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Neon Bloom, Inc. (OTC: NBCO) is a diversified holding company with investments spanning healthcare, financial services, and emerging markets. Established to capitalize on high-growth opportunities, Neon Bloom recently completed significant updates to its disclosure reports, achieving 'Current Information' status with the OTC Markets Group. This accomplishment aligns with the company's focus on compliance and transparency, further bolstered by the expertise of Fred Luke, who was appointed as Secretary and a Board member.
Neon Bloom operates through several key subsidiaries. One of its prominent holdings is Bazelet Health Systems, Inc., a pioneer in the health and wellness sector. Bazelet developed PECSA™, a patent-pending, plant-based ingredient derived from a legally patented cannabis plant known as PAN2020. This unique plant contains 0.00% THC, making it the first federally legal cannabis plant. PECSA™ is used in food, drug, and cosmetic products that comply with the U.S. Food, Drug, and Cosmetic Act.
In 2024, Bazelet is set to enter the lucrative $60 billion U.S. organic food and beverage market with its PECSA™ Organic product. This move aligns with the growing consumer demand for organic products and presents a significant growth opportunity for Neon Bloom.
Neon Bloom also continues to expand in the financial services sector. The company has signed a Letter of Intent to acquire Advanced Executive Sales, LLC (AES), a rapidly growing e-commerce and point-of-sale transaction solutions provider. This acquisition is expected to increase annual revenues by $20 million, providing immediate positive cash flow and enabling further acquisitions.
As part of its growth strategy, Neon Bloom is committed to making additional acquisitions using a combination of common stock, performance-based notes, and available cash. The company's leadership team, strengthened by experienced executives like Fred Luke, is focused on operational efficiency and strategic expansion to deliver long-term value to shareholders.
Neon Bloom, Inc. (OTC PINK: NBCO) has announced a new business partnership with Elevated International, a US-based company specializing in 3rd party business development. Elevated International focuses on connecting businesses with transactional and software solutions in e-Commerce, Enterprise, and Retail environments.
This collaboration is expected to boost Neon Bloom's yearly revenue. Alex Wasyl, Elevated's President and CEO, expressed enthusiasm about working with Neon Bloom and its subsidiaries, bringing over a decade of experience in aligning specialized businesses with new revenue opportunities. Greg Bauer, Neon Bloom's CEO, stated that this partnership is expected to make a significant contribution to their market space and revenue generation.
Neon Bloom (OTC PINK: NBCO) announced a strategic shift from the HealthTech sector by divesting its subsidiary, Bazelet™ Health Systems. This move follows the acquisition of Advanced Executive Sales (AES), marking a new focus on the financial services sector. As part of this transition, the company adds Mr. Anthony Bianchi, Esq. as an Independent Director, replacing Ms. Frick. Mr. Greg Bauer is the new CEO, while Mr. Michael Elzufon joins the Bazelet™ Board after resigning from Neon Bloom's Board. Neon Bloom aims to capitalize on the digital transformation in e-Commerce and financial technology amidst the controversial cannabis-related businesses.
Neon Bloom (OTC PINK: NBCO) announced the completion of its acquisition of Advanced Executive Sales (AES), a financial services company specializing in business development and software solutions, particularly electronic payment and card processing. The acquisition, finalized after negotiations with AES's Managing Member Greg Bauer, involves a restructuring of stock where Bauer returned 200 million shares of Neon Bloom's Common Stock, receiving 2 million Series B Convertible Preferred Stock in exchange. This move reduced the outstanding Common Stock to 212,260,668 shares. Bauer is now a Board member and CEO of Neon Bloom. AES will be converted to a Florida C-Corp and operate as a wholly owned subsidiary named "Advanced Executive Sales Inc."
Neon Bloom (OTC PINK: NBCO) has finalized the terms to acquire Advanced Executive Sales (AES), a financial services company specializing in electronic payment processing. The acquisition is expected to close by May 31, 2024. AES, which reported $23.2 million in gross revenue and $1.6 million net profit in 2023, will become a wholly owned subsidiary, converting to a Florida C-Corp. The acquisition aims to generate positive cash flow and expand Neon Bloom's market reach through AES's established e-Commerce and Point of Sale solutions. Greg Bauer, AES's Managing Member, will join Neon Bloom's Board and executive team.
Bazelet Health Systems, a subsidiary of Neon Bloom (OTC: NBCO), announced its cannabis Education & Research Initiative (cERI). The program provides patented cannabis genetics, zero-THC, to DEA-registered research entities, enabling scientific studies on cannabis effects. This initiative aims to address the long-standing challenges in cannabis research due to regulatory restrictions, offering access to cannabinoids like Cannabigerol (CBG). With a vertically integrated supply chain, Bazelet is focused on developing non-GMO cannabis plants to meet global demand.
Neon Bloom Inc. (OTC: NBCO) announced that its subsidiary, Bazelet Health Systems, will exhibit at the National Restaurant Association Show from May 21-24, 2022, in Chicago. Bazelet aims to introduce PECSA™, a plant-based, non-GMO ingredient derived from THC-free patented plants, targeting the global demand for natural food and beverage products. PECSA™ promotes EndoCannabinoid System health, offering a zero-THC solution for the 95% of the population that avoids cannabis with THC. Bazelet is focusing on establishing customer relationships and expanding its market presence.
Neon Bloom (OTC: NBCO) announces that its subsidiary Bazelet Health Systems has produced Cannabis America, a 100% THC-free cannabis plant. Tested by ACS Laboratory, this unique plant allows legal agricultural growth without the risk of THC contamination. Cannabis America offers versatile uses in industries like textiles, construction, and food production, contributing to carbon reduction as a natural purifier. Bazelet also develops PECSA™, a non-GMO food ingredient derived from this plant, targeting global markets. The company aims to fulfill the rising demand for zero-THC products in various sectors.
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