Xalles Provides Updates on Acquisitions

Xalles Holdings Inc. (OTC: XALL), an industry-leading fintech holding company specializing in innovative technology and financial service solutions, today is providing updates related to acquisition progress.

Xalles Holdings Inc. acknowledges the ongoing support of its shareholders and the investment community as we work towards business growth and expansion. We wish to inform our stakeholders about changes in the projected acquisitions and related timeline that was discussed in the May conference call. While Q3 began with a few primary acquisition targets going through the negotiation and due diligence processes, we made the decision to not acquire some of those companies. At the same time, there were many companies on our large deal pipeline who were very keen to work with Xalles to become wholly owned subsidiaries under our RISE model (Roll In, Selected Exit). We are currently working on approximately 10 deals in parallel and expect at least a few of them to result in acquisition announcements.

Xalles remains dedicated to enhancing our financial position and contributing positively to our growth trajectory through both organic growth of previously acquired and internal projects, plus new acquisitions. The positive reception of companies to our RISE model has created a greater need for management time to be dedicated to acquisition activities including due diligence.

About Xalles Holdings Inc. (OTC: XALL)

Xalles Holdings Inc. is a holding company that focuses on direct investments in disruptive fintech companies. The company actively seeks acquisition targets in which it can invest and accelerate growth, targeting companies with solid management teams and business models, large total attainable markets (TAM), and lucrative exit opportunities. The company places emphasis on leveraging blockchain and other technologies to provide industry-leading financial reconciliation and auditing solutions, which, over time, will allow for the capture of recurring revenue streams. For more information visit: Xalles.com. 

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Investor Relations Contact:

IR@xalles.com

Xalles.com

IR: 202.779.1460