Software Effective Solutions Corporation (OTCMKTS:SFWJ) Stock Soars 63%: Here is Why

This morning plenty of investors are going to be looking into those stocks which made big moves yesterday and one of the stocks expected to come into focus is that of Software Effective Solutions Corporation (OTCMKTS:SFWJ). Following a key announcement from the company yesterday, the stock shot up by as much as 63% amidst heavy interest.

Software Effective Solutions (OTC:SFWJ) Secures Distribution Agreement with Netafim, World’s Leading Drip Irrigation Technology Firm

The company announced yesterday its unit Eko2o had commenced operations and had also signed a distribution agreement with the firm Netafim, which is one of the major drip irrigation technology firms in the world. It should be noted that it was not too long ago that Software Effective Solutions had managed to pick up a controlling stake in the firm Eko2o Environmental Solutions SAS, which is based out of Medellin in Antioquia.

Eko2o is involved in the development of infrastructure which is meant for the agricultural sector and is mainly focused on developing greenhouse and irrigation systems construction in South America. The Chief Executive Officer of Eko2o, Juan Ricardo Velez spoke about the latest development as well. He noted that the agreement with Netafim is expected to ensure that the company becomes a leading player in the greenhouse technology and irrigation systems spaces in Columbia.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.