Aftermaster Inc (OTCMKTS:AFTM) shares have been seeing some growing interest in recent action as the company moves toward getting more active. The stock is testing key support just above the one cent level, and that should pique some interest: the last time we saw it here, shares rallied 200% the next day and another 100% in the next couple months. To help flesh out the story, the company recently announced that it has entered into an agreement with Advantego Corporation (OTCQB:ADGO) to manufacture Aftermaster’s consumer and professional hardware products. Advantego Corporation will provide manufacturing services to Aftermaster through subsidiaries of Sichuan Jiuzhou Electric Group Co., Ltd, one of China’s largest and most respected manufacturers.
The company also recently engaged investor relations specialists MZ Group to manage a comprehensive strategic investor relations and financial communications program across all key markets. According to that release, MZ Group will work closely with management to implement a comprehensive capital markets strategy focused on increasing the Company’s visibility in the investment community. The new campaign will focus on Aftermaster’s plan to significantly ramp retail and online distribution in 2019 while also highlighting the market potential for new products currently under development.
Aftermaster Inc (OTCMKTS:AFTM) bills itself as AfterMaster, Inc., together with its subsidiaries, operates as an audio technology company in the United States.
It develops and commercializes proprietary audio and video technologies for professional and consumer use.
The company offers AfterMaster audio, a mastering, remastering, and audio processing technology that makes various audio source sounds louder, fuller, deeper, and clearer; ProMaster, an online music mastering, streaming, and storage service designed for independent artists; and Aftermaster Pro, a personal audio re-mastering device. It also provides Aftermaster Studio Pro and MyStudio, which are products for use in commercial audio applications.
In addition, AfterMaster, Inc. operates six recording and mastering studios that engineer mix and master music for independent and high profile artists. The company was formerly known as Studio One Media, Inc. and changed its name to AfterMaster, Inc. in September 2015. AfterMaster, Inc. was incorporated in 1988 and is based in Scottsdale, Arizona.
Set to Pop?
We started off by noting that AFTM recently hit the wires with several key announcements, including a manufacturing supply deal and new representation in the IR department to help generate more market enthusiasm and get the company’s powerful story in front of the market.
“We expect that 2019 will be a transformational year for Aftermaster and the timing was right to engage a high caliber firm such as MZ Group to share our story with the investment community,” stated CEO and Founder Larry Ryckman. “We believe as retail distribution accelerates for the Aftermaster Pro and new products for the gaming market become available, that our ability to create shareholder value will become increasingly apparent. MZ has a stellar track record and deep relationships within the investment community, we look forward to working closely with them to broaden our exposure with analysts, investors and potential sources of growth capital.”
Shares are hovering around key support just above the penny level. The last time we saw the stock here, as noted above, investors were quickly treated to a 300% rally on expanding volume.
Aftermaster Inc (OTCMKTS:AFTM) managed to rope in revenues totaling $207K in overall sales during the company’s most recently reported quarterly financial data. In addition, the company has cash levels in place at nearly $100K.