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Alias Born 05/06/2020

Saturday, July 31, 2021 12:35:57 PM

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Couple areas of note worth mentioning at this point in time:

On April 20th CLWD released the PR titled "CloudCommerce Rapidly Transforming into a Tech Company"

Which included the following statements:

“We are rapidly transforming our business from a traditional advertising agency services provider into a true technology driven company,” said Andrew Van Noy, CloudCommerce CEO. “While we are extremely pleased that our SWARM solution continues to deliver advertising results beyond client expectations, our dream was always to develop SWARM into a fully functioning software as a service (SaaS) platform. Our recent infusion of additional capital allows us to begin the process of turning that dream into a reality.”


In June they hired Jasper Pena who graduated from the University of Advanced Technology located in Tempe, AZ as their "Full Stack Developer"


That particular position would require the skill set of a technology programmer working more directly with the development of software and would be very knowledgeable in both the front end (what you see when you open up a browser--the "interface" as you link to a website) and the back end (is what you would find "under the hood"--the written code that establishes communication between the database and browser) of an application. Their ability to efficiently combine automated testing frameworks, cybersecurity, server configuration and network scalability components will impact significantly the level of seamless functionality for the end-user of the application or site.

Also, on March 30th they released the following PR--"CloudCommerce’s AI-driven SWARM Platform Onboards New Clients Across Multiple Industries."


Which would lead one to conclude there may be some signs of revenue growth when compared to the first quarter represented in the upcoming 2nd Qtr 10Q which will be out in a couple weeks.

An aspect that is undeniable is the fairly recent hirings in the areas of domestic/global sales and the retainment of "Dr. Peter Holden, a leading artificial intelligence (AI) strategist and IP expert, who will assist the Company with the expansion of AI capabilities to its SWARM platform and development and protection of its intellectual property to protect these innovations." Moves such as these within the software industry is usually predicated on the development of a very distinctive application whose uniqueness is proven to provide a very effective accomplished objective which maximizes the sought out end result. If this is the case I would think the degree of inquiry represents an extremely high level of interest.

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