BlueOne Card Inc., Announces Definitive Agreement to Acquire Millennium EBS, Inc. in a $12 Million Deal
BlueOne Card (OTCQX: BCRD) has announced a definitive agreement to acquire a 60% equity stake in Millennium EBS for $12 million. The acquisition includes the Millennium EBS Payment Hub, an advanced payment orchestration platform. The combined company projects potential revenue of up to $10 million in the next year. Millennium EBS shareholders will receive approximately 17% equity ownership in BlueOne Card. The acquisition enables BlueOne Card to provide payment services directly to banks and support their ISO20022 compliance requirements. The company aims to meet NASDAQ listing requirements by Q4 2026.
BlueOne Card (OTCQX: BCRD) ha annunciato un accordo definitivo per acquisire una partecipazione del 60% in Millennium EBS per 12 milioni di dollari. L'acquisizione include il Millennium EBS Payment Hub, una piattaforma avanzata di orchestrazione dei pagamenti. La società combinata prevede ricavi potenziali fino a 10 milioni di dollari nel prossimo anno. Gli azionisti di Millennium EBS riceveranno circa il 17% della partecipazione azionaria in BlueOne Card. L'acquisizione consente a BlueOne Card di fornire servizi di pagamento direttamente alle banche e di supportare i loro requisiti di conformità ISO20022. L'azienda punta a soddisfare i requisiti di quotazione NASDAQ entro il quarto trimestre del 2026.
BlueOne Card (OTCQX: BCRD) ha anunciado un acuerdo definitivo para adquirir una participación del 60% en Millennium EBS por 12 millones de dólares. La adquisición incluye el Millennium EBS Payment Hub, una plataforma avanzada de orquestación de pagos. La empresa combinada proyecta ingresos potenciales de hasta 10 millones de dólares en el próximo año. Los accionistas de Millennium EBS recibirán aproximadamente el 17% de la propiedad accionaria en BlueOne Card. La adquisición permite a BlueOne Card ofrecer servicios de pago directamente a los bancos y apoyar sus requisitos de cumplimiento ISO20022. La empresa tiene como objetivo cumplir con los requisitos de cotización en NASDAQ para el cuarto trimestre de 2026.
BlueOne Card (OTCQX: BCRD)는 Millennium EBS의 60% 지분을 1,200만 달러에 인수하기로 최종 계약을 체결했다고 발표했습니다. 이 인수에는 고급 결제 오케스트레이션 플랫폼인 Millennium EBS Payment Hub가 포함됩니다. 결합된 회사는 내년에 최대 1,000만 달러의 잠재 매출을 예상하고 있습니다. Millennium EBS의 주주들은 BlueOne Card의 약 17% 지분을 받게 됩니다. 이 인수는 BlueOne Card가 은행에 직접 결제 서비스를 제공하고 ISO20022 준수 요구사항을 지원할 수 있게 합니다. 이 회사는 2026년 4분기까지 NASDAQ 상장 요건을 충족할 계획입니다.
BlueOne Card (OTCQX: BCRD) a annoncé un accord définitif pour acquérir une participation de 60 % dans Millennium EBS pour 12 millions de dollars. L'acquisition comprend le Millennium EBS Payment Hub, une plateforme avancée d'orchestration des paiements. La société combinée prévoit des revenus potentiels allant jusqu'à 10 millions de dollars au cours de l'année suivante. Les actionnaires de Millennium EBS recevront environ 17 % des actions de BlueOne Card. Cette acquisition permet à BlueOne Card de fournir des services de paiement directement aux banques et de soutenir leurs exigences de conformité ISO20022. L'entreprise vise à satisfaire les exigences de cotation NASDAQ d'ici le quatrième trimestre 2026.
BlueOne Card (OTCQX: BCRD) hat eine endgültige Vereinbarung zur Übernahme einer 60%igen Beteiligung an Millennium EBS für 12 Millionen Dollar bekannt gegeben. Die Übernahme umfasst das Millennium EBS Payment Hub, eine fortgeschrittene Zahlungsorchestrierungsplattform. Das kombinierte Unternehmen rechnet mit potenziellen Einnahmen von bis zu 10 Millionen Dollar im nächsten Jahr. Die Aktionäre von Millennium EBS erhalten etwa 17% des Eigenkapitals an BlueOne Card. Die Übernahme ermöglicht es BlueOne Card, Zahlungsdienste direkt an Banken anzubieten und deren ISO20022-Konformitätsanforderungen zu unterstützen. Das Unternehmen plant, die Anforderungen für eine NASDAQ-Notierung bis zum vierten Quartal 2026 zu erfüllen.
