January 15, 2019 via www.BullishCharts.com
WebSafety is a software company that has created mobile apps for the Android and iOS operating systems. The Company’s DriveSafety App disables the mobile device from texting and performing other related distractions while driving a vehicle. The DriveSafety App also supplies driving Telematics to the driver or additional concerned parties in order to create a safer driving experience for those in the vehicle and for those on the highways and roads.
On Tuesday night WBSI Announced That Its New DriveSafety App Will Launch Next Month In February 2020.
DriveSafety is a mobile phone application that stops texting and driving. The estimated societal damage resulting from texting and driving is $129 billion annually including, among other costs, property damage and the expenses associated with more than 4,000 texting and driving fatalities.
“After much testing and anticipation, we intend to launch the DriveSafety app on February 24, 2020. We like so many concerned drivers have anticipated the day our solution to stop the texting while driving epidemic would be released,” stated Rowland Day, Founder and CEO of WebSafety, Inc. “Our DriveSafety app was created to stop distracted driving because drivers will not discipline themselves to leave the phone alone. Today’s drivers do not see the need to stop this dangerous habit; they only see a need to avoid being caught.”
This news has the potential to spark a monster rally.
We are anticipating a positive reaction from the Street, which could trigger a big move for this low-float alert.
Traders on the hunt for a triple-digit gainer should add WBSI to the top of their watchlist immediately!
Texting and Driving is the #1 preventable cause of driving deaths and injuries. DriveSafety locks your mobile device while driving to save lives and make our highways and roads safer.
WBSI Is First to Market With Only Patented Solution to Stop Texing While Driving
The $129 Billion Problem
In 2018, it was reported that texting while driving was responsible for 4,637 car crash deaths and quality-of-life costs of $129 billion or 15% of the overall societal damage caused by motor vehicle crashes. It is assumed that accidents, injuries, and property damage are SEVERELY UNDER REPORTED due to drivers not admitting to texting while driving.
For half a decade, parents, government agencies, insurance carriers, safety associations have been working to find solutions to stop distracted driving, but the continuing and growing number of accidents tells us that the problem is only worsening.
According to Statista in 2017 there were approximately 271million vehicles registered and 252 million drivers in the U.S.
The numbers from the largest group highlighted in our studies, targets the age group of 16 to 25, which accounts for approximately 49% of all texting while driving accidents. The moment a driver decides to engage in texting while driving, this distraction increases the driving risk by a factor of 23Xs. Large insurance companies like AAA have publicly labeled texting while driving as a “Growing behavioral problem.”
The texting while driving market is a worldwide problem. There are approximately 1.2 billion drivers in the world, driving in excess of 1 billion vehicles.
Forces are Rapidly Converging to Ban All Texting In Cars
WebSafety, Inc. (WBSI: OTC) patented the technology in the DriveSafety app, scheduled for launch in Q2 2020. DriveSafety puts life protecting safety in the hands of parents, employers, possibly even governmental entities to disable texting while driving. This is the primary-level-solution wherein the driver’s ability to text is disabled. The driver is not able to voluntarily re-set their own cell-phone-settings which removes the element of distraction activity. Unlike other competitors that have aimed to ameliorate the distracted driving practice through voluntary turn-off in phone “Settings” that may be cancelled at any time, the WebSafety / DriveSafetypatents offer a complete effective, appropriate, and highly relevant solution to a growing social and environmental highway safety concern.
DriveSafety will initially launch as a “freemium” app providing the ability to automatically lock your mobile device while driving. A subscription will unlock premium features.
If “DriveSafety” App Reaches 1% of the Total Addressable U.S. Market
With the ONLY solution that is patented and with effective marketing, WebSafety has the potential to reach several percent of the 252 million U.S. drivers market. If only 1% subscribes to this life-saving app at a low price of $3 per month per user, that could result in high-margin revenues close to $7.5 million per month, or $90 million per year which would likely translate to a market cap and share price that is magnitudes higher than the current values.
WebSafety COO, Bob Carroll, has scaled two companies to over $2 billion and over $3 billion in online sales.He was previously the CIO for Apollo Group increasing online sales from $400 million to approximately $2.3 billion. Bob then became the CTO for Education Management Corp. and oversaw their online growth increase from $1.3 billion to approximately $3.1 billion.
Saul Leal, the Chief Growth Officer for WebSafety was the GM of FamilyShare and was their chief architect of social media growth on Facebook (FB). Saul grew FamilyShare’s social media presence from nothing to approximately 275 million followers. FamilyShare became the biggest marketing organization on Facebook.
WebSafety Financial Statements listed in OTCMARKETS.COM demonstrate exactly what anyone would expect from a young company that is about to kick off with its star player. The one exception that stands out favorably, however, is the debt. In its most recent balance sheet, WebSafety lists a total of $3.6 million in liabilities/debt and 78% that is friendly debt provided by the founder and CEO, Rowland Day. Friendly or not, the debt is surprisingly small for a company with this positioning, leverage, and potential.
