Daily Stock List
ImmuDyne, Inc. (IMMD)
PennyStocks24, Buzz Stocks, Planet Penny Stocks, Penny Pick Finders, SecretStockPromo, PennyStockProphet, and StockOnion reported previously on ImmuDyne, Inc. (IMMD), and we are highlighting the Company today, here at the QualityStocks Daily Newsletter.
ImmuDyne, Inc. is a health, wellness and skincare company that is commercializing a portfolio of proprietary topical and orally delivered products. These rely on the Company’s patented and pure Yeast Beta Glucan ingredients. ImmuDyne has developed proprietary topical and oral products and delivery technologies with a number of new market opportunities. In addition, ImmuDyne manufactures and sells yeast beta-1,3/1,6 glucan for oral and topical uses. ImmuDyne has offices in Mt. Kisco, New York; Tampa, Florida; and Florence, Kentucky. The Company’s shares trade on the OTCQB.
By way of a highly complex, proprietary process that uses best-in-class technology, ImmuDyne can extract highly purified beta-1,3/1,6-D-glucan from the cell walls of Saccaharomyces cerevisiae. ImmuDyne says that it is well-established in the scientific community that beta-glucans are powerful activators of the innate immune response. Recent studies indicate that yeast beta-1,3/1,6-D-glucans can also activate adaptive immune responses.
The Company’s products include iNR Wellness™. iNR Wellness is a nutritional supplement. It naturally supports the immune system with PURACERE™ and a vitamin C complex. Furthermore, products include iNR Wellness MD. This is a nutritional supplement. It naturally empowers one’s immune system with PURACERE™, IP-6, and a vitamin C complex.
In essence, ImmuDyne’s strategy is to create new market spaces within the wellness industry through the launch of clinically researched, doctor recommended immune support products and services. Its vision is to establish a worldwide communications platform that will educate consumers about the importance of immune health and the clinically proven health benefits of PURACERE™ and NAYAD®.
ImmuDyne announced in October 2015 that it entered into a semi-exclusive marketing agreement with Inate Scientific, LLC. This is to launch a complete skin care regime that will be based mainly on strategic ingredients provided by ImmuDyne. Inate Skincare’s founders agreed to provide up to $2,000,000 in non-dilutive capital to finance direct marketing initiatives. ImmuDyne owns 78.16667 percent percent of Inate Scientific and has a 51 percent voting interest in the company.
ImmuDyne, Inc. (IMMD), closed Friday's trading session at $0.2718, down 2.93%, on 82,012 volume with 22 trades. The average volume for the last 60 days is 49,868 and the stock's 52-week low/high is $0.03/$0.395.
Freestone Resources, Inc. (FSNR)
TopPennyStockMovers reported previously on Freestone Resources, Inc. (FSNR), and we choose to report on the Company today, here at the QualityStocks Daily Newsletter.
OTCQB-listed Freestone Resources, Inc. is an oil and gas technology development business. Its objective is to develop new technologies that allow for the utilization of the nation’s extensive resources in an environmentally responsible and cost-effective manner. The Company’s “Petrozene” is an innovative solvent that has been shown to positively affect many aspects of the oil and gas industry. This is from production and storage to end cycle refinement. Petrozene is used as an additive and it provides a cost-effective solution for dealing with tanker sludge, paraffin problems, storage tank maintenance, and more. Freestone Resources has its corporate headquarters in Dallas, Texas.
Petrozene superior flow technology is hydrocarbon-based. This allows for a non-contamination use in manifold aspects of oil and gas production and refinement. Freestone Resources has its prototype Oil Recovery Unit (ORU). It was designed and built to demonstrate the technology’s ability to separate oil from oil sand and oil contaminated soil without the use of water, steam, or hazardous chemicals. The ORU technology was developed, and is wholly-owned by Freestone Resources.
Aqueous Services, LLC is a Texas-based joint venture (JV) water management company developed by Freestone Resources, Pajarito W&M, LP, and International Aqueous Investments, LLC, to meet the water requirements of exploration and production companies, and also other industry partners that are operating in the Eagle Ford area of South Texas.
