Full Alliance Group Inc. (FAGI)

[J.T. The DD King]

News!


Full Alliance Group, Inc. Highlights Expansion Opportunities Following Deal to Acquire Custom Software Developer Kelevra Digital Solutions.


LOS ANGELES, CA / ACCESSWIRE / April 12, 2018 / Full Alliance Group, Inc. (OTC PINK: FAGI), a holding company, today provided this discussion regarding the Company's recently announced agreement to acquire Kelevra Digital Solutions, S.A. de C.V. ("Kelevra").

Kelevra provides unparalleled custom software development, web development, and mobile application development to a rapidly growing client list including many small to mid-size companies, and two Mexican subsidiaries of multi-national Fortune Global 500 ranked companies in the automotive and professional services industries. The company currently has over 15 individual software development projects underway for clients.

Based in central Mexico City, over the last two years Kelevra has successfully expanded from start-up to a complete development team of eight senior core programmers and a complement of up to 30 contract programmers. During each of the last two years, Kelevra has organically doubled its revenues over the previous year without formal marketing. Kelevra is projecting similar growth in 2018, potentially matching last year's revenue in only four months following the acquisition

The Company anticipates providing Kelevra with access to additional funding to further accelerate their growth through expansion and development of the programming force, new marketing and business development initiatives, strategic partnerships, and the potential opening of satellite offices in various international markets. The Company believes this will position Kelevra to grow significantly within the domestic Mexican software market and take advantage of potentially lucrative international opportunities by leveraging the relatively low-cost to operate a world-class team in Mexico City.

Full Alliance Group recently entered into an agreement to acquire up to 99% of Kelevra, including substantially all operations, technologies, and intellectual properties, in exchange for a combination of cash and stock. Upon completion of the proposed acquisition, Kelevra will operate as a subsidiary of the Full Alliance Group. The proposed acquisition is subject to customary conditions such as satisfactory completion of due diligence and regulatory approvals expected to take 60 days or less.

Full Alliance Group anticipates making several further announcements regarding the Kelevra acquisition as the due diligence process moves forward.

Sincerely,

Jacob Thomas
Chairman / CEO

Contact: [e-mail]

About Full Alliance Group Inc.

Full Alliance Group Inc. (OTC PINK: FAGI) is a multi-faceted holding company with varied interests in banking and point-of-sale (POS) technology, financial services, real estate, nutraceuticals and computer software development. Full Alliance Group provides investment capital, modern business practices, and best-in-class management to assist growing companies to reach their greatest potential.

FORWARD-LOOKING STATEMENTS

This shareholder update may contain a number of forward-looking statements. Words and variations of words such as: "expect", "goals", "could", "plans", "believe", "continue", "may", "will" and similar expressions are intended to identify our forward-looking statements, including but not limited to: our expectation for growth, benefits from brand-building, cost savings and margins. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from those indicated in our forward-looking statements. Such factors include, but are not limited to: continued volatility of, and sharp increase in: costs/pricing actions, increased competition, risks from operating internationally, consumer weakness, weakness in economic conditions and tax law changes.

https://www.accesswire.com/495875/Full-Alliance-Group-Inc-Highlights-Expansion-Opportunities-Following-Deal-to-Acquire-Custom-Software-Developer-Kelevra-Digital-Solutions