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Why is it so quiet here? Go $CLWD!
Xalles Outlines Enhanced Plan for 2021 Following VGR Acquisition
January 26, 2021 08:00 ET | Source: Xalles Holdings Inc.
VGR Technology Partners Transaction Completion Creates an Enhanced Plan for Accretive Acquisitions
WASHINGTON, DC, Jan. 26, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Xalles Holdings Inc. (OTC: XALL), a fintech holding company providing technology and financial services solutions, has completed the acquisition of VGR Technology Partners Inc. (“VGR”) in a share exchange agreement, previously announced on January 12, 2021.
Xalles Holdings has taken a major step towards executing against its 2021 business plan. The completion of the VGR transaction means that Xalles Technology now has a wholly owned subsidiary in VGR Technology Partners that will be acquiring profitable IT staffing, consulting and product development companies throughout 2021 and beyond.
VGR’s first acquisition was previously announced to be the group of Crown companies, namely Crown Solutions India Pvt. Ltd. (based in Chennai, India), Crown Global Solutions Pvt. Ltd. (based in the UK), and Crown Solutions, Inc. (based in the USA). VGR now has a pipeline of firms that could contribute over $100 million in annual revenue and over $25 million in annual EBIDTA. VGR’s leadership team is working towards securing additional acquisitions during Q1 of 2021.
Xalles maintains its vision to be a top emerging growth fintech holding company. By aggregating synergistic portfolio companies, we seek to extract efficiencies and build a powerful business for our shareholders. Xalles ultimately aims to achieve successful exits for many of the rollup clusters over time while focusing on the areas of the company that can yield great results in 2021. Currently, Xalles has Xalles Capital for asset acquisition and cryptocurrency trading, Xalles Limited for X2X system development and licensing plus payment auditing, Xalles Financial Services for consumer, business and government payment solutions, Xalles Technology for IT system-based companies, VGR for IT staffing and product development companies, and Gateway Innovations for a rollup of Fintech office parks.
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
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
Let's not forget about this from just 10 days ago. Crown Solution has a scheduled January 31 closing (which is a Sunday). The VGR acquisition was to happen Jan. 15. They will likely be collectively announced since Crown will be wholly-owned subsidiaries of VGR.
Xalles To Acquire VGR Technology Partners and Crown Solutions
January 12, 2021 08:00 ET | Source: Xalles Holdings Inc.
Acquisitions Create a Structure for an Accretive Rollup of IT Staffing, Augmentation and Product Development Companies
WASHINGTON, DC, HOUSTON, TX, CHENNAI, INDIA, Jan. 12, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Xalles Holdings Inc. (OTC: XALL), a fintech holding company providing technology and financial services solutions, will acquire VGR Technology Partners Inc. (“VGR”) in a share exchange agreement. In a separate share purchase agreement, Xalles will acquire Crown Solutions India Pvt. Ltd. (based in Chennai, India), Crown Global Solutions Pvt. Ltd. (based in the UK), and Crown Solutions, Inc. (based in the USA), (collectively these three companies are "Crown").
VGR Technology Partners is a management company designed to seek out and perform due diligence on IT staffing, augmentation and product development companies and roll them up under VGR. VGR is led by its President, Venugopal Thiyyagura. Mr. Thiyyagura has managed multiple IT companies and orchestrated a few successful exits. He has been researching target companies for many months and has a large pipeline of profitable companies in discussions and negotiations.
Crown Solutions India, along with its two sister companies in the UK and USA, collectively operate a staffing and shared services organization that is expected to generate approximately $9.5 million USD in revenue in 2021 and approximately $1.8 million in pre-tax profits (EBIDTA). Crown is led by its Director, Suresh Kumar Nair. Mr. Nair has grown Crown into a stable and successful operation since he founded the company in 2002, and he will stay on to lead the company during an extended multi-year transition period.
“The acquisition of VGR Technology Partners has created a new accretive rollup for Xalles in the technology space to support system modernization initiatives in fintech and other vertical markets,” stated Thomas Nash, CEO of Xalles Holdings. He continued, “Aside from the direct financial benefits that Xalles will receive from these acquisitions, Crown Solutions also helps strengthen our shared services capabilities.”