Freestone Resources is partnering with a company that has wide-ranging experience in the waste-to-energy industry. This includes gasification and pyrolysis technologies alike to those that can be used for the production of Petrozene. Freestone Resources and this company have located numerous sites throughout North America that are strategically situated for the expansion of Petrozene.
In June 2015, Freestone Resources and Dynamis Energy, LLC announced a JV intended to vertically integrate the Petrozene product line. With the agreement, Freestone and Dynamis will share resources with the aim of normalizing supply of the chemicals needed for the production and supply of Petrozene. Freestone Dynamis Energy Products, LLC is this JV formed between Freestone Resources and Dynamis Energy to operate specialized pyrolysis technology, which will be used in the production of Petrozene.
This past March, Freestone Resources announced it started sales of Petrozene via its majority-owned venture, Freestone Dynamis Energy Products (FDEP). FDEP was created to commercialize Petrozene, and to control the production process so as to elevate Petrozene to one of the top petrochemicals in its class. FDEP entered into its first sales agreement to provide Petrozene to oil and gas producers and regional transport companies in west Texas, which suffer from production and transport-related issues because of paraffin and asphaltene buildup.
Freestone Resources, Inc. (FSNR), closed Friday's trading session at $0.10, up 17.65%, on 6,523 volume with 3 trades. The average volume for the last 60 days is 12,701 and the stock's 52-week low/high is $0.06/$0.23.
PositiveID Corp. (PSID)
SeeThruEquityResearch, TaglichBrothers, SMS Penny Picks, Jet-Life Penny Stocks, Equity Observer, HotStockProfits, Value Penny Stocks, Shiznit Stocks, Fast Money Alerts, Penny Stock General, Stock Shock and Awe, RedChip, SmallCapVoice, PennyStockInformer, PennyStockLaboratory, Winston Small Cap, Stock Preacher, InvestorSoup, SuperStockTips, Penny Stock Craze, Penny Stocks Finder, Beacon Equity Research, and Stock Commander reported recently on PositiveID Corp. (PSID), and we report on the Company as well, here at the QualityStocks Daily Newsletter.
A life sciences enterprise, PositiveID Corp. is a developer of biological detection and diagnostics solutions. The Company is a developer of biological detection systems for the U.S. homeland defense industry and rapid biological testing. Its emphasis is on the development of microfluidic systems for the automated preparation of and performance of biological assays to detect biological threats at high-value locations and analyze samples in a medical environment. It acquired MicroFluidic Systems (MFS) in May of 2011. PositiveID is based in Delray Beach, Florida.
MicroFluidic Systems (MFS) specializes in the development and production of automated instruments for detecting and processing biological samples. Its core technology is used for airborne pathogen detection, rapid clinical diagnostics, and sample preparation applications.
Concerning Molecular Diagnostics, PositiveID’s products include M-BAND and Firefly. The Microfluidics-based Bioagent Networked Detector (M-BAND) developed by MicroFluidic Systems (MFS) is a bioaerosol monitor with fully integrated systems with sample collection, processing, as well as detection modules.
PositiveID is developing the Firefly Dx detection system. Firefly Dx is its real-time, hand held, polymerase chain reaction (PCR) pathogen detection system. This system is a two-part device. It consists of a portable handheld instrument with wireless Bluetooth communication and disposable single-use cartridges containing all vital analytical elements.
PositiveID is developing Firefly Dx based on intellectual property (IP) and knowledge gained during years of development and $30 million of contract funding from the U.S. Department of Homeland Security for its M-BAND system. The system utilizes PCR for the identification of airborne bio-threats.
PositiveID announced in October 2015 that it entered into an agreement to acquire the capital stock of Thermomedics, Inc. Thermomedics manufactures and markets the FDA-cleared Caregiver® non-contact clinical-grade thermometer. This acquisition is a part of PositiveID’s total growth strategy to add revenue-generating, complementary products with significant market penetration potential to its portfolio.
Last week, PositiveID announced that it successfully detected the Zika virus on its Firefly Dx polymerase chain reaction (PCR) breadboard prototype pathogen detection system. The Company used assay partner GenArraytion, Inc.’s Aedes Aegypti MultiFLEX™ Bioassay test that targets four genetic regions of the Zika virus, on PositiveID’s Firefly Dx prototype system. The Zika virus test works with an existing GenArraytion MultiFLEX™ Bioassay panel, which targets viruses that cause dengue fever, yellow fever, and Chikungunya (which are also carried by the same mosquito and are known to cause febrile disease in humans). The test identifies and discriminates between the Zika African and Brazilian lineages.
