Bravatek Solutions Inc (OTCMKTS:BVTK) has been trending down in recent days on moderate volume. The stock saw a significant run up during the summer months of last year running from triple zeros to highs of $0.0085 before coming back down again.
BVTK has maintained its position among 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 January 25 BVTK announced it has executed a worldwide Joint Venture with AmbiCom Holdings, Inc. (“AmbiCom”) whereby AmbiCom will promote, sell and distribute its solutions by leveraging Bravatek’ s expertise and experience, with a focus on the Government and Telco markets.
Dr. Thomas A. Cellucci, Bravatek’s CEO, commented: “We are pleased to formalize this new, closer business relationship with AmbiCom, who has earned a well-deserved reputation in the optimization of computer system performance. We’re motivated by AmbiCom’s patent portfolio and proven solutions to meet new requirements by both the public and private sectors. Our JV can make it easy for the US Government to acquire solutions that have been shown to increase productivity and reduce costs.”
Mr. Kevin Cornell, CEO of AmbiCom Holdings, Inc., stated: “We are pleased to build on our MAP relationship with Bravatek to create this closer partnership. While we seek to resolve our SEC issues, this Joint Venture gives us access to capital and high-level contacts to maximize these new markets. There are market factors happening now that are creating immediate opportunities in Government and Telco, including our ability to mediate the performance impact of Intel’s Meltdown and Spectre patches. Together, we can make a formidable team!”
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Currently trading at a $20 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.