Beyond Commerce Signs Letter of Intent to Acquire Electric Built

Rhea-AI Summary

Beyond Commerce (OTC PINK: BYOC) has signed a Letter of Intent to acquire Electric Built, enhancing its expertise in the electric vehicle sector. This acquisition grants Beyond Commerce exclusive access to Electric Built's commercial operations and connections. Additionally, they will have the right of first refusal to purchase assets from Electrogistics, Inc.. The appointment of Remo Weber as Chief Operating Officer is expected to bolster operations significantly. CEO Geordan Pursglove expressed enthusiasm over the strategic move toward vehicle electrification.

Positive

• Acquisition of Electric Built enhances expertise and operations in the electric vehicle sector.
• Exclusive access to Electric Built's commercial know-how and connections.
• Right of first refusal for acquiring assets from Electrogistics, Inc.
• Appointment of Remo Weber as COO expected to strengthen company operations.

Negative

• None.

Further Expands Expertise and Operations in EVs

LAS VEGAS, NV / ACCESSWIRE / April 12, 2022 / Beyond Commerce, Inc. (OTC PINK:BYOC) (the "Company"), a provider of B2B internet marketing analytics, technologies and services, is pleased to announce the signing of a Letter of Intent (LOI) to acquire Electric Built, headquartered in Inglewood, California. The acquisition provides Beyond Commerce exclusive access to Electric Built's commercial business know-how and business connections and operations.

Beyond Commerce will be given right of first refusal to purchase the assets, IP and all other assorted property of Electrogistics, Inc.

Remo Weber will be employed at Beyond Commerce as Chief Operating Officer on terms and conditions to be negotiated.

Geordan Pursglove, Beyond Commerce's Chief Executive Officer, stated, "We are excited to welcome Remo Weber as our Chief Operating Officer and expect to move this from LOI to definitive agreement over the next few weeks. With this acquisition, our Company continues to expand its expertise, operations and interest in the emergence of the electrification of vehicles."

For additional information on Electric Built, please visit: http://www.electricbuilt.com.

About Beyond Commerce, Inc.
Beyond Commerce, Inc. (OTC Pink: BYOC) is focused on business combinations of "big data" companies in global B2B internet marketing analytics, technologies and services. The Company's objective is to develop and deploy disruptive strategic software technology that will build on organic growth potential and to exploit cross-selling opportunities. Beyond Commerce plans to offer a cohesive global digital product and services platform to provide clients with a single point of contact for their big data, marketing and related sales initiatives. For additional information, please visit: https://beyondcommerceinc.com and https://www.service800.com.

Twitter: @incbyoc
Facebook: fb.me/incbyoc

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are subject to the "safe harbor" created by those sections for such statements. All statements other than statements of historical fact are forward-looking statements, which are often indicated by terms such as "anticipate," "believe," "could," "design," "estimate," "except," "forecast," "goal," "intend," "look forward to," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would," or the negatives or other tense of such terms and other similar expressions intended to identify forward-looking statements and similar expressions. We use forward-looking statements relate to future events or future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels or activity, performance or achievements expressed or implied by these forward-looking statements.

Contact Information:

investors@beyondcommerceinc.com
p702-675-8022

ClearThink
nyc@clearthink.capital

SOURCE: Beyond Commerce, Inc.

View source version on accesswire.com:
https://www.accesswire.com/696925/Beyond-Commerce-Signs-Letter-of-Intent-to-Acquire-Electric-Built

FAQ

What is Beyond Commerce's recent acquisition announcement?

Beyond Commerce announced a Letter of Intent to acquire Electric Built, enhancing its operations in the electric vehicle sector.

Who will be the COO of Beyond Commerce post-acquisition?

Remo Weber will be appointed as the Chief Operating Officer of Beyond Commerce.

What rights does Beyond Commerce have regarding Electrogistics, Inc.?

Beyond Commerce has the right of first refusal to purchase assets from Electrogistics, Inc.

How does the Electric Built acquisition impact Beyond Commerce?

The acquisition is expected to provide exclusive access to Electric Built's commercial expertise, potentially leading to significant operational enhancements.