QualityStocks would like to highlight IFAN Financial, Inc. (OTC: IFAN) and its wholly owned subsidiaries, iPIN Technologies and Mobicash America. The company is engaged in the design, development, and distribution of software that enhances and enables mobile payments. The San Diego-based company has a growing portfolio of solutions, including the ability to use a debit card and corresponding PIN number while purchasing online via mobile phone, tablet, or computer and peer-to-peer cash transfers.
In the company’s news:
In an ARCE Research analyst report issued late last week, analyst Juan Gutierrez discusses the fundamentals behind the recent decline in IFAN Financial’s share price before highlighting the numerous growth opportunities that await the development-stage company.
View the free report here: http://bit.ly/-IFAN-AnalystReport
IFAN shares currently trade around $0.33, below their moving average of $0.49 and a steep drop from the 2015 high of $1.01. The analyst calls the decline a “parabolic movement” bringing shares back to the levels seen last year.
“The stock trend has been downwards throughout the month of March starting from $0.38 on March 2nd, but in the last week it showed signs of a possible change towards a sideline trend,” Gutierrez states in the report, noting that the company’s valuation would benefit from improved basic financial metrics.
California-based IFAN Financial is developing the next generation of mobile payment transactions. Together with its wholly owned subsidiaries, iPIN Technologies and Mobicash America, IFAN designs, develops and distributes software that enables modern mobile payments via debit card and corresponding PIN number for purchases and peer-to-peer cash transfers made online via mobile phone, tablet or computer.
Thanks to a recent overhaul of its website, investor relations material, and general market buzz, the company’s technologies are earning broader market attention.
“IFAN Financial is starting to get noticed for its portfolio of products, but the role of the company in the dynamic market where it’s operating is still to be decided,” states Gutierrez.
This “dynamic” market is the $50 billion U.S. mobile payment market that Forrester research projects will more than double to $142 billion by 2019.
In questioning whether IFAN has the tools needed to succeed in this market, the report highlights several of IFAN’s strategic moves, including product beta testing, industry partnerships and the anticipated launch of its iPIN Technologies products, slated for next quarter.
“The second quarter of 2015 will be a decisive period for the company with the possible release of the iPIN Technologies’ products and the beta testing that is undergoing with Vanvit which, according to J. Christopher Mizer, President and CEO of IFAN Financial, is ‘the final step of testing before we go live with the prepaid portion of our iPIN Technologies platform, an achievement that represents a significant milestone in the development of IFAN’s business,’” ARCE Research states in the news release announcing the availability of the report.
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Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
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