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GSPT
Starting April, 2015, the Company has entered into the "Drones" business. North American Drones has agreed to grant Golden star, the exclusive manufacturing, distribution and marketing rights for their NAD Product Line. Drones (also known as Unmanned Aircraft Vehicles (UAV)), most commonly associated with military applications, are increasingly developing civil applications. Recent advances in technology, and a concurrent drop in production costs have changed the market for drones and the services they can provide. This has led to heretofore untapped uses for these machines for both recreational and commercial uses. These services include aerial surveying, aerial video and photography, search and rescue operations, inspecting power lines and pipelines, counting wildlife, delivery of supplies (particularly to remote areas), forest fire detection, surveillance, and much more. A large number of tasks performed from the ground today that are either personnel intensive, infrastructure intensive, or time intensive, can be more easily accomplished through the use of drones.
"We're pleased to be joining the growing sales momentum of online retailers. We expect to build up our online presence and increase sales volumes over the next quarter," states Matt Kelly, Director of Golden Star.
On April 27, 2015, Golden Star entered into an
agreement with a Wee-Cig International Corporation, a Company with Directors in common, whereby Golden Star assigned its proprietary rights to its "Vapor Spirit" high quality alcohol vaporizers to Wee-Cig International Corporation in exchange for 45,000,000 restricted common shares of Wee-Cig International Corporation. Golden Star now holds a 49.8% interest in Wee-Cig International Corporation (OTCPK:WCIG)
Matt Kelly, Director of Golden Spirit states, "The idea of filming from an aerial view has been around for years with many professional athletes hiring helicopters to follow them around. We are not only making it more affordable for those athletes but also making it affordable for the recreational hikers, bikers, skiers, snowboarders and mountain enthusiasts. Furthermore, NA Drones two flagship products, the X-factor and Kasper, are specifically designed for consumers with zero training experience, making them more attractive for the growing demand in this sector."
Key Details
1. Low float bounce opportunity. The stock was trading at over $.10 less than a year ago.
2. The drone market is projected to rapidly expand in the near future for both civilian and personal use.
3. This could be the hot sector for 2015-2016.
4. Nice bid support on the level 2 for downside protection.
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