Despite having made a major announcement yesterday, the Forza Innovations Inc (OTCMKTS:FORZ) stock did not perform well in the markets and in fact tanked by as much as 10%.
Market Reaction
On Wednesday, FORZ stock fell 9.75% at $0.25 with more than 83K shares, compared to its average volume of 77k shares. The stock has moved within a range of $0.2080 – 0.2850 after opening the trade at $0.0277.
Engages King Tide Creative for Website Development
However, it could be the right time for investors to figure out if the fall could actually be an opportunity to get into the stock or not. The company announced on Wednesday that it hired the services of King Tide Creative for the purpose of designing and development of the new company website. King Tide is a branding and technology company that is based out of Los Angeles and will be responsible for building the consumer friendly website that Forza Innovations seeks to launch.
It was announced yesterday that in addition to being friendly to consumers, the new website is also going to be geared towards providing a bigger platform to the company’s new product line ‘WarmUp’. In this day and age, a consumer friendly website is almost a necessity for almost all consumer facing businesses and hence, the announcement is an important one for Forza Innovations. Although the news did not lead to any optimism among investors, it might still be a good idea to keep the stock in your watch lists.
Key Quote
Garrett Morosky, Forza Innovations Inc. Vice President, comments that “a website is more than a URL with a cool domain name, aesthetically pleasing graphics and words to provide some sort of context. A website encompasses the entire existence of who you are as a person and the company you dreamed about, building from the ground up. The technology embedded in the website platform is a representation of the lives you want to change, and the countless hours spent implementing systems and painstakingly perfecting the final product is the stamp of your legacy. We are dedicated to bringing to market a phenomenal e-commerce experience, a direct reflection of the standards of excellence within Forza Innovations Inc.”
