Fastbase Inc. (OTC:FBSE) Stock in Focus On AI Buzz

It is only natural for investors to be on the lookout for companies that offer innovative solutions in competitive markets. Such companies can often generate handsome long-term gains. If you are looking for such a stock, then you could consider taking a closer look at Fastbase Inc. (OTC:FBSE) stock. It is a pioneering data-focused company that offers marketing solutions, and on September 12, it made a significant new announcement.

The company announced that it had made a move into the fast-growing artificial intelligence industry. It announced that it was going to integrate artificial intelligence capabilities into its existing information technology services portfolio. The company noted in its news release that the move was not only a technological leap but also a strategic evolution of its business. The company revealed that it intended to deploy artificial intelligence across its slew of services and introduce new offerings that would be specifically directed at improving the Google Ads performance of its clients.

The move was also in alignment with the company’s current mission of providing highly advanced solutions in the data-driven marketing solutions space. The Chief Executive Officer of the company, R. Refer spoke about the latest developments as well. He noted that the move into artificial intelligence was not a case of Fastbase chasing the latest trends but part of a conscious effort to provide more value to the company’s clients, shareholders, and the wider industry. He went on to note that the company was actively looking into the possibility of mergers with or acquisitions of companies that shared its vision.

The company believes that its entry into the artificial intelligence industry would put it in a position from which it could have longer-term growth and resilience. Artificial intelligence technology has become more and more central to strategies related to digital marketing, and hence, the move from Fastbase could prove to be a long-term positive.

The move could also be pivotal to the next phase of development at the company, which would involve mergers and acquisitions with companies that can either complement its business or strengthen it further.

As a company, Fastbase is involved in powering businesses that are on the lookout for important leads. The company boasts of having access to a database of more than 500 million business contacts across the world. By way of this service, the company provides complete information on names of individuals, job experience, email addresses, LinkedIn profiles, websites, phone numbers, and more on request.

The service offering is known as Leads Navigator for Business Contacts and is mainly targeted at companies that have an eye on return on investment. Fastbase offers the service for only $0.20 per lead, and clients do not need to register for the services either. The service provided by the company is path-breaking in nature since it offers business contacts at a competitive cost at any time. It can often be hugely beneficial to sales teams at different companies.

Ian Leigh

Ian Leigh is a specialist in analyzing stocks, SEC and OTC filings, and financials of public and privately-held companies. He has played a significant role in M&A activity, consulting with publicly-held firms on acquisitions and divestitures. He also consults on valuations and branding. He lectures at major universities and teaches at specialty financial schools.