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Aside from a national tv commercial, they haven’t stated much in terms of their marketing strategy. Although, I wouldn’t expect anything aggressive until they had 20+ sku’s.
Their clothing line is looking AWESOME! This far exceeds anything that is currently available on the market today.
I think realistically there is a better chance of me becoming the replacement UN Ambassador than us uplisting by the end of this year.
** FB UPDATE **
Guess what the boss brought into the break room to show one of the engineers? Yep, you guessed it, its the antimicrobial sleeve we are making for the Next Cast project. Apparently NexCast needed a change made. This sleeve actually has all the electronics in it and is about to be assembled and tested here in our lab. The most advanced casting system ever created. Just another day here at UAT! I love this place! Its like Star Trek every day here.
Yep, I can’t tell you how many times I have repeated this to myself. All we can do is sit and wait for that answer to reveal itself.
** PR ** MGT Capital Issues Letter to Shareholders
https://www.marketwatch.com/press-release/mgt-capital-issues-letter-to-shareholders-2018-09-27?siteid=nbsh
DURHAM, N.C., Sept. 27, 2018 /PRNewswire/ -- MGT Capital Investments, Inc. (otcqb:MGTI) issued the following letter to shareholders from H. Robert Holmes, Chairman of the Board and Interim Chief Executive Officer, Stephen Schaeffer, Chief Operating Officer, and Robert Lowrey, Chief Financial Officer:
"The past several months have posed tremendous challenges to the Bitcoin mining industry, and to MGT itself. Given this, we would like to address some of those challenges, and share with investors the steps we are taking to assure future successes.
Less than a year ago, as MGT was ramping up its expansion plans, Bitcoin was trading at about the same level as today, only to move to what many deemed a bubble at $20,000 in December 2017. But while nearly all external attention focuses on the price of Bitcoin, mining economics have been much more pressured by the Difficulty Rate – a computation used by miners to determine the amount of computing power required to mine bitcoin. The Difficulty Rate is directly influenced by the total size of the entire Bitcoin network. The Bitcoin network has grown six-fold in the past year, resulting in a six-fold increase in difficulty. Today, the network requires the computing power of 80 Bitmain S9 miners to mine one Bitcoin per month, where a year ago it required roughly 12. Meanwhile, demand from miners also drove up hardware and power prices, the largest costs of production.
Despite the increased Difficulty Rate greatly increasing costs, Bitcoin mining can still be highly profitable on a marginal cost basis. What's more, it is our opinion that the market will adjust in the near future to swing the economics to a more favorable level. On an indexed basis, the ratio of Difficulty to Price is at multiyear highs, and we expect some reversion to the mean moving forward.
As we were confronted with difficult industry realities, MGT was also faced with a number of our own specific issues. To accommodate an ambitious growth agenda, the company was forced to rely on outside vendors. Our facility in Central Washington was and is strong, but the region's power infrastructure is limited, so we scoured the globe for an ideal location to expand. Ultimately, we secured a commitment for a facility in northern Sweden, with the promise of decreased cooling costs and cheap, abundant electricity.
Unfortunately, this expansion into Sweden was mired with challenges, as MGT was forced to address the inexperience and thinly-stretched capital of our hosting vendor. The company was forced to concentrate a significant amount of management efforts to the facility, as engineering errors and issues with the electric utility continued to arise. While the facility was able to produce Bitcoin, running a total of 50 Ph/s for all miners, the costs of rectifying vendor errors has required large outlays of capital with uncertain returns.
Due to these concerns, we began intensely researching alternative locations for our principal mining operation. The current state of mining economics has created an ample supply of geographically closer locations with adequate capacity and relatively inexpensive power supplies. Today, we are confident that an appropriate location in the United States or Canada can be secured within the next several weeks, and that rates for hosting and power in that location will be materially lower and more stable than in Sweden.
Given the above circumstances, this past Monday we concluded that any further monetary investment in Sweden would be a misuse of capital, and began the process of palletizing and shipping our S9 miners to North America. Aside from a breached contract by our hosting vendor, MGT has signed no commitments with either the facility owner in Sweden or the electric utility.
