Success Entertainment Changing Name to Renavotio, Shares Leap

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Thursday, July 30, 2020

The world of infrastructure is the focus Thursday afternoon. As most of the rest of the large-cap market wilts in the late July heat, one Tulsa-based company appears to be firing on all cylinders, and can’t wait to tell the world about it. 

The tech sector to which this stock belongs was among the few to move upward, 0.5% in New York. Nothing comparable in Canada was fit for this column, but the sector up there skyrocketed 1.7%. 

Success Entertainment Group International, Inc. (OTC: SEGN), in the process of changing its name to Renavotio Inc., has scheduled a virtual news conference for Thursday, August 6, to explain new developments within the firm.  

Renavotio, Inc. (henceforth, RI for the sake of this feature) is focused on infrastructure opportunities including Medical, 5G, utility construction, utility management, IoT, water, waste management technology, and related industries. 

RI initial targets and recent medical protective gear are infrastructure companies with utility construction, consulting/operational agreements with small towns or county CO-OPS that operate their own water and sewer systems, providing long-term savings, utilizing smart-utility monitoring, and dedicated engineering and service personnel. 

These platforms capture utility data from hand-held GPS devices or in-place sensors, with planned use of drones to identify waste contamination, leak detection, and topographic underground utility installation planning. 

RI has a wholly-owned subsidiary, Utility Management Corp., a holding company focused on infrastructure, 5G, utility construction, utility management, IoT, water and waste management technology, and related industries. 

SEGN (reverting back to its current stock symbol) shares climbed 13.6% to 7.95 cents, on volume of 381,000 shares. 

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