The penny stock of Service Team Inc. (SVTE) landed on our radar screens early this morning after announcing the acquisition of MyPowerPebble, a pocket sized back-up battery charger for cell phones and tablets. The news is intriguing, to say the least, considering the truck bodies focused company just came off their first real year of business, one which was profitable if the one-time charges and imputed costs for the acquisition of Trade Leasing, Inc. were not counted. Nevertheless, a gadget which everyone could use, a low float which every trader wants, and current news flow make SVTE stock a simple addition to the current watchlist.
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SVTE Stock Quote
Market Cap: 5.28M
52 Week High: 1.25
52 Week Low: 0.25
Issued and Outstanding: 12,367,314
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The news today of MyPowerPebble being the first of a number of products Service Team plans on putting in their “showcase” is worth some attention. It would appear to be a shift of gears from the manufacturing of truck bodies that are attached to a truck chassis which consists of an engine, drive train, a frame with wheels, and in some cases, a cab.
The MyPowerPebble is one of those products which has no generation or financial capability barriers in terms of who their target market is. If you own a cellphone or tablet and ever got caught with that “connect charger” message on the home screen while you were somewhere you couldn’t gain access to a charger, this is worth the $29.99 plus shipping and handling.
Service Team is only a month off of filing their 10-K for the year ended August 31, 2013. Thanks to their acquisition of Trade Leasing, Service Team was able to book $1,017,446 of their $1,028,077 total revenues for the fiscal year ended. As they stated in their January 8th issued PR, if the one-time charges and imputed costs for the acquisition are not counted, the Company showed a profit of $101,892 – not too shabby for only a couple months of business.
Trading SVTE stock though could be a real issue. The 50-Day Average Volume for SVTE is only 368 which makes thinking some sort of volume sure is highly unlikely, especially since 9,500,000 of the 12,367,314 issued and outstanding shares are held by either Hallmark Venture Group, Inc. (HLLK) (9,000,000) on behalf of Robert L Cashman, Vice President, Secretary, Chief Financial Officer, Chief Accounting Officer of Service Team or Carlos Arreola (500,000, President and Chief Executive Officer of the Company.
However, it’s worth noting that during the fiscal year ended August 31, 2013, Service Team sold 359,814 shares of SVTE stock to various individuals for $171,576 ($0.4768 per share) and 1,707,500 shares during the prior fiscal year to various individuals for $168,806 ($0.0988 per share). This would make seeing SVTE stock trade higher than normal volume levels once profit taking from the shares sold in 2012 hit the market.
About SVTE Stock
Service Team Inc., after acquiring Trade Leasing, Inc. in June, 2013, is a development stage company primarily engaged in manufacturing truck bodies from their complete manufacturing and repair facility in South Gate, California.
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SVTE looks interesting already just from the looks of the share structure. Adding to it the announcement of MyPowerPebble only makes the penny stock that much more attractive. Now if SVTE stock could go run to the heavens, trading it would actually be serviceable.
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