Andiamo Corp (OTCMKTS: ANDI) and its subsidiary Utopya Innovations Inc, is an emerging technology company focused primarily on the development and distribution of mid-market smartphone devices equipped with a proprietary software ecosystem.
We are taking notice of ANDI amid a period of impending change, and we are going to be interested to track the company’s progress through these changes.
Andiamo Corp (OTCMKTS: ANDI) and Utopya recently announced plans to shed its current ticker symbol (OTCPK: ANDI) in favor of a symbol that better reflects the company’s long-term vision. The company is also announcing plans to switch to a new transfer agent, and to begin the process of engaging an investor relations team in order to maintain a high level of transparency and communication with shareholders.
As part of the company’s long-term vision, it intends to continue bolstering its technology IP by acquiring stakes in complimentary technology firms, when it makes strategic sense to do so. Utopya smartphones will come equipped with a software ecosystem that includes a proprietary Android Operating System (OS) skin, as well as a number of proprietary mobile apps available exclusively to Utopya users.
The company believes it will be well positioned as one of the only mid-market smartphone companies to offer a proprietary software experience to its customers. Acquiring users into the software ecosystem will allow the company to develop a diverse array of revenue, while also providing a barrier to entry against prospective mid-market competitors.
Mike Starkweather, CEO, commented, “We’re very excited to announce that we have begun the process of changing the current ticker symbol to a symbol that better reflects the company’s brand and long-term vision. We hope to be able to secure the symbol ‘UTOP’, pending its approval. The first step will be filing the name change with the State of Wyoming.
“We are also taking steps to ensure that we remain highly transparent and communicative with our shareholders. We have received a number of inquiries with respect to the company’s share structure. The current transfer agent has an internal gag order that prevents the release of this information, which is contrary to the level of transparency that we wish to demonstrate. As such, we have begun the process of switching transfer agents, in order to make this information readily available to those who request it.
“Further to this, due to the overwhelming volume of emails that we have been receiving, we are taking the appropriate steps to hire an investor relations firm that will be better equipped to handle these communications for us in a timely manner. This is also being done so that our executive team is better able to focus on matters that require executive-level oversight and approval, including contract negotiations.
This week also brought the announcement that Utopya has secured the rights to a large inventory of over 140 mobile apps. The company also reports that it is currently in talks with a US based Telecommunications Company with the aim of securing an acquisition or merger in the near future. While talks are in their preliminary stages, they could lead to a further diversification of Utopya’s telecommunications market share. That’s one particular aspect of the story that we’ll be sure to follow closely. We’ll stay up on any further developments with ANDI and pass them along to you! Stay locked on StreetRegister.com and be sure you’re signed up for our 100% free small cap newsletter. It’s as easy as that! Simply submit your primary active email address in the box below. Subscribe now!
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 ANDI stock, short or long.