Galaxy Next Generation Inc (OTCMKTS:GAXY) continues to trend and extending its weekly gain to 50%.
Major Trigger:
Galaxy Next Generation Issues Shareholder Update on 3-Year Anniversary of OTCQB Listing
Key Highlights:
- We are coming up on our 3-year anniversary together. Galaxy transitioned from a privately held company to an OTC company in June of 2018 and we have experienced major strides towards our long-term goals since then. Shortly after our transition we were able to quickly meet requirements to OTCQB from previously held ‘Pink’ status and have maintained those requirements throughout the ups and downs of the market during the COVID-19 pandemic. It is our continued desire to ‘up’ our listing status even more and continue to make vast improvements every quarter towards that goal.
- In the last 3 years we have increased our development team, both through organic hiring and via acquisitions. We have added a team that is not only highly skilled but extremely enthusiastic. Since 2018, we have launched a multitude of new products, including an entire line specifically targeting other brands through an OEM channel.
- We have been awarded 2 patents, one in our ‘Interactive panel’ line and the other in our ‘audio distribution and connectivity’ line and are excited about what this will bring towards future long-term success. In addition, we have applied for 3 other patents related to our Bell, Intercom, and Paging solutions that are current in publication, pending issuance.
Market Reactions
As of 10:43, GAXY stock jumped by 8% at $0.020. Total volume so far stood at 13.12 million shares, compared to its average volume of 2.76 million shares. The stock moved within a range of $ 0.0178 – 0.0196 after opening at $0.0195.
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