Central Wireless Inc (OTCMKTS:CWIR) is on the move again, tacking on 7% in today’s session on above average volume. CWIR rocketed out of dormancy in September holding a 1000% increase since that time. The company has modified its business strategy since that time and the new plan seems to be gathering the interest of investors.
CWIR looks to acquire, finance, grow and re-brand operating businesses with current revenues between $5 to $30 million and potentially sell or spin-off each wholly-owned subsidiary onto a large exchange. The company really has the manpower and experience to do this after the acquisition of Inqubus, Inc, who has an experienced team. Furthermore, Inqubus, Inc.’s management team brought over 50 years of industry experience as well as a track record of high profile projects and clients.
Central Wireless Inc (OTCMKTS:CWIR) formerly National Corporate Systems, Inc., is a development-stage company. The Company is seeking a business combination with a qualified candidate with greater than minimal or no assets. The Company is also seeking to acquire an ongoing business or asset that it can develop. The Company focuses on a business incubator model. The Company offers capital and business resources, such as office space, and access to services, such as accountants, lawyers, technical professionals and networking connections, through its staff and other entrepreneurs in its incubator program. The Company also offers mentorship and networking. The Company focuses on investing in various companies for prototypes or proof of concepts.
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“As part of the company’s restructuring to bring shareholder value, the company has acquired Inqubus, Inc., and will soon rename the company to Inqubus, Inc. This is what is typically known as a reverse merger.This acquisition allows the company to move forward rapidly with the business plan of incubating small companies in many fields, including Internet of Things, Software, Medical Research, Superfood Drinks, Battery Technology and other businesses.”
On the financial side, CWIR’s revenues went up from $8,000 to $57,516 for the quarter ended March and June 2017 respectively. A net loss position was still seen, however, with a loss of $26,000 being exhibited and adding to a deficit of about $12,179,000. Most of these costs were allocated to new software and technology, however.
In addition, CWIR acquired The American Trucking Group/National Truck Funding (ATG/NTF), a transportation and financing company. This came in the wake of The American Trucking Group/National Truck Funding’s fall in revenues and EBITDA by over 21% in the last quarter of 2016.
Central Wireless Inc (OTCMKTS:CWIR) has a market cap of $8.79M and 1.95B shares out. CWIR is making the right moves and working a strategy that could be of value in this economy. We will be following up with an update soon. Sign-up for continuing coverage on shares of $CWIR 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 $CWIR, either long or short, and we have not been compensated for this article.