When we last touched upon Imagination TV Inc (OTCMKTS:IMTV) here on Street Register a couple of weeks ago, the stock went on a huge 450% run from .0002 to .0011 after an update from the CEO and the announcement that the company had begun to clean up some of its debt.
With a move like that a lot of people might have suspected that the party was over, but in truth, it was only just getting started. This week, IMTV has hit a high of .0031. That marks a mind-bending overall upswing of 1,450% from the low we saw at the end of June, and volume has picked up in a big way as well.
Apart from some incredible moves on the chart, Imagination TV Inc (OTCMKTS:IMTV) itself has also come alive with a couple further updates that we wanted to pass along to our readers. The company signed an agreement with Textmunication Holdings, Inc. giving Imagination TV rights to sell Short Message Services (SMS) to cannabis related businesses for purposes of marketing and advertising. The company has secured the short code, 420-420, and is currently in the process of provisioning the short code so that major carriers will be able to identify the number.
With this new service, the Company aims to specifically target the medical and recreational cannabis dispensary market. Providing a Short Message Service will allow dispensary owners to communicate via text message with customers providing updates on inventory delivery, special discount offers, and more. It will also give businesses valuable data and insight into their consumers’ behavior.
Joe Sirianni, CEO of Imagination TV, Inc. states, “This is a great opportunity to add to the services offering for our MJBBB.org property. There are other SMS services out there but we feel that this particular short code is very identifiable by most in the cannabis community. Provisioning typically takes about 4 weeks to complete and once finished, we’ll be able to start selling this service to cannabis businesses across the country. It was excellent being able to work with the team at Textmunication and we’re looking forward to the revenue share from this new line of service.” (Source: PRNewswire)
CEO Joe Sirianni then issued the following message to shareholders at the end of June:
“It’s been a very busy month and several milestones that we’ve set out to achieve have now come to the forefront. First, I’m happy to report that final testing has been conducted this week on MJBBB.org. We will be launching the complete, live version of the site on Friday July 7, 2017. As many of you have already seen on our corporate Twitter account (@ImaginationTVCo) the site is very dynamic and offers a multitude of new features specifically catering to the medical and recreational MJ communities.
In addition to this, we’ve concluded management interviews this week and I will be announcing a new Chief Operating Officer (“COO”) next week. Our new COO has a lifetime of experience within the music industry and will play and intricate part in the development and success of 808hitz.com. Our new COO will also be taking an active role in further developing the MJBBB.org framework & expanding that business unit for Imagination TV, Inc.”
We therefore expect to find out who the next COO is presently, given that the message was conveyed roughly a week ago. We’ll want to keep our eyes out for that PR, and continue to track IMTV. Stay locked to Street Register for updates, and we’ll deliver important developments on IMTV as they unfold. In the meantime, if you’ve yet to sign up for our 100% free newsletter, do so now! Just enter your active email address into the box below and submit!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in IMTV stock, short or long