We have confidence that this transition will materially reduce MGT's costs while establishing the conditions for stable, secure growth. Management will keep investors updated throughout this transition, particularly as we finalize the details of our new principal facility. We are committed to engaging with shareholders consistently and openly as we work to better position the company for long-term success."
** PR ** UAT Group Launches in Mexico and Canada
https://www.marketwatch.com/press-release/uat-group-launches-in-mexico-and-canada-2018-09-10?siteid=nbsh
Umbra Applied Technologies Group (uatg:PK) subsidiary Umbra Applied Technologies (UAT), announced this morning that its highly touted antimicrobial line of high-tech athletic wear, Hygieia(TM), will be available for the first time in the company's history, in both Mexico and Canada. The product line is available via Amazon.ca and Amazon.mx this month and marks a significant expansion of its retail sales channel with a targeted audience of 159 million consumers combined.
It has been estimated that retail ecommerce sales in Canada climbed nearly 30% in 2017. Robust domestic channels for online shopping combined with considerable commitments from multinational retailers to improve ecommerce in Canada are driving this substantial growth. Retail e-commerce is projected to account for nine percent of retail sales in Canada this year, as the country's 19.8 million e-commerce consumers continue to rely on online sales platforms to fulfill their shopping needs. For UAT, the Canadian market means more consumers from its own hemisphere will now have a platform that provides them with easier access to their high-tech active wear.
When asked what was behind the timing of its expansion into Canada, Chief Executive Officer of UAT, Alex Umbra replied, "Canadians spent $26.6 billion shopping online in 2016, or about $730 per capita compared to the $1,230 that U.S. consumers spent. This year e-commerce sales in Canada are projected to grow from $32 billion in 2017 to $71 billion in 2021, representing 66% of retail growth in Canada. That means that from 2016 to 2017, retail growth in Canada grew by more than 20% and is expected to grow more than 100% over the next 4 years. This is almost certainly one of the reasons why Amazon has opened a fulfillment center every year in Canada since 2011 and in doing so, has captured 7% of the e-commerce in Canada. This represents nearly 5 million consumers we can instantly target with our Hygieia marketing and sales apparatuses. Additionally, as Amazons footprint grows, so will our sales channels associated with Amazon which brings potential consumer growth to target another 25-30 million customers. For us it was a no brainer and the only delay was in ensuring we had a firm grasp on the logistics needed to deliver our products to Canadian consumers".
Mexico's population of 122.3 million people and growing economy have positioned it to be one of the most sought-after e-commerce sales channels and UAT intends to capture it. There's a strong middle class emerging in Mexico with more disposable income than previous generations. While 13% of households currently earn an estimated 2,800 USD/month, the country is currently on pace to have an additional 9% join this group by the end of this year. This represents a significant opportunity for UAT and its Hygieia(TM) line of products.
Mr. Umbra commented on its expansion into the thriving Mexican economy, "As Mexico's top retailer targeting an estimated 123 million consumers, the expansion of our retail sales channel through Amazon presents a unique and exponential growth, opportunity to service a market which right now is in excess of $12 billion with double digit growth. While Mexico is in the early stages of its e-commerce growth cycle, it is projected to become one of the top 10 economies in the world as demonstrated by its impressive growth over the past 5 years".
Chief Financial Officer, Thomas Crom added, "Online sales in Latin America are expected to grow 19% over the next five years, well above the global average of 11%. Additionally, this new market is projected to double in value to $118 billion in 2021. Two of the three fastest-growing eCommerce markets in the world are in Latin America, which present a unique and powerful opportunity for us to build our global sales channels".
UAT also indicated that its planning to begin its expansion in to the UK, EU and Asia markets in the early half of 2019. With over 330 million internet users in Southeast Asia alone and a European ecommerce market that has grown 13% this year alone, totaling nearly $700 billion dollars, UAT's entrance into these markets could potentially mean significant sales growth for one of its most popular products.
