Ubiquitech Software Corp (OTCMKTS:UBQU) shares dipped 5% to $0.00950 and were unchanged in after-hours trading. Share prices have been trading in a 52-week range of $0.01 to $0.04. The company has a market cap of $3.80 million at 400.31 million shares outstanding.
In a press release, Ubiquitech Software Corp shared that it will enter into the booming cryptocurrency industry with its newest division under development called CryptoBuy.com.
The company expects to deliver a large share of the industry with a full-service website and a mobile app that will be capable of giving cryptocurrency quotes in its simplest form, but also offer membership accounts with the most dynamic charting software for all cryptocurrencies listed in dozens of exchanges.
“We now plan to do in the Cryptocurrency world what we have done in the Hemp world, and that is develop a Company that is capable of being profitable and growing right out of the gate. We already have the talent and know how within our organization and this new division will be a great boost to our Company,” said Ubiquitech Software Corp CEO James Ballas.
“Cryptocurrency is growing and currencies like BitCoin are paving the way. Through CryptoBuy.com we intend to develop the state of the art platform for new and experienced cryptocurrency investors. With over 830 current cryptocurrencies available to trade, there is a definite need and a gap in the marketplace for the bundled research, charting, portfolio tracking, and education services a trader needs to maximize their investments,” added COO Luke Dreyer.
Ubiquitech Software Corp is a company that is engaged in the sale of dual subscriber identity module, dual-telephone-number mobile phone solutions with no contract, pre-paid unlimited text and voice. This allows the consumer to have two telephone numbers ring to a single phone.
Through its subsidiary, Blue Crush Marketing Group, the company also markets a Blue Crush Monetization System, which consists of Internet technologies along with other online advertising methods. BCMG also offers Blue Crush Connect, a social media portal that connects its customers to its Websites, brands and offers.
Another subsidiary Hemp Life Today offers CannazALL, a canabidiol oil made from domestically grown hemp. The company is also engaged in the development of FusionFundraiser, a mobile application to allow traditional fundraisers for schools, clubs, organizations, sports teams and others to access a mobile application.