PositiveID Corp. (PSID), closed Friday's trading session at $0.0084, down 11.58%, on 33,209,820 volume with 418 trades. The average volume for the last 60 days is 12,371,253 and the stock's 52-week low/high is $0.005/$0.0498.
EMAV Holdings, Inc. (EMAV)
Today we are reporting on EMAV Holdings, Inc. (EMAV), here at the QualityStocks Daily Newsletter.
A development stage entity, EMAV Holdings, Inc. is performing a roll-up of select car dealerships, which meets its unique criteria. The Company’s objective is a minimum of 20 dealers under management by year-end 2017. EMAV Holdings operates as an electric motors and vehicles company. Its intention is to design, assemble, and sell premium electric rugged sport adventure vehicles. Established in 2010, EMAV Holdings lists on the OTC Markets’ OTCQB and the Company is headquartered in Irvine, California.
In addition, EMAV looks to provide commercial electric vehicles, including EMAV power stations, and fleet, delivery, and multi-purpose vehicles for commercial applications, and also for the military, homeland protection, civil, and law enforcement markets.
Regarding EMAV’s acquisition model, it targets mid-sized dealers, privately-owned, with a regional focus. The markets are "Tier 2" markets and/or a "hub town" where customers travel up to 25 miles to a dealership. The Company’s acquisition model includes all available Independent Brands, and acquisition model metrics include Sales Revenue greater than $20.0M; the purchase price 4-6x net income with cash and equity.
Concerning Electric Vehicles, the Company’s wholly-owned subsidiary, Electric Motors and Vehicles Company, Inc. (EMAV), is a new car company. The anticipation is that the sales, marketing, and administrative functions for its commercial electric vehicles will be operated out of the Detroit, Michigan area. The Company states that all other functions, including though not limited to all assembly operations; sales and marketing for its consumer sales; and all other general corporate administrative functions will be conducted in a facility, which location EMAV has yet to determine.
Pertaining to Consumer Vehicles, EMAV will design, assemble, and sell premium rugged sport adventure vehicles (SAVs). Its emphasis will be on offering electric versions. The Company’s plan is to commence shipments of its signature vehicle, the EMAV ES, in the Spring of 2017. It plans to commence shipments of its plug-in hybrid electric Ford F-150 in early 2017.
In late December of 2015, EMAV Holdings announced it entered into an Equity Purchase Agreement with Tarpon Bay Partners LLC. Tarpon Bay is an institutional investor. This Agreement creates a new $5,000,000 credit financing mechanism. The proceeds will be used to fund acquisitions for EMAV Holdings, manufacturing and marketing operations for EMAV’s commercial electric vehicles, and also for general working capital purposes.
EMAV Holdings, Inc. (EMAV), closed Friday's trading session at $0.04, even for the day. The average volume for the last 60 days is 10,897 and the stock's 52-week low/high is $0.0075/$0.60.
Intellinetics, Inc. (INLX)
Today we are highlighting Intellinetics, Inc. (INLX), here at the QualityStocks Daily Newsletter.
Established in 1994, Intellinetics, Inc. is an Enterprise Content Management (ECM) software company based in Columbus, Ohio. The Company concentrates on cloud-based document solutions for the Small to Medium Business (SMB) market. Intellinetics partnered with Intel to create the IntelliCloud Channel Program, which makes it easy to add turnkey document workflow solutions to the copiers, productivity software and services they already provide. Intellinetics lists on the OTC Bulletin Board.
The Company’s cloud-based computing software is customizable for every client. This makes it applicable to almost any industry, including Healthcare, Financial Services, and Education. Intellinetics provides a low-cost delivery model. This permits quick implementation and reduced storage requirements.
