TrustBIX Inc (OTCMKTS:TBIXF) Stock Moves In a Narrow Range After The News

Shares of TrustBIX Inc (OTCMKTS:TBIXF) continues to trade in a narrow range after the recent move.

Market Reaction

On Thursday, TBIXF stock ended flat at $0.1175 with more than 12k shares, compared to its average volume of 1.50k shares. The stock has moved within a range of $0.1175 – 0.1175 after opening the trade at $0.1175.

TrustBIX Subsidiary ViewTrak Technologies Commercializes Three New Modules for Auction Software

Company providing agri-food traceability and chain of custody value solutions, TrustBIX Inc (OTCMKTS:TBIXF)on November 11, 2021, announced that the subsidiary, ViewTrak Technologies Inc, has successfully commercialized three of the newest modules, TV Module, the Attributes Module, and Competition Module to the customers across North America.

The modules enable customers to modernize from their LED audience display boards to TV screens displaying attributes of the animals being sold.

Lee Irvine, General Manager of ViewTrak, said that post months of testing in auction markets, the company is improving the modules by adding new features like the “One Time Attribute” enabling to rapidly add an attribute, like animal entering sales in the ring. Irvine added that this is leading to a sales increase.

The company’s customers have seen value in the new modules.

Brian Danard from Calgary Stockyards Strathmore said that their job is to ensure customers get the best possible money for animals and ViewTrak’s modules have helped in doing that.

Mark Daines from Innisfail Auction Market said that while Sellers love it but so do buyers ensuring an increase in value to customers, leading to a win-win for all.

Lee Irvine added that supporting the price discovery method of selling animals can be done using innovative tools. Irvine further stated that the modules are the first step and the company is a leading provider of Livestock Auction Market Software in North America with systems in more than 400 locations.

Key Quote

“After several months of testing in auction markets, we continue to improve these modules adding new features such as the “One Time Attribute” allowing the auction clerk to quickly add an attribute, such as an animal enters the sales in the ring. It’s this constant improvement and feedback from our customers that has been a leading driver of sales,” says Lee Irvine, General Manager of ViewTrak.

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