With only 11.5 million shares of common stock outstanding, and the potential to capture a significant portion of this very large and untapped “Texting While Driving” market beginning in just a few weeks, WebSafety is uniquely leveraged to enjoy upward revaluations of several magnitudes. We will leave price prognostications to others, but we feel that shares are highly undiscovered and undervalued.
WebSafety has prepared for the launch of DriveSafety in the next few weeks and as awareness of this opportunity begins to increase, we expect to see the share price move up steadily and substantially.
For more information see WebSafety.com and DriveSafetyApp.com.
WBSI’s DriveSafety App Goes Beyond The Car Insurance Companies Distracted Driving Awareness Commercials.
TV Commercials by State Farm, Geico, Allstate and Farmers Bring Awareness to the Dangers of Texting and Distracted Driving But They Do Not Stop It
“DriveSafety is the solution that the world has been waiting for to stop the increasing habit of texting while driving and other dangerous distractions while driving,” stated Rowland Day, founder and CEO of WebSafety.
“Car insurance companies such as State Farm, Geico, Allstate, Farmers, and Automobile Club of Southern California, to name a few, have been running TV commercials that bring attention to the dangerous habits of texting while driving and distracted driving in general. It is obvious that the car insurance companies need to stop distracted driving.”
“According to Crain’s Chicago Business, in 2016 State Farm incurred $35.8 billion in claims and loss adjustment expenses. When combined with the costs of running its auto insurance business, State Farm lost $7 billion for the year in that segment.”
“That was 65 percent higher than its $4.4 billion auto underwriting loss of 2015. State Farm’s staggering auto insurance loss is the most visible sign yet of how distracted driving and rising repair and medical costs are hammering car insurers. Many are hiking rates at levels not seen in years to try to keep pace with the claims payouts.”
“State Farm is not alone in feeling the financial effects of distracted driving. Due to the increase in claims and loss adjustment expenses, car insurance premiums have increased over 23% since 2011 and may continue to rise.”
According to the report, “The State of Auto Insurance 2019” issued by The Zebra, getting caught texting or using your phone will raise your insurance premium 20%, and it could exceed 50% in some states.
Rowland Day, the Founder and CEO of WebSafety stated, “We applaud the TV commercials that the car insurance companies have been showing to bring awareness to the dangerous habit of texting and other distractions while driving, but awareness is not the answer to stop distracted driving. Everyone already knows this. Distracted driving and its’ consequences are increasing every year. As new young drivers receive their licenses and drivers use their phones in their cars, drivers feel that they can safely perform tasks and functions on their phones while driving. Statistics tell a different story, highway death and injuries, property damage, and car insurance premium increases, show that distracted driving is an extremely dangerous habit that needs to be stopped.”
“Our DriveSafety app was created to stop distracted driving because drivers cannot discipline themselves to leave the phone alone. Focus groups indicate a false confidence by drivers between the ages of 16-40 that they can safely text and drive, they do not see a need to stop the habit; they only see a need to avoid being caught.”
The mobile app market is expected to grow 270 percent — from $70 billion in 2015 to $189 billion by 2020 — according to a new report by market researcher App Annie.
Time spent in apps increased 114 percent from 2014 to 2016. By 2020, games will account for 55 percent of app store revenues. Other categories will also grow quickly, as time spent in shopping and transportation apps is expected to grow three-fold.
By 2020, in-app advertising and app store revenue will each exceed their combined 2015 total. Both categories will see strong growth, yet in-app advertising is outpacing app stores, and the former’s share of revenue will expand from 58 percent to 62 percent. Two key factors driving this growth are the dramatic increase of time spent in apps (which has doubled over the past two years) and the doubling of the global installed base of smartphones and tablets to 6.2 billion in 2020.
We’ve done our very own chart analysis, and see the potential for a move back to its 52-week high of $2.00!
A move back to $2.00 from today’s alert price would show traders an over +66% ROI!
- Price in consistent uptrend and found support today on the mid channel trendline.
- Volume has seen a notable increase
- Moving averages have crossed bullishly and provide strong support.
- RSI in strong up trending channel, next touch is to the top of the channel.
- MACD had crossed Zero line and continues to rise as the Histogram also ticks higher.
- Momentum indicator has bounced of zero-line support.
- On balance volume rising.
WBSI has the potential to be our biggest bounce opportunity of 2020.
Tonight’s blockbuster announcement is sure to grab the attention of the Street.
The buzz around WBSI’s app launch could trigger on monster rally for this low-float oversold ticker.
Traders on the hunt for a low-float ticker with massive breakout potential should add WBSI to the top of their watchlist immediately.
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