Ubiquitech Software Corp (OTCMKTS:UBQU) recently announced results from its fourth quarter and fiscal year-end earnings of 2017. The company reported a drastic increase of revenues from $1.2 million to above $4.5 million with an income net of $352,447 for the year. According to James Ballas CEO of Ubiquitech, the company has sustainably recorded double digit revenue for the last four years and expects to grow even higher in the fiscal year end 2018.
The company was thrilled with continuous growth of its revenues and plans to expand its presence in the cannabis market by adding innovative offerings to its existing product line. With the anticipated launch of CryptoBuy unit, the firm expects to improve its earnings and shareholders’ value in the near future.
Ubiquitech has various subsidiary companies that use advanced internet marketing channels including Direct-Response Television, Radio Web Content, and other traditional marketing strategies to expand its unique products and services to the new and emerging markets in various industries.
The company develops a wide range of Hemp and CBD-based products including CannazALL™ CBD oil product line comprising of CBD Tinctures, e-liquids, GelCaps, Concentrated Oils and CannazALL Pets™ CBD products.
The recent positive news about the revenue growth of the company will encourage investors to take note in strengthening its long-term goals. Last year, Ubiquitech extended its operations in the cannabis industry through its fully-owned subsidiary company; HempLifeToday.com. The company has focused on producing its CannazALL CBD Oil products as part of the strategy to capitalize on the lucrative opportunities in the multi-billion cannabis industry.
Ubiquitech garnered revenues of over $4.5 million in the fourth year consecutively. For instance, the recent fourth quarter results revealed that the firm’s revenue grew to more than $1.2 million. The company expects to grow its revenue particularly after incorporating the cryptocurrency payment option to tap into the market of those who demand alternative payment options for easier transactions.