Bravatek Solutions Inc (OTCMKTS:BVTK) Continues To Impress

The share price of Bravatek Solutions Inc (OTCMKTS:BVTK) keeps creeping up. We have been talking about the name for two months. Those who followed our articles should have appreciated our work as the share returns are extraordinary. Our first reference to the company was made on June 5, 2017 when the share was worth $0.0016. As of July 25, 2017, the share price is worth $0.04. Have a look at the price action.SourceRecent DevelopmentsLet's recap the business model of BVTK. Bravatek's business objective is explained in the following words by the company:

"Bravatek Solutions, Inc. is a high technology security solutions portfolio provider that assists corporate entities, governments and individuals protect their organizations against both physical and cyber-attacks through its offering of the most technically-advanced, cost-effective and reliable software, tools and systems." Source

The most well-known product sold by the company is Ecrypt One. Have a look at the following video to comprehend what's it about:https://youtu.be/U3HR1e4gu5kAfter our last piece on BVTK, the company put out this press release, wherein it announced an agreement to launch pilot programs with 3 prominent Fortune 1000 companies in the fields of healthcare, IT services, and Aerospace/Defense. Mr. Brown, Senior Vice President of Sales, explained in following words:

"Our goal is to be the #1 provider of cyber security solutions in the country. In order to do so effectively, Bravatek has launched a Digital Sales Training Center ("DSTC"); fully equipped with everything a Sales Consultant might need to sell Ecrypt One in their respective geographical and vertical markets. From training videos, white papers, price lists, forecasting tools, sales agreements, to email and letter libraries, this DSTC is truly state-of-the-art and is definitely going to assist our Reps to get up to speed quicker to make them more effective, and at the end of the day, enable even more sales." Source

Furthermore, two new developments were announced in the press release. The company put out the launch of an Online Demo Center. Thanks to this software, BVTK can show the benefit of Ecrypt One to anyone. In addition, Phil Oakley, CEO at iC3, and the company scheduled a meeting to present it to the Cyber Chief of Technology of the US Army on July 9, 2017 in Washington, D.C. Bravatek said that "it is looking to close deals with the majority of the Departments that have expressed an interest in increasing their cyber security."That's not all. On July 6, 2017, it was put out that the BVTK's tower services group-Viking Telecom had obtained $630K in Purchase Orders and over $400K of "in-process" commitments through its recently announced strategic alliance with HelpComm, LLC. Pauline Ewald, JD, VP of Telecom Services, explained that the future returns of the company will increase significantly as a result of this commitments:

"These orders/commitments translate to a significant ROI for Bravatek from a recent $200K investment in HelpComm. More work is expected into 2017, which could translate into an estimated $ M+ in additional revenue for the Company," Source

On July 10, 2017, BVTK noted its negotiations with a large IT firm to secure exclusive rights for Ecrypt One related to its Message Handling System. The firm is seeking EXCLUSIVE DISTRIBUTION rights to use, sell, as well as market Ecrypt One throughout the continental United States and to 29 NATO countries. An engineer, who asked for anonymity, explained the move:

"This is exactly what we needed to bring a complete cyber solution to our existing client base of all military personnel in the US alone" Source

In the same press release, we could read that all the efforts made by the company in the previous months were worthy. Anticipated yearly revenues to Bravatek are estimated conservatively to in excess of $2.5 million.Finally, the most recent development was quite remarkable as well, which was released on July 24, 2017. BVTK announced that it has formed Joint Venture firm called BravatekST, LLC. For what purpose? Addressing its mega-sales pipeline opportunities, Pauline Ewald, J.D., Bravatek's Vice President of Telecom Services, further explained the agreement:

"This is a JV that has been designed to produce significant corporate results at its onset. Bravatek's leadership in this space has been made possible by careful, strategic selection of partners with notable experience and expertise in the wireless business to allow us to prosper from the near term roll-out of 5G service." Source

Market reaction and Conclusion

Source

As seen in the stock chart, there does not seem to be any announcement which created a larger market reaction than the others. In our opinion, the accumulation of good news noting that the company is growing at a fast pace as more investors discover the company. The agreements with other businesses and BVTK's meetings with the US Army caused the share price increase in July. As we said in our previous articles, this is a name that should be followed closely as the company's technology is promising. BVTK remains a top cybersecurity play as the company continues to impress.

Check out our previous coverage of BVTK here.

We will be updating our subscribers as soon as we know more. For the latest updates on BVTK, sign up below!

Image courtesy of Georgia Business via Flickr

Disclosure: We have no position in BVTK and have not been compensated for this article.