All eyes on NGHT; the First Ever Electronic Dance Music (EDM) Oriented Company To Trade On The Public Markets!
As summer draws to a close and Penny Stocks start to heat up the OTCBB one stock in particular stands above the rest; OTCBB: NGHT, The First Ever Electronic Dance Music (EDM) Oriented Company To Trade On The Public Markets is not only technically set up for a Monster run; this company has real fundamentals to back it up.
Currently trading at $0.35 on 175,000 shares traded; NGHT has made an explosive move up from its $0.20 baseline in recent trading sessions and by the looks of it volume and price are just beginning to accelerate suggesting this penny stock runner is just barely getting started!
For anyone just getting tuned into this exciting story; NightCulture, a premier producer of live concerts and events has been making some huge developments and important announcement in recent months; In May they announced that they had acquired 100% ownership of Stereo Live an entertainment venue operator from 2 principal shareholders.
Having their own venue marked an important step for NGHT – especially in terms of the company’s already robust revenue growth which has exploded with the additional Stereo Live – revenues which were primarily derived from ticket sales from events that NGHT promoted and produced now included the Stereo Live revenues such as venue rentals, beverage sales and many other fee’s.
The significant jump in revenues was evident several weeks ago when NGHT announced operating results for its recently acquired Stereo Live, LLC subsidiary and pro forma results reflecting the acquisition of Stereo Live, LLC: Revenues of Stereo Live, LLC increased by 36.2% to $866,572 for 2011 from $636,250 in 2010 and increased by 138.9% to $386,757 for the quarter ended March 31, 2012 from $161,916 in the quarter ended March 31, 2011. Pro forma to give effect to the acquisition of Stereo Live, LLC, the consolidated revenues of NightCulture, Inc. increased 66.2% to $1,308,339 for 2011 from $787,080 in 2010 and increased 60% to $553,052 for the quarter ended March 31, 2012 from $345,573 in the quarter ended March 31, 2011.
Conclusion: If you are tired of the shell game offered by APS and TBX and are looking for a real company making explosive gains on the OTCBB then look no further then NightCulture, Inc (OTCBB: NGHT) Already in the early stages of what looks to be a significant intra-day move to the upside NGHT volume and price are accelerating quickly here.
Currently trading at total market valuation of under $15M NGHT saw a 139% increase in 1st Quarter revenues this year over last and is on track to do around $3 to $4M in revenues for 2012. Still very close to its historical lows NGHT is beginning to develop the loyal investor following that catapulted CBIS to 2500% gains!
All this makes NGHT a Penny Stock to Watch! Make sure you are subscribed to OTCMagic.com so you get the inside scoop on NGHT in real time.
NightCulture Inc., “Concerts that Change Your Life”, is a premier producer of live concerts and events. NightCulture produces, markets, and executes all aspects of its concerts from the selling of tickets to merchandise. NightCulture Inc. events are primarily in the Electronic Dance Music (EDM) market. Hundreds of thousands attendees have experienced NightCulture Events and the number continues to grow with every show.
Just last Saturday, Sept 8, 2012, Stereo Live hosted a concert that featured the Crystal Method among others – The Crystal Method of course is famous in the world of electronic dance music for their enduring classics such as “Busy Child” and “Coming Back”
Latest posts by OTCMAGIC STAFF (see all)
- This Week Belongs To Ovation Music & Studios, Inc; OVMS - November 3, 2015
- Did You Know? Monster Stock Pick Coming - October 2, 2015
- Gilead Sciences, Inc. (NASDAQ: GILD) Is a Stock Monster! - September 1, 2015