Business
Exxe Finalizes Contract with VIP Digital Communities and Gains Multiple Revenue Streams
Exxe Finalizes Contract with VIP Digital Communities and Gains Multiple Revenue Streams.
About this update from Exxe Group Inc.
[{"type":"text","content":"\nNEW YORK, March 06, 2019 (GLOBE NEWSWIRE) -- Exxe Group, Inc (OTC: AXXA), a diversified company focused on synergistic acquisitions in real estate, fintech, artificial intelligence, media and financial services, is pleased to announce the completion of the acquisition and of control of assets valued at 8 million USD. Exxe has completed the acquisition of the VIP international digital media platform & community (“VIP”,”VIP Digital”) that delivers and markets exclusive VIP concierge services and events to an elite, wealthy community via a premier software booking app. VIP Digital consists of a media platform, app technology, an international team, a pool of existing contracts, and access to a community of affluent users.\n Transaction DetailsVIP was acquired through a combination of private equity funding, installment payments, debt, privately structured capital investments and personal guarantees. A controlling interest value of approximately 8 Million USD of assets was secured by Exxe’s contractual commitments that included a number of notes with different maturity dates and installments payable over 24 months. The contractual agreement also provides protection of Exxe’s investment to be backed by the assets of the target company, with interest on the invested capital at 10%, this secures protection of the 1 million initial investment by Exxe Group.  This structure protects Exxe’s principal investment if Exxe chooses to exit. Value AddedVIP Digital adds significant value to Exxe’s markets by bringing a strong user/customer base in 40+ cities, in addition to a solid and reliable tech & social media platform that can be adopted to other user community groups that Exxe targets, such as Exxe’s plan to enter into Seniors Community Services with its flagship Vita project in Bavaria.    The Deal’s Benefit to The Exxe Group VIP’s customer base is an asset that can be monetized by expanding our services, advertising, sales and other product offerings on the VIP Digital platform. VIP Digital’s quality user base is a strong asset that has potential to convert ownership participation in other projects and communities Exxe targets.  A Significant Increase in Exxe’s Revenue is achieved by obtaining technology for a highly scalable ...