The above-mentioned IntelliCloud provides dealers a “deploy once, use many” innovation; one IntelliCloud customer sale/activation creates boundless possibilities to add other software applications, which deliver more value and increase revenue. The IntelliCloud™ Document Workflow Management suite allows Small and Midsize Enterprises (SMEs) to easily capture paper or digital documents and connect them to business processes to lessen costs. This is while increasing accessibility, security, as well as compliance.
Intellinetics’ emphasis is on IntelliCloud Program growth within three specific partner profiles. One is Office Equipment Dealers (OED) - Copier dealers who also provide value added software, service and technology services. The second is ECM Value Added Reseller (VAR) - Expert ECM software, hardware and service providers. The third is Software Solution Providers - Enterprise Resource Planning (ERP) or other software applications with proprietary IntelliCloud Integration.
Last month, Intellinetics announced financial results for Q1 ended March 31, 2016. Revenues for the three months ended March 31, 2016 were $603,391 versus $583,775 for the same period in 2015. The increase was mainly attributed to a considerable increase in revenues from the sale of software as a service (SaaS), software maintenance services, professional services, and third-party services, offset by a planned reduction in the Company’s legacy software sales.
The Company’s Net Income Loss was ($535,765) for the March 31, 2016 quarter versus ($208,857) for 2015’s March quarter. Adjusted EBITDA was ($112,875). Net Loss Per Share for Q1 2016 was ($0.03) versus the Q1 2015 Loss Per Share of ($0.03).
Intellinetics, Inc. (INLX), closed Friday's trading session at $0.95, down 4.04%, on 6,600 volume with 5 trades. The average volume for the last 60 days is 7,288 and the stock's 52-week low/high is $0.51/$1.32.
International Stem Cell Corp. (ISCO)
The QualityStocks Daily Newsletter would like to spotlight International Stem Cell Corp. (ISCO). Today, International Stem Cell Corp. closed trading at $2.31, up 4.05%, on 14,100 volume with 42 trades. The stock’s average daily volume over the past 60 days is 6,386, and its 52-week low/high is $1.25/$7.50.
International Stem Cell Corp. (ISCO) specializes in the therapeutic applications of human stem cells and the development and commercialization of cell-based biomedical products. The company was the first to develop and perfect a new class of human stem cells called parthenogenetic stem cells, created from unfertilized human eggs. ISCO has a strong patent portfolio offering clean intellectual property and freedom to operate. The company’s stem cells present superior immune matching capabilities and can be used in millions of people regardless of sex or racial background, with minimal expectation of immune rejection after transplantation.
The company’s human stem cells have been shown to be as pluripotent as embryonic stem cells, however their creation does not involve the destruction of a viable human embryo, which effectively sidesteps the controversy and ethical dilemmas associated with the use of human embryonic stem cells. In contrast to induced pluripotent stem cells, ISCO’s stem cells do not involve manipulation of cells’ genome thereby avoiding potential safety and regulatory obstacles in clinical applications.
The company's scientists are currently focused on using its stem cells to treat severe unmet medical needs of the central nervous system (Parkinson’s disease), the liver and the eye, where cell therapy has been clinically proven but is limited due to the unavailability of safe human cells. Once the technology has been clinically validated there are an essentially unlimited number of potential applications. Because of their immune-matching ability a relatively small number of these stem cell lines could offer the potential of producing the first true stem cell bank as a means of serving populations of different immune types across the globe.
In addition to its therapeutic focus, ISCO also provides a growing revenue stream through two wholly owned subsidiaries. Lifeline Cell Technology specializes in producing primary human cells and growth media for biological research, and Lifeline Skin Care, the company manufactures and markets advanced anti-aging skincare products utilizing the company’s expertise in stem cell biology. Disclaimer
International Stem Cell Corp. Company Blog
International Stem Cell Corp. News:
International Stem Cell Corporation Announces Publication of Preclinical Results Demonstrating Treatment of Parkinson's Disease in Cell Transplantation
Cryoport to Provide Cold Chain Logistics Support for International Stem Cell Corporation's Phase I Clinical Trial for the Treatment of Parkinson's Disease
International Stem Cell Corporation Announces Operating Results for the Three-Months Ended March 31, 2016
eXp World Holdings, Inc. (EXPI)
The QualityStocks Daily Newsletter would like to spotlight eXp World Holdings, Inc. (EXPI). Today, eXp World Holdings, Inc. closed trading at $1.87, up 3.89%, on 4,555 volume with 7 trades. The stock’s average daily volume over the past 60 days is 12,420, and its 52-week low/high is $0.51/$1.976.
