Newport Gold Inc (OTC:NWPG) Stock Falls After Binding Agreement with platformOS

On Wednesday, there were a number of companies that had come on the radar of investors due to significant developments, and one of those was Newport Gold Inc. (OTC:NWPG). The company announced yesterday that it had inked a Statement of Work with platformOS, which would be related to the development and redesign of the website and app of, the flagship assets of Newport.

The agreement in question had also been ratified through a down payment. In the initial stages of the collaboration, there will be work on the development of a SaaS (software as a service) product meant for creating small business websites.

The solution would provide possible business partners with considerable value at a competitive price. The website builder from Nearme would provide owners of small businesses with the tools to set up their own business websites for selling products and services. The websites would also be integrated into the discovery and search platforms offered by Nearme. That integration would provide the opportunity for deal marketing, discounting, and advertising opportunities for location-based browsing from customers who may be present locally.

Other than that, another stipulation laid down in the agreement would include a mobile app for the purpose of listing the Near Me app on the Apple and Google Play stores. The interim Chief Executive Officer of Newport Gold, Anthony McCabe, spoke about the latest developments yesterday.

He noted that everyone at the company was excited at the prospect of moving ahead with the continued evolution of the near-me discovery and search platform. He noted that the company hoped to attract small businesses to partner with Newport due to the Business Website Builder offering. He went on to note that, in the existing economic situation, brick-and-mortar businesses were on the lookout for more effective options.

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