Thursday, October 29, 2020

Strattner Financial Group (SCNG): Asset Under Management Increased 192% in the Midst of a Global Pandemic

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As investors seek to structure an all-weather portfolio that can thrive through the pandemic, penny stocks were at the top of their watchlist. Most of them, trading under 5 dollars, have continued to be market-leading targets for investors through the coronavirus stock market crash and rebound.

Strattner Financial Group (OTC: SCNG) have weathered the Coronavirus impact, so far this year, and have the potential to rally further.

The company recently reported that asset under management in its wholly owned private funds TBS Equities Fund LLC and TBS Capital LP increased 192% from $2,328,582 to $6,812,000 attributable to a growing securities portfolio.

To recap, on March 25, 2020 Timo Strattner became CEO of SC Holdings Corp. and changed its name to Strattner Financial Group. During the week of his appointment he acquired his Companies, New York based Exempt Reporting Investment Adviser,TBS Capital Management LLC CRD#304817 / SEC#: 802-117143, and wholly owned private funds TBS Capital LP and Strattner Capital LP both in the UK, and TBS Equities Fund LLC, adding $2,328,582 of financial assets to the Company.

TBS Capital Management LLC manages multiple alternative assets classes and strategies across a broad spectrum of industries including buyout and control investments, distressed opportunities, convertible securities, special situations, and alternative credit. Strattner Financial Group is actively pursuing the strategy to acquire a Broker-Dealer in the USA and obtain FCA licensing in the United Kingdom to accelerate enterprise growth and provide tailored investment banking and growth services relevant to the industries where subsidiaries operate.

The Company also opened technology division Strattner Technologies LLC which made headlines acquiring New York based Point-To-Point technology firm Always On Incorporated. Shortly after Strattner Technologies LLC is entering into the satellite communications market through an agreement with satellite network operator Pivotel America, Inc. Subsequently, Strattner.Space was launched to offer, via Pivotel, access to satellite communication services with standard local numbers in select regions, low satellite call rates, standard mobile call rates for callers to Strattner.Space clients, and roaming between four satellite technologies namely Inmarsat, Globalstar, Thuraya and Iridium.

Strattner Technologies LLC also signed a contract with satellite phone manufacturer AdvanceTC Limited (OTC:ATCLF) to service and commercialize up to one million phones via the Strattner.Space platform. AdvanceTC’s android based satellite-smartphone Xplore 7 is a FCC/SIRIM certified rugged satellite-smartphone with 4G LTE, satellite messaging and emergency button device which received authorization by the United States Federal Communications Commission (FCC) in 2019.

Last week, Pareteum Corporation (Nasdaq: TEUM), a global cloud communications platform company, announced today that it has partnered with Strattner Technologies LLC, a subsidiary of Strattner Financial Group (OTC: SCNG), to launch the Strattner Voice brand, a GSM cellular network complementing its satellite communications network Strattner.Space.

Strattner Technologies will utilize Pareteum’s Experience Cloud platform to enter the mobile communications market with the mission to reconnect Americans with their friends, family and business associates both in the US and across the world, in these pandemic times. Strattner is bridging the gap between cellular and satellite networks on a single smartphone device. Strattner.Space, the Satellite communications division of the company, has strategically combined with Strattner Cellular division to bring this product solution to market. David Blunk, CTO of Strattner Group stated, “We are very excited about the opportunity to go to market with a unified cellular solution that integrates rural market coverage on satellite technology.”

The Pareteum Experience Cloud delivers connected services in over 200 territories worldwide and its reach continues to expand. The Pareteum Experience Cloud enables a host of powerful mobility, customer engagement, analytics, and intelligence services over the world’s largest unified global network. This includes global Wi-Fi and cellular connectivity, inflight Wi-Fi service, application-to-person (A2P) messaging, location intelligence, and more. The platform’s SaaS model enables rapid time to market for service launches and expansions and allows brands to pay-as-they-scale.

“We are thrilled to partner with Strattner Technologies to help launch their Mobile Virtual Network through our robust Experience Cloud platform,” said Bart Weijermars, Pareteum’s CEO. “The Pareteum Experience Cloud provides the flexibility and scalability to power a diverse range of services that will enable Strattner to enter the mobile communications market.”

“We see tremendous growth in the satellite communications market and after launching our satellite communications service, Strattner.Space, we are thrilled to announce our partnership with Pareteum to launch our mobile network called Strattner Voice which will be available to the growing satellite-smartphone device market,” said Timo Strattner, CEO of Strattner Group. “Our mission is to reconnect America. ”

The company is on a high growth trajectory, and that makes Strattner Financial Group (OTC: SCNG) stock very attractive. SCNG is trading at a discount compared to other players. And several upcoming catalysts could catapult shares higher.

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