Business
True Nature Holding Announces UK Acquisition Plan
True Nature Holding Announces UK Acquisition Plan.
About this update from Mitesco, Inc.
[{"type":"text","content":"\nATLANTA, GA, June 17, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – True Nature Holding, Inc. (OTCQB: TNTY) (the \"Company\" or \"True Nature\") announced that it is initiating its European expansion plans with the acquisition of PowerEPOS Ltd. (“EPOS”), www.powerepos.com, a provider of cloud based solutions based in Liverpool, United Kingdom. The Company has executed a non-binding letter of intent, subject to completion of due diligence and approval of both group’s Board of Directors.\n “The Company has been focused on software solutions that provide both compliance and data security for the healthcare industry. This business follows that path, where the solutions are being implemented to allow the users to achieve compliance with their regulatory requirements, while exercising better operational controls, and providing assurance to their clients that data security requirements are fully met,” said Jim Crone, the CEO of True Nature. He further explained, “The EPOS platform is cloud based, implemented on Microsoft Azure and AWS platforms, using a SQL server approach. The API structure is such that additional value-added applications may easily be added, such as human resources, tax reporting, and transaction processing. We believe the growth path for EPOS can include new geographies such as North America, as we integrate new functionality including data analytics and a front end for healthcare and pharmacy applications. The architecture is smart, fast and designed for support of additional applications, all features we seek in technologies going forward, with an ability to support the newest FINTECH and REGTECH solutions.” According to a research report published by Zion Market Research in December 2018 the global point of sale software market accounted for USD 12.9 billion in 2017 and is expected to reach USD 30.9 billion by 2024, at a CAGR of 13.3% between 2018 and 2024. Information about the report can be found here: https://www.globenewswire.com/news-release/2018/12/14/1667085/0/en/Global-Point-of-Sale-Software-Market-Will-Reach-USD-30-9-Billion-By-2024-Zion-Market-Research.html . The PowerEPOS operations recently completed a $2.5 million year and is expected to grow exponentially with the deployment of its new cloud based solutions, and addit...