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Tuesday, 01/10/2023 2:20:45 PM

Tuesday, January 10, 2023 2:20:45 PM

Post# of 34897
Ealixir Inc. (EAXR) Announces Corporate Updates
Press Release | 01/10/2023
MIAMI, FL / ACCESSWIRE / January 10, 2023 / Ealixir Inc. (OTC Pink:EAXR) ("Ealixir" or the "Company") has today announced a corporate update by its Executive President and Founder Enea Angelo Trevisan and CEO Suneel Sawant who stated "We appreciate and value our loyal stockholders and expect their loyalty to be amply rewarded as we anticipate that we will accomplish our Business and Listing goals. We are very confident in the corporate growth of Ealixir, including the implementation of new services and technologies that we believe will enable us to acquire new customers in various countries and generate new business opportunities."

Corporate Updates:

The Company, effective January 1, 2022, has hired a full-time CFO, Bruno Polistina, who has implemented a new, state-of-the-art Accounting Management System aimed at supporting U.S. GAAP Accounting. "We are very excited to have welcomed Bruno to our executive team last year. This appointment is evidence of our commitment to building a world-class management team. Bruno is an experienced CFO with a great track record of achievement in the capital markets industry. He will be a great fit for the Ealixir team, and we look forward to seeing the value his expertise can bring to the Company over the next few years," Ealixir President Enea Trevisan and CEO Suneel Sawant said. Polistina has more than 30 years of experience in the financial and corporate sectors. He has worked at high-profile executive levels in both public and private companies and in high value-added technology sectors. He has previously held executive positions as Chief Financial Officer, where he played a key role in public company reporting, investor relations, mergers and acquisitions, internal controls, and general financial and operational management.

The Company also signed an agreement with Aligare Tech Corp. based in Miami, Fl.; to implement projects, already approved by the Board of Directors, in the field of Artificial Intelligence.

Audit:

Effective May 2021, EAXR, has engaged the services of Prager Metis CPA, LLC, to assist the Company with its planned move to NASDAQ. The Company has received the supplementary documents and complete Financial Statements by Prager Metis and these were submitted to BF Borgers CPA PC for the Audit review which was successfully completed and approved in early July 2022. The Company is now in the process of finalizing and filing a Form S-1 Registration Statement; supervised by our Attorneys, Ellenoff Grossman & Schole LLP, New York.

Business events:

The Company has strengthened its Board of Directors and our Chairman, Enea Angelo Trevisan, current majority shareholders and a Director of the Board, Suneel Sawant, are setting up a new business development strategy, in order to take full advantage, through the provision of all of Ealixir's services, with the full potential represented by the value of the world market in our target sector. The Company is currently also evaluating a strategic acquisition aimed at strengthening revenues and market positioning in the relevant sector. We are further pleased to announce an Underwriting Agreement with a specialised well-established investment banking firm in New York aimed to set up a post-approval S-1 Registration Statement placement, which will be used to finance future planned acquisitions.

About Ealixir Inc.