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Friday, January 27, 2023

Fritzy Tech Inc (OTCMKTS: FRFR) Trading Big Volume After Co Reports it has Entered the Online Travel and Tourism Space & Launches 2 Travel Portals

Fritzy Tech Inc (OTCMKTS: FRFR) is making an explosive move up the charts up well over 30% on Tuesday and had already traded $350,000 dollar volume by early afternoon. The stock is moving up in an old school pump style and we are watching to see where it goes from here. FRFR has just over 1.6 million shares in the public float.

On Monday the Company filed an 8k reporting the Company has entered the online travel and tourism space with the simultaneous launch of the travel portals, Travelcityflights.com and Travelcitystays.com. We will be updating on FRFR when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.  

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Fritzy Tech Inc (OTCMKTS: FRFR) operating out of Plainview, New York, the Company plans to develop a platform that can take care of consumer’s travel needs ranging from flights and hotel rooms to local destination tours as well as car rentals under the “Travelcity” branding. 

On Monday January 9, FRFR filed an 8k that stated: “Fritzy Tech Inc reports that it has entered the online travel and tourism space with the simultaneous launch of the travel portals, www.travelcityflights.com and www.travelcitystays.com. 

Travelcityflights.com and Travelcitystays.com allow users to gain access and to book cheap flights online easily. The sites also provide ready access to thousands of hotel rooms and suites around the world, which would allow the Company to capture a proportion of the post pandemic rebounding travel market. 

Travelcityflights.com states on their website: “We are a travel metasearch site that finds and compares the best offers on flights, hotels, car rentals and package holidays. We’re free, which means that we never add any booking fees.” 

Travelcitystays.com states on their website: “We know that booking accommodation online isn’t easy, but we believe it should be. Having to trawl through a hundred websites looking at a thousand ‘deals’ can be overwhelming and complicated. At the end of the day, you just want to know you’ve booked the hotel, flight, car or tour that’s right for you – at the best possible price. We saw the opportunity to do something about this. Since then, we’ve been working hard to find you the best hotel deals.” 

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FRFR

The Company was incorporated in the State of Delaware on March 31, 2014. From inception to December 1, 2017, the Company was in the business of acquiring, developing, managing and selling residential and commercial income-producing properties in the Cincinnati and Dayton, Ohio metropolitan areas. Revenues primarily resulted from rental income from the tenants occupying the properties the Company acquired and from the proceeds of property sales. Since starting its business in March 2014, the Company has only acquired one light industrial facility in Dayton, Ohio. All real estate activity has been reclassed to discontinued operations. On December 1, 2017, the building was transferred to the Company’s primary shareholder in exchange for assumption of the debt associated with the purchase of the building. On December 1, 2017, the Company underwent a change of control and discontinued its real estate business. 

On December 3, 2019 a majority of the Company’s stockholders and its board of directors approved a change of name of the Company’s company to Fritzy Tech Inc. and a reverse stock split of its issued and outstanding shares of common stock on a sixty (60) old for one (1) new basis. A Certificate of Amendment of Certificate of Incorporation was filed with the Delaware Secretary of State on December 5, 2019 with an effective date of December 16, 2019. The name change and reverse stock split was approved by Financial Industry Regulatory Authority ( FINRA ) with an effective date of December 23, 2019. 

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Currently trading at a $33 million market valuation FRFR OS is 16,946,826 with around 1.6 million shares in the public float. The stock took off over 30% on Tuesday and had already traded $350,000 dollar volume by early afternoon. The stock is moving up in an old school pump style and we are watching to see where it goes from here. On Monday the Company filed an 8k reporting the Company has entered the online travel and tourism space with the simultaneous launch of the travel portals, Travelcityflights.com and Travelcitystays.com. We will be updating on FRFR when more details emerge so make sure you are subscribed to Newsytrends.com by entering your email below. 

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Disclosure: we hold no position in FRFR either long or short and we have not been compensated for this article.

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