One of the best ways to discover the latest penny stocks in the market is perhaps by checking out those stocks that may have hit the radars of investors. Let’s take a closer look at four penny stocks that have come to the attention of investors in recent days, carrying waves of momentum with them.
Epazz Inc. (OTC:EPAZ) is sending shockwaves as a mission-critical provider of drone technology. The company is the subject of renewed attention, as evidenced by a high turnover of traded shares as its game-changing drone technology remains the talk of the town. The latest tailwind is the confirmation on September 26 of a new unit that will seek to strengthen the company’s push for drone opportunities in Germany.
The company’s wholly-owned subsidiary, ZenaDrone, has formed ZenaDrone GmbH, a German corporation focusing on showcasing the company’s drone technology in European nations. Expansion into Germany comes with the company making its ZenaDrone 1000 technology available in Ireland.
“We are thrilled to introduce ZenaDrone GmbH and showcase our innovative drone technology in Germany,” said Shaun Passley, CEO of Epazz and ZenaDrone. “With this strategic move, we have the opportunity to not only expand our footprint in Europe but also demonstrate our capabilities to a wider audience.”
In Germany, ZenaDrone GmbH is to focus on converting leads from the AERO trade show into demonstrations. In April, the company showcased its ZenaDrone 1000 technology at the AERO General Aviation Conventions, leading to multiple demonstrations with NATO partner countries. The formation of the unit opens the door for Epazz to tap into the thriving European drone market that is in need of new and reliable solutions.
ZenaDrone 1000 technology continues to elicit strong interest in being designed for industrial and commercial applications. It comes with a high-resolution camera and a powerful processor, making it ideal for aerial photography, surveying, mapping, and other specialized tasks. The drone also comes equipped with advanced safety features, including an emergency landing system and obstacle avoidance capabilities.
The advanced features and capabilities are the catalyst behind strong interest from government agencies in the US. On September 21, Epazz confirmed it was preparing for a series of demonstrations of the drone’s capabilities, with the US Navy presenting a unique opportunity to demonstrate the drone’s capabilities in real-world conditions.
The strong interest from the US Navy and the US Army has prompted the company to pursue the necessary certifications and licenses as it seeks to become a defense contractor. The company is also working on signing pilot programs with the US Air Force.
On September 20, ZenaDrone inked a strategic partnership with Thunder Tiger Corp. The Taiwanese defense contractor agreed to sell the company’s drone technology to the Taiwan government. In August, the company also confirmed it has reached a new level of ZenaDrone 1000 and has started signing up government security agencies for the deployment of the technology.
The company has also set sights on opportunities on the global scene, having already set sights on drone opportunities in Brazil. On August 24, it announced it was finalizing a joint venture in Brazil as it sought to establish a facility and infrastructure for ZenaDrone 1000 operations. Expansion into Brazil comes with over 25 esteemed Brazilian organizations showing interest in technology.
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Xeriant Inc. (OTC:XERI) operates in the form of a holding operating company that is focused on the commercialization, development, and discovery of advanced materials as well as technology. The materials and technology are meant for advanced spacecraft and aircraft, which could be commercialized and integrated successfully into a range of industrial sectors.
On September 19, Xeriant Inc. was in the news after it announced that it had released videos from the test sample production run that demonstrated the fire resistance and strength of its product, Nexboard. The product is a green composite, high-performance building panel manufactured mainly from plastic and cellulose fiber waste products like cardboard. The test performance had taken place the previous week.
“We are pleased with last week’s successful production and internal testing of these new NEXBOARD samples and are confident these panels will meet certification requirements and be well-received by the construction industry as they begin to incorporate more sustainable building systems and materials. The testing agencies have informed us that the certifications could be completed within the next few weeks following receipt of the samples. NEXBOARD and our DUREVER brand next-generation building products promise to transform the industry,” commented Keith Duffy, CEO of Xeriant.
The company revealed that the sample boards that had been part of the testing would be sent to testing agencies for third-party certification. Additionally, it would also be sent to construction firms and important homebuilders who may be interested in using Nexboard in their projects. It would be a significant step since it would be the precursor to the signing of sales agreements with construction firms and homebuilders.
The construction industry participants are increasingly moving towards green building materials so as to promote the circular economy. It has been forecast that the trend will only become more widespread as more and more green materials become commercially available.
Xeriant also revealed that in the previous week, it had engaged the services of the two leading materials testing agencies to perform a number of mechanical and physical tests that were up to industry standards. That included the NFPA 286 ‘room corner’ test. The YouTube videos released by Xeriant showed two internal tests. One was a five-minute flame test, and the other was a fastener pull-through test. The latest Nexboard samples had been used for the tests.
iQSTEL Inc. (OTC:IQST) is currently preparing for a listing on NASDAQ, having projected revenues of $120 million in the 2023 financial year. On September 13, the company revealed that it had executed a term sheet with the firm LDA Capital for a sum of $10 million. The deal was part of iQSTEL Inc.’s plan to uplist on the NASDAQ Capital Market.
The company is a high-growth, advanced telecom company involved in making access to news, communications, and general information ubiquitous. It also seeks to provide access to clean mobility and financial services to people irrespective of their gender, religion, race, identity, socioeconomic status, or religion. Last year, iQSTEL Inc. reported revenues of $93.2 million and noted that it was on course to either meet or surpass its revenue forecast of $120 million for the 2023 financial year.
“We greatly appreciate the confidence LDA Capital has shown for iQSTEL’s track record, management team, and business plan,” said Leandro Iglesias, CEO of iQSTEL.
LDA Capital is involved in the alternative investment space and specializes in sophisticated transactions across borders. Its management team boasts a proven track record, which includes in excess of 250 transactions in both the private and public markets. Through a new partnership, the firm recently launched a fund worth $2 billion to make investments specific to regions in pre-IPO companies with high growth and publicly listed companies.
In the news release, iQSTEL also revealed that the term sheet was not actually binding on both parties and that an investment may be made following the execution of certain documents. There was no guarantee that the investment would be made. As per the provisions in the term sheet, the investment of $10 million would be made in a pair of tranches. Ahead of the potential NASDAQ listing, the first $5 million would be provided in lieu of a 24-month bond.
Mike The Pike Productions Inc. (OTC: MIKP) operates through its subsidiary unit, Arowana Media Holdings Inc., which is a fan-owned entertainment studio. Mike The Pike Productions Inc. is focused on intellectual property acquisitions, production, and development. It seeks to create a varied portfolio meant for the entertainment marketplace.
On August 29, the company was in the news after it announced that Brandon Milostan, a renowned dealmaker, had been secured to represent Mike The Pike Productions/Arowana as entertainment counsel. Milostan is a member of the entertainment group that belongs to Greenberg Gluker.
As part of that group, he is responsible for representing a number of established as well as emerging actors, directors, producers, influencers, financiers, musicians, and distribution and production firms. He primarily works on television, theatrical motion pictures, and SVOD deals. Milostan leverages his deep knowledge of the highly dynamic and evolving industry to help his clients.
Milostan had been ranked in the top 12 in his law school class and had also been the Masin Family Academic Excellence Gold Award winner five times. He had completed both his undergraduate and law education at UCLA. He had also been featured in the Dealmaker’s Impact Report in 2021 and 2022 by Variety and was earmarked as one of the 2024 Best Lawyers to Watch.
His expertise would be of significant help to Mike The Pike Productions as it looks to optimize its opportunities across a range of mediums. Additionally, the company had also been working hard on its objective to uplist to the OTCQB, and a part of that would also include a 15c211. The company would also explore other avenues for boosting value for its shareholders.
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