Welcome to our dedicated page for Fastbase news (Ticker: FBSE), a resource for investors and traders seeking the latest updates and insights on Fastbase stock.
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Trustfeed Corp (OTC:TRFE) has announced the completion of its audits for 2021 and 2022, revealing increasing revenues and zero debts. This audit completion is a significant step towards becoming SEC reporting compliant. CEO Rasmus Refer expressed pride in the team's efficiency and emphasized ongoing efforts in technology and deal completions. The company, a subsidiary of Fastbase (OTC:FBSE), aims to enhance transparency for shareholders and customers. Trustfeed was founded in 2021 and utilizes advanced technology, machine learning, and artificial intelligence to provide reliable company and product reviews.
Trustfeed (OTC:TRFE) announced a significant milestone, surpassing 350 million consumer reviews on its platform, covering 305 million companies globally. This achievement reflects Trustfeed's commitment to being a trusted source for reviews and showcases the platform's rapid growth amidst the expanding e-commerce landscape. The company boasts over 5 million registered users, who contribute authentic insights to assist others in making informed decisions. Additionally, Trustfeed offers businesses tools for managing their online reputation, enhancing their visibility in a competitive market.
Fastbase Inc (OTC:FBSE) has announced plans to file Form 10 with the SEC for its subsidiary Trustfeed Corp (OTC:TRFE), aiming to become a fully reporting company. This initiative will enhance transparency and attract a broader range of qualified investors. As a fully reporting entity, Trustfeed will begin submitting annual reports on Form 10-K, quarterly reports on Form 10-Q, and periodic reports on Form 8-K, providing comprehensive audited information on its operations. The filings are expected to facilitate informed investment decisions among current and potential investors, while Trustfeed will continue trading on OTC markets under the symbol "TRFE."
Trustfeed Corp (OTC:TRFE) anticipates significant growth in 2023, driven by a McKinsey analysis highlighting the positive impact of online reviews on consumer goods sales. The study indicates that products with ratings of 3.7 or higher generate revenues five times greater than lower-rated counterparts. Trustfeed's estimated addressable market is approximately US$50 billion, utilizing machine learning and AI to enhance customer engagement. Furthermore, majority shareholder Fastbase (OTC:FBSE) plans to integrate Trustfeed reviews into its web leads, indicating a strategic move to leverage online reputation management for growth.
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