Cloudweb Inc (OTCMKTS:CLOW) Major Shift North as Company Launches 3 Beta Cloud-Based Enterprise Solutions (SmartBizCompany.com/video and /chat and /meet)

Cloudweb Inc (OTCMKTS:CLOW) has been on a meteoric rise in the rankings since toppling lows of $0.45 on Monday after the company filed an 8k stating “it is launching three beta cloud-based business solutions :

  • SmartBizCompany.com/video, a cloud-based video editing software that lets you create short, marketing-centric videos in just minutes.
  • SmartbizCompany.com/chat, a cloud-based chat bot that would enable small and medium businesses to fully engage their customers.
  • SmartbizCompany.com/meet, a cloud-based video conferencing solution that can be used for telemedicine and to host online meetings.

Under the “SmartBiz” brand, the incumbent intends to develop and launch additional cloud-based platforms that can better serve businesses, especially those that have pivoted to a greater online presence as a result of the global pandemic.

Cloudweb Inc (OTCMKTS: CLOW) operating out of Mountain View, California, is currently exploring various options to further develop and market its web hosting and data storage services Hostwizer.com, W8hosting.com and JeyCloud.com. This includes plans to make hosting available for free while supported by advertiser content. The Company will also study the possibility of white labeling its services in order to allow other brands to use its platforms for their own needs.

CLOW History: Cloudweb, Inc. was originally incorporated on May 25, 2014 as “Formigli, Inc.” with the intention of selling custom road bikes handcrafted by Renzo Formigli. About 18 months later, the company’s president at the time (Amy Chaffe) restructured the company and renamed it “Cloudweb, Inc.” and on January 28, 2016, the company entered into a share exchange agreement with Liao Zhi De to acquire Data Cloud, Inc. Through its acquisition of Data Cloud, Inc., the company previously owned Web Hosting Solutions Ltd., a UK based company. web hosting solutions provider run by an individual named James Holland who never built a lucrative business. On April 1, 2017, the company transferred Data Cloud, Inc. and its subsidiary Web Hosting Solutions, Ltd. to a third party for a nominal consideration. Since then, it does not appear that Cloudweb has conducted any significant business operations.

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We previously covered the company by stating in a 2018 article on CLOW: “Cloudweb Inc (OTCMKTS: CLOW) has climbed the rankings in recent weeks, from a starting point well below $0.30 to recent highs of over $3 per share. The stock has also risen transformed into a volume leader with a dollar volume close to $1 million traded per day.CLOW is the former promoter’s choice of Godzilla Elite Penny Stock Group which operated the websites Finestpennystocks.com, Smartstockchoices.com, Bestamericanstocks. com and Elitepennystock.com, and mysoaringpennystocks.com.

On October 31, CLOW filed an 8k stating, “Register reports that it is launching three beta cloud-based business solutions:

  • SmartBizCompany.com/video, a cloud-based video editing software that lets you create short, marketing-centric videos in just minutes.
  • SmartbizCompany.com/chat, a cloud-based chat bot that would enable small and medium businesses to fully engage their customers.
  • SmartbizCompany.com/meet, a cloud-based video conferencing solution that can be used for telemedicine and to host online meetings.

Under the “SmartBiz” brand, the incumbent intends to develop and launch additional cloud-based platforms that can better serve businesses, especially those that have pivoted to a greater online presence as a result of the global pandemic.

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Currently trading at a market valuation of $16 million CLOW The OS is 27,819,385, but most of these shares are restricted and the public float is around 2.5 million shares. CLOW is an SEC filer with few assets or income and virtually no debt. After the Elite Penny Stock promotion, the company launched a 200-to-1 reverse split and warned emptor the OTC Markets. Since then, management has done a lot to clean things up, including becoming an SEC filer and going “pink current.” Now that the company has announced it is launching three cloud-based beta trading solutions, and the stock has been moving north ever since reversing $0.45, penny stock speculators are piling up again. We’ll update CLOW when more details emerge, so make sure you’re subscribed to Microcapdaily so you know what’s going on with CLOW.

Disclosure: We do not hold any position in CLOW, long or short, and we have not been compensated for this article.

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