Ubiquitech Software Corp (OTCMKTS:UBQU) shares were up 15.38% to $0.0315 and were flat in after-hours trading. Share prices have been trading in a 52-week range of $0.01 to $0.05. The company has a market cap of $5.37 million at 185.31 million shares outstanding.
In a press release, Ubiquitech Software Corp announced its first quarter 2017 financial results and reported that revenues for the period increased to $1,103,766 from $697,640 from the prior year period and that earnings increased to $113,929 from $34,350 during the first quarter of 2016.
“We are continuing to see an explosion in the awareness and acceptance of the benefits of CBD as a whole,” said James Ballas, CEO of Ubiquitech Software Corp. “As word about the quality and effectiveness of our products continues to spread, our CannazALL™ brand is rapidly becoming the CBD oil nutraceutical of choice and we are doing everything necessary to benefit from this awareness and continue our quarterly growth.”
The company credits its growth to continued awareness of the benefits of CBD oil derived from hemp, increased exposure and demand for its USA grown and formulated CannazALL brand hemp CBD products, new product offerings, strong web presence, superior customer service, and the implementation of its Rapid Ship program for the increase in sales and profits. It also anticipates continued sales increases along this trend-line for the balance of 2017.
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. This 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. 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.
Hemp Life Today offers CannazALL, a canabidiol (CBD) oil made from domestically grown hemp. This was created by a group of highly motivated, skilled and health minded people. Who have learned that Hemp, and Hemp related products, can be a great source of increased health, vitality, and overall wellbeing.