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Washington, DC – February 4, 2021 — Xalles Holdings Inc. (OTCPK: XALL), a fintech holding company providing technology and financial services solutions, will acquire Protominds, Inc. (“Protominds”) and its wholly owned subsidiary Protominds Software Solutions Private Limited in a share purchase agreement.
Headquartered in Milpitas, California and with offshore operations in India, Protominds is a leading fintech consulting and services company with a proprietary full-service regulatory cloud-based platform that offers reporting capabilities for post-audit financial transactions. The unified regulatory standards compliance solution is called FiNiCS. FiNiCS is a financial accounting compliance automation solution aimed at helping enterprises to optimize the cost of change involved with financial regulations with its compliance automation solution. Through its Regulation-as-a-Service (RaaS), enterprise clients are able to process large volumes of granular data and output risk reports to facilitate more meaningful analysis.
“Protominds looks to expand its market presence through the Xalles larger business development footprint and scale business globally”, commented Sridhar Raju and Venkatesh Kirupakaran, the Co-founders of Protominds, Inc.
“The Protominds acquisition perfectly complements and further enhances the services capabilities of the Crown Solutions acquisition and the existing subsidiaries of Xalles”, commented Venugopal Thiyyagura, President of VGR Technology Partners.
“The FiNiCS platform is a great fit with the Xalles mission to grow our fintech product and services offerings”, stated Thomas Nash, CEO of Xalles Holdings. He continued, “we see tremendous synergy with the existing and planned subsidiaries and welcome the Protominds team into our organization”.
The acquisition will make Protominds a wholly owned subsidiary of VGR Technology Partners within Xalles Technology and adds a unique regulatory compliance automation & data analytics product to the company portfolio. The acquisition is targeted to be completed by February 28, 2021.
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: Xalles.com
About Protominds
Protominds is a leading fintech consulting & services company based in Milpitas, California, serving a growing list of customers globally through its operations across USA & India. Core areas of expertise include: automation of accounting standards compliance, enterprise financial solutions and analytics. For more information visit Protominds.com
Forward-Looking Statements Disclaimer:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov and in OTC Markets at www.otcmarkets.com
Investor Relations Contact:
202.595.1299 Office
SOURCE: Xalles Holdings Inc.
Washington, DC – February 02, 2021 – Xalles Holdings Inc. (OTC: XALL), a fintech holding company providing technology and financial services solutions, is pleased to announce the redesign of its website, xalles.com. The fully responsive site is created with the shareholder in mind featuring a streamlined, modern design with improved functionality to easily access essential information. The site includes new resources to educate clients and shareholders on subjects such as cryptocurrencies, given the recent acquisition of Vigor Crypto Holdings.
The enhanced design includes features to help users easily navigate the site to find the appropriate information including:
- Resource sections dedicated to informing shareholders of emerging fintech trends
- Dedicated Investor pages to include downloadable quarterly reports and presentations
- Information on service offerings and leadership of the operating companies
- Latest news of Xalles Holdings and its subsidiaries
“The new and improved xalles.com puts the user experience first bringing together the family of companies within one site,” said Karen Nguyen, CMO, Xalles Holdings Inc. “With the new design, we expect an increase in website visitors and content consumption. We look forward to engaging the Xalles community of shareholders and investors with future enhancements.”
The launch of xalles.com is an investment in Xalles’ future growth and development in our quest to become a global fintech leader. “The new site reflects the evolution of the company focused on direct acquisitions in disruptive fintech companies,” said Tom Nash, CEO of Xalles Holdings.” We are thrilled to debut the new company website to our clients, shareholders, partners, and investor community who are looking to understand the breadth of Xalles Holdings portfolio including our pending acquisitions of Adaptive Metadata Solutions and 1Rivet Global, both expected to close this month.”
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: Xalles.com
Forward-Looking Statements Disclaimer:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov and in OTC Markets at www.otcmarkets.com
Investor Relations Contact:
Info@Xalles.com
www.Xalles.com
202.595.1299 Office
Source: Xalles Holdings Inc.
About Xalles Holdings Inc.
At Xalles, we are auditors, advisors, coaches, and trainers. Our approach involves helping companies build their vision, integrating it with a solid business design, creating an environment of innovation, and implementing the changes required to achieve their goals. We acquire companies with disruptive technology or business models to support the financial services and payment industry. The common element to all acquired entities is setting up a payment or financial transaction “toll gate”, thereby creating a recurring revenue stream.
Our Mission
Xalles Holdings Inc. operates as a fintech holding company. Through our subsidiaries, Xalles provides payment solutions and IT services to support government, business and consumer financial transactions. We target strategic and accretive acquisitions in fintech, specifically companies with solid management teams and business models that we can help grow, succeed and capture recurring revenue streams.
Our Focus
Search for Fintech acquisition and growth opportunities (IP/systems/ licenses/companies).
Grow new acquisitions with financial, management and marketing/sales support.
Acquire and place acquisitions into relevant program or subsidiary.
Businesses
Background check technology
Intel365 is a background check technology and services company based in Cummings, Georgia. Solutions include verification on: drug testing, criminal record checks, education and employment, reference checks, driving records, credit reports, social security, address history, civil court records and risk reports.
Intel365 provides these services clients in: healthcare, manufacturing, staffing, retail and transportation. Pre-integrated with ATS (Applicant Tracking System) and HRIS (Human Resource Information System) systems so that human resource professionals and their companies can save time and money by ordering background checks more conveniently.
Vigor Crypto trading solutions
Connect Vigor Trading to your exchange
Vigor Crypto currently has seamless integrations to Coinbase Pro and Binance. Once you connect, the Vigor engine will place orders for you based on your specifications. All trades are filled by the exchange in seconds. Vigor never handles any of your cash or coin.
Create your own strategy or use ours
You are in full control. Determine how aggressively you want to trade, set trade size, margin, spacing, floor, ceiling, etc. Go long or sell short depending upon market direction. Take advantage of volatility while accumulating more coins and cash.
Track your progress
Adjust your strategy and track your gains. Easy to use dashboards provide real-time reports and data analytics so you can stay abreast of trading performance.
Human capital and product development
Management firm for accretive rollup of IT staffing, augmentation and product development companies
Argus Technology Partners
Argus help SMBs implement and maintain IT infrastructure and security services on par with large enterprises at competitive prices. Our network of sales channels and representatives will be utilized to expand the sales reach of acquired Xalles companies
Gateway Innovations
Gateway Innovations was incorporated in Ghana to develop high impact technology parks in Africa
Global Savings Network
Not-for-profit fundraising system with consumer discounts at local merchants
Co-Owners Rewards
Introducing the first and only payment card rewards program that pays “stock” rewards for all purchases. Members can use our prepaid card, or assign any of their existing payment cards with our proprietary mobile app.
SOURCE: https://xalles.com/
Disclaimer
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This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.