WASHINGTON, DC, February 18, 2020 -- Xalles Holdings Inc. (OTC: XALL), a fintech holding company leveraging blockchain technology for financial reconciliation and payment auditing solutions, today announces a series of corporate updates and additional information about its 2020 strategy.
Xalles is forging ahead in 2020 with a strategy that encompasses geographic expansion, accretive acquisitions, and establishing platform companies. Xalles searches for opportunities with financial toll gates that can be established to form recurring revenue streams. All of the targeted acquisition companies have this potential.
Geographic Expansion
The Ghana Cyber City project under the recently acquired Gateway Innovations, has the potential to become a $200 million asset project. In 2020, Xalles Holdings expects to yield between $1-2 million in revenue from this wholly owned subsidiary. Xalles expects to continue the African technology and fintech expansion on the continent.
Xalles’ European and Asian expansion will be led by the acquisition of Kaden International. Xalles is currently performing the due diligence related to the Share Purchase Agreement to acquire all of the ordinary common shares and all of the value of investments that Kaden International makes. As part of the agreement, Kaden International will acquire a stake in First Bullion Holdings Inc.
Xalles is also expanding into Latin America through acquisition and is currently in negotiations with the first South American acquisition target.
Accretive Acquisitions
First Bullion, which is part of the Kaden International acquisition, is building a next generation bank that already has established licenses and operations in banking, international remittance, finance leasing, deposit taking and virtual currency exchange. Their core operations are in Hong Kong, China and the Philippines. First Bullion aims to provide much faster and efficient cross border settlements and financing for business and personal banking customers. They enable seamless conversion of local currency to foreign currency and vice versa. That firm is already profitable and expanding through their own planned acquisitions.
In addition to First Bullion, there are a few accretive acquisitions that are in the negotiation process currently in the US. Xalles anticipates additional announcements about signed agreements during the first quarter of 2020 and throughout the year.
Platform Companies
While it is clear from the summary about Kaden International that it is a fintech investment vehicle to help Xalles realize gains from First Bullion’s eventual UK public listing, Xalles is also pursuing other platform companies, including developing its own Xalles Financial Services operation. Xalles announced the formation of Xalles Financial Services Inc. in 2019 but since then a few of the concepts from Amazing Living Enterprises, Co-Owners Rewards, and Global Savings Network, all previous acquisitions, have been extracted to create a new consumer and business commerce platform company under Xalles Financial Services. This will not only reduce the number of wholly owned subsidiaries, but Xalles is creating a platform that takes the best of online commerce, rewards programs, and ownership concepts and combines them together to form a unique a powerful commerce offering to the marketplace. Xalles will be making future announcements about these new offerings within the coming weeks.
Xalles is also working to establish a Fintech Growth Center platform company which will formalize the incubation and acceleration activities that some acquired entities will be supported by. Ultimately this set of services can stand on its own to support external clients and expand Xalles’ fintech reach and revenue streams.
“We are excited to be executing against our vision to become a dominant player in the fintech industry,” stated Thomas Nash, Xalles Holdings CEO. He added, “our strategy to expand globally while adding important accretive companies and building new platform companies with financial toll gates is what will produce millions in company revenue for 2020 and the structure for rapid growth moving forward.”
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 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: http://Xalles.com
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