Ideal Group of Companies Inc. (OTC: IDGR) Stock on Watchlist After Data Sharing Agreement to Monetize Ideal Group’s Databases
This morning most investors are going to be looking into the stocks of those companies that had been in the news wires yesterday, and hence, the Ideal Group of Companies Inc. (OTC: IDGR) stock could be one worth watching. Yesterday, the company was in significant focus after it made a major new announcement about a new joint venture.
Joint Venture
The company announced yesterday that it had gone into a joint venture with the firm Offerstreet LLC with the main aim of monetizing Ideal Group of Companies’ proprietary databases. In the news release, the company also stated that the number of such databases goes into millions. As per the terms of the agreement between the two companies, Ideal Group of Companies would supply the proprietary databases to Offerstreet so that the latter could work on them.
Key Details
Offerstreet would be responsible for the management, filtration, sorting, and vetting of the data. Eventually, the processed data would be used for the purpose of boosting its email marketing promotions and programs. The company revealed that the joint venture would also help generate recurring revenues and opened up a lucrative new source of direct monetization of the databases under Ideal Group of Companies’ control.
CEO Quote
Charles Cardona, CEO of Ideal Group of Companies, Inc., stated, “Our proprietary databases remain a valuable asset that the company will look to monetize through licensing and joint-venture opportunities. This relationship with Offerstreet promises to become a valuable recurring revenue source for both participants. We are looking forward to working with this successful group who have years of experience in monetizing digital assets similar to ours in order to create the top ROI in the industry.”
Technicals
| +/- EMA(20) | 0.0089 (+2.25%) |
| +/- SMA(50) | 0.0098 (-7.14%) |
| +/- SMA(200) | 0.0107 (-14.95%) |
| 5-Day Perf. | +13.75% |
| 1-Month Perf. | -4.21% |
| 3-Month Perf. | +51.67% |
| 6-Month Perf. | -8.08% |
| YTD Perf. | +1.11% |
| 1-Year Perf. | -93.68% |
| RSI(14) | 50.97 |
| ATR(14) | – |
| ADX(14) | 16.08 |
