The green industry that is blossoming across many different countries is providing fertile ground for new and innovative eco-based companies to grow. One of the many green companies that is seeing major action is the penny stock B Green Innovations (BGNN). This stock has hit volume 20 times higher than average and has broken its notorious habit of stability.
Yesterday saw the beginning of BGNN's incredibly fast growth. This huge run on BGNN was started with the release of the news of their incredible profits. Many investors are used to penny stocks bringing in mostly negative numbers, and the fact that BGNN brought in real revenue places it far above the pack. Prices are currently bouncing between $0.05 and $0.04.
These recent revenues have not even included some of the newest methods of sale BGNN is attempting. As of May 12, one of their premier products, Vibe Away, has been listed on QVC, a well known online and television shopping network. This listing adds huge potential to an already strong business.
The Vibe Away is made to solve a problem many people have but would not know what to look for as a solution. The Vibe Away alleviates the problem of washing machines and dryers that tend to move, shuffle or otherwise rattle around while they are working. They are little rubber discs made from recycled tires that sit comfortably under the machines legs. This not only creates a more suitable environment for home, reducing noise and frustration, but it also claims to extend the life of your machines by reducing some unnecessary wear and tear from excessive movement.
The ideal customers are homeowners or anyone with these machines, and they are exactly who will be targeted by the QVC ads. Not Many people know what to look for to solve this problem, and having a product dedicated to this showcased will definitely help sales. QVC is also listed in UK, Germany and Japan, giving BGNN the opportunity to reach an even larger crowd.
As the name implies, B Green Innovations prides itself on how they tackle the challenges of making a greener world. The have several products made out of recycled material or are made of biodegradable plastic. What really puts BGNN over the top however is their large network of distributors. They have at their disposal distributors in every state, save for four, and with their addition to an online store makes BGNN well situated for reaching anyone.
The one downside to this sort of product is their lifespan. There is little to no resale possibility, since these rubber discs will likely last lifetimes. This is of little issue, though, for the near future, since there are many still who have not yet purchased a set. As such there is plenty of room for expansion, but real long-term growth will rely on new products and innovations.
Check out the video below to see more on recycled material:
By Stockpicktrading.com Team
