The launch of a new business unit is almost always seen as a trigger for greater attention for a company, and that is why the Hallmark Venture Group Inc. (OTC: HLLK) stock could be worth tracking this morning. On Monday the company came into focus after it made an announcement with regards to a new subsidiary unit.
The New Subsidiary
The company announced yesterday that it had launched a new subsidiary involved in the management and consultancy space. The subsidiary would mainly work with public companies to help them in implementing revenue models that could be scaled and to boost their positioning in the markets. It would also help the public companies in growing their revenue streams in the most efficient ways possible. It was noted in the news release that Hallmark Venture Group had been successful in creating a model that made lead generation simple while delivering strong margins.
Further Details
The company went on to add that the consulting agreements that it already had in place would provide its services on the basis of a retainer model. Additionally, the subsidiary would also manage the administrative processes of the client companies and engage the services of third-party providers to improve outcomes.
CEO Comment
“We’ve built a model that simplifies revenue generation while maintaining strong margins,” said CEO Evan Bloomberg. “Our expertise in infrastructure development and management allows clients to focus on growth while we handle execution.”
