Golden Star Enterprises Ltd (OTCMKTS:GSPT) Stock In Focus After The Recent News

Shares of Golden Star Enterprises Ltd (OTCMKTS:GSPT) continued to move lower on Wednesday and now down 25% in a week.

Market Action

On Wednesday, GSPT slumped 15% at $0.34 with more than 17k shares, compared to its average volume of 24k shares. The stock has moved within a range of $0.3200 – 0.3998after opening the trade at $0.40.

Signs a Letter of Intent to Pilot Its WorkForce Management System in Hospitals

Enigmai Ltd, which is a wholly-owned subsidiary of Golden Star Enterprises Ltd (OTCMKTS:GSPT), has officially signed a Letter of Intent (LOI) with National Organized Workers Union for piloting its Enigmai Business Suite (EBS) workforce management system (WFM) in hospitals. The National Organized Workers Union is responsible for managing unions in some of the biggest hospitals in Canada, and supervises around 3000 workers spread across 4 hospitals.

The LOI states that once the product upgrade by Enigmai is ready (hopefully by the first quarter of 2022), a product pilot will be launched by the National Organized Workers Union. The purpose is to evaluate the product for a couple of months. If it is found to be beneficial at the end of the pilot program, it will be recommended for implementation in all the hospitals they serve permanently.

Golden Star Enterprises CEO, Eliav Kling, is content about Enigmai’s foray into the North American market. It is a big deal for the company being its first engagement outside Israel. He is confident about the software offering great value for multiple operating sectors globally by ensuring hospitals can implement better scheduling for employees, provide quality service to clients, and save money as well. Mr. Tim Cadeau, the Treasurer of the National Organized Workers Union, shares similar thoughts and believes the software can resolve numerous conflicts between the union and hospitals.

Key Quote

Golden Star Enterprises CEO, Eliav Kling, commented, “We are very happy to see Enigmai’s growth into the North American market. This is a significant milestone for the Enigmai team as it is the first engagement outside Israel. We know that our software can provide great value to multiple operating sectors globally, and we are excited to help hospitals to better schedule their employees, provide better service to their clients, and save money while doing so.”

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