Andiamo Corp (OTCMKTS:ANDI) is stacking gain on gains today. Over the last 30-days, ANDI is up 1500% and continues to defy the odds operating in its proprietary foothold in the mobile tech world. Investors seem to be excited by the company on multiple fronts. The first is the planned launch of a lineup of 3 Utopya-branded smartphone devices in 2018 and with this the company is working on a secure contract with telecoms. These bits of news have caused ANDI to see over 350 million in shares swapped during the month of December.
ANDI has already been given the greenlight on most of its mobile software and already has first-class developers in Canada and India. In addition, the new phones will have “encryption-based email platform and a revolutionary type of messenger app, designed to ensure state-of-the-art data security.” On top of this, a highly-secure cloud storage service will be included, which will protect the information stored in the smartphones from potential intruders. Finally, it was also said that the company is planning to announce a host of new apps and partnerships as 2018 gets going. ANDI is really targeting the mid-level phone market here and with brand new innovations and reduced costs could see strong revenues.
Andiamo Corp (OTCMKTS:ANDI) promulgates itself as a company that Andiamo Corporation, a Wyoming domiciled publicly traded company, and its subsidiary Utopya is an emerging technology company focused primarily on the development and distribution of mid-market smartphone devices equipped with a proprietary software ecosystem.
As part of the company’s long-term vision, it intends on bolstering its technology IP (intellectual property) by acquiring stakes in complementary technology firms, when it makes strategic sense to do so. Utopya smartphones will come equipped with a software ecosystem that includes a proprietary Android Operating System (OS) skin, as well as a number of proprietary mobile apps available exclusively to Utopya users.
The company will be well positioned as one of the only mid-market smartphone companies to offer a proprietary software experience to its customers; this will be especially true in many emerging market economies, where competition is scarce and growth potential is enormous. Acquiring users into the software ecosystem will allow the company to develop a diverse array of revenue streams which will function as a distinct competitive advantage, while also providing a barrier to entry against prospective mid-market competitors.
Andiamo Corporation, through its subsidiaries, provides prepackaged software services. It provides mobile applications through the Apple iTunes App Store and the Google Android market in approximately 80 countries. The company was formerly known as Title Consulting Services, Inc. and changed its name to Andiamo Corporation in June 2011. Andiamo Corporation was incorporated in 2000 and is based in Lansing, Michigan.
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Mike Starkweather, President of ANDI, explained: “An early predictor of success when it comes to launching a new product is whether or not that product fulfills a need or solves a problem for customers. In emerging markets like the Caribbean, South America, Africa, and India, where smartphone ownership rates are still low but growing rapidly, consumers want access to high quality smartphones without having to pay exorbitant pricing. Their selection is very limited, and that’s where Utopya comes in.”
In other news, ANDI just put out a press release asserting that it is “making its biggest announcement to date as it reveals that prodigious lawyer and venture capitalist Mr. Loudon Owen is acting as an advisor to the company.” According to the release, “Mr. Owen is a force to be reckoned with. Early on in his impressive 25-year career, he was a co-investor, Director and co-Chief Operating Officer of Softimage, a world leader in high-end 3D animation, in its growth from 4 to 250 employees, to its IPO on NASDAQ and to its eventual sale to Microsoft.”
Andiamo Corp (OTCMKTS: ANDI) has a market cap of 4.06k with total cash on hand of 69.2k and debt ranging at 327k. ANDI promised its shareholders to get on top of the debt during the annual letter and we shall see what happens this year, but the company is racing towards launch, so revenues might be more important. We will write updates as they come. Sign-up for continuing coverage on shares of $ANDI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $ANDI, either long or short, and we have not been compensated for this article.