Zevotek Poised to Explode Like Spongetech Delivery Systems? (OTC:ZVTK, OTC:SPNG)
Is Zevotek, Inc. (OTC:ZVTK), a worldwide direct marketer and distributor of innovative personal and home care items, poised to become the new Spongetech Delivery Systems, Inc. (OTC:SPNG)? It surely exhibits all the signs of such a promise as demand for Zevotek has been rising in volume and price over the past month. So, what is going on with Zevotek suddenly bring it to the spotlight?
Zevotek, Inc. has gone through a process of enforcing its management team significantly within a short period of time. On Nov. 4, 2009 Zevotek Inc. announced that Jeffrey R. Carlson, who brings an extensive experience from by being a financial savvy to help Zevotek realize its tremendous potential, joined Zevotek as President of its Ionic Bulb business.
Just prior to that, on October 27, 2009, Zevotek, Inc. announced the appointment of Indira Tovar on its management board.
Three weeks ago, on October 21, 2009, Zevotek, Inc. announced that Zevotek received an $1.1 million order to buy Ionic Bulbs. The order calls for Zevotek to supply a distributor in Asia with Ionic Bulbs for sale in Japan and Korea. Zevotek is pursuing a global marketing initiative for the Ionic Bulb and the order is the first Zevotek has received for the Asian market. The $1.1 million order calls for Zevotek to supply the distributor with samples of Zevotek’s standard 110 volt and 240 volt versions of the 15 watt and 23 watt Ionic Bulbs. Zevotek offers different versions of the Ionic Bulb to satisfy the technical specifications and consumer preferences of the global marketplace.
On October 19, Zevotek, Inc. announced an agreement to create a new high-volume call center for receiving calls to buy the Ionic Bulb. Zevotek selected Teleperformance, to operate a call center that is capable of handling spikes in large call volumes coming in response to planned airings of a new 2-minute Ionic Bulb TV infomercial.All of that, following a series of strategic moves on part of the company to form an alliance with Trans World Merchant Corp of Hackensack, N.J. The conclusion of the contract with TWM Corp. was reached well ahead of schedule. TWM has exclusive access to a South Korean business group that is seeking to bring its products to the U.S. direct marketing business. Zevotek will be given first look at a variety of products that TWM hopes to develop emerging markets for. TWM will receive funding in order to present individual items on a case by case basis for full project development.
On Sept. 15, 2009, Zevotek Announced Ionic Bulb Production and Shipment for European Market.
On Aug 25, 2009, Zevotek, Inc., completed an extensive search in order to increase sales and presence in the retail markets and is close to completing a sales partnership with ELS Group LLC of Danbury, Ct. ELS is a consortium of independent sales representatives for retail and wholesalers across North and South America.
And the list goes on. The questions remains, are we about to witness a sudden surge of sales in North America any time soon? It took Spongetech Delivery Systems, Inc. (OTC:SPNG) one contract with U.S. major wholesale chain stores, COSTCO, to boast the stock from a sub-penny value to well over 25 cents in a matter of weeks. Are we about to witness the same thing with Zevoteck, Inc.? Is ZVTK going to be the new hot item, the new kid on the block very soon? That remains to be seen and if that happened we could see another situation where your investment value multiply by 1,000% or more. You can comment about ZVTK and SPNG on the stock market forums, see you there!
Zevotek’s Contact Information:
Zevotec, Inc.
134 Cedar Street
Nutley, NJ 07110
United States - Map
+1-973-6674026 (Phone)
Disclosure: Long ZVTK
Very good information here and a great comparison with SPNG. If ZVTK can manage to become a semi-household name the way SPNG did; LOOK OUT!
11/13 Friday was the day ZVTK ’s chart pattern sold me. Increasing volume and huge buys towards the end of day. This pattern usually sets up for a huge following week.
IMO this stock blows thru .004 this week and over .015 buy the end of next week. (After an expected pullback of course.)
I have personally done my homework on this stock and decided that it is well worth a significant portion of my portfolio. Everything is a gamble in investment, but a well researched one, a studied and calculated risk is definitely a better one to beat the odds. If my luck with CTIC and BIEL repeats itself with ZVTK, I will be one happy investor once again.
Nour, The Magnificent.