Star Alliance International Corp. ("STAL") Signs New Agreement with NetSimple

Rhea-AI Summary

Star Alliance International Corp. (OTC Pink:STAL) has signed a new agreement with DigiPro Payments, , operating as NetSimple. The deal, set to close by July 31, 2024, aims to bolster NetSimple's fintech services tailored for small and medium-sized businesses, including scalable payment processing, web design, and SaaS solutions. Currently, NetSimple generates $150,000 to $200,000 in monthly revenue and is profitable. With STAR's financial backing, revenues are expected to grow to $500,000 to $600,000 monthly over the next year. NetSimple's management is optimistic about increased revenues and profits through this collaboration. STAR's President, Richard Carey, mentioned that this acquisition is part of their broader strategy in fintech and gold mining sectors, with more details to follow.

Positive

• NetSimple generates $150,000 to $200,000 monthly revenue and is profitable.
• Expected revenue increase to $500,000 to $600,000 monthly within the next year with STAR's support.

Negative

• The agreement is based on milestones that must be achieved by July 31, 2024, introducing an element of uncertainty.

LAS VEGAS, NV / ACCESSWIRE / July 10, 2024 / Star Alliance International Corp. (OTC Pink:STAL), ("STAR or the Company"). STAR is pleased to confirm that a new agreement with DigiPro Payments, LLC dba NetSimple updated terms has been signed. The effective date to close is on or before July 31, 2024 based on certain milestones to be achieved.

NETSIMPLE is a comprehensive fintech company providing innovative software solutions tailored to small and medium sized businesses. The company's proprietary, cloud-based Web Platform-as-a-Service (PaaS) offers scalable, customizable solutions for payment processing, web design, and SaaS development. With a focus on customer experience and retention, the company's processor/agent agnostic system allows for seamless integration and third party ISOs, enabling them to leverage the Company's platform for market advantage and recurring revenue.

The NetSimple management team is a strong mix of experience bringing a wealth of knowledge in their market areas. The Company is currently generating approximately $150 to $200,000 monthly revenue and is profitable. With the financial support being provided by Star it is expected that revenues will increase to $5 to 600,000 monthly within the next twelve months.

Tim Renfroe, President of NetSimple stated "We are excited to at last be able to finalize this transaction with Star. They add business acumen and financial support to our business. We are looking forward to working together and increasing revenues and profit."

NetSimple has served hundreds of clients around the world including some of the largest hospitality chains. The global fintech market was valued at USD 294.74 billion in 2023 and is projected to be worth USD 340.10 billion in 2024. This growth can largely be attributed to the dramatic rise in digital payments this decade as e-commerce continues to overtake traditional brick and mortar retailers.

Richard Carey, President and Chairman of Star Alliance International Corp., commented, "We have been discussing our planned acquisitions in both our Fintech areas and Gold mining and technology divisions. We are now positioned to start closing the transactions that we have discussed. More information on NetSimple and other acquisitions will be provided as soon as possible. We are pleased that we will be revenue positive in the first quarter of fiscal 2025. "

About Star Alliance International Corp.

Star Alliance International Corp. ("the Company" or "STAL") was incorporated in the State of Nevada on April 17, 2014, under the laws of the State of Nevada.

Star Alliance International Corp. is a Worldwide Holding Company with a mine in California and other assets ready to be acquired. In addition, Star searches out innovative technologies that are eco-friendly including "Genesis," our environmentally safe gold and other mineral extraction system.

The Genesis extraction system extracts minerals from oxide and complex ores much faster than other processes in an environmentally safe manner. We plan to close this transaction as soon as possible.

We have also agreed terms to acquire controlling interests in two entities outside our mining divisions in both the fintech arena and artificial intelligence.

Our work on our digital asset backed by gold continues, as we prepare paperwork for regulatory approvals.

The Company anticipates continued expansion of our efforts domestically and abroad, with a particularly keen focus on mining technologies for precious metals and rare earth minerals, as well as other innovative technologies.

It is Star Alliance International Corp.'s goal to become an exciting well-rounded many-faceted company with a sophisticated corporate structure that allows for more transparency to our shareholders. Our planned diversification, paired with a sensible approach, will result in the absolute best possible outcomes and the highest possible value for our shareholders.

Safe Harbor and Informational Statement

This press release may contain forward-looking information within the meaning of Section 21E of the Security Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statement of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial conditions or results of operations; (iii): the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends.

The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend", and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statement is not a guarantee of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's statements and reports filed with the OTC Markets. The Company claims the safe harbor provided by Section 21E(c) of the Exchange Act for all forward-looking statements.

For more information, contact:

Anthony Anish, CFO, Star Alliance International Corp.
Telephone: 833-443-7827
E Mail: info@staralliancemines.com
Web Site: staralliancemines.com

Facebook, Linkedin,

Twitter @StarAllianceIn1

SOURCE: Star Alliance International Corp.

View the original press release on accesswire.com

FAQ

What is the new agreement between Star Alliance International Corp. and NetSimple?

Star Alliance International Corp. (OTC Pink:STAL) has signed a new agreement with NetSimple, a fintech company, to provide financial backing and support for revenue growth. The deal is set to close by July 31, 2024.

How much revenue does NetSimple currently generate?

NetSimple is currently generating $150,000 to $200,000 in monthly revenue and is profitable.

What is the expected revenue growth for NetSimple after the agreement with Star Alliance International Corp.?

With the financial support from Star Alliance International Corp., NetSimple's revenue is expected to increase to $500,000 to $600,000 monthly within the next twelve months.

When is the effective date to close the agreement between Star Alliance International Corp. and NetSimple?

The agreement is set to close on or before July 31, 2024, based on certain milestones.

What are the main services provided by NetSimple?

NetSimple offers scalable, customizable solutions for payment processing, web design, and SaaS development, focusing on small and medium-sized businesses.