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VeeMost Technologies Holdings Inc (GDVM) specializes in developing secure, transparent blockchain solutions through its innovative controlled ecosystem. This news hub provides investors and industry professionals with timely updates on the company's strategic initiatives, technological advancements, and market positioning.
Access comprehensive coverage of GDVM's press releases, including earnings reports, partnership announcements, product launches, and regulatory developments. Our curated collection ensures you stay informed about the company's phased blockchain deployment and progress toward key milestones like Nasdaq uplisting.
Key focus areas include controlled ledger innovations, research breakthroughs, and enterprise applications of blockchain technology. Bookmark this page for direct access to verified updates on GDVM's unique approach to balancing decentralization with operational security and compliance.
VeeMost Technologies Inc (OTC: VMST), formerly Global Developments Inc. (GDVM), announces FINRA approval for corporate name change and new ticker symbol. The changes, effective April 15, 2025, include a new CUSIP number: 922462106. The rebranding reflects the company's strategic focus on providing IT solutions including cloud computing, cybersecurity, managed IT services, and digital transformation solutions.
The transition aligns with VeeMost's evolution in delivering digital infrastructure services to enterprise and government clients. CEO Melvin Ejiogu emphasizes this change as a significant step in matching their public identity with their technological value proposition. Shareholders need not take action as existing share certificates remain valid, and brokerage accounts will automatically update to reflect the changes.
VeeMost Technologies (OTC: GDVM) has announced significant strategic updates to its growth initiatives. The company has decided to redirect funds originally planned for a Dallas-based acquisition, citing potential excessive shareholder dilution and unfavorable financing terms. Instead, VeeMost is focusing on internal growth through several key initiatives.
The company has made progress in:
- Initiating GSA Schedule approval process
- Winning new E-Rate contracts in the education sector
- Securing contracts with a defense sector company
- Forming partnerships with Vertiv, Nutanix, and Lenovo
- Launching the VeeStore platform
Additionally, VeeMost is in the final stages of its FINRA approval process, addressing legacy SEC reporting gaps from 2006. The completion will enable corporate name change, ticker change, and implementation of the new CUSIP, allowing for key board appointments and improved market standing.
VeeMost Technologies (OTC: GDVM) has announced several significant business developments. The company has secured nine E-Rate bids to provide technology solutions for schools, with more contract awards expected soon. Additionally, VeeMost has obtained multiple contracts with a defense industry company, expanding its presence in the national security sector.
The company has formed new strategic partnerships with Vertiv, Nutanix, and Lenovo to enhance its IT solutions portfolio. VeeMost has also initiated the GSA Schedule approval process, partnering with Government Services Exchange (GSE) to facilitate certification for accessing government contracts.
CEO Melvin Ejiogu received a Lifetime Gratitude Award at a Cleveland educational institution's 50th Gala Celebration for contributions to education technology, highlighting the company's commitment to the education sector.
VeeMost Technologies Inc. (OTC:GDVM) announced the development of a proprietary enterprise-grade blockchain platform for businesses and government organizations. The platform will focus on supply chain management, licensing, digital identities, and payments, including integration with VeeMost's e-commerce store, VeeStore.
The project is structured in four phases over 18 months: Research and Planning (3 months), Development and Testing (6 months), Pilot Rollout (3 months), and Public Launch (6 months). Revenue streams will include licensing fees, subscription plans, transaction fees, and consulting services.
The blockchain platform aims to balance flexibility and governance, making it suitable for enterprises, educational institutions, and government agencies. The initiative supports VeeMost's preparation for a planned Nasdaq uplisting.
VeeMost Technologies Inc. (OTC:GDVM) has launched VeeMost Store, a new e-commerce platform focused on technology solutions for businesses, schools, and individuals. The platform sources products directly from authorized distributors, ensuring authentic products with full warranties and manufacturer support.
The store differentiates itself through automated sales lifecycle management, planned integration of professional installation services, and business-centric solutions including bulk orders and custom configurations. Unlike general marketplaces like Newegg or Amazon, VeeMost Store emphasizes a business-focused experience with guaranteed product authenticity.
Future plans include expanding product offerings, introducing subscription-based purchasing options, and implementing customer loyalty programs. The platform aims to provide competitive pricing through its expanding network of global vendor partnerships.
VeeMost Technologies, formerly Global Developments (OTC: GDVM), announced a Letter of Intent to acquire a Texas-based IT company known for software and hardware integration and support. The Texas firm, founded in 2013, boasts annual revenues of $10 million, with a major customer being a large retailer with over 1200 stores. This acquisition aims to enhance VeeMost's capabilities, driven by the Texas company's innovative approaches and loyal customer base. The deal aligns with VeeMost’s growth strategy and plans to expand in the Texas market, with completion expected in 60 days, pending regulatory approvals.
VeeMost Technologies Holdings, formerly Global Developments Holdings (OTC: GDVM), announced the retention of Amsterdam Group for public relations and strategic communication support. Based in Red Bank, NJ, VeeMost is a global solutions provider specializing in cloud, cybersecurity, and digital transformation services with operations in the US, India, and West Africa. The company aims to enhance its position in the rapidly evolving digital infrastructure sector amidst increasing demands for digital transformation. CEO Melvin highlighted the company’s 20 years of experience and readiness to meet growing challenges while ensuring operational scalability and business resilience. The partnership with Amsterdam Group aims to showcase VeeMost's services and achievements to a broader audience.
On February 23, 2023, VeeMost Technologies Holdings, Inc. (OTC: GDVM) announced its achievement of the Cisco Customer Experience Specialization, recognizing its expertise in digital transformation, data center, and cybersecurity solutions. This accolade validates VeeMost's client success methodology, enhancing customer satisfaction and adoption rates of technology solutions. CEO Melvin Ejiogu emphasized the importance of customer success in driving the company's growth vision. In addition to this recognition, VeeMost is pursuing gold integrator status and has obtained multiple advanced specializations from Cisco, strengthening its competitive position in the market.
Global Developments Holdings, Inc. (OTC: GDVM) has merged with VeeMost Technologies, LTD, resulting in a name change to VeeMost Technologies Holdings, Inc. The merger includes an exchange of preferred shares, with an application submitted to FINRA for a new ticker symbol. Under CEO Melvin Ejiogu, VeeMost aims to enhance its market position in the cloud services sector, launching innovative solutions in Q2 2023. The company has achieved four Cisco advanced specializations and plans to expand through acquisitions, maintaining over 98% client retention. With global cloud services spending projected at $490.3 billion for 2023, VeeMost is strategically positioned for growth.
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