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BlazingStocks

01/29/21 1:48 PM

#14941 RE: mgos #14940

VGR has closed... Crown by the end of the month! $XALL

“The acquisition of VGR Technology Partners has created a new accretive rollup for Xalles in the technology space to support system modernization initiatives in fintech and other vertical markets,” stated Thomas Nash, CEO of Xalles Holdings. He continued, “Aside from the direct financial benefits that Xalles will receive from these acquisitions, Crown Solutions also helps strengthen our shared services capabilities.”

VGR will become a wholly owned subsidiary of Xalles Technology Inc. upon closing which is expected by January 15, 2021. The 3 Crown companies, with a current strength of more than 900 employees worldwide, will become wholly owned subsidiaries of VGR Technology Partners upon the targeted closing date of January 31, 2021. The Crown purchase agreement has a total value of approximately $6.1 million USD.