Global Gaming Network, Inc. GBGM
As promised, we have a new interest today, and it’s Global Gaming Network, Inc. (GBGM). The company is self-billed as a developer, distributor and aggregator of businesses operating in the mobile and online content and distribution industries, with a focus on entertainment and sports.
It’s been awhile since we turned our attention to the mobile gaming market space, and the sector continues to grow in popularity. Smartphone use and mobile gaming has become ubiquitous in the daily lives of people all around the world, and has permeated virtually every demographic.
GBGM is the proprietor of SportsAlert.com, which is one of the leading providers of mobile score data independent of the major sports networks themselves. People can sign up to receive score updates via text from any of the four major pro sports in the U.S. (NFL, NHL, MLB, NBA), in addition to College Basketball, Football, and even Baseball.
The service is free, and for those who aren’t always on the go, SportsAlert also has an optional Windows gadget, and a Facebook application, which we think is a cool feature.
Perhaps the most unique aspect of SportsAlert is the ability to obtain on-demand score updates by texting the league and team name. For example, a user can text “nfl vikings”, and receive an instant update on the score of the Minnesota Vikings game, and so on for any sport or team.
SportsAlert.com is just one of the irons that GBGM has in the fire; Last month, the company successfully launched a fantasy-style game that took advantage of the rising popularity of the NCAA March Madness college basketball tournament, and the fact that people enjoy creating their own brackets in an attempt to pick the winners. >> Read the Release
Powered by Loodo’s entertainment-based customer engagement app, GBGM launched the Amped Fantasy NCAA Men’s Basketball Tournament Game in more than 200 bars across the country. We’ll be anxious to see what other games and apps the company might roll out in the future.
Also drawing our interest is the current set-up of the GBGM chart:
As you can see on the annotated chart we prepared, the RSI is currently indicating that GBGM coming off of being oversold. You can also see the notable moves the stock has made recently, including one that spanned from August to December, and covered an increase of 1880%
It’s just coming off of finding support at .0014 in its most recent swing cycle, and the MACD is currently crossing to the bullish side, so we could be coming across GBGM at just the right time to allow us to get in on the next upswing.
For more information, you can view this Video Profile of GBGM we commissioned, as well as following the links below.