Exxe Group Acquires $1.5 Million in Memorabilia Assets
Exxe Group has successfully acquired $1.5 million worth of graded and authenticated memorabilia assets across various fields including sports, music, film, TV, pop culture, and politics. This collection, valued by industry leaders, includes autographed items from notable athletes and celebrities. The acquisition will be supported by Exxe's trading technologies and new brand strategy under its Technology vertical. The deal is financed through cash and Preferred B stock. Exxe Group aims to leverage its in-house technologies to boost sales, with expectations of generating over $50 million in annual revenues.
- Acquisition of $1.5 million memorabilia enhances asset portfolio.
- Memorabilia authenticated by reputable organizations increases value credibility.
- Development of online sales platform aligns with modern market trends.
- CEO's statement reflects strong revenue generation capability.
- None.
- Exxe Group acquires
$1.5 million in graded and authenticated memorabilia assets - Memorabilia inventory includes sports, music, film, TV, pop culture and political memorabilia
- Exxe Group's MarketMediaConnect to provide technology and software solutions
NEW YORK, NY / ACCESSWIRE / January 17, 2023 / Exxe Group, Inc. (OTC PINK:AXXA), ("Exxe'' or the "Company") is pleased to announce the acquisition of
The memorabilia has been graded and authenticated by industry leaders such as PSA, JSA, Beckett, Upper Deck, and Panini, among others. The collection has been independently valued by them at over
The deal has been financed with a combination of cash, Preferred B stock, and long-term fixed-price non-convertible debt.
Among the collectibles are autographed sports cards from MLB, NBA, NFL, and other leagues. This includes talented and famous players, as well as many other superstars and Hall of Famers. Also included are many autographed pieces including bats, helmets, baseballs, footballs, basketballs, shoes, jerseys, and many other unique items. Celebrity collectibles include some of the biggest names in film, TV, music, and pop culture.
The large political section includes Presidents, Vice Presidents, First Ladies, and Foreign Leaders dating as far back as 1806. Some of the highlights include recent Presidential and other very well-known political figures.
Jason Lohre will lead the development of Exxe Group's online memorabilia program. Mr. Lohre has more than 30 years of experience in the collectible memorabilia market. Details on the many famous names and collectible items they are associated with or have signatures on will be released on the new memorabilia website and other social media which is being developed, once it's rolled out.
Exxe Group is leveraging its in-house technologies and software to enable sales of memorabilia under a new brand name. Memorabilia sales will be listed under Exxe's Technology vertical. The project includes, but is not limited to developing a new website, Search Engine Optimization (SEO), a Customer Relationship Management (CRM) tool integrated into Web 3.0, Artificial Intelligence software, as well as other inputs to expand and enhance the sale of memorabilia online. The brand name will be released in due course.
PWCC, a global leader in trading cards and related collectibles, provides daily access to auctions and fixed price marketplaces. From 2008 through August 2022, the PWCC 500 Index, in which the memorabilia is categorized, has outperformed the S&P 500, with the card and memorabilia market up
Dr. Eduard Nazmiev, Exxe Group CEO, stated: "This
About Exxe Group
Exxe Group Exxe is a diversified fintech company with assets in real estate, architectural design, agriculture, automotive, medical, media, and trading technology. Exxe Group acquires controlling equity interests in undervalued assets, and undertakes an active role in improving their performance - accelerating their growth by providing both access to capital and management expertise.
For additional information please visit the Company's
Website: http://www.exxegroup.com/
Twitter: https://twitter.com/exxegroup
Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release.
CONTACT: Exxe Group IR: info@exxegroup.com
SOURCE: Exxe Group
View source version on accesswire.com:
https://www.accesswire.com/735514/Exxe-Group-Acquires-15-Million-in-Memorabilia-Assets
FAQ
What assets did Exxe Group acquire for $1.5 million?
How will Exxe Group use its trading technologies after the acquisition?
Who will lead the online memorabilia program for Exxe Group?
What is the expected impact of the memorabilia acquisition on Exxe Group's revenues?
How is the memorabilia collection valued?
