Advanced platform architect, development and services firm specialising in blockchain technologies, Everything Blockchain (OTCMKTS:OBTX), on February 28, 2022 confirmed on corporate rebranding. This will help the company has it grows both its national and international footprint.
Market Reaction
On Monday, OBTX stock ended lower by 6.55% $4.85 with 2.90k shares, compared to its average volume of 6.4K shares. The stock moved within a range of $4.7600 – 5.0000 after opening trade at $4.76.
Everything Blockchain Accelerates Corporate Rebranding
The firm recently finished some strategic acquisitions as it is aiming at expanding blockchain, engineering as well as decentralized processing services. Furthermore, the firm is expecting to have greater operations both in European theatre as well as Saudi Arabia. The rebranding will include website, marketing materials as well as logos.
Everything Blockchain CEO Eric Jaffe said that the process will ensure going beyond design for including the overall vision. Jaffe added that post key acquisitions, it is opportune time to focus on rebranding and next stage of growth.
Blockchain use is increasing consistently globally with annual global spending on its solutions expected to reach $11.7 billion this year, according to International Data Corp.
Headquartered in Jacksonville, Everything Blockchain Inc. specialises in systems’ architecture as well as software foundry of blockchain technologies.
The company is focusing on Developing, Adopting, Securing as well as Compounding amongst the focus areas on augmenting work. Everything Blockchain counts 832 Energy Technology, Mercury, Vengar and Everything Blockchain Technologies Corp as its subsidiary companies.
Key Quote
“This process goes beyond design to include our overall vision and reach, and a new year following several key acquisitions offers the perfect opportunity for a rebranding and a refresh as we focus on the next stage of growth,” said Everything Blockchain CEO Eric Jaffe.
Traders Review
OBTX stock is trading below the 20-Day and 50-Day Moving averages of $2.65 and $6.66 respectively. Moreover, the stock is trading below the 200-Day moving average of $7.87.
