Ubiquitech Software Corp (OTCMKTS:UBQU)
Ubiquitech Software Corp (OTCMKTS:UBQU) is a multi-media, multi-faceted corporation utilizing state-of-the-art global internet marketing, Direct Response (DRTV) Television, Radio, and traditional marketing, to drive traffic to the new and emerging multi-billion dollar industries. Ubiquitech sells dual subscriber identity modules (SIM cards), dual-telephone-number mobile pre-paid phone solutions. The Company’s dual SIM feature allows the consumer to have two telephone numbers ring to a single phone. Blue Crush Marketing Group (BCMG), a subsidiary, 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.
Ubiquitech Software Corp (OTCMKTS:UBQU) focuses on developing “Hemp Life Today”. The company offers CannazALL, a canabidiol (CBD) oil made from domestically grown hemp. All CannazALL products from www.HempLifeToday.com are grown and extracted from their network of domestic and European growers specializing in 100% organic, NON-GMO practices.
Denver, CO-based Ubiquitech Software Corp (OTCMKTS:UBQU appears to believe the medical cannabis movement mistakenly touts the therapeutic properties of THC. The company believes that research reveals an immense health benefits from CBD, not THC, thereby displacing the sometimes unwanted high from THC that may accompany other health-oriented cannabis products. Ubiquitech currently offers eight products from their CBD line.
Ubiquitech Software Corp (OTCMKTS:UBQU) had revenues of $3.5 million in FY2016 which was an improvement over FY2015 when the company reported revenues of $3.04 million. Net Income came in at $334,000 which dwarfed the FY2015 figure of $39,000. Total assets for FY2016 were $1.43 million versus $723,000 for FY2015. Total liabilities were $958,000 versus FY 2015’s figure of $713,000. Net tangible assets more than doubled from the FY2015 figure of $330,000 to $680,000. One area of concern is that total cash flow from operating activities turned negative from the FY 2015 figure of $49,000 to a loss of (-$270,000) for FY2016.
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About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.