Bravatek Solutions Inc (OTCMKTS:BVTK) is trading in the mid $0.004s on steady volume and continued interest from Investors in recent weeks. Since April of this year BVTK has made a spectacular run from triple zero land to highs near a penny.
BVTK continues to be one of the top most traded stocks on the entire OTC that has a huge following of shareholders. The Company says they have been busy working hard behind the scenes and Financials will soon he current.
Bravatek Solutions Inc (OTCMKTS:BVTK) bills itself as a high technology security solutions portfolio provider that assists corporate entities, governments and individuals protect their organizations against both physical and cyber-attacks through its offering of the most technically-advanced, cost-effective and reliable software, tools and systems. BVTK two lines of business consist of a highly-secure email servers (and other related security software) as well as the Telecom tower services
BVTK is the new ticker for the notorious ECRY which ran from around $0.12 to highs of $0.385 last year on the $5.1 million (stocktips) Laluna promotion. The promo collpsed after ECRY management issued a press release distancing themselves from the promotion. StockTips initially gained fame with TGRO which ran from pennies to $1.59 a share.
Last year BVTK made 2 significant announcements which affect current operations; fist they announced their Telecom Services Division, which they acquired from Viking in June, has signed a Letter of Intent with construction company YKTG, LLC, for a $10-million plus decommissioning project with a major cell phone carrier. YKTG, LLC has established strategic relationships with BAE Systems and ConCor Networks a subsidiary of EMCOR, a fortune 500 company generating $6.4 billion in annual revenues. At that time BVTK also negotiated a $3-million line of secured financing from TCA’s Global Credit Master Fund, $350,000 of which has already been reciveived by the Company.
The parabolic rise on BVTK started on April 19 when the Company announced an agreement with i3 Integrative Creative Solutions, LLC out of Springfield, Virginia. BVTK CEO Thomas A. Cellucci, PhD said at the time “Within one business day of joining forces with i3, Bravatek was placed on a government contract called SEWP, Solutions for Enterprise-Wide Procurement, with a $20 billion dollar ceiling, for its cybersecurity email protection software and telecom services.”
The parabolic rise on BVTK has continued as the Company continues to put out huge press; on June 2 BVTK announced a worldwide exclusive arrangement, whereby Bravatek will manage construction crews by and through their strategic partner, MHC, with headquarters near Richmond, Virginia. The MHC agreement is expected to generate, conservatively, no less than $ 2.5 M in Purchase Orders from Sprint, Verizon, AT&T and T-Mobile within the next twelve months assuming Bravatek is able to meet its funding commitment with MHC.
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Earlier this year BVTK announced it has executed another significant, worldwide exclusive arrangement, whereby Bravatek will manage construction crews by and through a new strategic partner HelpComm, with headquarters in Manassas, Virginia. The HelpComm agreement is expected to generate no less than $6.5 M in Purchase Orders within the next twelve months. Helpcomm’s portfolio of Master Service Agreements (MSAs) with Verizon, Sprint, T-Mobile and AT&T positions this company on a level field with Telecom giants such as Mastec, Ericsson and Jacobs.
Pauline Ewald, J.D., Bravatek’s Vice President of Telecom Services commented: “We look forward to a long and symbiotic relationship with Johnny Bolton and the whole HelpComm team. Our rapid acceleration in this space has been made possible by Bravatek’s careful selection of allies with deep roots in the wireless construction business and dogged determination to prepare to prosper from the near term roll- out of 5G service.”
In June BVTK announced the Company’s tower services group-Viking Telecom has already received over $630K in Purchase Orders and over $400K of “in-process” commitments, through its recently announced strategic alliance with HelpComm, LLC. The work is being completed under our team’s existing agreement (see recent 8-K).
On October 12 BVTK announced it has expanded its relationship with DarkPulse Technology Holdings, Inc. (“DPT”), whereby Bravatek and DPT have entered into negotiations for a Joint Venture (“JV”), expanding the scope of their mutually-beneficial relationship and building upon the Marketing Alliance Program agreement announced in September. To that end, Bravatek has received a PO from DPT related to a project DPT is currently negotiating to bring DPT’s technology to Eastern Europe. DPT’s project, if successful, should represent the first segment of a multi-year monitoring agreement totalling more than $106 million for DPT and using DPT’s patented distributed fiber-optic sensing technology.
Dr. Thomas A. Cellucci, Bravatek’s Chairman & CEO, commented: “Our partnership with DarkPulse Technologies allows us to rapidly execute our joint strategy to expand operations into the ever-increasing Critical Infrastructure/Key Resource (CI/KR) markets, an important priority of worldwide governments, as well as private sector owners/operators of CI/KR (who own a majority of CI/KR).”
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Currently trading at a $35 million market valuation saw a spectacular rise earlier this year from triple zero lows to $0.0085 highs changing the fortunes of many a penny stock speculator. The Company continues to show weak financials with minimal assets or revenues, significant debt on the books. The Company is currently working with their auditors to get financials current and the stop sign off from OTCMarketsGroup. BVTK is an exciting story in small caps with a significant shareholder base who has been bidding this one higher. The Company is well-positioned in the government/military space with the $20B SEWP contract vehicle. BVTK also recently announced the MHC agreement which is expected to generate no less than $ 2.5 M in Purchase Orders as well as the HelpComm agreement expected to generate no less than $6.5 M in Purchase Orders. BVTK has runner in its blood and although the current share structure is not as attractive as it was during the ECRY stocktips days current shareholders are hoping for a huge penny break on this one. We will be updating on BVTK when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with BVTK.
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Disclosure: we hold no position in BVTK either long or short and we have not been compensated for this article.