** PR ** UAT Group Subsidiary to Use Hygieia(TM) Across All Product Lines
https://www.marketwatch.com/press-release/uat-group-subsidiary-to-use-hygieiatm-across-all-product-lines-2018-08-30?siteid=nbsh
Umbra Applied Technologies Group, Inc (uatg:PK) "UAT Group" announced today that its subsidiary UAT, will be including its antimicrobial technology, Hygieia(TM) into all of its existing and future products when and where possible. The first product to receive the Hygieia(TM) upgrade is scheduled to be the Company's ClearView(R) Wrist Fixation system slated for launch the beginning of next year.
Chief Executive Officer, Alex Umbra stated, "This highlights our commitment to the Hygieia brand and our belief that Hygieia is a value-add to any company looking to enhance their existing line of products. This of course includes us and everything we manufacture".
Umbra Applied Technologies' (UAT) has a healthy line-up of products scheduled to launch over the next 18 months most of which would seem to benefit from the inclusion of the Hygieia(TM) additive. When asked to be more specific as it pertains to which products will be receiving the antimicrobial technology, Mr. Umbra replied, "We of course, will continue to use Hygieia within our textile manufacturing to include our socks, men's boxers, the pillow and bedding but also products like Insight, ClearView as well as in other areas such as aerospace and security. We are currently evaluating products under development to see where the inclusion of Hygieia would be appropriate and/or beneficial".
The Company also confirmed that it has been very aggressive in its efforts to educate fellow manufacturers in reference to the benefits of Hygieia(TM) and how it can enhance their seemingly already great products. UAT has expanded its manufacturing and distribution relationships which it now is offering to other manufacturers as a way to streamline their manufacturing processes when they include Hygieia(TM) in their product lines. This will help reduce costly manufacturing and shipping delays by manufacturing a product all under one roof.
The Company reiterated its plan to expand its Biotech division while also suggesting that the GreenTech division would be launching next year alongside its Aerospace and Security divisions. UAT currently estimates it will need to hire an additional 25 employees over the next 16 months beginning next month with 3 new employees being added to the Company's already highly experienced sales and marketing team currently undergoing product training.
Chief Financial Officer, Thomas L. Crom commented, "Mr. Umbra has a very clear vision for where the company is headed and we have already begun the process to ensure that the Company has the financial capabilities to execute on the vision. UAT has been positioned for sizeable growth and it is now time to execute on that potential. As a shareholder I am very encouraged with how far we have come".
Tweet From UATG:
UAT Group - UATG @UmbraAppliedTec
UAT Groups subsidiary UAT, is preparing to announce launch dates for its newest line of products.
That was something I picked up on right away Gordo and was glad to see that. I often asked the question why Hygieia was never TM. Figured it was just a matter of time and glad I was right in thinking that.
** PR ** UAT Group Prepares for Record Sales
https://www.marketwatch.com/press-release/uat-group-prepares-for-record-sales-2018-08-22?siteid=nbsh
Umbra Applied Technologies Group, Inc. (uatg:PK) announced today that it has delivered the first shipment of Hygieia(TM) antimicrobial inserts to NextCast & Brace for their production run prototypes of their advanced casting system. This signals the beginning of a five-year contract with their new strategic medical devices partner.
Chief Executive Officer, Alex Umbra stated, "This strategic partnership once again, highlights precisely what we envisioned for Hygieia(TM) from the beginning. I have said this before and it's worth stating again, this product is a value-add to potentially every other product on the market. If you or your loved ones come in contact with it, it should be protected by Hygieia(TM). This is just part of the initial roll-out of Hygieia(TM) via corporate partnerships and I am very much excited about the future of Hygieia(TM)."
The strategic partnership between Umbra Applied technologies and NextCast & Brace is in keeping with UAT's focus on expansion through strategic partnerships and value-add growth management. The Company continues to field inquiries and is currently in negotiations with other companies interested in partnering with UAT.
The Company also confirmed rumors that it has expanded its manufacturing and distribution relationships which it anticipates being fully online within the coming weeks. Additionally, the Company has expanded its inventory management and fulfillment capabilities by adding an additional warehouse and office location in Hudson Florida. This was done in preparation for the upcoming holiday season which the Company anticipates will be a significant revenue driver. The Hygieia(TM) line of products, which is expected to grow to more than nine products with multiple versions and colors, is poised to deliver significant revenues by year end.
