Microcap Upgrades on iTalk (TALK)
By: staff reporter, John Bodger
(NEW YORK)--Below are a few low priced micro-cap stocks hitting upgrade and downgrade radars based on news.
In late Sept. 2015, iTalk Inc. (OTCQB: TALK), a global provider of advanced communications and mobile broadband services, announced that it had executed a Purchase and Sale Agreement to acquire United Mobile Solutions Corp. (“UMS”).
UMS, with $16 million in annual revenue, is a value added master dealer distributor, dedicated wireless equipment distributor and service provider with a device distribution network of sub-dealers – including kiosks, stores and franchised outlets. Through its value added approach, UMS’s sub-dealer network has quickly expanded to over 1,600 outlets across the Southeastern United States. UMS is a holding company with several subsidiaries:, International Touch Point, LLC (“ITP”), United Prepaid, LLC (“United Prepaid”) and United Mobile Solutions, LLC d/b/a CPD MOBILE. ITP was formed in 2014 to provide refurbishment and quality control operation in Dallas, TX.
Word is that this new merger has now been finalized, and thus has provided TALK stock with a new valuation model. Ludlow Research made note that it still remains to be seen how much shares were needed to close any such merger, but with just 1.8 billion shares outstanding as of August 2015, the prospects for TALK have grown, and thus has made it to the research firms recommend watch list.
About iTalk
iTalk is a mobile communications company using innovative and disruptive technologies to offer consumers a high quality cellular alternative while severely undercutting all major national carriers. Our lead product is the iTalk Sleeve, which when combined with an iPod Touch, our iTalk mobile app, and our aggressive pricing plans, provides consumers with a No Contract, High Voice Quality, and Lowest Price in the industry alternative to traditional cellular coverage. We will continue to search out and develop innovate products and services that will reduce consumers’ monthly voice and data charges while providing them with additional functionality. Through our access to an extensive network, we are able to offer nationwide voice and data coverage to 280 million people in more than 12,900 cities.
