Aluf Holdings Inc (AHIX)

[Slojab]

Here we go again. The headline says one thing, the content shows another.

Aluf Holdings, Inc. to Acquire BizzUniverse, Inc. a Technology Company Serving Commercial and Business Development Communities

Aluf Holdings, Inc. ("AHIX") ("Aluf") (OTC PINK: AHIX) is a holding company engaged in acquiring, operating, and managing subsidiary companies in the development and sale of proprietary software, and technology solutions, today announced the execution of a non-binding Letter of Intent to acquire BizzUniverse SM, a privately held technology-based company.

The LOI forms the basis of an agreement which, if consummated, is consistent with the Company`s strategic plan to aggressively achieve profitability and growth through insightful value-added mergers and acquisitions. There are several steps outlined in the LOI, and after completion of satisfactory due diligence, a definitive agreement will be executed. Subject to the acceptance of the definitive agreement, closing is expected to take place on or before January 31, 2023. The Terms of the Letter of Intent contemplate total consideration for this transaction in the amount of $7.5M which includes issuance of restricted common stock and short-term seller financing in the form of an unsecured promissory note. No further information is available at this time.