Mr. Umbra added, "We have kept our noses to the grind-stone as it were and have made significant progress. The clock is always ticking and progress has to be made every single day sometimes seven days a week when necessary. We have restructured the company and streamlined processes, designed and finalized products and packaging, formulated and have begun to execute marketing strategies, forged new manufacturing and fulfilment partnerships and begun the process to prepare the company for its targeted up-listing. I honestly am very proud of our team and cannot thank them enough for their commitment to this company's success."
The company further outlined its strategy to expand its Biotech division with the release of its acclaimed ClearView [(R)] bone fixation system to include its revolutionary new titanium Aegis(TM) surgical bone pin. The company added that it anticipates the release of the Apex(TM) interphalangeal implant around the same time as the ClearView [(R)] product in the first quarter of 2019. This is the most significant expansion of the UAT Biotech division since the launch of the Hygieia(TM) product line.
Chief Financial Officer, Thomas L. Crom, commented, "We have reviewed multiple aspects of UAT's capital allocation expenditures and have implemented the necessary cost management processes to better streamline inventory control, control cost overruns and maximize available capital. UAT is exceptionally well positioned to deliver significant shareholder value by the end of the fiscal year."
Sounds like we have a PR headed our way tomorrow.
Tweet from UATG
UAT Group - UATG
@UmbraAppliedTec
A little birdy told me that some good news is coming out tomorrow. I hope everyone will be watching their computer screens at 9:05 tomorrow morning.
Thanks for sharing that. Alex has always been consistent with getting back to any/all messages addressed to him.
I wish they would hold an Investors Call. I emailed in yesterday asking if they would consider it after posting the 10-Q, but haven't heard anything back.
**PR** MGT Capital's Stephen Schaeffer to Speak at the Crypto Mining Forum
https://www.marketwatch.com/press-release/mgt-capitals-stephen-schaeffer-to-speak-at-the-crypto-mining-forum-2018-07-25?siteid=nbsh
7,000 Bitmain S9's plus 50 GPU-based Ethereum miners.
https://finance.yahoo.com/news/mgt-capital-nears-100-petahash-201500294.html
All crypto stocks popped yesterday. Here’s why.
https://www.cnbc.com/2018/07/16/bitcoin-jumps-after-report-says-blackrock-exploring-cryptocurrencies.html
http://amp.timeinc.net/fortune/2018/07/17/bitcoin-cryptocurrencies-blockrock-blockchain
Look at $NETE $FTFT $DPW $RIOT started spiking around 1pm - same with $MGTI.
Hope all goes well and wish you a speedy recovery too...
The crutch was called the e-crutch which apparently is/was an "economy" version of UAT's U-Crutch. It was licensed to a manufacturer but they did not follow UAT manufacturing. I doubt there are pictures made available to the public though.
Here are the companies I have been able to find that have "130 years of experience in the textile industry".
http://noblebiomaterials.com/
https://www.wtin.com/
https://www.prym.com/en/ (based in Germany though)
Cannot locate any other companies aside from the three above that fit that sentence (or clue) mentioned in March 2018 QR - Page 4/Section 2/Paragraph 2.
Previous mergers FCNK/RGNO (ran 0.008 to 3.72), LFZA/USSE (ran from 0.0002 to 0.84). Waiting to see how UATG unfolds.
We will see his master plan soon enough.
"Stock price is at an all-time low as you pointed out and as a result many are frustrated with me and the company; justifiably so. I do not take it personally as I understand why they feel the way they do. Unfortunately, many do not sit in my chair and as such do not have the benefit of my personal vantage point as it were, so they do not see what is coming. Something that will change soon and hopefully enlighten them as to what this company is doing and the direction it is headed." Alex Umbra
These are just games to manipulate price. I'm sure it will magically drop off here shortly.
Printing press is on standby! I believe Alex is going to give us all some great PRs this quarter and next.
Exactly. No matter what anyone says he will always find “something” to say. It’s obvious what his agenda here is. Period.
Very impressive. I like the placement of their badging/stitching.