Xalles Holdings Inc. (OTC: XALL), a fintech holding company
providing technology and financial services solutions, today announced its
execution of a share purchase agreement to acquire 100% of Intel365, Inc., a
Georgia based innovative background screening services company. Under the
agreement, Xalles Technology Inc., a wholly owned subsidiary of Xalles Holdings
Inc., will acquire all of the common shares of Intel365, Inc. Intel365 is based
in Cumming, Georgia, part of the metropolitan Atlanta area, with a vision to
provide technology and services in the areas of corporate intelligence, employment
screening and technology due diligence. “The Intel365 acquisition for Xalles is
very strategic and timely. Even though the discussions for this deal began
months ago before most people had ever heard of Covid-19, the pandemic has
created unprecedented global unemployment in recent weeks,” Xalles Holdings CEO
Thomas Nash said in the news release. “Since early March over 30 million
American workers, representing roughly 18.6% of the US labor force, will
inevitably be seeking reemployment. As companies start to look ahead to
rehiring, new hiring, mergers and acquisitions, and new business partnerships,
we undoubtedly believe services like Intel365’s background screening and
corporate intelligence software, will be one of the most in-demand services in
this country.”
To view the full press release, visit http://ibn.fm/e8p01
About Xalles Holdings Inc. (OTC: XALL)
Xalles Holdings Inc. is a holding company that focuses on
acquisition and support of disruptive fintech companies. The company actively
seeks targets in which it can partner with or acquire to 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, which, over
time, will allow for the capture of recurring revenue streams. For more
information visit: http://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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