Hestia Insight Inc (OTCMKTS:HSTA) has announced that its wholly owned subsidiary HSTA HEALTH INC., d/b/a Hestia Vending, has entered into a strategic partnership agreement with ChargerGoGo, Inc., a Las Vegas-based company that operates one of the biggest portable phone charging networks in the US.
On Thursday, HSTA stock slumped 3% to $0.9700 with more than 150 shares, compared to its average volume of 325 shares. The stock moved within a range of $0.9700 – 0.9700 after opening trade at $0.0289.
Update: Hestia Insight Subsidiary Enters Strategic Agreement with Leading Portable Phone Charging Network
Hestia Vending has recently announced its vending pilot program featuring HealthyYOU e-vending machines which dispense healthy food, beverage and wellness products. It is set to introduce ChargerGoGo smart phone charging station and power bank kiosks in densely populated locations and venues for smart phone charging convenience.
ChargerGoGo smart phone charging station and power banks let users access a portable battery from any ChargerGoGo kiosk. They can charge their smart phones, while avoiding missing meetings or important events. ChargerGoGo portable batteries are then returned by users to any nearby ChargerGoGo kiosk.
Edward Lee, Hestia Insight Chairman and CEO, said that ChargerGoGo already has more than 500 locations in the Las Vegas area, with many others in key locations nationwide. The objective is to introduce a kiosk at every commercial facility in the U.S. ChargerGoGo portable batteries can be used with any Apple, Android or other smart phone device using USB. Kiosks will be installed at restaurants, bars, nightclubs, coffee shops, stadiums, hotels, and convention and retail centers.
“We intend to initially focus on the New York City and Long Island areas for our introduction of ChargerGoGo smart phone charging station and power bank kiosks,” Mr. Lee said. “This incredible convenience provides enormous piece of mind, and we will enhance our ChargerGoGo kiosks with a video infomercial and other innovative thoughts. Ideal locations for ChargerGoGo kiosks include restaurants, bars, nightclubs, coffee shops, stadiums, hotels, and convention and retail centers,” Mr. Lee concluded.
HSTA stock is trading below the 20-Day and 50-Day Moving averages of $1.05 and $2.16 respectively. Moreover, the stock is trading below the 200-Day moving average of 3.59.