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Ludlow Places EFFI on Small Cap Plays within Gaming Market
(NEW YORK)--Ludlow Research has initiated research alerts on EffTec International (OTC:EFFI), and Elray Gaming (OTC:ELRA), as two undervalued small cap stocks involved in both online and mobile gaming sector.
Ludlow Research, a small cap equity research firm based in New York City, has added EffTec International (OTC:EFFI) to its recent research alert on Elray Gaming (OTC:ELRA), as two small cap online and mobile development companies involved in both entertainment and gambling industry.
EFFI Highlights
- YamYam Acquisition Generating Revenues
- New Chairman Strong Experience in Gaming
- Chart Showing Very Bullish Trend
- Mobile Gaming in Strong Demand
- 34 Million Shares Outstanding
- Market Cap only $700,000
YamYam Acquisition
On Oct. 14, 2013, the Company announced the acquisition of mobile developer YamYam, LLC based out of Reno, Nevada. This closed acquisition now brings EFFI revenue generation, and from initial indication possible profitability from this new subsidiary. YamYam owns the source coding, frameworks, and other related IP, which serve as the functional basis for a number of games and applications which are currently active and in-use. www.yamyammobile.com
New Chairman Gaming Experience
Tim Page, the CTO of YamYam, LLC, and now Chairman of EFFI, was also the founder and President of 5000 Ft., Inc. Mr. Page help develop 5000 Ft. into a high-quality software developer specializing in interactive entertainment products. The company had a strong history in video game production for over 10 years, specializing in casino gaming products, and made projects for such names as Cantor Gaming, IGT and Bally Gaming. www.5000ft.com
Now with EffTec, Tim Page looks to bring that well-pool of experience and know how in the gaming market to develop YamYam, and EFFI into one of the more exciting small cap gaming companies in the market.
EFFI Share Structure
As of Oct. 16, 2013, the Company had around 200 million shares authorized, of which 34 million shares were issue and outstanding, thus giving the stock a market cap of only around $700,000. Although not fully reporting under the Securities Exchange Act of 1934, the company has just complied and was upgraded to "current" status tier on OTC Markets.
Conclusion
Based on very bullish chart indicators, both ELRA and EFFI look primed to continue its climb as volume on both of these issues continue to climb. Ludlow Research has issued both EFFI a $0.10+ short-term target, with ELRA projected at $0.20+ per share.
Never trade more than you are willing to lose!!!
