Business
Xalles Holdings Corporate Progress Update
Xalles Holdings Corporate Progress Update.
About this update from Xalles Holdings Inc.
[{"type":"text","content":"\nWASHINGTON, DC, May 15, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Xalles Holdings Inc. (OTC: XALL), a company focusing on accelerating fintech companies, leveraging blockchain technology for financial reconciliation, and payment auditing solutions, today announce a series of corporate developments and plans for the remainder of 2019.\n The Xalles management team is pleased to announce that after some delays it has completed its year end 2018 and Q1 2019 OTC filings of disclosures and financial statements. Our focus for the balance of 2019 includes the analysis of some additional acquisition targets in the financial services industry and fundraising efforts to support the growth of our existing subsidiaries. Our fundraising activities include debt consolidation, new equity investment, and planning for a future registered public offering to support expansion and acquisitions. Xalles would like to outline the key short-term strategy for each subsidiary in 2019 below beginning with the wholly owned “permanent operating companies” under Xalles Holdings Inc.: Xalles Limited – obtain new payment auditing clients including pursuing the U.S. Government through a General Services Administration (GSA) contract, and obtain new X2X clients once the new version of the system is released Xalles Technology Inc. – launch the new X2X Blockchain-based system for supporting international investment and operational financial reconciliation projects Xalles Capital Inc. – management of holdings through partial acquisition of entities or spin offs of companies that are part of the Fintech Accelerator Program ArrowVista Corporation - to be dissolved in 2019 as IP/assets have been transferred into Xalles Limited Inc. BlockForge Inc. - to be dissolved in 2019 as IP/assets have already been transferred into Xalles Technology Inc. In addition to the above Xalles branded companies, Xalles Holdings currently also has 3 wholly owned subsidiary companies in our accelerator program, each listed below with their 2019 strategy: Amazing Living Enterprises Inc. – acquisition of new customers, affiliates and expansion of the line of products and services offered Co-Owners Rewards Inc. – launch the new prepaid card program with stock rewards Global Savings Network Inc. – launch the new discount card for non-pro...