Volume on the penny stock of Eyes on the Go Inc. (Pinksheets: AXCG) skyrocketed in the last trading session trading over 2 million shares. Eyes on the Go announced yesterday that it had entered into a partnership agreement with Tremor Video. No wonder the volume spike on the penny stock that you needed a submarine to get to when their share price in 2010, $0.00000801.
Tremor is the largest independent online video ad solutions provider to Fortune 1000 brand advertisers and top tier publishers including clients like Coca-Cola, Ford, IBM, Marriott and UPS. AXCG closed at 9.5 cents, up 58.33%, after the penny stock reached as high as 12 cents during the trading session.
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AXCG Stock Chart / Analysis:
Market Capitalization 70.12M
52 Week High
52 Week Low
Shares Outstanding: 1.17B
5 Day History
Percent Change: 131.71%
Moving Average: 0.0596
Average Volume: 434,852
10 Day History
Percent Change: 18.75%
Moving Average: 0.0554
Average Volume: 255,105
AXCG will integrate Tremor Video’s ad technology into its GANDER.tv web site, which delivers streaming video and audio from bars, restaurants, nightclubs and other entertainment venues. The partnership is expected to allow GANDER.tv to monetize the videos on their website.
Similar to the lines of Digidev (DIDG), AXCG is quickly ending their beta test period and preparing to finalize their revenue model. The relationship with Tremor Video is crucial step towards realizing revenue. The technology Tremor Video has should, according to AXCG executives, enable Eyes on the Go to keep track of ad performance and also network with other ad providers to maximize placement value.
Eyes on the Go, Inc. “EOTG” design, implement and provide services for the remote real-time viewing and our customers’ businesses and other facilities by their owners and customers via computers, wireless handheld devices and television equipment using the internet.
Under EOTG’s remote surveillance system, owners of businesses and other facilities can monitor and control equipment and devices located at such businesses and facilities through via www.eyesonthego.com, or their internal communications. Such owners can view monitored facilities from video cameras, as well as receive temperature and other data, can remotely control devices, such as thermostats, lights and locks, and can receive email based alerts of door entries and other events with video clips and of equipment failures and deviations from temperature and other parameters.
Note: If you want to control every penny of expenses and be a “casino boss” type business owner, this is for you.
The EOTG system can also store images and data for review. EOTG commenced operations in August 2010, and have only 3 customers for this service because 11 customers for this service determined to change to the EOTG Gander.tv service.
In January 2012, EOTG introduced an additional service by providing online streaming video and audio images from bars, restaurants and clubs to consumers via a website called “Gander.tv.” EOTG developed a proprietary software program that runs on computer platforms at customers’ facilities that streams video images and sound from multiple cameras and microphones and makes them available to consumers on the Gander.tv website. In some cases, it is possible to utilize customers’ existing video and audio equipment.
EOTG entered into a hosting agreement for the consolidation of these video and audio images and their presentation to consumers via the Gander.tv website. EOTG began selling this service in January 2012 in anticipation of the completion of the Gander.tv website, and, by the end of February 2012, had installed 11 sites in the New York Metropolitan area.
Note: All of the 11 sites were installed for customers for EOTG’sour remote monitoring service who determined to shift to the Gander.tv service.
EOTG has signed contracts for another 18 sites, 4 of which were implemented at the end of March 2012 and the remainder are planned to be installed in April and May 2012. EOTG launched the Gander.tv web site in beta mode in mid-March 2012 and expect the website will be released from beta mode and promoted to the general public by the end of June 2012.
EOTG is focused on eliminating bugs and transmission interruptions during the beta period and on fully testing all eCommerce functions before accepting transactions from the public.
To view the most recent 10-K for AXCG, click here.
Bottom Line: Extremely similar to Digidev with a smaller, niche market, Eyes on the Go (AXCG) seems destined to be a penny stock. The conversion of clients from their EOTG service to the new Gander.tv service is far from saying this is taking off. But honestly, who cares, as long as the penny stock trades and traders can make money.
AXCG will be one of the penny stocks to watch today and, most likely, take back to Blockbuster Video before the late rental fees kick in.