Pingify International Inc.’s (OTCQB: PGFY) share volume skyrocketed on May 2nd, with 3,057,974 shares exchanging hands, over 23 times higher than its average three month volume of 128,780 shares.
With no recent news, one can only speculate as to why this uptick in volume happened. But let’s focus on what we do know about the company:
Pingify International Inc. has developed a unique communication system that allows the user to control the flow of information from any website by “requesting” only useful and relevant data. This is done by the Company’s primary development - The Personal Internet Notification Gateway ("PING"). The PING gateway is a system designed specifically to deliver relevant information in real-time to the user. All of this is done from one single application.
Pingify is the first mobile application built by Pingify International Inc. to take advantage of this Gateway. PGFY’s goal is to provide a simple notification tool that puts you in control of what you receive.
After closing at $.29 on May 1st, PGFY surged with 210% gains on May 2nd, closing at $.90.
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ImageWare Systems, Inc.’s (OTCQB: IWSY) share volume jumped on May 2nd, with 263,700 shares changing hands, significantly higher than its three month average of 196,432 shares.
This recent uptick in volume comes at the heels of news released by the company last week regarding its new partnership with IBM that brings the power of IWSY’s patented, multi-modal biometrics user authentication and cloud-based identity management platform to the IBM Cloud Platform, code name: BlueMix.
IBM BlueMix customers can now leverage ImageWare's Identity-as-a-Service (IDaaS), a cloud-based, multi-modal biometric identity management and user authentication platform, to easily provide user authentication solutions that meet their specific business needs. IBM clients can rapidly deploy IWS solutions when building applications in IBM BlueMix, which may include out-of-band authentication, mobile biometrics, mobile payment, desktop security, patient engagement, and more.
"Worldwide mobile device payments are expected to reach $400 billion by 2015, with more and more mobile devices being designed with biometric features," said Jim Miller, CEO of ImageWare Systems. "It is critical we work with leading technology companies, like IBM, to effectively and comprehensively address identity and access management security challenges facing businesses and consumers in the new big-data, smart mobile world. For more than a decade, we have been working in a variety of large and demanding environments. With IBM, we have a partner who delivers world-class cloud services for public, on-premise and private infrastructure platforms."
IWSY closed May 2nd at $1.76, five cents lower than it’s previous close of $1.81.
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PV Enterprises International Inc.’s (OTCPINK: PVEC) share volume surged to new highs on May 2nd, with 1,503,282,979 shares being traded, over six times higher than its three month average of 233,947,199 shares.
This growth in volume comes after news was released by the company earlier this week stating that the merger agreement with Go Charts Marine, LLC has been dissolved due to breach of contract.
"It is with our deepest regret that we had to terminate such a promising agreement with GCM," stated Peter Villiotis, CEO of PV Enterprises International, Inc. "The Company made every effort to come to an amicable agreement with GCM but unfortunately GCM was not able to fulfill their responsibilities in the merger and therefore it must be terminated. My responsibility is to the shareholders of PVEC stock and to abide by the rules set forth by the SEC."
One can only speculate as to how this news will affect the future of this Ft. Lauderdale Company, which was established in 1950 under the name ALAS International Holdings, Inc. before changing their name to PV Enterprises International Inc. in August 2013.
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MyECheck, Inc. (OTCPINK: MYEC), an electronic transaction data processor that provides an alternative payment solution to paper checks, payment cards, and automated clearing house payments in the United States, saw its share volume stay strong with 18,177,181 shares exchanging hands on May 2nd.
MYEC saw very small gains throughout the day, closing only .53% higher than its previous close of $.0379 at $.0381. With such strong volume, we can only speculate as to where this stock can go from here.
With no recent news, let’s focus on what the company does:
Its services include electronic check service for businesses and other organizations that accept payments online, over a mobile device, or over a telephone to generate electronic checks by directly integrating with the company’s payment engine; and check authorization service that enables merchants to verify consumer provided data, check the status of customer’s bank account, provide evidence that the consumer has authorized the check, and predict the likelihood of a check being returned unpaid.
The company also provides check guarantee service that enables merchants to ship products or provide services immediately since the check guarantee provider partner of the company warranties all approved checks and reimburses the payee (merchant) for financial losses incurred as a result of returned checks. The company serves a variety of customers, including Fortune 100 corporations, governments, Internet retailers, banks, and payment services providers. MyECheck, Inc. was founded in 2004 and is based in El Dorado Hills, California.
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