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(NEW YORK)–Ludlow Research initiates coverage on Gopher Protocol, Inc. (OTCQB: GOPH), a development-stage company which specializes in the creation of Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies.
On March 1, 2018, the Company acquired processing prepaid platform, servers, POS terminals, customer list, a processing software program from ECS Prepaid LLC. The core asset of ECS is its processing software program, which Gopher intends to marry immediately into the prior acquisition of the UGO HUB and the UGO brand of products.
ECS PrePaid’s core operating system currently operates over 9,000 terminals in retail locations throughout the United States. These terminals process over 14,000 transactions a day and have capacity to entertain at least three times its current volume, without further software expense. This platform generated approximately $32 million in revenue for the year ended December 31, 2017 (unaudited), approximately $4.2 million for the month of January 2018 (unaudited) and approximately $4.3 for the month of February 2018 (unaudited).
Greg Bauer, CEO of Gopher summarizes, “We are moving at a significant pace as we continue to develop our sales channels through acquisitions as well as advance our products which include GPS tracking, drones, a MESH network technology for use in autonomous driving tracking, Artificial intelligence and IoT.”
In a note to subscribers Ludlow Research made note of GOPH recent ECS asset acquisition, and that when it comes to Internet of Things (IoT), and Artificial Intelligenece GOPH is one of the better small cap plays within the sector.
Ludlow Research is initiating ongoing coverage on GOPH, and is expected to release a more detailed report on the company shortly.To receive updates on this upcoming report please register at https://ludlowresearch.com/investors
About Gopher Protocol Inc.
Gopher Protocol Inc. (OTCQB: GOPH) is a development-stage company which consider itself Native IoT creator, developing Internet of Things (IoT) and Artificial Intelligence enabled mobile technology. The Company has a portfolio of Intellectual Property that when commercialized will include smart microchips, mobile application software and supporting cloud software. The system contemplates the creation of a global network. The core of the system will be its advanced microchip technology that can be installed in any mobile device worldwide. Gopher envisions this system as an internal, private network between all enabled mobile devices providing shared processing, advanced mobile database management/sharing and enhanced mobile features. http://gopherprotocol.com
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