Xalles sees these acquisitions as strategic transactions to allow the company to execute on its mission to create an accretive rollup. VGR is expecting to complete multiple additional acquisitions during 2021, which will dramatically increase the expected revenue and profit of the entire company.
“I plan to build a world class global IT staff augmentation and software development organization for Xalles. I strongly believe that through the correct selected accretive acquisitions and a loyal global workforce, we will create a successful, innovative and profitable firm,” stated Venugopal Thiyyagura, President of VGR Technology Partners.
Since 2002, Crown has been successfully providing services of IT contingent staffing, talent placement & recruitment services and global resourcing services”, commented Suresh Kumar Nair, Director, Crown Solutions India. He added, “I am pleased to be working with VGR and Xalles to expand our global reach and grow the business.”
VGR will become a wholly owned subsidiary of Xalles Technology Inc. upon closing which is expected by January 15, 2021. The 3 Crown companies, with a current strength of more than 900 employees worldwide, will become wholly owned subsidiaries of VGR Technology Partners upon the targeted closing date of January 31, 2021. The Crown purchase agreement has a total value of approximately $6.1 million USD.
I didn't say I was an "expert" in a RM but have been around enough. I do M&A in the private arena in the lower to middle-market ($2-50M+). I will tell you that I was involved in the proxy vote. Do you know anything about the series A preferred stock or the amended Article of Incorp.?
Thank you, Pro!
First, don't call me bud as I don't demean people like that. I have nearly 25 years of M&A | Investment Banking experience and play around with penny stocks as a mere hobby (normally after hours, like now, and ONLY long).
You know this will run soon, whether tomorrow or next week. This forum has had enough of your steady reverse peristalsis. Just buy back in and enjoy the ride. If the PPS drops tomorrow, I will add a significant amount of shares and the same will apply until TDS has matters situated and rectified. I have over $33k invested and I have only been here for a few months. If you can't beat us - join us!
By the way, have you read the voted upon Amended and Restated Articles of Incorporation? That would answer many of your questions.
You know that is out of context. Is CLHI mentioned? Come on, Hokie.
Sorry for the late update but I wanted to get this out today due to the nature.
On NFEI New Frontier Energy, Inc. I found out today that Rhonda Keaveney from Small Cap Compliance filed two weeks before we did. My attorney did a conflict check on December 21st, 2020 which cleared. I paid the retainer on December 30th, 2020 which was the same day Rhonda filed in court. I will now withdraw this petition and wish good luck to Rhonda.
On RIBS Southern Concepts Restaurant Group, Inc. my attorney (Jack Tanner) was contacted today by an attorney (Tobin Kern) who says he is representing the company (Southern Concepts Restaurant Group) and they are preparing a response to my petition.
On ALKN Alkane, Inc. and BABL Buildablock Corp. the proposed orders will be submitted to the courts this week. Synergy had to file in Florida to be able to do business in the state. The necessary filing was made yesterday with the FL SOS.
On SMEV Simulated Environment Concepts, Inc. I have been in contact with the past listed COO (Allen Licht) since yesterday who stated to me he will dispute the custodianship. I have a call with him on Friday to see what his intentions are and if there is a way that we could potentially help him bring the company current or help find an acquisition/merge in company.
We are still waiting to hear any updates on the Delaware petitions. I am waiting to hear something from my attorney Jeremy Anderson as he thought we would hear a response back this week from his inquiry.
We had plenty of good news this past week and more is forthcoming - another consummated acquisition or two, IMO. $XALL
Thanks for the update, PST!
Thanks for the update. This is egregious. I am not insinuating that I would be buying another Milly shares but still. This is holding back, to some degree, the PPS. What gives?
Giddy up, $CLHI!!!
Same for me, Paul. I frequently tried to buy for roughly 2 weeks and get that standard prompt to call an 800 #. I would be really angry if I didn't have millions of shares already....however, I still wanted to add. Could you imagine where the PPS would be if etraders could actually buy it?
Does anyone communicate with Nash? If so, maybe it should be brought to his attention. I have tried calling etrade but after a 30-minute hold, I hang up.
$XALL
9:06am and up 18.28% at .1999. Might suprass .20 before the bell.
Go $XALL!
