WBSI SETS SIGHTS ON $250 MILLION ANNUAL REVENUE OPPORTUNITY WITH MOBILE APP LAUNCHING NEXT MONTH

Date : 01/29/2020 @ 6:08PM
Source :InvestorsHub NewsWire
Stock : Sugarmade Inc (QB) (SGMD)
Quote : 0.00265  -0.00015 (-5.36%) @ 9:21PM

WBSI SETS SIGHTS ON $250 MILLION ANNUAL REVENUE OPPORTUNITY WITH MOBILE APP LAUNCHING NEXT MONTH

New York, NY -- January 29, 2020 -- InvestorsHub NewsWire -- via NextBigTicker.com

WebSafety, Inc. (USOTC: WBSI) published management guidance yesterday that included revenue guidance detailing the potential to reach $250 million in annual revenue in conjunction with the planned release of its DriveSafety Mobile App schedule next month. DriveSafety targets the texting and driving issue. The management guidance published yesterday provides detailed background on the technology and the following revenue guidance:

“The primary revenue opportunity for WBSI is to strategical generate recurring revenue from the 250 million drivers in the U.S. and 1.2 Billion drivers worldwide. The DriveSafety App features described above intuitively provide multiple solution opportunities to creating a safer driving environment free from the distractions of texting and driving in addition to the other safety features. The challenge is to get consumers to engage the DriveSafety App and foot the bill. Drivers are already required to foot the bill for insurance. The DriveSafety App has the potential to substantially reduce the number accident payouts made by insurance companies to insurance policy holders. That savings to insurance companies can be passed on to insurance policy holders through reduced insurance premiums. A small recurring fee for the DriveSafety App service can generate a much, much larger savings for insurance companies and in turn, insurance policy holders. For an example of what that might look like, consider the DriveSafety App being utilized by only 0.1% of U.S. drivers. That approximately equates to 250 thousand drivers.  If the fee for use of the DriveSafety App was $5 per month, that would translate into $15 million in annual service fees. A 1% penetration in the U.S. would equate to 2.5 million drivers and $150 million in annual service fees.”

WBSI has under 13 million shares issued and out.  WBSI has a $2.00 52 Week High and has reached a $1.76 PPS in the last 10 days.  WBSI has only recently begun to trade notable volume. At the current $0.70 PPS, WBSI could reasonably deliver a 100% ROI in the near term.

Learn more about the company at www.websafety.com and www.drivesafetyapp.com.

Stocks making news today worth looking at include Sugarmade, Inc. (SGMD), Alternet Systems (ALYI), and Puration, Inc. (PURA).

Disclaimer: 

NextBigTicker.com (NBT)is a third party publisher and news dissemination service provider. NBT is NOT affiliated in any manner with any company mentioned herein. NBT is news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. NBT's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release or opinion of the writer. NBT is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. NBT has not been compensated for this release and HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

Disclaimer/Safe Harbor:

This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.

Source: www.nextbigticker.com

Sugarmade (QB) (USOTC:SGMD)
Historical Stock Chart

1 Year : From Apr 2019 to Apr 2020

Click Here for more Sugarmade (QB) Charts.

Sugarmade (QB) (USOTC:SGMD)
Intraday Stock Chart

Today : Tuesday 7 April 2020

Click Here for more Sugarmade (QB) Charts.

Latest SGMD Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.