Xalles to Acquire AIgrowthHUB and Expand AI-based Solutions

Rhea-AI Summary

Xalles Holdings Inc. (OTC: XALL) announced its acquisition of AIgrowthHUB, a firm specializing in customer acquisition and experience enhancement, through a share exchange agreement. AIgrowthHUB will operate as a wholly owned subsidiary under Xalles Technology. Expected to contribute approximately $7 million in revenue within the next year, the acquisition aligns with Xalles's strategy to capitalize on the growing artificial intelligence market, projected to reach $1.8 trillion by 2030.

Positive

• AIgrowthHUB expected to contribute $7 million in revenue over the next 12 months.
• Acquisition enhances Xalles's portfolio in the $1.8 trillion AI market.
• Synergies anticipated from AIgrowthHUB's customer acquisition solutions to boost profitability.

Negative

• None.

As Artificial Intelligence (AI) Grows in Importance Throughout the Business World, AIgrowthHUB Will Offer Solutions to Grow Business and Enhance the Customer Experience.

WASHINGTON, DC, July 19, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Xalles Holdings Inc. (OTC: XALL), a fintech holding company providing technology and financial services solutions, will acquire AIgrowthHUB Inc. (“AIgrowthHUB”) in a share exchange agreement. AIgrowthHUB Inc. will become a wholly owned subsidiary of Xalles Technology Inc, which is a wholly owned subsidiary of Xalles Holdings Inc.

Based in St. Petersburg, Florida, AIgrowthHUB provides business solutions that focus on acquiring customers and enriching the customer experience. AIgrowthHUB is bringing proprietary and third-party solutions to the marketplace that enhance the digital customer experience. The machine learning advertising audience software will increase client profitability by 30% in 30 days. AIgrowthHUB sees this as the cornerstone offering, taking advantage of a projected 1.8 trillion-dollar artificial intelligence market by the end of the decade. 

“AIgrowthHUB looks to grow through by being a part of the Xalles corporate structure, while helping the existing Xalles operating companies expand by enhancing their outreach and business development processes,” commented Joshua Harris, CEO of AIgrowthHUB Inc.

“We believe that artificial intelligence is just beginning to be implemented in a number of business processes and Xalles plans to assemble a group of companies that will support internal companies and external clients with process-changing services,” stated Thomas Nash, CEO of Xalles Holdings.

AIgrowthHUB expects to contribute approximately $7 million in revenue to the company over the next 12 months. The acquisition transaction is expected to be completed by July 31, 2022.

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 innovative technologies to provide industry-leading financial solutions, which, over time, will allow for the capture of recurring revenue streams. For more information visit: Xalles.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
www.Xalles.com
202.595.1299 Office

FAQ

What is the significance of Xalles Holdings acquiring AIgrowthHUB?

The acquisition allows Xalles to enhance its service offerings in the growing artificial intelligence sector and is expected to generate $7 million in revenue in the next year.

When will the acquisition of AIgrowthHUB by Xalles be completed?

The acquisition transaction is expected to be completed by July 31, 2022.

How much revenue is AIgrowthHUB expected to contribute to Xalles?

AIgrowthHUB is projected to contribute approximately $7 million in revenue over the next 12 months.

What market potential does AIgrowthHUB aim to tap into after the acquisition?

AIgrowthHUB aims to capitalize on the projected $1.8 trillion artificial intelligence market by the end of the decade.