Trustfeed Corp (OTC:TRFE) Announces Spin-off of Subsidiary to New Public Company

Rhea-AI Summary

Trustfeed Corp. (OTC: TRFE) announced plans to spin off its subsidiary, Wikisoft Inc., into a new public company. This strategic move enables Trustfeed to focus on its core mission of enhancing company data and product reviews, while Wikisoft, boasting over 175 million business profiles, aims to capitalize on the growing big data market, projected to reach USD 549.73 billion by 2028. Current Trustfeed shareholders will receive common stock in the new entity, which is expected to bolster growth and operational efficiency.

Positive

• Spin-off of Wikisoft Inc. allows Trustfeed to focus on its core business.
• Wikisoft has over 175 million business profiles, enhancing its market position.
• Big data analytics market expected to grow at a CAGR of 13.2% to USD 549.73 billion by 2028.
• Total Addressable Market for Trustfeed estimated at approximately USD 50 billion.

Negative

• None.

NEW YORK, Dec. 13, 2022 /PRNewswire/ -- Trustfeed Corp. (OTC: TRFE) a leading player in the trusted information and online review market today announced plans to spin-off its subsidiary, Wikisoft Inc., into a new public company.

A corporate spin off is a type of divestiture or corporate restructuring where a business breaks off a part of its operations into an independent entity. A company creates a spinoff expecting that it will be worth more as an independent entity. Wikisoft Inc. will be a separate company that is owned by shareholders of the parent company.

To read more about a spin-off and the benefits to the parent company and its shareholders please visit:

https://www.trustfeed.com/Trustfeedcorpspinoff.aspx

Rasmus Refer CEO of Trustfeed said: "This will enable Trustfeed to focus entirely on its mission to revolutionize the company data and the product review world with a trusted platform of reviews and company profiles. We will be able to streamline operations, reduce expenses and create even more new business opportunities. Wikisoft as a separate entity in the big data market offers attractive opportunities for shareholders of Trustfeed."

Wikisoft as a separate entity with business data exceeding 175 million business profiles can excel in the big data market as an independent company.  The global big data analytics market size is expected to be worth USD 549.73 billion in 2028. The market size was USD 206.95 billion in 2020 and USD 231.43 billion in 2021. According to the report Big Data Analytics Market, 2021-2028, the market is estimated to grow at a CAGR of 13.2% during the 2021-2028 period.

The global Total Addressable Market (excluding China) available to Trustfeed is estimated by OC&C Strategy Consultants LLP ("OC&C") to be approximately US$50 billion. We anticipate fast growth with Trustfeed's services helping businesses raise their profile, build their own trust credentials and more effectively target potential customers.

Common stock in the new company will be distributed to current owners of Trustfeed stock.

Source:
Trustfeed Corp
140 Broadway, 46th Floor
10005 New York, United States

Email: rl@trustfeed.com
Twitter: https://twitter.com/TrustfeedC
Website: https://www.trustfeed.com

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SOURCE Trustfeed Corp

FAQ

What is the significance of Trustfeed's spin-off of Wikisoft Inc. on TRFE stock?

The spin-off allows Trustfeed to concentrate on its primary business, potentially increasing operational efficiency and shareholder value in the long run.

How will the spin-off of Wikisoft Inc. affect Trustfeed shareholders?

Current Trustfeed shareholders will receive common stock in the new company, potentially unlocking additional value tied to Wikisoft's business.

What is the projected growth rate of the big data market relevant to Trustfeed?

The big data analytics market is expected to grow at a CAGR of 13.2%, reaching USD 549.73 billion by 2028.

What is the Total Addressable Market estimate for Trustfeed?

Trustfeed's Total Addressable Market is estimated to be approximately USD 50 billion, according to OC&C Strategy Consultants LLP.