Andiamo Corp (OTCMKTS:ANDI) continues to be the surprise story of the OTC. ANDI has rocketed up +1500% since the start of 2018 and now is trading strongly above the $0.0030 mark, whereas earlier this month it hovered in the $0.002 range. The catalyst has been the strong showing at CES and the company’s mid-level smartphone growth plan. Now, there is no telling when this ride will end, but ANDI is reminding investors what the OTC is really about.
In regard to the phones themselves, ANDI is saying that they will be available on shelves in mid to late 2018. The phones are being vetted and could offer lower income countries a high-quality phone for less. So, it would be late this year when revenues possibly hit. Those revenues would be another boost to the stock price for ANDI. Not to mention, the company will be releasing more news about the launch of the phones, which will interest more and more investors.
Andiamo Corp (OTCMKTS:ANDI) bills 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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Financially, the balance sheet is strong with $155,165 in total assets and only $44,500 in total liabilities. Also, and this is also important for potential shareholders, the company is not going to be taking on toxic debt. Here is a quote from shareholders:
“Question: What has been done with old debts?
Answer: We are negotiating those and they will be settled without diluting the stock.“Question: Will the company do a reverse split?
Answer: We do not feel that is necessary and with our projections we feel we can see the price per share reflect our value.“
Andiamo Corp (OTCMKTS: ANDI) is carrying a capital value in the market of $5,546k, ANDI is also seeing strong volume at a 10-day average of 77.79M. We will update the story again soon as developments transpire. 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.