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Belle Bonica Luxe Corp. / BlockChain Loyalty Corp. Announces Closing of Definitive Agreement with Hong Kong-based AI-Marketing firm Touchpoint, Acquiring 12.5%
Belle Bonica Luxe Corp. / BlockChain Loyalty Corp. Announces Closing of Definitive Agreement with Hong Kong-based AI-Marketing firm Touchpoint, Acquiring 12.5%.
About this update from Blockchain Loyalty Corp.
[{"type":"text","content":"PORTLAND, OR and MONTREAL, QC / ACCESSWIRE / November 15, 2023 / Belle Bonica Luxe Corp. / BlockChain Loyalty Corp. (OTC PINK:BBLC) is pleased to announce the signing of a Definitive Agreement with Sinoex Limited Dba Touchpoint, a Hong-Kong based AI (Artificial-Intelligence) and marketing firm, acquiring 12.5% of Touchpoint on October 20th, 2023. This strategic acquisition is part of BBLC's plans to create recurring organic revenue streams; by not only utilizing the services of Touchpoint's technology to drive sales toward its wholly owned subsidiary True + Luscious; but also offering and recommending its use by other brands that BBLC acquires in the near future. BBLC believes that the possibilities of generating income are threefold and very encouraging. One, being through Touchpoint's existing customers; another, as an increased spotlight by AI-generating advertisements geared at driving traffic and sales towards True + Luscious' website www.trueluscious.com; and the third via signed contractual agreements with Touchpoint, by its subsidiaries.Transaction terms:BBLC will pay the value of $730,000.00 in Consideration Shares & cash and will jointly raise capital for Sineox Limited Dba Touchpoint in the amount of $102,000. The Consideration Shares have a per unit value of $0.42 USD. The transaction will be broken down into 3 segments of 5% and 5% in shares, and 2.5% in cash. Each issuance of Consideration Shares and cash payment will take place over the course of 60 days per segment, until the entire 12.5% is acquired. Sinoex Limited Dba Touchpoint shall issue the same number of units to Belle Bonica Luxe Corp. in-order to consummate the purchase."This is an extremely important acquisition that will bring value to BBLC through AI-powered technology and access to sales channels and methods, used by Touchpoint and their team. This is very exciting" said Joel DeBellefeuille, Chairman & CEO of BBLC.Key takeaways include:Synergy in AI Marketing Services: The acquisition of Sinoex by BBLC has the potential to create a synergistic relationship in the field of AI algorithm-based marketing services. Sinoex's expertise in this area can significantly enhance BBLC's capabilities, allowing it to offer advanced marketing solutions to corporations, SMEs, and marketing agencies worldwide.Competitive Advantage: By incorporating t...