VIDA (Vidaroo Corp.) is seeing some swift movement this morning, quickly breaking out as one of the top trades within the penny stock exchange this morning, which has greatly increased the interest of
Penny Stock Dream in reporting on the current movement. Considering that just a little over 15.1 million shares have traded hands and the company has already managed to see these sorts of gains so early on in the day, goes to show that the float is low, allowing for there to be little resistance on the way up, so as attention to the stock increases, there will likely be greater appreciation to the upside. All the company really needs is to generate further awareness among investors to see that happen. One of the most significant factors here, is that VIDA currently trades on the OTCQB, suggesting that it is a more straightforward company, with an interest in providing internal information pertaining to financial information, to their investor base. The
Penny Stock Dream platform often looks for this in potential penny stock alerts because it suggests that the company may have less to hide and thus feel comfortable providing more information about internal operations to the public. As the movement here continues we will be sure to keep a close eye on VIDA because of how quickly this penny stock play has shown that it can move with buying pressure. We suggest that those following along with our trusted penny stock alert platform, do the same.
Penny Stock Dream would also like to bring attention to the fact that it has been a full month since the last major news announcement from VIDA. Back on March 27th, the company released a press release announcing that they were expanding their market presence by "engaging IR, PR, and Direct Sales Resources." The article can be read in it's entirety as follows:
ALTAMONTE SPRINGS, Fla., March 27, 2013/PRNewswire/ -- Vidaroo (OTCQB: VIDA) (http://www.vidaroo.com/) provider of an innovative cloud-based video distribution/syndication software platform, has announced that it has retained the services of three highly focused marketing agencies and engaged other marketing assets to promote services for its target audiences with intent to boost sales in the current year.
"We have completed our management reorganization, moved the company to new facilities, and will focus on expansion of our services platform. Our current action is to engage the type of marketing services that we believe will increase revenue from direct and indirect sales," says Tom Moreland, who assumed CEO responsibilities for the company effective January 1, 2013. Mr. Moreland has served as CFO for Vidaroo since the company went public in 2008. "Our investors see long-term value potential from the assets we have developed; we have a world-class video service that we feel is very relevant to the current social media promotion trends."
He points out that with principle research and development completed, the company is ready to act on its strategic growth plan to expand the reach of Vidaroo's Software-as-a-Service (SaaS) based video technology and move it into new vertical markets and geographic regions.
The company reports that it has retained the services of Mr. Ray Wyman as investor relations counselor to the corporation, Plan A Public Relations & Marketing, Inc. for PR and end-user market communications, and a specialty sales organization based in Minneapolis, MN for direct sales initiatives.
"We are targeting the main thrust of our sales and marketing efforts to service faith-based organizations, academic education, corporate training, destination marketing, and sports-centered organizations," says Moreland.
Vidaroo's cloud-based system offers a feature-rich and intuitive video distribution and syndication platform. Among its unique capabilities is live-streaming, on-demand playback through channel creation, social media sharing and distribution, fully native ad rotation, and customizable player themes that are managed by self-service administrative controls. Billing and signup processes are fully automated. Video programs are installed with a simple one line "embed code" that can be easily applied to any website destination. Vidaroo's platform works well for both on-demand and enterprise use.
About Vidaroo (OTCQB: VIDA)Vidaroo, Inc. (http://finance.yahoo.com/q?s=vida), based in Altamonte Springs, FL, is the provider of an innovative cloud-based video distribution and syndication software platform. The company has been providing its SaaS solution for more than 6 years. Current Vidaroo customers come from various industries, including large churches, advertising agencies, media companies, academic educational institutions, and corporate training organizations. Among its past clients include national brands such as Microsoft, Coca-Cola Company, Tribune News Company, Toyota, Emmis Communications, Clear Channel, Black Eyed Peas, Justin Timberlakeand others. Vidaroo's cloud-based video publishing technology enables its customers to easily create, deliver and monetize video and advertising delivery. For more information, visit http://vidaroo.com or contact Vidaroo by calling (321)293-3360.
FORWARD-LOOKING STATEMENTSSome of the above statements may be 'forward-looking' statements as defined by section 27A(c)(1)(A)(i) of the Securities Act of 1933. See http://vidaroo.com/about/investors/conduct for a full safe harbor disclosure statement."
Though this is a great news release, the recognition that it has been a month since this announcement, leads management of
Penny Stock Dream to believe that there may very well be further news announcements to come within the very near future. Hopefully future announcements will be able to drive the sort of interest into this company that will be needed for a significant next leg up on the chart.
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