Harrison Vickers & Waterman Inc (OTCMKTS:HVCW) Stock Takes A Hit: Here Is Why

As the trading week comes to a close investors are going to continue to hunt for stocks and one of the stocks that many may be looking into is that of Harrison Vickers & Waterman Inc (OTCMKTS:HVCW).

Modern Pro Solutions Confirms Artificial Intelligence (AI) and Installation Partnerships

The company was in the news on Thursday after its subsidiary unit Modern Pro Solutions made an announcement with regards to a partnership it had entered into with an artificial intelligence firm. It also announced that it had gone into a large installation partnership. Owing to this particular partnership with the artificial intelligence firm the company is going to be relieved of some of the sales-related, operational, and customer service functions.

The Chief Executive Officer of Modern Pro Bobby Tetsch spoke about the matter as well. He noted that the company believed that artificial intelligence was the future of business and Modern Pro wanted to do everything in its power in order to stay ahead of the game by bringing the technology to the industry it is involved in. He went on to add that this decision is going to help the company in generating higher profit margins and turn its business processes into more efficient operations.

Key Quote

Modern Pro Solutions has teamed up with an Artificial Intelligence company that will relieve many operational, customer service, and some sales functions. According to CEO Bobby Tetsch, “We feel that AI is the future and we want to do everything we can to get ahead of the curve and bring this technology to our industry. This will result in greater profit margins and more efficient processes by removing the human element”. The company still retains best-in-class team members, however, the implementation of the new AI platform, will reduce jobs in certain departments, thus increasing profitability.