XCPCNL Business Services Announces Signing of Reverse Merger Acquisition Agreements with Centiment Capital Holdings
XCPCNL Business Services Corporation (OTC Pink: XCPL) has announced agreements to acquire two subsidiaries of Centiment Capital Holdings, including Advanced Research Machines LLC and Xerxes Trading Holdings LLC. The transaction is structured as a 'reverse merger' and aims to enhance XCPL's trading technology capabilities. The acquisitions are expected to close by the end of August 2022, with no known impediments to finalization. Micah Brown, CEO of Centiment, will join the XCPL Board post-acquisition.
- The acquisition bolsters XCPL's trading technology with Advanced Research Machines' Mantis Crypto and Xerxes' multi-asset trading technology.
- Strategic establishment of combined operations in Charlotte, NC, potentially increasing operational efficiency.
- None.
Charlotte, North Carolina, Aug. 16, 2022 (GLOBE NEWSWIRE) -- XCPCNL Business Services Corporation (OTC Pink: XCPL), a venture development business that leverages knowledge, skill, and experience in the consumer products industry, and Centiment Capital Holdings, a privately-held neurodata technology company, today announced that the two companies have signed acquisition agreements, whereby the Company will acquire two operating subsidiaries of Centiment Capital Holdings, Advanced Research Machines LLC (ARM) and Xerxes Trading Holdings LLC (Xerxes). The acquisitions will be accounted for as “reverse mergers.”
ARM is the company behind the Mantis Crypto trading technology and owns Centiment.io. Xerxes is a multi-asset class trading technology and will compliment ARMs High Frequency Trading Platform. The Office for the combined enterprise will be established in Charlotte, NC at Industrious NODA.
The acquisition transactions are expected to close prior to the end of August 2022, and the Company is not aware of any impediments to closing.
“I am excited to join with Tim Matthews to lead the company as it enters its next stage of evolution. I am confident that we have to opportunity to grow our presence in multiple verticals and continue to build shareholder value,” said Micah Brown, current CEO of Centiment who is to join the Board of the Company after the acquisition transactions close.
XCPCNL Business Services Corporation (OTC Pink: XCPL) encourages shareholders to visit their corporate Twitter account at https://twitter.com/RealXCPCNL.
Forward-Looking Statements Disclaimer:
This press release may include, and oral statements made from time to time by representatives of the Company may include, "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. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release, are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filing with the Over the Counter Market (“OTC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
About XCPCNL:
Charlotte, NC-based XCPCNL Business Services is a venture development business that leverages its knowledge, skills, and experience in the consumer products industry. Our primary mission is to provide marketing, technology, and other business services to fast-growing consumer product companies and big-box retailers. XCPCNL is a minority-owned and controlled firm. To learn more about our businesses, services, and opportunities, please contact: info@xcpcnl.com.
To learn more about XPCNL, visit www.xcpcnl.com
For Inquiries:
Email: ir@xcpcnl.com
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