Vapor Group Inc (OTCMKTS:VPOR) reported that it has started taking orders for “iSmartGrow” hydroponic indoor growing system, “iSmartGrow”. It is a unique system, which cultivates all types of herbs and plants with little attention.
The experts speak
Yaniv Nahon, the Chief Operating Officer, stated that they are rapidly growing the types of products that they offer, to focus on those goods that represent the application of latest technology. These products are expected to have broad consumer appeal. The company is delighted about the iSmartGrow technology which comes in the list of automated, hydroponic growing systems.
This electronic growing system is enormously efficient in that it can cultivate 1-6 herbs or plants with little consumer attention and with ease. It covers an adjustable, unique, LED growth lighting system having white, blue and red lights. It boasts innovative nutrient watering mechanism, and it is flexible enough to cultivate herbs and plants up to 2 feet tall.
Dror Svorai, the President and CEO of Vapor, added that as he had previously reported, they are moving into the marketing and distribution of increased consumer electronics goods to support the historic lines of operations. They believe that this product line expansion and new strategy will increase FY2016 revenues and enhance overall profitability for shareholders’ advantage.
The performance
Vapor’s stock continues to trade in triple zero land, despite the fact that it reported revenue of over $4 million in FY2014, up 100% from the period, a year ago. This poor stock performance can largely be attributed to the heavy debt in company’s books. As per the latest 10Qfiling, the company carried debt of almost $4 million from the previous year quarter. Clearly, it is a point of focus for company as it has announced numerous debt reductions recently. Back in February, the company reported that they had paid debt of $148,000 in full before maturity.
Iddriven Inc (OTCMKTS:IDDR) Expects Strong Sales Growth Ahead
Earlier in July, Iddriven Inc (OTCMKTS:IDDR)’s CEO, Arend Verweij, released a letter to its shareholders. He stated that within a short period of time, they have achieved considerable success, and the credit goes to company’s shareholders. They have introduced the ‘Identity and Access Management’ software in 1Q2016, which has helped them to excel in the competitive industry.
The unique software is just what customers expect it to be: a product that authenticates the “Identity” of network users, defines who is allowed for “Access” to the networks, and lastly regulates the entire process in real time.
With the alarming incidence of small and large scale data breach regularly, and resultant exposure and loss, firms have shown their interest towards a cost-effective mechanism to customize, control and regulate, access for users. A user who does not require and does not has access to data cannot accidently transmit it to the wrong individual, leave it unprotected or steal it. The delight is all this facilities are being offered by easy-to-use ‘Iddriven’ solution.
