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Bravatek Solutions Inc (OTCMKTS:BVTK) Set To Keep Climbing

Bravatek Solutions Inc (OTCMKTS:BVTK) Set To Keep Climbing
Written by
Jarrod Wesson
Published on
August 21, 2017
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Bravatek Solutions Inc. (OTCMKTS:BVTK), the tech company helping governments and individuals protect themselves from cyber-attacks, is again being assessed by many investors. For what reasons? As we mentioned in the past in previous pieces, the share price does not stop creeping up as it keeps reacting to new agreements with other businesses and BVTK’s meetings with the US Army. Our regular readers are aware of this fact. But, what's new this time? There were several news items released recently that include a worldwide exclusive arrangement with Voosh LLC, a software company, and a strategic alliance agreement with CrucialTrak Inc., an identification technology provider. We will give you all the details in this new update and will also note information released in its last 10-Q. Before you read anything, please check the most recent share price action:

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 Recent DevelopmentsWe recommend our readers to check out previous coverage on the stock. We have written a total of five articles on this name. Our first article was published on June 6, 2017, when the share price was much lower and no other website was following the steps of the company. It was called "Bravatek Solutions Inc. (OTCMKTS:BVTK) Making A Comeback". Reading those pieces will help understand the innovative business of BVTK, and how its product "Ecrypt One brings a more convenient and secured alternative to the traditional Microsoft Exchange that many organizations use".

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Additionally, we noted some of the most remarkable cyber-attacks suffered by companies in 2017, such as Cyberattack WannaCry, which infected many big institutions in May 2017. The resulting attacks increased the demand for the services which BVTK provides. We also noted that BVTK helps organizations gain compliance with new regulations, such as the Sarbanes-Oxley Act, the Gramm-Leach-Bliley Act for banks and law firms, and the Federal Information Security Management Act for governments and military organizations.With that in mind, what's new? On July 26, 2017, the company announced that it will promote, sell, and distribute Voosh LLC's field-proven software. What's the new product about? According to the press release, the new software delivers improved capacity and performance of servers and workstations. In our opinion, the most interesting commentary of the news was from Dr. Thomas A. Cellucci, Bravatek's CEO:"We are pleased to formalize this special business relationship with Voosh, who has earned a well-deserved reputation in the optimization of computer system performance, via on premises or cloud-based deployments." SourceWhat do we know about Voosh LLC? This is the interesting part. In the news, we could read that the company is certified by IBM, Microsoft, Citrix, and VMware. Additionally, their software is said to be used by very big banks and organizations:
"Currently installed on over 4,000,000 PC's and servers and used by companies like Deutsche Bank, Colgate, Maimonides Hospital, IBM, UNHCR, and TPG Axon, Voosh improves overall performance by at least 30%. and, a single application procedure can increase network utilization by over 400% with no additional hardware or software." Source
Please remark that both partners, BVTK and Voosh LLC, do a similar business and have big players as clients. Hence, we believe that the new agreement may bring synergies that may benefit the business of both companies.On August 11, 2017, the company released a new press release noting an agreement with CrucialTrak Inc. BVTK will "act as the project-based business partnership channel for government departments, agencies and units for CrucialTrak's product and service solutions." What does it mean? CrucialTrak Inc. will use BVTK's contacts to develop its client base. Additionally, both company will collaborate developing and implementing solutions for CrucialTrak's products and services. This will include the "access identification product line focusing on the government and cyber security sectors." Tom Cellucci was again quoted:
"The strategic alliance with CrucialTrak is exactly why we are in business. Our ability to create 'win-win' scenarios makes our combination of capabilities very attractive to clients." Source
We could read in the press released that CrucialTrak is specialized in some of the following innovative products:
"- nano-technology driven biometrics, implemented in various types of access control systems.- 4-in-1 multi-biometric access control system with patents related to TOUCHLESS fingerprints, hand vein recognition, facial recognition, and iris recognition." Source
Last Quarterly ReportOn August 10, 2017, we received the last quarterly report for the period ended on June 30, 2016. In the document, we could see the financial situation of the company. We found the following information in the report:- 1,954,596 shares issued and outstanding as of June 30, 2016- Series B preferred stock: 264,503 shares issued and outstanding as of June 30, 2016- Series C preferred stock: 319,768 shares issued and outstanding as of June 30, 2016ConclusionIn this piece, we saw how the company keeps reaching new agreements with other partners. The market is reacting by pushing up the share price every time news comes out, thus we believe that following the company's news is beneficial. In this article, we saw how the company is also releasing new quarterly reports, wherein information about the shares outstanding is noted. We will keep an eye on the latest developments as they hit the tape. To sum up, try to stay alert on BVTK, because the news keep sending the stock price higher.Get the full story: Check out our coverage on BVTK!We will be updating our subscribers as soon as we know more. For the latest updates on BVTK, sign up below!Image courtesy of mmodelsky via FlickrDisclosure: We have no position in BVTK and have not been compensated for this article.

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