eXp World Holdings, Inc. (EXPI) is the holding company for a number of businesses, most notably eXp Realty LLC, the Agent-Owned Cloud Brokerage™. eXp Realty is a full-service real estate brokerage offering 24/7 access to a suite of collaborative tools, training features and socialization channels designed to meet the unique needs of real estate brokers and agents. By creating a fully-immersive, cloud office environment for real estate professionals, eXp effectively reduces agents' overhead, increases their profits and provides greater service value to consumers.
Through eXp Realty's innovative platform, agents and brokers are afforded the opportunity to earn equity in exchange for production and contributions to company growth. Additionally, eXp features an aggressive revenue sharing program that pays agents a percentage of the gross commission income earned by fellow professionals they recruit into the company. The result is a shared ownership community featuring a synergistic and collaborative group of forward-thinking, entrepreneurial professionals. With the emergence of the internet as the most powerful property marketing and advertising medium, eXp's internet and cloud technologies have helped thousands of consumers find, buy or sell homes without the need for a brick and mortar real estate office.
Since its launch in October 2009, eXp Realty has experienced rapid growth, with brokerage service now offered in 35 U.S. states and Alberta, Canada. In February 2016, the company officially welcomed its 1,000th real estate professional into its family of agent-owners, up from just 467 agents at the end of 2014. Following this achievement, the Agent-Owned Cloud Brokerage claimed a spot among the top 50 real estate brokerages in the United States based on agent count, according to data from RISMEDIA's 2015 PowerBroker 500 Report.
Similarly, eXp Realty generated record financial results during 2015. Following the launch of two new initiatives – including an online lead generation program and a stock compensation plan – the company achieved a 71 percent year-over-year increase in net revenues, recording $22.87 million for the year. As it continues to expand its footprint across North America, eXp Realty will look to leverage its unique agent-owned business model to continue attracting driven, entrepreneurial agents and real estate industry leaders while promoting sustainable financial growth. Disclaimer
eXp World Holdings, Inc. Company Blog
eXp World Holdings, Inc. News:
eXp World Holdings, Inc. CEO Invited to Speak at Mendix World
eXp World Holdings Real Estate Brokerage Division Appoints CEO and President
eXp Realty Launches in 4 More States and the District of Columbia
Giggles N' Hugs, Inc. (GIGL)
The QualityStocks Daily Newsletter would like to spotlight Giggles N' Hugs, Inc. (GIGL). Today, Giggles N' Hugs, Inc. closed trading at $0.08, up 2.56%, on 7,550 volume with 4 trades. The stock’s average daily volume over the past 60 days is 18,483, and its 52-week low/high is $0.0137/$0.25.
Los Angeles-based Giggles N' Hugs, Inc. (GIGL) is a first-of-its-kind, award-winning family restaurant and play space that combines organic gourmet food with the play elements for children in a 2500-square-foot play space in the middle of the restaurant. The concept is similar to Chuck E. Cheese, but offers a unique healthier, high-end version for health conscious parents and families. Parents eat and relax while the kids have an incredible time playing in the custom-made play area with giant climbers, dragons, castles, pirate ships slides and swings and a multitude of other toys.
In addition to nightly shows and concerts, every 30 minutes Giggles N' Hugs provides an activity such as face painting, disco dance parties, karaoke, games, arts and crafts, and much more. Giggles N' Hugs has been voted the No. 1 family restaurant, No. 1 birthday party place, and the No. 1 indoor play space in all of Los Angeles, and has attracted a star-studded list of customers including Sandra Bullock, Heidi Klum, Jessica Alba, Halle Berry, Jennifer Garner and Ben Affleck, Denis Quaid, Mark Whalberg, Adam Sandler, Dustin Hoffman and many more.
Revenue is derived from several sources, including food and beverage sales, beer and wine, birthday parties (40%), admission and membership fees to play, along with retail sales. These revenue-generating locations are also highly sought-after tenants. The company currently has three locations in the top premier malls around Los Angeles; four of the largest mall owners in the country are giving Giggles N' Hugs up to 75% discounts on rent and providing upward of $700,000 of upfront cash for each location to get Giggles N' Hugs into their malls around the country.
