History
A small shell company that changed names and direction several times, after a failed 2015 acquisition it handed its new AI price-comparison business, Plyzer, to a Spanish developer in exchange for shares.
2012-2015: Small deals and a failed acquisition
In May 2012 the company, then called Webtradex International, signed a non-binding letter of intent to buy Birthday Slam Corporation, a birthday-themed internet start-up, for an unspecified number of its shares. In July 2012 it announced it had acquired B'Wished from Birthday Slam instead, as an asset purchase. The filing gave no price or terms. Shares on issue stayed at around 15.9 million through 2014, and the record for those years is quiet.
In March 2015, now named ZD Ventures, the company said it had closed the purchase of Bluesence Innovation Group, a Barcelona-based IBM cloud partner. Its founder, Sergi Vargas, stayed on as CEO under a consulting agreement, and no price was given. A month later the deal was terminated over disagreements about certain terms. The company said it was negotiating with the Bluesence owner to settle financial advances it had made to him, and that it was working on other objectives in new technology sectors. The record does not show whether those advances were settled.
2016-2020: Plyzer
In December 2016 ZD Ventures signed a development and consulting agreement with Lupama Producciones. Lupama would manage Plyzer, a wholly owned Delaware subsidiary building an artificial intelligence price-comparison web portal. Lupama received 5 million shares, with up to 25 million more tied to milestones, and its CEO, Luis Pallares, became Plyzer's CEO. A beta test was aimed for the first quarter of 2017. The filings do not link this to the failed Bluesence deal.
The company later took the name Plyzer Technologies and has traded on the OTCQB market under the ticker PLYZ since September 2018. It also borrowed through two convertible notes from EMA Financial, of $39,500 and $56,000, which can be repaid in shares at a discount to market prices. The share count rose from about 15.9 million at the end of 2014 to more than 119 million by 2020, though the beats explain only the Lupama issue.
As of January 2020, Plyzer's customers included Adamed Laboratorios, and quarterly revenue was $3,000 for the period ended September 30, 2019. Auditors have repeatedly raised doubt about whether the company can continue as a going concern. Its auditor, Heaton & Company, resigned in December 2019 without giving a reason, and M & K CPAS was engaged in January 2020. Annual and quarterly reports were often filed late in 2018 and 2019.
Written from the 5 story beats below (2012 to 19 Dec 2016), which come from the company's own announcements and filings.