Trucept Inc.’s (OTC: TREP) Subsidiary Afinida Doubles in Size Amidst Higher Demand
Whenever positive news emerges about a company’s subsidiary unit, it brings the company into focus, and hence, it may be a good idea to consider keeping an eye on Trucept Inc. (OTC: TREP) this morning. The company came into focus yesterday after it announced that its subsidiary, Afinida Marketing, had doubled in size.
Huge Demand
As a consequence of higher demand from clients, Afinida Marketing had decided to add a new member to its staff and doubled in size in the bargain. The move would allow Afinida to not only meet the client demand but also accelerate its growth considerably. Due to the expansion, the subsidiary now boasts as many as 10 seasoned full-time marketers who would provide the full range of modern marketing solutions to the clients.
Further Information
It was also noted that the expanded team was perfectly capable of taking care of the current as well as future client demands. Some of the services that the team would handle include website development, full-service SEO packages, video advertising, and press releases, among others. At this point in time, it would be a good idea for investors to add the Trucept stock to their watch lists.
Management Comment
Afinida Marketing’s Digital Marketing Director, Glenn Iredale, said, “Our agency is primed to make an immediate impact for our clients. Scaling the team allows us to meet any client demands, and I’m excited at the opportunity to drive success through specialized offerings that demonstrate the unique strengths of each team member,” he added.
Fundamentals
| P/E Ratio | 1.7200 |
| PEG Ratio | -0.03 |
| Price to Book | 0.13 |
| Price to Cash Flow | 0.142021 |
| Price to Free Cash Flow | – |
| Total Sales (TTM) | 21.98 M |
| Revenue per Share (TTM) | 0.39 |
| Shares Outstanding | 52.762 M |
| Share Float (%) | 29.67 M (56.23%) |
| % Held by Institutions | 0.11 |
