Cuentas Inc (CUEN)

[Arthur]

Blast from the recent past:

http://www.otcmarkets.com/stock/NXGH/news/Next-Group-Holdings-Announces-Q3-Revenue-Results-for-AIM-Division?id=143689&b=y

MIAMI, November 1, 2016 /PRNewswire/ --

Next Group Holdings, Inc. (OTCQB: NXGH) (the "Company"), through its Accent Intermedia LLC ("AIM") division, generated $131,461 in revenue during the quarter ended September 30, 2016. AIM's revenue is in addition to the telecommunications revenues reported recently.

Acquired by Next Group Holdings in July 2016, AIM provides infrastructure and program services that allow national brands to host Closed Loop (Gift Card) and Open Loop (Prepaid Debit / General Purpose Reload) card programs.

AIM has generated over $1 Billion of stored value activations through its PCI Compliant system over the past decade servicing many industry leading companies, including Harley Davidson, AMC Theatres, Super Valu, Applebee's, IHOP and more.

"AIM is an important piece of our financial solution platform that strengthens our position, now and in the future," stated Arik Maimon, the Company's Chairman and CEO. "Combined with record revenue of $181,500 from our telecom subsidiaries in September and the ongoing rollout of our InsightPOS platform, we're on track to have a strong end to 2016 and an even stronger 2017.

In September, the Company began the rollout, sale, and installation of its state-of-the-art, "super-functional" point of sale system, InsightPOS. The system manages the sale and inventory of hard goods, food, fuels, long distance telephone service, cellular "top ups" (US & International) and bill pay for utilities. In the fourth quarter, the system is expected to be enabled for US & International money transfers, rewards programs, general purpose reload debit cards (VISA®, Mastercard®), digital gift cards, and other financial products.

NXGH is targeting an affiliated database of approximately 8,800 active retail stores that sell prepaid telecommunications products to primarily unbanked populations. With the InsightPOS system, these retail stores will be able to augment their offerings with international cellular top-ups, utility payments, and financial services targeted to the needs of their unbanked consumers.

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What's wrong with this PR ?

Well, according to NXGH financials, AIM was a complete bust, because NXGH discontinued it this Spring:

On July 22, 2016, the Company completed its acquisition of Transaction Processing Products, Inc. (“TPP”) which has a 64% interest in Accent InterMedia, LLC (“AIM”) and no other assets or liabilities. AIM operates as a leading gift card provider but was discontinued on March 31, 2017.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12164576

And then NXGH resold TPP and AIM for ... $1 ???

Disposal of Transaction Processing Products

On April 26, 2017, the Company signed a Purchase and Sale Agreement with Dean Keatin Marketing, LLC ("DKM") and related parties to sell its interest in Transaction Processing Products (“TPP”). As per the Agreement, the Company shall sell, transfer and deliver to DKM, 100% of the capital stock of TPP for $1. DKM will indemnify and hold the Company harmless for any and all liabilities or costs incurred by the Company arising from TPP and its majority owned subsidiary Accent InterMedia (“AIM”) prior to July 7, 2016. The Company is responsible for any and all costs associated with the termination of any employee of AIM that occurred after July 7, 2016 to the date of this Agreement.

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Source: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12158656