A bunch of buying already...up 6.51%. :)
I took a nice position the other day and added another 250k today. I'm jumping on the train. $CSLI
I second that, war. Sello was instrumental in keeping the longs at ease in difficult times. Thank you, sello!
Thank you, TQ. You were the reason I found this beauty!
Congrats to all the longs! I have been here since summer with around 3 milly averaged around .01. Went from being in the red a few days ago to up ~ 1,100%. And, this is just the beginning IMO.
Go $CLWD!!
I added Vigor Crypto Holdings' acquisition to the ibox.
Go $XALL!
I am getting the same message..?
Thank you for all the info, mick! I will thoroughly read all your posts this weekend. You alone may put TQ on the BOB.
Happy New Year!
Happy New Year Team $CLHI and also to TDS!
It's been quite the roller coaster ride over the past months. The good news is that roller coaster's first hill is about to be perpetual...up we go!
Happy New Year to the loyal-longs here at $XALL!
I suspect that we will receive another PR next week or early the following regarding all the other developments. Jan. 15th's acquisition is on a Friday, so we likely won't get a PR on it until the week of the 18th.
An incredible 2021 is on deck!
You're right, Papers. It did render a degree of entertainment over the past few months!
TDS!
Pro, looks like it may soon be the end of Mr. Robert John Raymond Stephenson's cryptic tweets. IR firm appears to also handle marketing and communications which likely will include social media. I must admit that I will miss it, but vigorously ready to graze on this $greener$ pasture.
Congrats to all the longs!
BTW, I have a buy on the ask and it won't fill...it's been about 10 minutes. MM holding it back. I am averaging up but who cares.
Get ready for blast-off! $CLHI | TDS
Majo, these "teaser" tweets are for the ~60+ of us that know more than we can disclose on this forum. It's TDS's only way of communication and is fine by me but I also understand your frustrations. In fact, I am with you on one parallel; I want the official RM confirmation too. The difference is that 5-6 dozen of us are patient because of what we know. Relax -- IMO, we will possibly see filings still this week. If not, early 2021 will enter with an explosion beyond our wildest imagination.
GO $CLHI | TDS!
This is a sight for sore eyes! Go $XALL!
In my opinion, the tweets are intended for us long-term "voting" shareholders. It is TDS's way of covertly and politely communicating with us considering all that we have collectively been through over the numerous months. We communicate with them through this forum (they do read) and they conversely do the same via Twitter. I personally like it. I understand that it may be frustrating for those that are new to this RM/ticker and not privy to what was orchestrated.
GLTA! $CLHI|TDS!
It's already in the i-box a little over half way down. It's a tweet from TDS that includes #CLHI. It's right above the "Early Investment Opportunity" section.
Pro-Santa probably put it there 7 months ago is my guess. :)
Pro-Santa has always delivers for us and [Pro] Santa is going to deliver for us next week, IMO.
It will work on your phone app -- it did for me at least. I get the same error on my PC.
I was having the same problem, sidedraft. However, I tried it on my mobile app and it works.
Are you getting this and it doesn't open?
$CLHI_Screen_Shot_2020-05-31_at_1.01.35_PM.png">$CLHI_Screen_Shot_2020-05-31_at_1.01.35_PM.png">
Hope this helps.
Good stuff as always, Pro!
It is already in the i-box near the bottom, but it's easy to miss. Can you circle or highlight it?
$CLHI / TDS!
It's official! Thanks, moxy7. :)
Spot on, Pro-Life-Santa! lol
BTW, some of the recent "semi"-naysayers posts (I mean that very politely given the infiltration of most forums) would be singing a different tune if they were part of our Proxy Vote / Special Meeting. Earlier this morning I, once again, took the time to read through the "many" pages provide to us on, or around, November 20th. It is worth another read for those that have it, as it reminds us of what is forthcoming.
Thank you, Pro, for every single one of your contributions.
$CLHI
Hi Mox; you say that with a level of confidence. I hope you're right!
$XALL
Majo, check the ibox as I think it may have a few. Glad to have you on board. $CLHI | TDS
Everyone cleaned up today!
GLTY!
PAPERS, it really underscores what kind of guy he is!
Best of luck to you too!