Diversified holding firm and parent of Rodedawg International Industries, Critical Solutions Inc (OTCMKTS:CSLI) acquires and invests in profitable and emerging growth companies
Trading Data
On Thursday, CSLI stock gained 0.93% to $0.0055 with more than 9.02 million shares traded, compared to volume of 912K shares. The stock moved within a range of $0.0045 – 0.0069 after opening trading at $0.0050.
Critical Solutions, Inc. (OTC: CSLI) Appoints New CEO
Critical Solutions Inc on July 28, 2022, announced that the firm has appointed Matt Dugan as the new Chief Executive Officer from August 1, 2022.
Vice President of Business Development, Robert Munck said that Dugan brings years of experience and success from sectors where the company has interest and experience in new business channels. He added that all these attributes make Dugan the ideal candidate for leading Critical Solutions.
Dugan isthe Founder of Frudy, a streaming platform on Roku amongst other devices. Frusy also has a number of FAST TV Channels currently in the development stage. With an extensive background in Hollywood and GenZ marketing, Dugan has been at forefront of every consumer technology trend. He was also engaged with developing artistswho were on an app named Musical.ly. Furthermore, he was instrumental in identifying key creators and building their business models. This generated multi-million-dollar revenue streams for some high-profile creators on Musical.ly, which merged and became TikTok, the #1 social media app in the world.
Dugan opines that the goal in the next 6 months at the company is to acquire and merge Frudy into Critical Solutions Inc, update the website, generate profitable revenue streams, and augment shareholder communication. Additionally, he said that the company also wants its shareholders to know that no reverse split is planned and that it looking at a name and symbol change.
Universal Systems, Inc./Digital Distro Solutions, Inc on June 10, 2022, had announced the appointment of Alessandro Patti as Chief Technical Officer.
Andrew Lane, CEO of Universal Systems, Inc./Digital Distro, said that the company is excited on the announcement as Mr. Patti is a global leader in NFT and Web3 industry. Lane added that Patti has been engaged in a large range of blockchain projects and has brought an unparalleled depth of experience. As per the CEO, Patti will play a leadership role in new revenue streams with the foray into Metaverse.
Patti’s experiences include being CTO and Founder of AGP Solutions. He has the ability to solve enterprise-class IT infrastructure challenges and seamlessly bridges the gap between business and technical teams. He had leadership roles across institutions including Citigroup, GE Consulting Group, Microsoft Consulting Services, PSYBLOCK, and Chubb Computer Services.
Patti feels that technological pain points are potential opportunities. He has effectively prototyped and rapidly deployed a revolutionary mining pod supporting both GPU and ASIC computational assets for ancillary heating solutions.
Mr. Robert Munck, Executive Vice President of Critical Solutions said that it is a significant milestone for shareholders of Universal Systems Inc. Munck said that the company is proud to have Alessandro Patti build shareholder value and that Web3 will be able to give novel and in-demand consulting services ensuring sustainability and profitability.
Technical Data
CSLI stock is trading above the 20-Day and 50-Day Moving averages of $0.0048 and $0.0043 respectively. However, the stock is trading below the 200-Day moving average of $0.0061. The company has a total market capitalization of $4.05 million. The stock is up 17% over the past month.
