Published On: Mon, Oct 3rd, 2016

Bravatek Solutions Inc (OTCMKTS:BVTK) Continues To Fluctuate Following Lack Of Updates

Bravatek Solutions Inc (OTCMKTS:BVTK) has continued to fluctuate in the market, following its last press release, filed on September 13. The company stated in the press release that it was observing a surge in the number of seasoned entrepreneurs approaching BVTK, to discuss the company’s growth. Bravatek claimed that these entrepreneurs had reviewed the accomplishments and achievements of the company, since its inception. As such, they were interested in investing in the company.

Dr. Thomas A. Cellucci, the CEO of BVTK, claimed that such entrepreneurs were starting to view the company as a company with great potential. He also revealed that Bravatek had acquired new capabilities, which would allow it to expand to other countries. It should be noted here that BVTK is a developer differentiated cyber security and a telecom services provider. The CEO promised to provide an update on the company’s progress in the coming weeks.

Unfortunately, even after over two weeks of the announcement, BVTK has yet to provide an update on its progress, as promised. This could be one reason for the stock’s performance in the market. The management of the company also reflected optimism in the press release, claiming that the investments would result in improved revenues, licensing and growth opportunities. The company also claimed that its shareholders continue to show support for its products and strategy.

Earlier Bravatek announced, at the end of August, that it had expanded its outreach into the governmental market, after it signed an agreement with the Network Centric Operations Industry Consortium. Under the agreement, the company provided the NCOIC with its Ecrypt One, a secure domain platform, used for cross domain inter-operatability projects. Mr. Celluci commented on the agreement, saying that this was a great milestone for them. He was of the opinion that this would open new doors to enterprises and government organizations alike.

Bravatek Solutions Inc (OTCMKTS:BVTK) completed the September 30 trading session with a loss of 40% in terms of its share value, to close at a share price of $0.0003.

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