-Founders Larry Ryckman, CEO, and Shelly Yakus, Chief Engineer, who together have developed a revolutionary sound innovation, never before experienced by consumers.
Studio One Media, Inc. (OTCMKTS:SOMD) is a diversified media and technology company with offices in Scottsdale, Arizona and Hollywood, California. Studio One is engaged in the research and development of award winning, proprietary (patents issued and pending), leading-edge audio and video technologies for professional and consumer use.
Studio One subsidiaries and divisions include MyStudio, Inc., AfterMaster HD Audio Labs, Inc. and MyStudio Music.
The big story on Studio One Media is their self-contained, state-of-the-art studio that is credited as being the world’s first interactive, fully automated audio/video recording studio. MyStudio eliminates the high cost and technological barriers inherent in the creation of high quality video productions and the uploading of content onto the Internet. MyStudio’s groundbreaking quality and ease of use opens up a new world of opportunities for the creation of user-generated video content by amateurs and professionals alike.
The portable studio seems to be getting some serious traction as the Company has quickly established strategic partnerships with Simon Cowell’s The X Factor, The Grammy Foundation, Mark Burnett Productions, 19 Entertainment, Back Stage Casting, and Realitywanted.com.
In fact the X Factor is using SOMD MyStudio for their audition booths located in Honolulu, HI, Phoenix, AZ, Nashvile, TN, Anchorage, AK, Kansas City, KS and Denver, CO.
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Another subsidiary of SOMD is AfterMaster HD Audio Labs, Inc; a groundbreaking audio technology originally developed for the mastering, re-mastering and processing of audio. AfterMaster delivers an unparalleled clarity, depth and fullness to audio recordings, while delivering a significant increase in volume without increased distortion or loss of dynamic range. The technology has been utilized by a number of leading musicians seeking to create a fuller and richer sound quality than otherwise available in digital audio.
Back in April SOMD issued their latest press release announcing they had entered into an agreement with ON Semiconductor (Nasdaq: ONNN) to develop integrated circuits (ICs) utilizing Studio One’s award-winning AfterMaster™ audio technology and ON Semiconductor’s DSP product development expertise.
The devices are expected to offer an unprecedented level of audio clarity, depth and loudness for consumer electronic devices such as headphones, televisions, sound bars, computers, home and car stereos, tablets and mobile phones. It is expected that the audio ICs will also be used in a broad number of industrial applications, including business phone systems, police and military radios, intercom systems and many other product categories.
According to SOMD last 10Q the Company reported revenues of $29,160 for the 3 months ended September 30, 2014 as compared to $55,116 for the same period last year. SOMD had $323,000 in the treasury and close to a million in short term payables.
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Conclusion: SOMD has been quietly exploding skywards and besides the fact that the Company has not issued a press release since April and the stock has no investor interest SOMD is fast becoming one of the top traded stocks on the entire bb’s.
It is easy to get excited about SOMD, X Factor has adopted the MyStudio for their auditions. This is huge and it opens the question is Mark Burnett using MyStudio for survivor? that would certainly make sense.
Currently trading at a $60 million market valuation SOMD is taking names and going places; investors are waking up to this runner and wondering how it managed to go so far and stay so quite on no press from the Company. Whatever is pushing SOMD the stock is under serious accumulation and deserves to be on the top of investors watch lists here. Currently consolidating significantly off its recent highs near $1 Investors are hoping for another leg up.
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Disclosure: we hold no position in SOMD either long or short and we have not been compensated for this article.