Business
Up to $100+ million of assets in various stages acquisitions across real estate, tech sector by Q1,2019
Up to $100+ million of assets in various stages acquisitions across real estate, tech sector by Q1,2019.
About this update from Exxe Group Inc.
[{"type":"text","content":"Up to $100+ million of assets in various stages acquisitions across real estate, tech sector by Q1, 2019NEW YORK, NY, November 14, 2018 -- Exxe Group (OTC PINK: AXXA), a diversified corporation focusing on investments in real estate, financial services, fintech, technologies and media announced today that the company's short-term goal is to finalize 10 properties and private equity projects with an estimated value of USD $100+ million in assets by Q1, 2019. These acquisitions will strengthen the firm’s Balance Sheet with high-quality assets in niche markets with critical future revenue streams. Exxe Group Real Estate StrategyUnder the plan established earlier this year, the first round of acquisitions focused on Europe with current real estate projects under development including general apartment development in Germany, a Swiss mixed-use real estate and mixed-use storage facility, a Bavarian senior living community and three liens on three Swiss properties. These acquisitions already enhanced the firm’s Balance Sheet which was reflected in the last quarter financials reporting 18+ Million of Assets. Exxe Group US Market StrategyTo further the progress we made in Europe, we also are expanding into the US domestic market, targeting diversified real estate transactions in the most desired residential areas of Miami and New York City. Acquisitions will be completed through a combination of cash, promissory notes and the assumption of existing debt. The goal is to acquire high-quality assets that will strengthen the balance sheet and fuel our alternative landing platform.Exxe Group Technology StrategyExxe Group’s acquisitions also form a solid value foundation and enhancement through Artificial Intelligence, Augmented and Virtual Reality projects. In addition to our technology lab, we are consolidating 3 more projects of the transaction-enabling layer: Neccentric, Clever Guides and NGS (augmented reality).Neccentric, Exxe's homegrown platform enabling a non-traditional lending service. It allows borrowers to collateralize assets (i.e.: automobiles) and assume ownership rights to a myriad of intellectual property and digital assets. With a stronger balance sheet, namely through the issued Notes as backing, Exxe Group continues to move forward with Bo(t)Lend Transaction Platform. CleverGuides, Exxe's Artificial Intelligenc...