- Strategic acquisition valued at $12 million for 60% ownership of Millennium EBS
- Projected revenue growth of up to $10 million in the next year
- Full ownership of advanced payment orchestration platform
- Expansion of service offerings to banks and financial institutions
- Development of new revenue stream through global remittance services
- Shareholder dilution through 17% equity transfer to Millennium EBS shareholders
- Significant capital expenditure of $12 million for acquisition
LOS ANGELES, Oct. 25, 2024 (GLOBE NEWSWIRE) -- BlueOne Card, Inc. (OTCQX: BCRD) (“BlueOne Card,” the “Company”), a leading fintech provider of payment hub solutions and prepaid debit cards, today announced that it has entered into a definitive agreement to acquire equity interest of
The acquisition includes ownership of the Millennium EBS Payment Hub, an advanced payment orchestration and modernization platform that efficiently manages payments across multiple networks. This strategic move will enhance BlueOne Card's ability to deliver a unified payment hub platform for small and medium-sized financial institutions worldwide.
- Revenue Growth: The combined company anticipates potential revenue growth up to
$10 million in revenue over the next year, driven by the new integrated Payment Hub platform. - Stock Transaction: Millennium EBS shareholders will receive approximately
17% equity ownership stake in BlueOne Card, while BlueOne will own a60% stake in Millennium EBS. - Synergies: The acquisition is expected to create substantial synergies by integrating Millennium EBS’s advanced payment orchestration platform with BlueOne Card’s established international platform, accelerating both domestic and global growth.
- Future Outlook: The Company aims to work towards meeting NASDAQ listing requirements by Q4 2026, subject to market conditions and other factors.
Significance of the Acquisition
The Millennium EBS Payment Hub has successfully enabled a major banking institution in Sri Lanka to transition to ISO20022 standards and is now in use, showcasing its role as the ultimate solution for banks seeking scalability, compliance, and secure financial messaging. The platform integrates diverse payment systems into a cohesive framework, offering seamless multi-channel payment processing. This acquisition shifts BlueOne Card's position from a planned leasing agreement to full ownership, enabling us to provide payment services directly to banks and generate significant revenue from financial institutions that utilize our platform.
Strategic Goals
- Empowering Financial Institutions: By acquiring Millennium EBS, BlueOne Card is positioned to support small and medium-sized banks worldwide in modernizing their payment operations. The platform will streamline payment processing across channels such as Swift, RTGS, ACH, FedNow, and Fedwire, offering banks an efficient path to meeting ISO 20022 compliance requirements.
- Expanding Remittance Services: The acquisition enables BlueOne Card to establish a robust remittance platform, allowing users to send money globally without needing a traditional bank account. This new service will generate revenue on each transaction, with convenient options for loading money at locations such as Walmart and 7-Eleven.
- Driving Operational Efficiency: Full ownership of the Millennium EBS Payment Hub allows BlueOne Card to integrate and optimize payment processes, enhancing operational efficiency for banks. By offering this comprehensive solution, the Company aims to meet the evolving demands of the financial sector while capitalizing on new revenue streams.
BlueOne Card's acquisition of Millennium EBS is a significant step forward in our mission to transform payment solutions for financial institutions and individuals around the globe. This strategic move positions us to deliver comprehensive payment services while maximizing growth opportunities in the expanding digital payments market.
"This acquisition represents a pivotal move in our long-term vision of becoming a global leader in financial technology," said Jame Koh, Chairman and CEO of BlueOne Card.
About Millennium EBS
Millennium EBS is a progressive player in the payment hub market, offering Millennium Payment Hub, a comprehensive platform designed to modernize payment processes across multiple channels including Swift, RTGS, ACH, FedNow, and Fedwire. The payment hub platform streamlines financial operations for institutions by integrating various payment systems into a unified solution, leveraging extensive payment technology and software expertise. With support for real-time transaction processing and built-in compliance management (KYC & AML), Millennium Payment Hub enhances operational efficiency and reduces regulatory risks. Millennium EBS is currently targeting small to medium-sized financial institutions seeking to meet ISO 20022 migration deadlines for Fedwire and Swift.
For more information,
visit: www.millenniumebs.com
About BlueOne Card
Founded in 2007 and incorporated in Nevada, BlueOne Card® is a leading provider of innovative payout solutions and prepaid card services, dedicated to transforming the way consumers and corporations manage their money. Our advanced prepaid debit cards facilitate seamless Card-to-Card cross-border real-time global money transfers, making financial transactions simpler and more efficient than ever. With unique security features such as lock and unlock access and dynamic CVV technology, our BlueOne Prepaid Debit Card ensures that users can enjoy peace of mind in every transaction. Backed by FDIC insurance and zero liability, our cards offer a safer, more reliable alternative to cash. At BlueOne Card, we are committed to empowering the unbanked workforce and addressing their payment and money transfer needs.
For more information,
visit: www.blueonecard.com or contact info@blueonecard.com
1-800-210-9755
FAQ
What is the value of BlueOne Card's acquisition of Millennium EBS?
What is the projected revenue growth for BlueOne Card after the Millennium EBS acquisition?
When does BlueOne Card (BCRD) plan to meet NASDAQ listing requirements?
What percentage of equity will Millennium EBS shareholders receive in BlueOne Card (BCRD)?
