ECGI HOLDINGS INC - ECGI STOCK NEWS

ECGI Holdings has appointed AI and machine learning expert Mandeep Singh to its Board of Advisors. This strategic move aligns with the upcoming launch of Pacific Saddlery's Allon brand equestrian apparel. Singh's background includes roles at Alation, Antuit, Deutsche Bank, Capco, Bloomberg LP, and Skryty. He brings significant AI expertise, which is expected to drive innovation, optimize customer engagement, reduce return rates by up to 30%, and enhance financial performance through data-driven decision-making. CEO Jamie Steigerwald expressed enthusiasm for Singh's appointment, highlighting the company's forward momentum in the luxury equestrian sector.

ECGI Holdings (OTC: ECGI) announced the launch of a new line of equestrian apparel under its Allon brand, following the acquisition of Pacific Saddlery. This collection will be available online and through a mobile retail trailer at equestrian events, catering to the $9.7 billion market. The products will also be offered for wholesale, expanding the brand's reach. Pacific Saddlery secured a spot at the AETA International trade show in August, showcasing the collection and fostering new business partnerships. The equestrian apparel market is projected to grow from $6.5 billion in 2023 to $9.7 billion by 2032, driven by increased participation in equestrian sports.

ECGI Holdings announces a binding Letter of Intent (LOI) to acquire all outstanding shares of Pacific Saddlery, a luxury equestrian tack, apparel, and accessories manufacturer. The acquisition, valued at $5 million in ECGI-restricted shares, aligns with ECGI's strategy to expand into the $12.72 billion equestrian sector. The LOI follows the successful launch of Pacific Saddlery's mobile retail trailer and aims to capture a growing market, projected to reach $12.72 billion by 2032. Nick Collins will join as president of ECGI, while CEO Jamie Steigerwald will also serve as president of Pacific Saddlery. The acquisition is expected to generate new revenue streams and strengthen ECGI's position in the luxury market.

ECGI Holdings has secured the first of two $125,000 convertible notes, aimed at accelerating the growth and product development of Pacific Saddlery. The second note is expected to close next month. This funding will provide $100,000 in growth capital after fees for each note. The investment will bolster Pacific Saddlery's product line following its successful mobile retail trailer launch. This strategic move aims to capture a significant share of the $300 million U.S. luxury equestrian market, aligning ECGI Holdings with industry leaders such as Hermès and CWD Sellier.

ECGI Holdings announces a $2 million debt-to-equity conversion as part of its fiscal fourth quarter. This strategic move aims to enhance financial stability and shareholder value. The company has already achieved significant financial improvements in the first half of 2024, including a $1.5 million reduction in accounts payable and accrued liabilities, a $350,000 reduction in convertible notes payable and accrued interest, and a $1 million improvement in total stockholders' deficit. ECGI Holdings emphasizes its commitment to financial prudence and operational efficiency, expecting these measures to bolster investor confidence and attract further investments.

ECGI Holdings Inc. announces a significant reduction of $2.1 million in liabilities through strategic financial improvements. The company canceled purchase orders related to the East West Pharma Group, leading to this achievement. This move aims to enhance shareholder value, boost investor confidence, and strengthen the company's market position.

ECGI Holdings Inc. announces a new initiative to reduce over $600,000 in liabilities from its balance sheet, with a $450,000 reduction from canceling the second SRAX note. The company aims to strengthen its financial structure, enhance shareholder value, and improve its share structure for future growth opportunities.

ECGI Holdings Inc. announces a strategic partnership with Pacific Saddlery, marking a shift towards luxury branding. The joint venture aims to create and elevate luxury brands with a focus on quality, exclusivity, and an unparalleled consumer experience. Additionally, ECGI has been approved by Evolve to transform its Lake County property into a luxury short-term rental named Vintner's Caldera Ranch, catering to the growing global market for luxury goods and vacation rentals.