bBooth Inc (OTCMKTS:BBTH) Shares Rise 6% on New Filing

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bBooth Inc (OTCMKTS:BBTH) shares were up 6.67% on Monday to $0.160 and flat in after hours trading. Share prices have been trading in a 52-week range of $0.03 to $1.50. The company has a market cap of $12.86 million at 80.40 million shares outstanding.

bBooth Inc is a company that is focusing on the manufacture and operation of Internet-connected, kiosk-sized, audio-video recording studios, branded and marketed under the name of bBooth, which are integrated into a social media, messaging, gaming, music streaming and video sharing application. Its business has evolved from one-based mainly on its mall-based bBooth kiosks and mobile applications, focused on talent discovery, to a cloud-based, enterprise level platform, tentatively branded as NOTIFI, developed to address markets that includes corporate users, consumer brands and media companies, among others, seeking internal and external messaging and communications capabilities.

On Monday, the company filed Form 4 with the US Securities and Exchange Commission for Change in Beneficial Ownership. This indicated that the reporting person, James Geiskopf, has acquired 750,000 common shares of bBooth Inc as of September 14, 2016 in direct ownership.

Prior to this, bBooth Inc announced that it has entered into an agreement with The Matrix Group which is a collective body of entrepreneurs, business owners, doctors, attorneys, real estate agents, pastors, educators, and entertainers working together to bring a spirit of excellence to those who choose to make a difference in the world around them.

With The Matrix Group’s custom-branded bNotifi mobile, desktop and web-based applications, Byron and his team will drive sales and customer retention to unprecedented levels. In addition, the sales and product training modules built into our bNotifi platform will ensure that The Matrix Group representatives accelerate up the learning curve to realize their full potential much more rapidly,” commented bBooth Inc CEO Rory Cutaia.

With this agreement, the entities plan to  provide a push-to-screen, media-rich, interactive audio/video messaging and communications platform for enterprise-scale lead-generation, customer-retention, and training for The Matrix Group and 890,000 independent representatives in affiliate organizations.

DISCLAIMER: There is a substantial risk of loss with any speculative asset, especially small cap stocks. The opinions expressed are those of the author, and do not constitute recommendations to buy or sell a stock. Do your own research before committing capital.

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