Business
Xalles to Acquire Private Loyalty Club to Enhance the Consumer Shopping Experience
Xalles to Acquire Private Loyalty Club to Enhance the Consumer Shopping Experience.
About this update from Xalles Holdings Inc.
[{"type":"text","content":"\n Private Loyalty Club Will Work With Xalles Subsidiary Global Savings Network to Provide a Unique Consumer Experience at Local Shop WASHINGTON, DC, July 27, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Xalles Holdings Inc. (OTC: XALL), a fintech holding company providing technology and financial services solutions, will acquire Private Loyalty Club Inc. (“PLC”) in a share exchange agreement. Private Loyalty Club Inc. will become a wholly owned subsidiary of Xalles Financial Services Inc., which is a wholly owned subsidiary of Xalles Holdings Inc. Based in Tampa, Florida, with a new corporation, PLC acquired all the assets and continues from the legacy of a 16-year-old business that has been servicing restaurants in California with its unique Private Wine Club offering. PLC has expanded their service offering to include Private Beauty Clubs. These 2 premium membership packages become a nice complementary offering to the Xalles subsidiary Global Savings Network and its free consumer membership program. “PLC looks to leverage the payment and membership technology from Xalles and the market footprint of the Global Savings Network to grow our premium club programs. As we enhance revenue growth and profit margin improvements through our new market approaches and new technologies, we will position ourselves to launch new clubs on the same business model foundation”, described Bryce Brewer, CEO of Private Loyalty Club Inc. “Xalles is excited to continue to add to our 'consumer shopping service stack' through this acquisition. PLC complements our recent services assembled and announced including the licensing of the Shomei Payment Platform, the Global Savings Network consumer membership program and most recently, the AIgrowthHUB acquisition,” stated Thomas Nash, CEO of Xalles Holdings. The PLC acquisition transaction is expected to be completed by July 31, 2022. 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 innovative techn...