bBooth Inc (OTCMKTS:BBTH) shares were down 6.20% on Tuesday to $0.121 and were flat in after-hours trading. Share prices have been trading in a 52-week range of $0.03 to $0.20. The company has a market cap of $11.23 million at 92.82 million shares outstanding.
bBooth Inc is a company that is focused 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.
Offered through bBoothTech, the company’s technology licensing division, the NOTIFI platform is a fully integrated mobile, desktop and Web-based application, with back-end administration and data collection capabilities. It has not generated any revenues.
In a press release this week, bBooth Inc announced that it has entered into an agreement to provide bBooth’s bNotifi interactive video technology to ORU Market. This is a global social sharing and payment platform which seeks to enhance and amplify its existing mobile, desktop, and web-based applications.
It’s the first company I’ve ever heard of that actually makes weekly payments to its members, in the form of what they call ORU Universal Basic Income, just to thank them for participating,” stated bBooth Inc CEO Rory Cutaia. “We’re very excited to be part of this rapidly growing global network. Once ORU members have access to the bNotifi technology toolset we’ve created for ORU Market, we expect ORU’s growth to accelerate exponentially.”
ORU Market CEO and Chief Architect Nick VandenBrekel mentioned that the ORU Network is easy to use since anyone can egister for a free basic ORU account on the ORU Market website or through the ORU Market mobile apps and obtain immediate access to numerous tools and opportunities to enhance their lives. Members who upgrade to premium membership earn rewards payments on purchases made at ORU participating merchants and get access to additional benefits, including the ORUPAY global payment platform, and their own Prepaid Visa Card called ORUCARD.
When we saw bBooth’s bNotifi interactive communications technology, we immediately recognized the power it could add to enhance our Members’ existing ability to promote themselves, their products, their services and their businesses to other ORU Market Members all over the world. bNotifi is truly a ground-breaking interactive video technology and we’re thrilled to make it available to all our Members,” shared VandenBrekel.
Prior to this, bBooth Inc entered into an agreement with Bridge Wealth Management Group to deploy a customized version of its bNotifi technology for a first-of-its-kind interactive marketing automation program for the financial services industry.
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.