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ACCREDITED SOLUTIONS INC - ASII STOCK NEWS

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Accredited Solutions Inc (ASII) is the parent company of Diamond Creek Water, a prominent brand of ionized alkaline bottled water available in major grocery and convenience store chains. The company recently announced a 44% year-over-year sales growth in January 2024, and introduced a new 6-pack 1-liter SKU tailored for the Lifestyle Health Market.

Diamond Creek Water, with a natural 9.5pH alkalinity obtained through electrical ionization, is committed to delivering premium spring water without added chemicals or minerals. With a strategic focus on market trends and cost-effective initiatives, the company aims to optimize shelf space and strengthen customer relationships.

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Accredited Solutions (OTC: ASII) has shared key metrics about its newly acquired GlobeTopper digital gift card platform. The business generates $37 million in annual revenue, partners with over 2,700 brands including Amazon, Target, and Starbucks, and operates in 65 countries. GlobeTopper facilitates digital gift card distribution for businesses to their customers and employees, offering a faster alternative to traditional physical gift cards. The company recently demonstrated its efficiency by helping a Fortune 500 company distribute holiday gift cards to 10,000 employees across 12 countries in less than one day.

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Accredited Solutions (OTC: ASII) has announced the acquisition of GlobeTopper, a B2B digital payments platform specializing in global e-gift card distribution. The acquisition brings $37 million in projected annual revenue and marks ASII's first step in building a telecom-fintech ecosystem. GlobeTopper serves over 2,700 brands across 65+ countries and will maintain its current CEO, Craig Span. The platform's API infrastructure and global distribution capabilities will serve as the foundation for future acquisitions in both telecom and fintech sectors.

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Accredited Solutions (OTC: ASII) has reached an agreement with 100% of its promissory note holders for a 60-day lock-up and 6-month leak-out on all conversions. This interim agreement is a step towards full cash redemption of all outstanding variable price convertible securities. The company plans to use proceeds from an upcoming Reg A offering to redeem these securities, avoiding the issuance of additional shares and limiting shareholder dilution.

CEO Eduardo Brito expressed gratitude for the renewed trust from financing partners, viewing this as a testament to strong relationships and commitment to shareholder value. The agreement aligns with Accredited Solutions' 5-year growth strategy aiming for $750 million in annual revenue through acquisitions and organic expansion in telco/fintech and beverage divisions.

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Accredited Solutions, Inc. (OTC: ASII), parent company of Diamond Creek Water, has filed a Regulation A registration statement for a $3.6 million offering. The capital will be used to:

  • Fuel the company's acquisition-driven growth plan
  • Complement organic growth initiatives
  • Redeem outstanding convertible securities at a lower cost

The company has also resolved to increase its number of authorized shares for enhanced financial flexibility. Notably, Accredited Solutions is committed to not pursuing a reverse stock split of its common stock. CEO Eduardo Brito expressed confidence in the company's underestimated intrinsic value and the potential for long-term growth.

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Accredited Solutions, Inc. (OTC: ASII) has executed an Indication of Interest (IOI) to acquire a leading US-based B2B distributor of third-party e-gift cards. The target company generated $33.7 million in sales in 2023 and is on track for a 2024 revenue run-rate of $42.5 million, with profitability on a net income basis. This potential acquisition aligns with Accredited Solutions' growth strategy, offering synergistic opportunities to accelerate growth through capital injection and resource sharing.

The company plans to integrate marketing and administrative functions, leverage cross-selling opportunities, and develop new products and APIs for fintech integration and international market entry. CEO Eduardo Brito expressed enthusiasm for the acquisition's potential to drive significant growth and value. The transaction is expected to progress to a binding Letter of Intent (LOI) once an audit is completed, with Accredited Solutions optimistic about the deal's viability.

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Accredited Solutions (OTC: ASII) has appointed Ben Farzam as CEO of its new telco/fintech division, aligning with the company's 5-year plan to reach $750 million in annual revenue. Farzam brings over 20 years of leadership in telecommunications, having led Callvox to $100M in annual sales at its peak. His expertise in strategic planning and emerging markets is expected to drive Accredited Solutions' growth strategy.

The company plans to focus on acquiring profitable telco and fintech companies while optimizing operations through synergistic acquisitions and organic growth initiatives. This appointment is seen as key to unlocking the next phase of transformative growth for Accredited Solutions, particularly in leveraging technology for inclusive expansion and adding shareholder value.

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Accredited Solutions (OTC: ASII) has filed an 8-K with the SEC outlining a $750 million 5-year revenue growth plan. The strategy includes synergistic acquisitions and organic growth initiatives across e-commerce, AI-based solutions, marketing, and fintech sectors. Key aspects of the plan include:

1. Acquiring profitable companies in target sectors
2. Leveraging synergies between departments
3. Recruiting industry experts and new leadership
4. Focusing on key acquisitions and integration in the first year

CEO Eduardo Brito emphasized the plan's importance in transforming the company and delivering long-term shareholder value. Accredited Solutions will provide updates as milestones are achieved.

