Greenlite Ventures Inc (OTCMKTS:GRNL) Stock On Radar After a Major News

Greenlite Ventures Inc (OTCMKTS:GRNL) which is better known as Game Time Productions was in focus this week after it announced that it had inked an exclusive consulting agreement with Dave Vincent, the simulated altitude pioneer. By way of this agreement, Vincent is going to be responsible for leading the company’s entry into the emerging altitude training market and other related spaces.

Trading Data

On Wednesday, GRNL stock moved down 4.89% to $0.6600 with more than 800 shares traded, compared to volume of 10.56K shares. The stock moved within a range of $0.6600 – 0.6999 after opening trading at $0.6999.

Dave Vincent Signs with Greenlite Ventures

At this point, Vincent is responsible for the operations and ownership of Sporting Edge UK. Sporting Edge is one of the major manufacturers and suppliers of Simulated Altitude and Environmental Chambers in the European market. In this new role as a consultant, he is going to work on turning Greenlite Ventures into one of the leaders of the fast growing altitude training space in the United States.

That would be achieved through the exclusive deployment of breakthrough systems as well as technologies which would be included in subsequent agreements related to exclusive licenses and patents. Vincent is going to use his long term association with one of the major players in the professional sports conditioning industry for accelerating the market penetration of Greenlite Ventures into this particular space. Investors could do well to keep an eye on further developments.

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.