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Xalles Holdings Fintech Accelerator Program and Corporate Updates
Xalles Holdings Fintech Accelerator Program and Corporate Updates.
About this update from Xalles Holdings Inc.
[{"type":"text","content":"\nWASHINGTON, DC, Oct. 25, 2018 (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 announces a series of corporate developments and changes.\n During the third quarter of 2018 and continuing into October, the Xalles management team has been focused on three areas: corporate structural changes, new acquisitions and fundraising to support the Fintech Accelerator program. In October, the payment audit services and all intellectual property were transferred from ArrowVista Corporation to Xalles Limited to simplify the organization structure. This results in having 3 wholly owned “permanent operating companies” under Xalles Holdings Inc., each listed below:         Xalles Limited        Xalles Technology Inc.        Xalles Capital Inc. Xalles Limited is now responsible for offering the X2X transaction reconciliation solutions, pre-payment and post-payment auditing services, and other payment industry consulting services. Xalles Technology is the system development group for designing and building the enhanced X2X system on the Blockchain platform. Xalles Capital is tasked with holding and managing external investments for companies that result from a spin off, or that the company owns a minority share in, outside of our accelerator program. 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:  Amazing Living Enterprises Inc. Co-Owners Rewards Inc. Global Savings Network Inc. Amazing Living Enterprises Inc. is a consumer eCommerce platform and referral marketing network. Co-Owners Rewards is a prepaid card issuer with a unique stock rewards business model. Global Savings Network is a not-for-profit fundraising system which offers consumer discounts at local merchants. As part of the Fintech Accelerator program, Xalles is assisting these three companies to refine their business models, launch new products and services as needed, spur growth and then exit from being a wholly owned subsidiary. The exit could come in the ...