Cloudweb Inc (OTCMKTS: CLOW) Major Northbound Reversal as Company Launches 3 Cloud-Based Beta Business Solutions (SmartBizCompany.com/video and /chat and /meet)

Cloudweb Inc (OTCMKTS: CLOW) filed an 8k statement after reversing from a low of $0.45 on Monday: “It is launching three cloud-based beta business solutions:

  • SmartBizCompany.com/video, a cloud-based video editing software that creates short, marketing-focused videos in minutes.
  • SmartbizCompany.com/chat, a cloud-based chatbot that enables SMEs to fully engage their customers.
  • SmartbizCompany.com/meet, a cloud-based video conferencing solution for telemedicine and hosting online meetings.

Under the “SmartBiz” brand, the registrant intends to develop and launch more cloud-based platforms to better serve businesses, especially those moving to larger online businesses in the wake of the global pandemic.

Cloudweb Inc (OTCMKTS: CLOW) Based in Mountain View, California, and is currently exploring different options for further developing and marketing its web hosting and data storage services Hostwizer.com, W8hosting.com and JeyCloud.com. This includes plans that offer hosting for free while being supported by advertiser content. The company will also look into white-labeling its services to allow other brands to use its platform for their own needs.

CLOW History: Cloudweb, Inc. was originally incorporated on May 25, 2014 as “Formigli, Inc.”. Designed to sell custom road bikes handcrafted by Renzo Formigli. About 18 months later, the company’s then-president (Amy Chaffe) reorganized the company and renamed it “Cloudweb, Inc.” And on January 28, 2016, the company signed a share exchange agreement with Liao Zhide to acquire Data Cloud, Inc. With the acquisition of Data Cloud, Inc., the company previously owned UK-based Web Hosting Solutions Ltd., a provider of web hosting solutions managed by an individual named James Holland, which never became a profitable business. On April 1, 2017, the company transferred Data Cloud, Inc. and its Web Hosting Solutions, Ltd. subsidiary to a third party for nominal consideration. Cloudweb doesn’t appear to have had any meaningful business operations since then.

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We’ve covered the company before Articles about CLOW in 2018: “Cloudweb Inc (OTCMKTS: CLOW) has been rising in recent weeks, from a starting point well below $0.30 to a recent high above $3 per share. The stock has also transformed into a volume leader with daily volume Close to $1 million.CLOW is the old choice of Godzilla promoter Elite Penny Stock Group, which operates the websites Finestpennystocks.com, Smartstockchoices.com, Bestamericanstocks.com and Elitepennystock.com and mysoaringpennystocks.com.

On October 31, CLOW filed an 8k statement: “The registrant reports that it is launching three cloud-based beta business solutions:

  • SmartBizCompany.com/video, a cloud-based video editing software that creates short, marketing-focused videos in minutes.
  • SmartbizCompany.com/chat, a cloud-based chatbot that enables SMEs to fully engage their customers.
  • SmartbizCompany.com/meet, a cloud-based video conferencing solution for telemedicine and hosting online meetings.

Under the “SmartBiz” brand, the registrant intends to develop and launch more cloud-based platforms to better serve businesses, especially those turning to larger online businesses in the wake of the global pandemic.

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Currently trading CLOW with a market cap of $16 million The OS is 27,819,385 shares, but the majority of these shares are restricted, with a public float of approximately 2.5 million shares. CLOW is an SEC filer with little assets or income and virtually no debt.Following the elite penny stock promotion, the company initiated a 200-for-1 reverse split and OTC market. Since management has done a lot of cleanup, including becoming an SEC filer and getting on the “pink tide” now the company has released the news that it’s launching three cloud-based beta business solutions, and that Speculators, who had been reversing the $0.45 penny stock northwards since then, have again added to their holdings. We’ll be updating on CLOW as more details emerge, so make sure you subscribe to Microcapdaily so you know what’s going on with CLOW.

Disclosure: We have no long or short positions in CLOW and we are not compensated for this article.

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