Exxe Group Inc (AXXA)

[beer$$money]

AXXA How much News to Update? Hong Kong hub will be added to the $AXXA map soon. $AXXA German/Swiss partners are visiting $AXXA NYC & we will be updating investors on progress in Frankfurt, Bavaria, Switzerland & more shortly
11:35 AM - 11 Mar 2019

$AXXA WHAT TO EXPECT IN MARCH:
$AXXA Updated I/O will show insignificant mo. to mo. changes.
$AXXA takes aggressive steps to finalize target deals for Q1.
$AXXA lining up a # of official PR's to increase following.
$AXXA Mar 30 yr-end report will show increase in assets/rev's
12:27 PM - 28 Feb 2019

https://twitter.com/exxegroup

Hong Kong & China

The next deal of the pipeline is headquartered in Hong Kong & Bejing, China. It is lined up and ready to go

Switzerland

The signing of a memorandum of understanding to acquire control of Quantum Leap Hotels(QLH) - a Swiss hotel group that owns and operates several boutique hotels in Germany and Switzerland. The deal for the three hotels is valued at € 10.2m. The closing for the properties is expected at the completion of the due diligence during Q1 and Q2 of 2019.

Bavaria

Hotel in Northern Bavaria with 59 rooms. This property is brand new and it was built just a few months ago. Located in the very dense industrial area, close to headquarters of famous car manufacturers such as Audi and BMW, this property will be in high demand from business clients of the car’s manufacturer and suppliers.

Hotel in Southern Bavaria with 29 rooms. The current owners operate the hotel with low occupancy rate. Once the hotel is taken over, Exxe will increase the rate of occupancy to operate at a full capacity and the yield can be significantly increased. This hotel is primarily used as a conference hotel due to its central location in Germany and good access to motorways.

The hotel has 25 rooms and is located in the area of Würzburg in Southern Bavaria. It is located in a historic center and it has high occupancy rate. The hotel went through complete renovation keeping its historic charm.

Currently revenues from the three properties is 3.6 mln with EBITA 0.8 mln.

In 2019, Exxe Group plans to acquire 10 more hotels as part of its expansion plans. The hotels considered for acquisitions include the properties not only in Bavaria but also in a number of tourist and business travel attractions in Europe.

https://www.otcmarkets.com/stock/AXXA/news/Exxe-Group-Announces-a-new-MOU-worth-102-Million-Euro-of-Properties-in-Bavaria?id=213077

CURRENT ACQUISITION HIGHLIGHTS

$20 million in five luxury residences in New York City and Miami, Florida

$19 million of Real Estate Backed Deals in Germany and Switzerland

$11 million+ MOU for three hotels in Germany

$30 million an approximate estimated value of the project for Seniors 5 star resort, MOU signed

Management expects this accelerated pace will result in a substantial increase in the Companys asset portfolio on its way to its near term target of finalizing on more than $100 million of assets in various stages of acquisitions by the end of Q1 of 2019.


Our Fintech/AI deals (CleverGuides, Inc, Neccentric, Softmart) details of the companys tech/media portfolio will be addressed in upcoming media communications & press releases.

https://www.otcmarkets.com/stock/AXXA/news/EXXE-GROUP-ANNOUNCES-THE-STAGE-IS-SET-FOR-ACCELERATED-GROWTH-IN-2019?id=216853