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WASHINGTON, DC, April 19, 2024 - Xalles Holdings Inc. (OTC: XALL) and its subsidiary, CashXAI Inc. ("CashX"), have entered into an agreement with Alpha Modus ("Alpha Modus"), a technology company with a core focus on artificial intelligence in retail, to license Alpha Modus' patented intellectual property to bolster the offerings to underbanked customers through its financial service kiosks. The licensed patents cover areas of retail advertising, advanced AI and other retail functionality.
CashX, with its mobile app and kiosks that facilitate the seamless conversion of cash into digital currency, and with the recent integration of digital gift cards, low-cost prescriptions, and e- tickets, is uniquely positioned to service the underbanked. The six licensed patents from Alpha Modus should enable XALL and CashX to build new functionality into their software platforms to enhance the support provided to the underbanked market and the retailers in which the kiosks are located, while securing new patent-protected revenue streams.
"This step to license unique and wide-ranging patents from Alpha Modus supports our mission to remain at the forefront of supporting the underbanked population with our financial services offerings while being a strong partner to our large retail clients," stated Stephen Combe, CEO of CashX.
Thomas Nash, CEO of Xalles Holdings, also commented on this recent transaction, "We are committed to adding value to our operating companies. The use of licensed patent protection represents an opportunity to enhance the value of CashX and the potential of our other subsidiaries over time."
About Alpha Modus Corp.
Alpha Modus engages in creating, developing and licensing data-driven technologies to enhance consumers’ in-store digital experience at the point of decision. The company was founded in 2014 and is headquartered in Cornelius, North Carolina. For additional information, please visit alphamodus.com.
About CashXAI Inc.
CashXAI Inc., a leader in financial innovation, offers a dynamic platform for individuals lacking traditional banking access. The CashXAI mobile app simplifies converting cash into digital currency, supporting transactions from bill payments to cryptocurrency investments without requiring a bank account. With an extensive retail network, CashXAI provides unparalleled financial freedom and management capabilities, empowering users to effortlessly control their finances from anywhere. CashXAI stands at the forefront of bridging financial gaps for underbanked communities. For more information, please visit the CashX website at https://cashx.ai/.
About Xalles Holdings Inc.
Xalles Holdings Inc. is a leading holding company, specializing in innovative technology and financial service solutions. Focused on growth and diversification, Xalles Holdings is committed to developing cutting-edge technology-based solutions across various sectors, with an emphasis on supporting disruptive companies. Utilizing its proprietary Xalles RISE Business Model (Roll In, Selected Exit), the company actively seeks acquisition targets with solid management teams, robust business models, expansive total attainable markets (TAM), and enticing exit opportunities. Emphasizing the integration of blockchain and cutting-edge technologies, Xalles provides industry-leading solutions, poised to capture recurring revenue streams over time. Discover more at Xalles.com.
Forward-Looking Statements Disclaimer:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at SEC.gov and in OTC Markets at OTCMarkets.com.
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