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Verify Smart Corp (OTCMKTS:VSMR) Stock In Focus After LOI with Canadian Company

Pete Matthews , , , ,

Last week the worldwide leader in innovative solutions and services Verify Smart Corp (OTCMKTS:VSMR) came on to the news cycle after it made a key new announcement. The company announced on May 2 that it had signed a letter of intent for the purpose of establishing a strategic partnership with the firm Stewart IT Services.

Trading Data

On Friday, VSMR stock ended flat at $0.0121 with more than 3.67K shares, compared to volume of 127.62K shares. The stock moved within a range of $0.0121 – 0.0121 after opening trade at $0.0132.

Verify Smart Executes Letter of Intent with Canadian Company

Stewart is one of the leading informational technology solutions and consulting firm which has been operating in Canada since as far long back as 1989. It was noted in the press release that it was a collaboration that was going to help both companies in boosting growth and service portfolios due to the natural synergies at work.

The collaboration would help in significant growth in the portfolios and expansion into new markets. There was also an announcement with regards to the launch of a brand new certification program in Canada.

This partnership would also help Verify Smart in making a move into the lucrative Canadian market and provide a strong foundation when it comes to defending possible patent infringement cases. It would also strengthen the company’s position with regards to intellectual property rights given it is the worldwide license owner of the intellectual patent for MFA technology.

Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.