Adaiah Distribution Inc (OTCMKTS: ADAD)
Adaiah Distribution Inc (OTCMKTS:ADAD) has moved to diversify its revenue stream with the unveiling of the Save Your Planet Kids app for both the iOS and Android platforms. The new app is part of a number of assets that the company acquired as part of its Asset Purchase Agreement with 3D Pioneer Systems.
Save Your Planet kid’s App
The Save Your Planet kid’s app is an eco-educational game, specifically designed for kids. Globally reviewed, the gaming app comes with amazing 3D graphics as well soft music that should keep children engaged.
“Save Your Planet Kids” teaches children methods to save or conserve valuable natural resources, like electricity and water, and helps develop an eco-friendly consciousness. “It is the first app of a game series with various ecological and educational content for children,” the company in a statement.
The unveiling of the app all but affirms Adaiah Distribution Inc (OTCMKTS:ADAD) commitment to diversifying its product offerings as it continues to explore new revenue streams. Given that the game will be sold through the Amazon Store, Google Play, and Apple Store, the company may be able to generate a substantial amount of revenues that could help its bottom line.
News of the unveiling of the new app continues to strengthen street sentiments on Adaiah Distribution Inc (OTCMKTS:ADAD). Until now, the company has generated a good amount of its earnings from the 3D printing industry.
Buying Vs. Selling Pressure
Adaiah Distribution Inc (OTCMKTS:ADAD) stock gained after the unveiling of the new App. The stock was up by 17.15% in Friday’s trading session as investors reacted to the company’s product line expansion. However, it awaits to be seen if the stock will continue to ascend given that it is currently trading at the high end of a tight trading range of between $0.35 and $0.41 a share.
Adaiah Distribution Inc (OTCMKTS:ADAD) stock has registered an impressive run for the better part of the year, having been on the decline in previous years. Expanding into different sectors appears to have done the trick in affirming the company’s growth prospects. However, Adaiah Distribution may need more than the Save Your Planet Kids app if it is to fend off any selling pressure and continue powering higher in the market
I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.
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About the author: Monica Gray has an undergraduate degree in Accounting and an MBA – earned with Honors. She has six years of experience in the financial markets and has been a securities analyst for the past two years.