FDCTECH INC - FDCT STOCK NEWS

FDCTech, Inc. (FDCT) announced a letter of intent to acquire an 80% equity interest in CIM Securities, an investment bank generating $2.51 million in revenue in 2021. This acquisition aligns with FDCT's growth strategy through mergers and acquisitions and aims to establish a U.S.-based financial services firm within its portfolio. The deal is subject to regulatory approvals, with a closing expected in Q4 2022. This move could enhance FDCT's capabilities in offering integrated financial solutions.

FDCTech, Inc. reported a 2,294.79% revenue increase, totaling $1,541,122 for Q1 2022, primarily due to the acquisition of AD Advisory Services Pty Ltd. The company's net loss rose to $389,196, up from $221,838 in Q1 2021. Cash on hand increased to $297,643 from $93,546 due to a $550,000 promissory note. Total stockholders' equity fell to $1,515,708. The company aims to leverage market opportunities for further acquisitions amidst a steady demand for financial advice.

FDCTech, Inc. (OTCQB: FDCT) has partnered with Freedom Holdings, Inc. (OTC: FHLD) to develop a Blockchain-based Carbon Credit Ecosystem. This initiative aims to enhance liquidity, transparency, and accessibility in voluntary carbon markets. The ecosystem will feature protocols for minting and burning carbon credits as digital tokens, and a trading venue to engage various stakeholders in the carbon credit market. The partnership signifies FDC's capabilities in creating integrated blockchain solutions, supporting FHLD's goal to drive a carbon-neutral economy.

FDCTech has announced its acquisition of AD Advisory Services Pty Ltd. (ADS), gaining a 51% equity stake valued at approximately $3.15 million. This transaction is expected to boost annualized revenue to $5.91 million and provide access to the $2.1 trillion Australian wealth management market.

With $540 million in funds under management and 28 licensed advisers, the acquisition will leverage both FDCTech's software capabilities and ADS's client-centric advisory services to enhance digital wealth management offerings.

FDCTech, Inc. (OTCQB: FDCT) announced a partnership with Jerome Baker Designs to develop an NFT platform, enabling unique digital art and physical assets to be minted on the Ethereum blockchain. This collaboration is set to launch in early Q1 2022, with auctions for original works by Jason Harris. Jerome Baker Designs is recognized as a leading brand in artistic glass, having received accolades like the 2018 High Times Cannabis Cup and catering to celebrities. The partnership aims to democratize access to digital collectibles while leveraging FDCT's financial technology expertise.

FDCTech, Inc. (OTCQB: FDCT) has announced the integration of its Condor Multi-asset Trading Platform with Binance, the leading cryptocurrency exchange by trading volume. This integration enables brokerage firms to access Binance's liquidity and trade various financial assets, including cryptocurrencies, through a single account. Additionally, firms can offer leveraged trading and customize bid/ask spreads. According to CEO Mitchell M. Eaglstein, this move addresses the increasing demand for both established cryptocurrencies and emerging digital assets, including NFTs.

FDCTech, Inc. has terminated its Stock Purchase Agreement with Genesis Financial due to Genesis's inability to comply with material provisions. The agreement, dated June 2, 2021, could not be completed as several requirements were unmet, including lien releases and other disclosures. Following this, Mr. Warwick Kerridge was relieved of his role as Chairman, with former Chairman Mr. Eaglstein taking over as interim Chairman. Despite the setback, the CEO remains optimistic about future acquisitions to enhance shareholder value.

FDCTech, Inc. (FDCT) has launched the Condor Price Hub, enhancing trading liquidity and execution for forex brokers and banks. This platform connects users to institutional market data and reduces setup time from months to less than five days, optimizing operational costs. The Condor Price Hub supports eCommerce solutions, integrates with legacy platforms, and offers 24/7 technical support.

FDCTech, Inc. (FDCT) announced the appointment of Charles R. Provini to its Board of Directors, expanding the board from four to five members. Provini, with extensive experience in asset management and fintech, aims to enhance the company's strategic initiatives, audit, and risk management. He previously led Natcore Technology and has held senior positions in several financial firms. His addition is seen as a move to support FDCT's growth strategy in the fintech sector. The company also announced that it will compensate Provini in cash and stock-based equity for his board services.