Xalles Holdings Inc. (OTC: XALL), a fintech holding company
leveraging blockchain technology for financial reconciliation and payment
auditing solutions, today announced its execution of a Share Purchase Agreement
to acquire 100% of MinervaWorks Holdings, Inc., an Atlanta based technology
company. Under the agreement, Xalles Holdings Inc. will acquire all of the
common shares of MinervaWorks Holdings, Inc., which in turn will wholly own the
two subsidiaries, Minerva Automation, Inc. and MinervaWorks, LLC. The combined
MinervaWorks organization, which includes 11 full time employees, in this
recession-proof business, will become a wholly owned subsidiary of Xalles
Technology Inc. “MinervaWorks is a very strategic and accretive acquisition for
Xalles because of the people, clients, products and services that MinervaWorks
brings to the Xalles family of companies,” Xalles Holdings CEO Thomas Nash said
in the news release. “Our team is excited to help expand the MinervaWorks
services into new markets, bring additional artificial intelligence capabilities,
and dramatically increase revenue through The Brick through new marketing and
sales channels. In times of crisis, businesses see a rise in cyber security
threats and MinervaWorks products and services protect businesses to ensure
that companies and their IT operations can survive and thrive.”
To view the full press release, visit http://ibn.fm/q8pye
About Xalles Holdings Inc.
Xalles Holdings 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
an emphasis on leveraging blockchain technologies to provide industry-leading
financial reconciliation and auditing solutions that, over time, will allow for
the capture of recurring revenue streams. For more information, visit the
company’s website at www.Xalles.com.
NOTE TO INVESTORS: The latest news and updates
relating to XALL are available in the company’s newsroom at http://ibn.fm/XALL
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