Growth and recognition of this caliber are driven by a very powerful management team. Giggles N' Hugs President John Kaufman was the COO at California Pizza Kitchen when the founders had just two locations. Joined by Giggles N' Hugs' CFO Phillip Gay, who at the time was CFO of California Kitchen, Kaufman grew the company from two to more than 100 locations – at which time it was bought by Pepsi Co. Kaufman was recruited as president of Koo Koo Roo Chicken, one of the fastest growing fast-casual concepts on the west coast, while Gay joined Wolfgang Puck Restaurants group as CFO, eventually becoming the CEO.
Giggles N' Hugs was founded as a truly "kid friendly" establishment catered specifically to the size, interests, and nutrition needs of children. Since opening its first Giggles N' Hugs in 2009, the company has received a steady stream of interest from more than 300 interested parties looking to expand the concept – via franchise or master licenses – in the U.S. as well globally in countries such as Germany, England, Dubai, Russia, Colombia, Australia , Singapore, Turkey, among the many more. Disclaimer
Giggles N' Hugs, Inc. Company Blog
Giggles N' Hugs, Inc. News:
Repeat: Giggles N Hugs to present at the 9th annual LD Micro Conference main event
Giggles N' Hugs, Inc. (GIGL) CEO Discusses 2016 Growth Strategies in Second QualityStocks Interview
Giggles N’ Hugs Signs Agreement with New York-Based Chardan Capital Markets
Oakridge Global Energy Solutions, Inc. (OGES)
The QualityStocks Daily Newsletter would like to spotlight Oakridge Global Energy Solutions, Inc. (OGES). Today, Oakridge Global Energy Solutions, Inc. closed trading at $0.4199, up 2.36%, on 16,888 volume with 9 trades. The stock’s average daily volume over the past 60 days is 57,554, and its 52-week low/high is $0.30/$2.40.
Oakridge Global Energy Solutions, Inc. (OGES) is an integrated energy storage solutions company focused on the design, development and manufacture of high-quality cells, batteries and power systems. The company's innovative 'Made in the U.S.A.' product line includes multiple lithium-ion technologies and form factors that are optimized to address three high-demand target markets – including stationary and grid storage; motive applications, such as electric and hybrid electric fleet vehicles; and specialty applications, such as military, aerospace, marine, medical and telecom backup.
Through a recent restructuring of its operations, Oakridge strategically positioned itself to expand its market reach moving forward. The company currently owns and operates two manufacturing facilities in Melbourne, Florida, which play an instrumental role in its efforts to meet the growing demand for its cutting-edge large format Pro Series golf car batteries and its small format Patriot Series RC batteries. These operations also allow Oakridge to bring stable employment opportunities back to the U.S., effectively highlighting its tireless commitment to the revitalization of the country's manufacturing industry.
The company also maintains a presence on the international stage through its recently formed subsidiary, Oakridge Global Energy Solutions Limited, Hong Kong. This subsidiary, which is expected to serve as the foundation for Oakridge's sales efforts throughout the Asia-Pacific region, was created primarily to address the tremendous international demand for its revolutionary stored energy solutions. The company also maintains a substantial interest in Leclanche S.A., a Swiss developer and manufacturer of large-sized lithium-ion batteries that was originally founded in 1909.
Oakridge has indicated plans to expand its presence in a collection of markets throughout Europe and Asia as it continues to build upon its established product development and manufacturing infrastructure. The company will lean on the expertise of its proven management team – which includes well over a century of combined industry experience – as it looks to increase its share of the $12 billion domestic battery manufacturing industry. Disclaimer
Oakridge Global Energy Solutions, Inc. Company Blog
Oakridge Global Energy Solutions, Inc. News:
Oakridge Announces Top Tier Management Team
Oakridge Global Energy Solutions (OGES) and CEO Steve Barber to Commence a 3 Part, 90-Minute TV Series -- "Power Up America"
Oakridge Energy Reports 2015 Annual Results and Recent Highlights
The QualityStocks Daily Newsletter would like to spotlight FlexWeek (FXWK). Today, FlexWeek closed trading at $0.555, even for the day. The stock’s average daily volume over the past 60 days is 55, and its 52-week low/high is $0.075/$1.15.
