XCPCNL Business Services Corp (XCPL)

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XCPCNL Business Services Announces Signing of Reverse Merger Acquisition Agreements with Centiment Capital Holdings
6:30 am ET August 16, 2022 (Globe Newswire) Print
XCPCNL Business Services Corporation (OTC Pink: XCPL), a venture development business that leverages knowledge, skill, and experience in the consumer products industry, and Centiment Capital Holdings, a privately-held neurodata technology company, today announced that the two companies have signed acquisition agreements, whereby the Company will acquire two operating subsidiaries of Centiment Capital Holdings, Advanced Research Machines LLC (ARM) and Xerxes Trading Holdings LLC (Xerxes). The acquisitions will be accounted for as "reverse mergers."

ARM is the company behind the Mantis Crypto trading technology and owns Centiment.io. Xerxes is a multi-asset class trading technology and will compliment ARMs High Frequency Trading Platform. The Office for the combined enterprise will be established in Charlotte, NC at Industrious NODA.

The acquisition transactions are expected to close prior to the end of August 2022, and the Company is not aware of any impediments to closing.

"I am excited to join with Tim Matthews to lead the company as it enters its next stage of evolution. I am confident that we have to opportunity to grow our presence in multiple verticals and continue to build shareholder value," said Micah Brown, current CEO of Centiment who is to join the Board of the Company after the acquisition transactions close.

XCPCNL Business Services Corporation (OTC Pink: XCPL) encourages shareholders to visit their corporate Twitter account at https://twitter.com/RealXCPCNL.