Ubiquitech Software Corp (OTCMKTS: UBQU) is an exciting company that recently applied to change its name to HempLifeToday.
UBQU operates in the booming CBD space that got a boost after recent reports Coca-Cola is monitoring the nascent industry and is interested in drinks infused with CBD. With a rising number of various CBD products available in mainstream markets, consumers are spending more on CBD products than ever before. The Brightfield Group estimates the space will top $22 billion within the next 4 years, making it one of the more enticing spaces from an opportunity standpoint.
Ubiquitech Software Corp through its subsidiaries, is a dynamic multi-media, multi-faceted corporation utilizing state-of-the-art global internet marketing, DirectResponse (DRTV) Television, Radio, Internet Content, and traditional marketing to drive traffic to the new and emerging multi-billion dollar industries like its subsidiaries HempLifeToday(TM) and CryptoBuy.com
The Company operates a subsidiary in the crypto space called CryptoBuy.com which focuses on the burgeoning new world of Crypto Currencies and is created to be a service to persons interested in tracking and trading the many existing and future Crypto Currencies worldwide.
The Company has seen impressive sales growth; on October 15 the Company announced its third quarter 2018 financial results. The company realized revenues for the quarter of $894,419. The company had net income of $15,517 for the quarter ending August 31, 2018.
In an open letter to shareholders CEO James Ballas stated “Since taking our first order for HempLife Today products in December of 2014, we have created a top brand for our CannazALL CBD products, shipped over 80,000 orders, obtained over 50,000 customers and subscribers, experienced consistent growth year over year, sold almost ten million dollars of our CannazALL products, been called one of the top five CBD Companies by Forbes Magazine, and created a footprint that is set to grow even bigger and faster as we move into the months and years ahead. The CannazALL brand has expanded to over a dozen product offerings over this time period. We now have relationships with several different hemp farms with enough acreage available to us to meet any demand in the future, and we’ve secured long term merchant processing to successfully take us into the future as well. We have independent verification of our potency and have added other beneficial botanicals to make CannazALL™ a unique product.”
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In december UNQU through its subsidiary HempLife Today™, is announcing Phase Two of its popular new Wholesale/Ambassador program. First announced on November 5th, the Wholesale/Ambassador Program allows those who successfully register to become a wholesale agent of the Company, with the ability to purchase all CannazALL™ hemp derived CBD products, for resale and personal use, at wholesale pricing. The Company stated in the news from November 5th a goal of 10,000 active Wholesale/Ambassadors within the next 5 years. However, because of the popularity and growth of this program the Company will be revising its projections by 2nd quarter.
On January UBQU through its subsidiary HempLife Today™, is announcing to shareholders that it is increasing its direct mail campaigns for its popular new Wholesale/Ambassador program across all of its customer databases. These direct mail campaigns are in addition to the email campaigns that have shown to be very effective in both registrations, and paid access to the Wholesale/Ambassador program. Through direct mail campaigns the Company can reach virtually all of its databases of HempLife Today™ customers and invite them to become Wholesale/Ambassadors through the HempLife Today™ Website.
Once paid and registered, a new Ambassador is given instant access to the Company’s wholesale pricing and also receives CannazALL™ CBD brochures, business cards, customer support, and access to Phase 2 of the program announced on December 20th, 2018. All for a one-time fee of $195. With Phase 2 of the program Ambassadors will have access to their own online sales portal, and the launching of Phase 2 will be announced this month. The Company plans to send up to 50,000 direct mail pieces throughout the month of January and believes these campaigns will net at least 1,000 – 2,000 additional new paid and active Wholesale/Ambassadors. After these campaigns, the Company will increase its monthly direct mail campaigns to new customers, referrals, and other databases available.
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Currently trading at a $1.3 million market valuation UBQU has $280k in the treasury, $2.2 million in current liabilities and very little debt. UBQU is an exciting Company making big moves in the booming CBD space, HempLifeToday(TM) CannazALL CBD products are already doing big sales reporting $2,868,897 in revenues for the 9 months ended August 31, 2018. The new ad campaign CannazALL™ “You’re Only a Few Drops Away!” will help get the word out. We will be updating on UBQU when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with UBQU.
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Disclosure: we hold no position in UBQU either long or short and we have not been compensated for this article.