DALLAS, TEXAS : StockGuru announces that Digital Development Partners Inc. (OTCBB: DGDM) is in the StockGuru Spotlight. Digital Development Partners, Inc. distributes and services the EFT mobile PDA phone in China/Asia. The company, through an agreement with EFT Biotech Holdings, Inc. (EFT), owns worldwide distribution and servicing rights to the EFT-Phone. The company offers the EFT mobile PDA phone to EFTs base of approximately one million affiliate members. EFT-Phone enables the EFT affiliates to speak with various other affiliates at no charge while in a Wi-Fi location, utilizing VoIP technology.
On Tuesday, the company put out news announcing that it has delivered the first shipment of Smartphones to its customer EFT International. The initial shipment was part of an original purchase order received by the Company last May for 100,000 EFT-Smartphones with Wi-Fi and VoIP capabilities. The initial purchase order called for 20,000 handsets to be delivered throughout the fall of 2010, with the first run being 5,000. In order to comply with the specifications set forth by EFT, several software revisions, additional R&D and updates were required. The manufacturer recently completed and shipped the initial first run of 500 handsets which is branded the “EFT Smartphone.” The completion of this shipment also represents the first revenues to the Company of approximately $100,000. Digital anticipates shipping the balance of 4,500 handsets, to complete the first run of 5,000, by month end.
Shares for Digital Development Partners Inc. (OTCBB: DGDM) were up during the late morning of trading on Tuesday and closed up four cents at closing.
To view our StockGuru Spotlight on Digital Development Partners Inc. (OTCBB: DGDM), please visit: http://stockguru.com/category/latest-spotlights/
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