Welcome to the Daily Picks! Where Uptick staff looks for new companies to feature, giving readers the opportunity to find new possibilities for their investment portfolios.
SGBY: Signal Bay, Inc.
Signal Bay, Inc. (OTCQB: SGBY) a Life Science company and the market leader in cannabis testing and laboratory services is pleased to announce that the Company has been uplisted and approved for trading on the OTCQB Marketplace for early stage and developing U.S. and international companies. The company has also engaged and appointed Christian Carnell, CPA as Chief Financial Officer (CFO).
“With this successful uplist the company is now strategically positioned on the OTCQB Venture Marketplace. We believe that the increased transparency, reporting standards, management certification and compliance requirements of the OTCQB that are representative of our commitment to our shareholders will result in greater liquidity and investor awareness of the Company’s business model” stated CEO William Waldrop.
SAENF: Solar Alliance Energy, Inc.
Solar Alliance Energy, Inc. (‘Solar Alliance’) or (the ‘Company’) (TSX VENTURE: SAN) (OTCQB: SAENF), a solar sales, marketing and development company, has released its unaudited consolidated financial results for the third quarter as well as the year-to-date as of September 30, 2016.
“Sales revenue at Solar Alliance has grown 300% compared to the same quarter in 2015 and 770% when compared to the nine-months ending in September 2015. We anticipate that strong growth will continue throughout the remainder of the year,” said Solar Alliance Chairman and CEO Jason Bak. “Currently, Solar Alliance has an order backlog of approximately $2,900,000, which will be recognized as net income as these solar systems are installed in the coming months. Our team continues to reduce customer acquisition costs and streamline the installation process, while creating a customer experience that is second to none. As a direct result of strengthening our San Diego-based management team in order to scale our business and improve profit margins, we expect profitability in early 2017.”
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