Ubiquitech Software Corp (OTCMKTS:UBQU) shares rose 14.74% to $0.0218 then dipped 6.11% to $0.0205 in after-hours trading on Thursday. Share prices have been trading in a 52-week range of $0.01 to $0.05. The company has a market cap of $4.19 million at 185.31 million shares outstanding.
In a press release, Ubiquitech Software Corp gave its 2017 fiscal year guidance and announced that it anticipates that revenues for the year ending November 30, 2017 will increase over 55% from $3,493,113 reported in the year ago period to approximately $5,450,000.
“We are very pleased with the progress we have made and we will continue to do everything within our power to keep our company relevant and growing,” said James Ballas, CEO of Ubuiqitech Software Corp. “With the quality of our products, our marketing, customer support and satisfaction, and our dynamic thinking, we will continue this growth through 2017 and into 2018, which we are already planning big things for, and this is the thinking that will take our revenues to even higher gains as we continue. It’s a very exciting industry and we don’t plan to stop until the CannazALL brand is a household word.”
“With the wide footprint we have on the Internet and the amount of industry content about us that is also growing, we have the ability to grow while also protecting revenue,” adds Tim Zorn, President of Ubiquitech Software Corp. “This allows us to strategically spend advertising dollars where we get the best results and is why our cost per customer acquisition is down by over 90% since last year. Steady sales and profitability is what we always strive for.”
The company based this guidance on strong internal first quarter numbers and the continuance of that trend during March of this year. It continues to gain increased exposure of its HempLife Today product line, develop new and improved products, and spread the word regarding the benefits of CBD Hemp derived products available.
Ubiquitech Software Corp is a company that is engaged in the sale of dual subscriber identity module (SIM), dual-telephone-number mobile phone solutions with no contract, pre-paid unlimited text and voice. The company’s dual SIM feature allows the consumer to have two telephone numbers ring to a single phone.
The company, through its subsidiary, Blue Crush Marketing Group (BCMG), 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. Its other subsidiary Hemp Life Today offers CannazALL, a canabidiol (CBD) 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.