Break Out Ahead? Broadside Enterprises (OTCMKTS:BRSE)

Broadside Enterprises (OTCMKTS:BRSE) is one of the biggest gainers in the penny stock list as the stock almost double after the news.

Broadside Enterprises Inc (OTC: BRSE) announces Worldwide digital content distribution deal with Cinedigm Corp (NASDAQ: CIDM)

• MonteCristo International Entertainment, a wholly owned subsidiary of Broadside Enterprises, Inc. (OTC:BRSE) has inked a deal with Cinedigm, the leading independent streaming company super-serving enthusiast fan bases, to make an initial number of its independent feature films available on Cinedigm’s worldwide streaming channels.

Michael Taverna, CEO of Broadside Enterprises, Inc., comments on the cooperation: “Cinedigm has a tremendous digital reach, and working with them allows for our content to reach hundreds of millions of consumers. We look forward to building a strong relationship with such a fast-growing worldwide partner to get more eyes on our independently produced content in the coming years.”

“Cinedigm looks for high-quality films that resonate with our viewers,” said Josh Thomashow, Executive Director of Acquisitions at Cinedigm. “Having spent years in the independent space, we appreciate the passion and dedication that goes into independent filmmaking. Partnering with MonteCristo International allows us to bring a number of premium films to our streaming channels and provide viewers with a refreshing batch of new entertainment.”

Market Action

As of 11:22, BRSE stock has soared 11  cents or 90% at $0.23. The stock has seen a total volume of 834K shares – 70X its average volume of 12K shares.  The stock opened at $0.1347 and moved in a range of $0.1347 – 0.4870.

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