FlexWeek (FXWK) is a pioneer in the global peer-to-peer (P2P) marketplace with the introduction of a unique platform that allows timeshare owners to discover, book and offer unused vacation time directly to the public and other timeshare owners. This approach eliminates the need for timeshare owners to use costly trading platforms such as Interval International or RCI, while potentially reducing unused timeshare inventory.
FlexWeek's P2P website (www.FlexWeek.com) and mobile application is similar to AirBNB's $20 billion approach to the travel industry, but is the first and only P2P marketplace exclusive to fractional vacation ownerships. FlexWeek differs from the existing model, where timeshare weeks must be "banked" with a trading company such as Interval International or RCI, and instead charges the booking fees to the renter of the vacation time, eliminating the cost to the private timeshare owner.
The FlexWeek platform also addresses another specific industry challenge. The average timeshare is only booked 79% of the year, according to the American Resort Development Association's 2012 research survey. Whether or not a privately owned timeshare unit is used, the owner still has to pay annual maintenance fees, and most owners end up losing thousands of dollars in wasted paid-for vacation time over their ownership period. With FlexWeek, an owner of unused paid vacation time can now offer their specific booked week for rent directly to the FlexWeek marketplace to recoup cost or even make a profit on the rental. The glut of unused timeshare inventory allows a potential renter to stay in a very nice condo for a fraction of what they would pay in hotel fees making it a win-win for both the owner and the renter of the vacation time.
Led by founder Kristopher Chavez, who has more than 10 years of experience operating businesses that acquire, rent, sell and transfer timeshares internationally, FlexWeek's management team will leverage its collective expertise to facilitate the company's direction and growth in this new market. FlexWeek's leadership has founded rapidly growing sales organizations generating 8-figure revenues within a year's time, and has experience scaling other models to financial success and/or acquisition rapidly with limited investment. Disclaimer
FlexWeek Company Blog
FlexWeek, Inc. (FXWK): Stay in Vacation Homes around the World for Less than the Cost of Hotels
FlexWeek, Inc. (FXWK) Announces Engagement of QualityStocks Corporate Communications Suite
FlexWeek, Inc. (FXWK) is “One to Watch”
Today's Top 3
The QualityStocks Public Company Sponsor News
- Get profiles for new featured companies at clients.qualitystocks.net
- Agora Holdings, Inc. (AGHI) Updates Shareholders on FRAME Technology, Accounting Audit
- Alternet Systems (ALYI) Data Analytics Solution Gains Momentum with New Clients and Partners
- Cherubim Interests, Inc. (CHITD) Acquires (VICT) Victura Roofing and Cherubim Builders Group Oklahoma
- Dominovas Energy Corp. (DNRG) Welcomes Project Finance Team
- eXp World Holdings, Inc. (EXPI) CEO Invited to Speak at Mendix World
- FlexWeek, Inc. (FXWK) Stay in Vacation Homes around the World for Less than the Cost of Hotels
- Giggles N' Hugs, Inc. (GIGL) Repeat: Giggles N Hugs to present at the 9th annual LD Micro Conference main event
- International Stem Cell Corp. (ISCO) Announces Publication of Preclinical Results Demonstrating Treatment of Parkinson's Disease in Cell Transplantation
- Laguna Blends Inc. (LAGBF) Announces Private Placement
- Momentous Entertainment Group, Inc. (MMEG) Outlines Aggressive Growth Business Plan
- Monaker Group, Inc. (MKGI) Shareholder Update
- Moxian, Inc. (MOXC) Adopts Oracle Database Solutions to Support the Latest Payment and Transaction Platform, Enabling Intelligent Big Data
- Oakridge Global Energy Solutions, Inc. (OGES) Announces Top Tier Management Team
- OurPet's Company (OPCO) Sponsors 65th Annual BetterInvesting National Convention
- Star Mountain Resources Inc. (SMRS) Subsidiary Secures $500,000 Loan From a New York Public Benefit Trust