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Accelerated Technologies Holding Corporation (OTC PINK:ATHC) announced plans for internal audits aiming for NASDAQ up-listing. The company intends to raise $20 million to execute its strategy while minimizing shareholder dilution. Delays due to COVID-19 and the Ukraine conflict impede prior acquisition plans, prompting a shift to U.S.-based targets. CFO Damiano Coraci highlighted a commitment to exploring traditional financing options, with a detailed strategy to be shared soon. The company continues to seek strategic acquisitions and expand its team with experts in relevant fields.
Accelerated Technologies Holding Corporation (OTC PINK: ATHC) has appointed Damiano Coraci as its new CFO and Co-Chairman of the Board of Directors, effective July 8, 2022. Coraci brings over two decades of experience in finance and operations, crucial for ATHC's growth and NASDAQ up listing efforts. He will implement internal audits and establish a Compensation Committee. Coraci chose 200,000 shares in lieu of a $250,000 salary as year one compensation, reflecting his confidence in ATHC's strategic goals aimed at enhancing shareholder value.
Accelerated Technologies Holding Corporation (OTC: ATHC) announced its achievement of OTC Pink Current status, enhancing transparency and removing the Shell Risk badge. This status allows better insight into the company's financial health. ATHC is also negotiating an acquisition of a food importer, which could increase annual revenue by $6 million, pushing total estimates above $10 million. However, the ongoing Ukraine crisis has caused delays in the acquisition process.
Accelerated Technologies Holding Corporation (ATHC) announced a letter of intent to acquire a food importer and distributor, the Food Distributor Network, which will add approximately $5 million in annual revenue. The acquisition aims to accelerate the deployment of ATHC's ROMPOS solution, enhancing profitability. The Food Distributor Network, based in New York, distributes to 550 small businesses, projecting a revenue increase of 10% in 2021. ATHC plans to issue 3,200,000 shares for the acquisition at $1.25 per share and expects combined revenues exceeding $10 million for 2022.
Accelerated Technologies Holding Corporation (OTC PINK:ATHC) is set to settle its first cryptocurrency transaction using Bitcoin (BTC) and plans to test Ethereum (ETH) and other tokens through its ROMPOS platform. This beta phase aims to facilitate cryptocurrency payments for small businesses, enhancing their operational efficiency and reducing transaction fees. CEO Harry Falkenburg highlighted the goal to enable local businesses to accept various major cryptocurrencies. The initiative signifies ATHC's commitment to integrating cryptocurrency into mainstream payments, with future offerings potentially including a proprietary coin.
Accelerated Technologies Holding Corporation (OTC PINK:ATHC) has appointed Wayne M. Greenwald, Esq., a prominent New York attorney specializing in debtor-creditor law, to its Advisory Board. With over 40 years of experience, Greenwald will play a crucial role in advancing the KashOnDemand brand, aimed at providing small to medium businesses (SMBs) with accessible financing solutions. The company aims to enhance financial options for SMBs, helping them to compete effectively against larger firms.
Accelerated Technologies Holding Corporation (OTC PINK:ATHC) reported its Q3 2021 financial results, indicating a positive outlook for significant revenue growth in 2022. The company plans a full-scale launch of its brands ROMPOS, Shieldmost, and Kash On Demand by Q1 2022, aiming to secure strategic partnerships across the U.S. for widespread adoption. Management is focused on expanding its advisory board and workforce, targeting resellers servicing over 100,000 small businesses, and implementing internal sales strategies within ten weeks.
Accelerated Technologies Holding Corporation (OTC PINK:ATHC) recently updated its stakeholders on strategic initiatives and product launches. CEO Harry Falkenburg emphasized a focus on value creation for shareholders amidst a challenging business landscape. Key milestones include appointing seasoned advisors and achieving 'Current' status on OTC Markets, improving equity accessibility. Upcoming product launches include ROMPOS, a solution for small businesses, KashOnDemand, offering 24/7 financing, and Shield Most, a health and safety platform. ATHC aims for significant growth in 2022.
Accelerated Technologies Holding Corporation (OTC PINK:ATHC) recently announced the appointment of Harry Falkenburg as CEO and Chairman of the Board, following the resignation of Alex M. Lemberg. Falkenburg, who was previously the Director of Risk and Capital Markets, aims to expand the management team and expedite the development of merchant financing algorithms. The company plans to raise an additional $3-5 million for future growth and intends to register for S1 filings and list on other exchanges. Additionally, ATHC is exploring cryptocurrency integrations in its business operations.
Accelerated Technologies Holding Corporation (OTC PINK: ATHC) announced a strategic partnership with Atlas MBA Family of Companies to expand its FinTech solutions to small and medium-sized businesses (SMBs) across the U.S. This agreement will allow ATHC to provide a suite of services, including payment and marketing solutions, to 2,200 local merchants. The initial phase involves training 60 employees for the rollout of ROMPOS, a product aimed at driving revenue through automation and digital workflows. The partnership signals ATHC's focus on increasing market share and enhancing shareholder value.
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