Staying up-to-date with company news is crucial for informed investing. Keeping up with news allows investors to make timely and well-considered decisions, increasing their chances of making profitable moves while minimizing risks. Additionally, positive news can drive a stock's value up by the time investors become aware.
Now, let’s explore four penny stocks that have recently released crucial news
Epazz Holdings Inc. (OTC:EPAZ) experienced a remarkable 32.07% surge in its stock price on Friday, September 22. Epazz has strategically positioned itself as a key player in the drone technology sector, notably through its subsidiary, ZenaDrone Inc.
Last week, a significant development in this journey was the memorandum of understanding (MOU) signed between ZenaDrone and Thunder Tiger Corp, a Taiwanese defense contractor.
This MOU opens doors to expanding operations into Taiwan, a move that aligns with Epazz's growth strategy. It is motivated by the potential of ZenaDrone's flagship product, the ZD1000, an AI-driven unmanned aerial vehicle designed for large-scale supply chain warehouses and facilities surveys and inspections.
The ZD1000's capabilities, including accurate aerial photography, preventive maintenance operations, and the ability to operate in challenging environments, have garnered attention not only in Taiwan but also in the United States military.
EPAZ's ambitions extend beyond commercial applications. The company is actively pursuing certifications and licenses to become a defense contractor. The demand for the ZD1000 among U.S. government agencies has surged, prompting Epazz to develop American-made drones capable of carrying heavy payloads at affordable prices.
The MOU between ZenaDrone and Thunder Tiger Corp in Taiwan not only facilitates the sale of the ZD1000 but also positions ZenaDrone for National Defense Authorization Act (NDAA) compliance. This compliance opens doors to potential U.S. Defense contracts, marking a significant milestone in Epazz's journey.
In addition to its Taiwan venture, Epazz has established a joint venture in Brazil, where the ZenaDrone 1000 operation has captured the interest of 25 esteemed Brazilian organizations. The company also has plans to expand its presence in India and South Africa, reflecting its commitment to global expansion.
Epazz already operates a drone manufacturing facility in Dubai, which has revolutionized the concept of drones as a service, yielding significant revenues from applications in large-scale farming, government initiatives, and oil rig operations.
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Osceola Gold (OTC: OSCI) is a leading junior mine in the mining industry and remains focused on the achievement of operational efficiency and profitability.
On September 22, Osceola Gold announced that it had been successful in completing the acquisition of private placement funding to the tune of $2 million. It was non-dilutive in nature. The company noted in its news release that it would speed up the pursuit of its goals. Due to the infusion of fresh capital, it would be possible for the company to swiftly launch its strategic priority of streamlining all its mining operations.
"Thanks to this capital infusion, Osceola Gold has swiftly initiated its mission to establish and streamline mining operations. The funding has enabled us to procure vital equipment, meet payroll obligations, and secure resources to sustain operations throughout the challenging winter season. We are proud to report that operations have already commenced, with a dedicated staff of 10 on-site workers operating for a full 10-hour day." Tracy Pizzoferrato, interim CEO,
The capital would give Osceola Gold the opportunity to invest in acquiring key equipment, acquire resources, and meet payroll obligations so as to finance its operations through the course of the winter months. The company’s operations had kicked off already, and 10 workers were at its mining site, working 10 hours a day.
The company negotiated a mutually beneficial profit-sharing agreement with its private placement partners and would receive 35% of the profits that would be generated. The partnership would not only boost the company’s production capacity but also help in improving the commitment to excellence of the team. The company’s performance data also demonstrated the dedication of its team.
According to the independent study report and the volume of dirt that had been processed, the mine is on course to produce as much as 100 to 125 tons of dirt an hour. The output would lead to the production of half a gram to a gram of gold per ton of dirt, and the estimated production rate could be 2 to 4 ounces of gold an hour. That would work out to a total yield of 20 to 30 ounces a day.
In the news release, it was also noted that the operational success had exceeded the expectations of the company. Management also anticipated that Osceola Gold would get OTC Pink Current status in the near term.
Institute of Biomedical Research Corp. (OTC:MRES) is a major player in the nutraceutical technology space and specializes in artificial intelligence-powered advanced mental health research, plant-based CBD, and medical psilocybin.
On September 21, the Institute of Biomedical Research Corp. provided an update. The company announced that it had completed the acquisition of the cryptocurrency exchange JDAX.
The company had announced the signing of the letter of intent pertaining to the acquisition on June 27, 2023. JDAX is an advanced digital asset marketplace that allows its users to hold, buy, and sell a large number of cryptocurrencies. Additionally, the marketplace also offers some of essential services, like the management of digital wallets, the availability of key market data, and trade execution. JDAX stands for Johannesburg Digital Assets Exchange and is regarded as a major financial technology company in South Africa involved in Web3, blockchain, and decentralized finance technologies.
"I'm excited to get this platform into Dubai and on the global stage. It's one-of-a-kind. It's time that new and unique technology-driven ways to fund biotechnology are available for all to invest in and participate in. I'll be in Dubai in a few weeks. I'm sure the company will have some considerable updates to announce—who knows, maybe the first minting of an NFT?'' said M2Bio Sciences CEO Jeff Robinson.
In its news release, the Institute of Biomedical Research Corp. noted that JDAX would be rebranded with a new jurisdiction and name immediately. The new name would be revealed in the coming weeks, and the company’s new domicile as well as IP would be based out of Dubai, in the United Arab Emirates. The primary vision behind JDAX is to make access to capital far more democratic for projects that may be commercially viable. In turn, those projects could help make a worldwide impact.
The company would provide the resources to turn that vision into a reality. The move from the Institute of Biomedical Research to place itself at the forefront of advancements in blockchain and decentralized finance would also help it in its mission of drug discovery. Blockchain technology could be deployed in a wide range of sectors, and the company would be able to leverage it through the acquisition of JDAX for quicker drug discovery.
Pressure BioSciences Inc. (OTC:PBIO) is a worldwide leader in supplying broadly enabling, innovative, high-pressure-based solutions for a number of industries. Some of the industries in which Pressure BioSciences Inc. works include biotech, agrochemicals, pharmaceuticals, cosmeceuticals, and nutraceuticals. It also works with the food and beverage industry.
On September 22, it emerged that the Veterans Service Team had increased its existing purchase order with the company from 500 to 5000 bottles. It went into effect immediately. The Veterans Service Team is a 501(c)(3) self-funded non-profit organization involved in the wellness and support of former and active members of all the different branches of the United States Military and the United States Coast Guard. The partnership between the company and the Veterans Service Team provides the latter with exclusive membership access to the hemp-based, custom-designed nanoemulsions of CBD oil in water processed by Pressure BioSciences’ Ultra Shear technology.
In the news release, it was noted that Veterans Service would first launch the unique Ultra Shear Nano CBD Tropical Spray and then a related product named Oral Spray, which could be launched soon after. It had been pointed out in June 2023 that a high-quality CBD product with considerable completeness and speed of dose delivery was the most important new offering that Veterans Service was gunning for in 2023.
The Veterans Service also believes that its membership count will eventually surpass two million in five years. Hence, there is the possibility of the revenues from the association rising from the current $1.5 million to as much as $15 million in five years for Pressure BioSciences. The projections had been made for only nano-CBD product sales.
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