DETROIT, Nov. 16, 2018 (PENNYSTOCKS.NEWS) — nFüsz, Inc. (OTCQB: FUSZ), A company that focuses on augmented sales intelligence software and interactive videos, has announced today that they have signed an agreement to acquire Sound Concepts, Inc. The reason why this company is such an addition to nFüsz is that of the SaaS-based sales and gives loads of leads towards nFusz. Sound Concepts Inc. has almost half a million PAYING customers spread over 48 countries. If there is a way to go international, that’s a good start to acquire companies that operate in lots of different countries with a good paying customer list. Sound Concept Inc. focuses mainly on marketing and affiliate marketing. This acquisition should be finalized in January 2019 and is very important for the nFüsz company as they are heading towards NASDAQ. The intention for their uplisting is to raise up to $20 million. Right now they are reporting their revenues, so it looks promising for many shareholders as of now.
“The nFüsz and Sound Concepts businesses are highly complementary,” said Rory Cutaia. CEO of nFüsz. “We believe the combination of our technology, customers, and human capital will result in growth for the combined companies. We could not be more excited to join the two teams to deliver innovative solutions to the market.”
nFüsz has announced in their Form 1o-Q that they have provided information for the reverse stock split of expectedly 1 for 5 or 1 for 40. So their price per share will be increased as a requirement that is needed to be listed on the NASDAQ exchange. It could be initiated any moment over the next 12 months right now. The shareholders have given the company the approval for the reverse split.
“As I’ve said repeatedly, our focus is singular; to grow shareholder value. To obtain the type of value creation we require for our stockholders and ourselves, and as we execute our revenue generating initiatives, we want to make sure our shares are attractive and available to institutional investors through a broad range of broker dealers across the country, most of whom are only able to invest in companies whose securities trade on a listed exchange such as NASDAQ or NYSE. With the execution of the merger agreement with Sound Concepts and the continuing execution of the growth plans for what will be a combined business and market leader in the sales software sector, we are successfully completing and achieving the milestones needed to effectuate our uplisting to NASDAQ,” concluded Cutaia.
If you liked that video you just saw, you should wait for November 19th, 2018. The CEO, Rory J. Cutaia will post a video regarding the shareholders, updating information, their recent filings and many more interesting topics. It should give answers to the questions that have been raised for sure about their new progress.
About nFüsz, Inc.
nFüsz, Inc. (FUSZ) is a recognized leader in business-focused interactive video and the pIs a leading B2B focused interactive video creator and Sales Intelligence software maker. The company top product is notifiCRM It’s a platform for anyone that creates interactive videos and distribute them to anywhere they want. It should increase the conversion rate of up to 600%. They offer a whole new perspective in watching vi
deos as you can interact with it and respond with a click on a button.
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