WebSafety Retreats After Soaring (WBSI)

Websafety (OTC: WBSI) retreated 3.1% to $0.0284 after soaring over 45% in the past one week. More than 10.88 million shares have traded hands, compared to its average daily volume of 1.25 million shares.

This morning, WebSafety announced that the company’s mobile phone software can substantially reduce corporate liability by its installation on employee’s mobile phones.

WebSafety has a total share price gain of 446.2% in the year of 2012, despite its retreat today. Shares of Websafety peaked at $0.0077 on April 18th, and volume was up at 21.16 million at that point. Websafety is one of the most notable volume buzzers at over-the-counter market.

Here are some more recent headlines from WebSafety:

  • On June 19th, CEO of the company announced that WebSafetywill be marketing its mobile phone child protection parental notification software to Mobile Posse’s smart phone customers, beginning the same day.
  • April 25th, 2012, RatedSafe educated FOX News Morning Show viewers on protecting kids from cyber-bullying with WebSafety’s advanced parental-control mobile App.
  • April 23rd, 2012, WebSafety announced that the WebSafety retail-point of sale program was expanding to Verizon‘s authorized dealer customers.
  • April 18th, 2012, WebSafety provided insight into the company’s retail-point of sale program and the addressable market for its products.  Key Market Highlights Include: ONE BILLION apps downloaded worldwide each month; EIGHT TRILLION texts sent in 2011; MORE SMARTPHONES purchased than PCs in the United States; TWO BILLION networked mobile devices by 2015; MORE WIRELESS SUBSCRIPTIONS than people in the United States; 103 MILLION wireless tweets are posted each day; 26 PHOTOS are made “hipstery” on Instagram every second

WebSafety, formerly Blindsport Alert, incorporated on July 3, 2006, focuses on marketing, selling, and distributing a range of Internet software applications and services for computers and cell phones globally.

The software applications allow parents or other caregivers to monitor and be notified of occurrences of predator advances, cyber bullying, and pornography received on children’s computers; and cell phone applications that restrict text messaging while driving and provide location information to parents using global positioning system (GPS) technology.

The company plans to market the software products under the WEBSAFETY/CELLSAFETY brand name and the no texting and driving application under the Blindspot Wireless brand name.

The company was previously a development-stage company. It was previously engaged in offering live promotions and marketing events utilizing custom built mobile displays.

 

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Published by Fiona Gibson

Fiona is a finance graduate and an expert in analyzing market trends.