Cavitation Technologies Inc. announced Wednesday that it had hired RedChip Cos. Inc. to lead its investor relations efforts.
RedChip will facilitate greater shareholder awareness and widespread dissemination of the Chatsworth company’s news.
Cavitation manufactures fluid processing systems for making edible oils, renewable fuels, alcoholic beverages and clean water.
RedChip’s platform combines traditional investor relations services – retail and institutional roadshows, writing press releases, strategic counsel and management of quarterly conference calls – with social media and email marketing. The Orlando, Fla. company also has a weekly TV show, the RedChip Money Report, which airs on Bloomberg every Saturday.
Neil Voloshin, chief operating officer and chief financial officer for Cavitation, said the company chose RedChip for its impeccable reputation and a multi-decade track record of results.
“We are entering an exciting phase of our business lifecycle and look forward to working with the team of professionals at RedChip to help us target and expand our investor audience and ensure we are communicating effectively with our shareholders,” Voloshin said in a statement.
Shares in Cavitation Technologies (CVAT) closed up to nearly 6 cents on the over-the-counter market Wednesday.