Xalles Acquires Loyalty Superstore to Provide a Unique White Label Online and In-store Shopping Experience
Xalles Holdings Inc. (OTC: XALL) has announced its acquisition of Loyalty Superstore, Inc. (LSS), a Florida-based company specializing in loyalty and rewards platforms. This acquisition aims to strengthen Xalles Financial Services by integrating LSS's three distinct platforms, including customizable shopping experiences for consumers and businesses. The National Mall features over 1200 national retailers, while Local Thanks connects users to local merchant discounts. Expected completion of the acquisition is on or before March 31, 2023. Martin Berns, CEO of Loyalty Superstore, emphasized the synergy with Xalles's fintech solutions.
- Acquisition of Loyalty Superstore enhances Xalles's service offerings in loyalty and rewards.
- Expansion of consumer shopping experiences through the integration of LSS platforms.
- Presence of over 1200 national retailers in the National Mall platform opens revenue opportunities.
- None.
LSS Provides Expanded Shopping Capabilities That Complement our Existing Global Savings Network
WASHINGTON, DC, March 24, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Xalles Holdings Inc. (OTC: XALL), a fintech holding company providing technology and financial services solutions, today announced that it has executed an acquisition agreement with Florida-based Loyalty Superstore, Inc. (“LSS”) to become a wholly owned subsidiary under Xalles Financial Services Inc.
Loyalty Superstore encompasses 3 unique loyalty, rewards and customer acquisition platforms including the highly customizable National Mall, National Mall Plus and Local Thanks. They provide online shopping experiences directly to consumers and through white-labeled solutions to small and medium sized businesses, membership clubs and non-profits that include consumer cash rebates and discount coupons. The National Mall contains over 1200 major national retailers and Local Thanks provides links to thousands of local merchant coupons.
Martin Berns, CEO of Loyalty Superstore, commented, “Xalles is the perfect match for us. Their Global Savings Network, Artificial Intelligence capabilities and Fintech Solutions will allow us to provide a complete marketing and communication toolbox that has previously been unavailable to the SMB marketplace.”
“We are pleased to announce that the LSS team is joining Xalles at this time as we are assembling a unique combination of consumer shopping experiences,” stated Xalles Holdings CEO Thomas Nash.
LSS was previously a participant in the Xalles Studio. The LSS acquisition is contracted to be completed on or before March 31, 2023.
About Xalles Holdings Inc. (OTC: XALL)
Xalles Holdings Inc. is a holding company that focuses on direct investments in disruptive fintech companies. The company actively seeks acquisition targets in which it can invest and accelerate growth, targeting companies with solid management teams and business models, large total attainable markets (TAM), and lucrative exit opportunities. The company places emphasis on leveraging blockchain and other technologies to provide industry-leading financial reconciliation and auditing solutions, which, over time, will allow for the capture of recurring revenue streams. For more information visit: Xalles.com
About Loyalty Superstore
The Loyalty Superstore management team has over 20 years of experience in the incentive industry and in building rewards/rebates web-based loyalty shopping mall platforms that showcase over 1200 national merchants. Our one-of-a-kind white label technology allows clients to customize our National Mall® and LOCAL THANKS℠ platforms instantaneously with their own graphics, videos, text and information. The National Mall® is marketed to medium and large sized clients that utilize the platforms as a customer acquisition, retention and loyalty value added benefit. The Malls include a link to local shopping through the company’s LOCAL THANKS℠ platform. For information about Loyalty Superstore visit: LoyaltySuperstore.com
Forward-Looking Statements Disclaimer:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov and in OTC Markets at www.otcmarkets.com
Investor Relations Contact:
info@xalles.com
Xalles.com
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