Nfusz Inc (OTCMKTS:FUSZ) shares tumbled 18.92% to $0.150 on Monday and were unchanged in after-hours trading. Share prices have been trading in a 52-week range of $0.05 to $0.51. The company has a market cap of $15.55 million at 103.64 million shares outstanding.
In a press release, Nfusz Inc announced that Mohammad Amanullah, nFusz’s Director of Broadcast & Government Applications, will attend the 64th Annual Texas Association of Broadcasters Convention & Trade Show on August 9-10 in Austin, Texas.
This event gathers more than 40 industry experts, including Amazon, Google and YouTube executives, will meet to share exclusive insights into new initiatives, and showcase innovative strategies. It is is comprised of a two-day event with 124 trade-show style booths, 30 different programs, and an array of speakers covering a wide range of industry topics.
“I’m delighted to introduce nFusz and our Interactive Broadcast And Streaming Video Products to such noteworthy industry experts,” remarked Amanullah. It marks one of the many initiatives Amanullah has planned this year as new head of the company’s interactive broadcast and streaming video product strategy for its NOTIFI technology.
NOTIFI places interactive video front and center in all customer and prospect communications. Nfusz Inc re-invented what a CRM, lead-gen tool should be in today’s video-centric business and social environment. Its live broadcast interactive video platform will redefine what ‘engagement’ means in consumer video consumption.
Nfusz Inc is focusing on the manufacture and operation of Internet-connected, kiosk-sized, audio-video recording studios, branded and marketed under the name of bBooth, which are integrated into a social media, messaging, gaming, music streaming and video sharing application.
The company’s business has evolved from one-based mainly on its mall-based bBooth kiosks and mobile applications, focused on talent discovery, to a cloud-based, enterprise level platform, tentatively branded as NOTIFI, developed to address markets that includes corporate users, consumer brands and media companies, among others, seeking internal and external messaging and communications capabilities.
Offered through bBoothTech, the company’s technology licensing division, the NOTIFI platform is a fully integrated mobile, desktop and Web-based application, with back-end administration and data collection capabilities. It has not generated any revenues.