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Altitude International Holdings Inc. (OTCMKTS:ALTD) Stock In Focus After Recent Development

Pete Matthews , , , ,

Shares of Altitude International Holdings Inc. (OTCMKTS:ALTD) gained a bit in the previous session after recent fall.

Market Stats

On Wednesday, ALTD stock moved up 2.2% to $0.0511 with more than 610K shares, compared to its average volume of 90K shares. The stock moved within a range of $0.0500 – 0.0589 after opening trading at $0.0500.      

Altitude International Announces Collaboration with RUSH Soccer

CMA Soccer LLC (CMAS), a wholly owned subsidiary of Altitude International Holdings, Inc. (OTCMKTS:ALTD), has signed a Management Consulting and License Agreement with NYC-based soccer giant, Soccer Partners America, a Colorado not-for-profit corporation (RUSH Soccer).

As per the terms, CMAS has agreed to administer, deliver and develop the RUSH Programs. The initial term is 10 years, with further automatic renewals for two five-year terms. CMAS has been granted an exclusive license to use the RUSH Soccer name, its logo, materials, technologies, and database in connection with the operation, marketing and exploitation of full time, school semester, school year and short time weekly, junior, adult, professional and family, boarding and non-boarding soccer programs.

Altitude International Holdings is based on a 213-acre property in Port St. Lucie that is all set to become RUSH Soccer’s new US Headquarters. Both companies are in agreement that a destination location with over 1000 beds available for events and housing for long-term and short-term stays for full time boarding and non-boarding student/athletes, are an impactful addition.

Altitude International Holdings and RUSH Soccer also intend to jointly launch the Altitude Rush High Performance Soccer School within their national network of clubs. They plan to grow CMAS’s full-time programs, while boosting soccer revenues and profit margins.

Traders Corner

ALTD stock is trading below the 20-Day and 50-Day Moving averages of $0.0596 and $0.0804 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.2084.

Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.