XCPCNL Business Services Corporation Enters Into Joint Venture with Securetsys LLC

Rhea-AI Summary

XCPCNL Business Services Corporation (OTC Pink: XCPL) announced the signing of a Joint Venture Agreement with Securetsys LLC to establish 'Mindshare Entertainment Africa.' This venture aims to create, distribute, and market products in the Metaverse, NFTs, and music across East Africa, targeting a consumer base of 150 million. The partnership seeks to leverage the growing NFT market, particularly in Uganda and Kenya, amidst rising interest in NFTs in Nigeria, where 13.7% of internet users currently own one. The company's long-term goal includes expanding to over 1 billion consumers across Africa.

Positive

• Joint Venture with Securetsys LLC to create 'Mindshare Entertainment Africa'.
• Targeting 150 million consumers in East Africa for Metaverse and NFT products.
• Growing NFT interest in East Africa, particularly Nigeria.

Negative

• None.

Charlotte, North Carolina, May 09, 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, is pleased to announce that a Joint Venture Agreement has been successfully executed between the Company and Securetsys LLC.

Under this joint venture, both parties will be equal partners in establishing "Mindshare Entertainment Africa," an entity to create, distribute, and market the Metaverse, NFTs and music in East Africa.

Securetsys LLC will work to leverage teams in Uganda and Kenya to market and develop sales channels for consumer products created by XCPCNL. They will also be working on fostering East African partnerships to gain market penetration within 150,000,000 consumers. The Company's goal is to expand its reach to all of Africa, with over 1 billion consumers.

While the NFT market has seen tremendous growth in the states and abroad, the East African markets remain relatively untapped. Studies in Nigeria have shown that the country is expected to have the most significant growth in NFT adoption within lower- and upper-income households.

According to new research from Finder.com, 13.7% of Nigerian Internet users currently own a non-fungible token (NFT).  Finder polled over 28,000 people in an online survey across 20 countries to compare NFT ownership, which also revealed that an additional 21.7% of users said they plan to acquire some.

“From the land to the people, culture, music and art, Africa seemed to be a unique and ideal place to introduce Mindshare Entertainment Africa.  I am delighted to be working with Securetsys on this endeavor and look forward to much success!” said CEO Tim Matthews.

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 have, "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 our management team or us, identify forward-looking statements.  Such forward-looking statements are based on management's beliefs, 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 forward-looking oral statements attributable to persons or us 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

FAQ

What is the purpose of the Joint Venture Agreement between XCPCNL and Securetsys LLC?

The Joint Venture aims to establish 'Mindshare Entertainment Africa' for creating, distributing, and marketing Metaverse and NFT products in East Africa.

Which markets will XCPCNL target through this Joint Venture?

XCPCNL will target East Africa, focusing on countries like Uganda and Kenya, aiming to reach approximately 150 million consumers.

What is the significance of the NFT market in Nigeria according to the press release?

The press release highlights that 13.7% of Nigerian internet users currently own NFTs, indicating significant growth potential in the region.

What is XCPCNL's long-term goal with this venture?

XCPCNL aims to expand its reach to over 1 billion consumers across Africa through its initiatives in the NFT and Metaverse sectors.