Eagle Oil Holding Company, Inc. (OTCMKTS:EGOH) has seen an explosion in price and volume after the Company announced their subsidiary, Pure Mobility International Inc., received a contract to deploy one of its High-Speed, Wireless, Mesh, networks in the Caribbean nation of The Turks & Caicos Islands that EGOH says is expected to yield, on average, $20MM in revenue per year for the next ten years.
This is big news indeed for EGOH which as wallowed away in sub penny stocks land for years with no liquidity or investor interest. The stock traded as low as $0.0001 in recent months but has moved up significantly since.
Eagle Oil Holding Company, Inc. (OTCMKTS:EGOH) is an independent, growth-oriented energy company engaged in the exploration and production of oil through the development of a repeatable, low geological risk, high potential project in the Venango County in Pennsylvania. The company owns interest in the Frank Farm Lease with 12 wells on 50 acres and the company has also acquired a producing lease. We are devoted to utilizing our experience and the most efficient methods to bring this oil to market.
On March 31 Pablo L. Nieto, Jr., CEO of EGOH is pleased to announce that Pure Mobility International Inc., a subsidiary of Eagle Oil, has received a contract to deploy one of its High-Speed, Wireless, Mesh, networks in the Caribbean nation of The Turks & Caicos Islands as previously alluded to in the website update dated March 24th. “This continues our planned diversification into the technology and telecom sectors,” states Mr. Nieto.
Pure Mobility’s network will provide residents and tourists not only with completely mobile, high-speed, wireless, internet service but also with Voice over IP (VOIP) phone service, Video on Demand (VOD) services and other IP-based services as they become available.
Once fully implemented, Pure Mobility’s services will usher the Turks & Caicos Islands into the world of advanced internet commerce, communications and interactivity, greatly benefiting the nation’s government, citizens, businesses, and economy.
This contract is expected to yield, on average, $20MM in revenue per year for the next ten years with additional, unrelated contracts to be announced shortly.
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According to their website Pure Mobility International is an international wireless communications provider whose strategy is to implement wireless services throughout niche markets and remote locations worldwide. Pure Mobility uses a combination of technologies that provides a Broadband wireless network to businesses, residents, tourists and service providers.
Through a next-generation Real Time Wireless Internet Protocol (RTWIP) Core Network infrastructure and in joint venture partnerships with service providers, Pure Mobility International offers governments, corporations and individuals a range of BROABAND WIRELESS NETWORK solutions using state-of-the-art technology.
Pure Mobility International delivers wireless broadband Internet, Session Initiated Protocol (SIP) telephony, streaming Internet Protocol Television (IPTV), video on demand (VoD), seamless roaming from CDMA/GSM cellular networks to Wi-Fi, and wireless security.
Pure Mobility International’s vision is to become a leading worldwide provider of broadband wireless services to remote and rural locations, thereby helping to eliminate the digital divide and enhance the socio-economic profile of the communities in which we operate.
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Currently exploding in sub penny land EGOH has minimal assets, no revenues and rising short term debt that has resulted in massive dilution in the past. But this is an exciting story developing in small caps; The Company just announced a contract which they say will yield $20mm a year and the stock has quickly attracted a fast growing shareholder base that believes this one goes higher. We will be updating on EGOH when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with EGOH.
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Disclosure: we hold no position in EGOH either long or short and we have not been compensated for this article.