Xalles Expands into NFT and Crypto Marketplaces

Rhea-AI Summary

Xalles Holdings Inc. (OTC: XALL) aims to expand its footprint in the NFT and cryptocurrency sectors through its subsidiary, Vigor Crypto Holdings. The company plans to analyze trading bots and evaluate NFTs as long-term investments, potentially generating new revenue streams. CEO Thomas Nash emphasized the importance of optimizing fintech innovations. Xalles seeks to leverage blockchain technologies to capture recurring revenue and accelerate market growth. These initiatives complement their joint venture with GioBot to create advanced trading systems.

Positive

• Innovative strategy to enter NFT and cryptocurrency trading markets.
• Plans to analyze and enhance trading bots, potentially improving trading efficiency.
• Long-term investment strategy in NFTs could yield future profits.

Negative

• None.

NFT and crypto trading analysis and asset acquisitions expected to lead to new revenue and profits.

WASHINGTON, DC, Feb. 09, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Xalles Holdings Inc. (OTC: XALL), a fintech holding company providing innovative technology and financial services solutions, through its Xalles Capital group of subsidiaries, plans to expand our reach into the market of NFTs (non-fungible tokens) and cryptocurrency trading solutions.

Vigor Crypto Holdings, a wholly owned subsidiary of Xalles Capital, will analyze and test a variety of bots that are NFTs which trade on broader exchanges and futures markets like the Nasdaq, S&P 500, NYSE/Dow Jones.  The goal is to evaluate, purchase and enhance our automated trading and bot portfolio, realizing that the key to success is finding the good system tool to support a good trading strategy.  

Xalles Capital is also evaluating holding NFTs for long term investments which can be later sold on the secondary markets for profit. The strategy is that specific NFTs which contain trading bots and other assets and are sold in limited quantities would have a good opportunity to increase in value if the asset contained within the NFT is producing revenue or profits for its owner.

These strategies will complement what the company previously described with its joint venture company GioBot to create new trading bots to support Vigor Crypto and external clients. “NFTs and cryptocurrency trading bots and systems are an exciting part of the fintech ecosystem that Xalles is trying to optimize to drive innovation and profits,” stated Thomas Nash, Chairman and CEO of Xalles Holdings Inc.

About Xalles Holdings Inc.

Xalles Holdings Inc. is a holding company that focuses on the acquisition, alignment, and growth of disruptive fintech companies. The company actively seeks targets in which it can acquire and accelerate market expansion, 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 technologies to provide industry-leading financial solutions, which, over time, will allow for the capture of recurring revenue streams. 

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 Contacts:

info@xalles.com

202.595.1299 Office

FAQ

What is Xalles Holdings Inc. planning regarding NFTs?

Xalles Holdings Inc. plans to analyze and invest in NFTs as part of its strategy to generate new revenue.

How does Xalles Holdings Inc. aim to generate profits from crypto trading?

Through its subsidiary, Vigor Crypto Holdings, Xalles will evaluate trading bots and NFTs to enhance automated trading strategies and hold NFTs for long-term investment.

What is the focus of Xalles Holdings Inc.'s subsidiary, Vigor Crypto Holdings?

Vigor Crypto Holdings focuses on analyzing and testing trading bots and acquiring NFTs to optimize trading strategies and generate profits.

What is the stock symbol for Xalles Holdings Inc.?

The stock symbol for Xalles Holdings Inc. is XALL.

What recent announcement did Xalles Holdings Inc. make regarding cryptocurrency?

Xalles announced its intention to expand into the NFT and cryptocurrency trading markets to drive innovation and profitability.