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Accredited Solutions (OTC: ASII), the parent company of Diamond Creek Water, has initiated the process of uplisting its common stock to the OTCQB market as part of its strategic growth plan. This move is seen as an interim step towards the company's ultimate goal of listing on a national market like NASDAQ or NYSE.

To achieve its revenue and EBITDA growth targets, Accredited Solutions plans to finalize and execute an aggressive acquisition strategy. The company will engage with acquisition and industry professionals to fill independent seats on its Board, as required for OTCQB listing. Notably, Accredited Solutions has no intention of performing a reverse stock split, preferring to build enterprise value to meet the minimum stock price required for OTCQB listing.

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Accredited Solutions (OTC: ASII) has successfully restructured its balance sheet, resulting in a $3.1 million one-time income event. The company, parent of Diamond Creek Water, executed Debt Exchange Agreements with all outstanding convertible debt holders, converting their debt into a new series of convertible preferred stock. This strategic move has significantly improved ASII's financial position, increasing Net Shareholder Equity by approximately $5 million, from -$5,073,037 to -$45,576. The figures are preliminary and subject to year-end audit adjustment.

CEO Eduardo Brito emphasized that this restructuring is the first of many strategic steps in ASII's turnaround phase. The company remains focused on enhancing shareholder value and building a foundation for future growth, with more updates expected soon.

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Accredited Solutions, Inc. (OTC: ASII), parent company of Diamond Creek Water, has reached a significant agreement with its lenders to exchange all outstanding convertible debt for a new series of preferred stock. This deal results in:

1. Reduction of debt conversion discount from up to 45% to 15%
2. Forgiveness of 100% accrued interest and default interest
3. Overall debt and overhang reduction by approximately 40%

CEO Eduardo Brito expressed gratitude towards investors for their long-term belief in the company. The agreement is expected to significantly improve the company's balance sheet by eliminating all convertible debt, interests, and derivative liabilities. An 8-K filing with further details and a pro-forma balance sheet is anticipated in the coming days.

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FAQ

What is the current stock price of ACCREDITED SOLUTIONS (ASII)?

The current stock price of ACCREDITED SOLUTIONS (ASII) is $0.0005 as of October 15, 2024.

What is the market cap of ACCREDITED SOLUTIONS (ASII)?

The market cap of ACCREDITED SOLUTIONS (ASII) is approximately 1.5M.

What is Accredited Solutions Inc known for?

Accredited Solutions Inc is the parent company of Diamond Creek Water, a reputable brand of ionized alkaline bottled water distributed in major grocery and convenience store chains.

What recent achievement did Accredited Solutions Inc announce?

Accredited Solutions Inc recently reported a 44% year-over-year sales growth in January 2024 compared to January 2023.

What new product offering is Accredited Solutions Inc introducing?

Accredited Solutions Inc is introducing a new 6-pack 1-liter SKU to cater to the Lifestyle Health Market.

What sets Diamond Creek Water apart from other brands?

Diamond Creek Water stands out as the only alkaline water that comes from a spring and is ionized electrically, without any added chemicals or minerals, resulting in a natural and longer lasting 9.5pH alkalinity.

How is Accredited Solutions Inc planning to optimize its market position?

Accredited Solutions Inc is focusing on market trends and cost-effective initiatives to optimize shelf space, strengthen customer relationships, and capitalize on new business opportunities.

What is the core goal of Accredited Solutions Inc in the market?

Accredited Solutions Inc aims to provide consumers with premium spring water in convenient packaging, delivering natural 9.5pH alkalinity through electrical ionization without additional chemicals or minerals.

Who leads the strategic vision of Accredited Solutions Inc?

Eduardo Brito, CEO of Accredited Solutions Inc, drives the company's commitment to market trends and cost-effective initiatives, aiming to enhance customer relationships and capitalize on timely opportunities.

How does Accredited Solutions Inc ensure customer satisfaction?

Accredited Solutions Inc remains confident in the adoption of its new product offering due to strong existing relationships with customers and the absence of a competitor's similar product on the shelves.

What is the focus of the management team at Accredited Solutions Inc?

The management team at Accredited Solutions Inc maintains a highly focused approach to capitalize on timely market opportunities and deliver innovative products that align with consumer demands.

What is the future outlook for Accredited Solutions Inc?

Accredited Solutions Inc remains well-positioned with a dedicated team to leverage market opportunities, optimize operations, and achieve sustainable growth in response to consumer needs and market trends.

ACCREDITED SOLUTIONS INC

OTC:ASII

ASII Rankings

ASII Stock Data

1.45M
1.72B
6.61%
Beverages - Non-Alcoholic
Consumer Defensive
United States of America
Cornelius