WASHINGTON, D.C., June 13, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Xalles Holdings Inc. (OTC: XALL), a company focusing on accelerating fintech companies, leveraging blockchain technology for financial reconciliation, and payment auditing solutions, today announces the current status of multiple primary negotiations underway to prepare the company for the next quarter and the future. As previously announced, Xalles plans to complete its audits, the process to become fully SEC reporting, and submit its Quotation Board (OTCQB) uplist application in sequence. While there were delays in late 2018 with those activities, the key milestones are now planned to be completed within the third quarter of 2019. In tandem with those corporate reporting related activities, the company is currently in the planning and negotiation stages to secure debt financing and initiate a new Regulation A (Reg A) equity offering. We expect those financing agreements to be completed this month, with the equity submission requiring a SEC review and approval to offer new registered shares of the company to happen during the third quarter.