XCPCNL Business Services Successfully Completes Reverse Merger Acquisition Agreements with Centiment Capital Holdings
XCPCNL Business Services Corporation (OTC Pink: XCPL) has completed the acquisition of two subsidiaries from Centiment Capital Holdings: Advanced Research Machines LLC and Xerxes Trading Holdings LLC. These acquisitions are significant as Advanced Research Machines develops the mantis crypto trading technology and owns Centiment.io, while Xerxes provides multi-asset class trading technology. CEO Tim Matthews will oversee the integration, marking a pivotal moment for the company and its shareholders.
- Acquisition of Advanced Research Machines and Xerxes Trading Holdings expands XCPL's technology portfolio.
- Integration of advanced trading technologies may enhance market competitiveness and revenue potential.
- Integration challenges could arise from merging two distinct business models.
- The financial impact of the acquisitions on XCPL's balance sheet is not detailed, posing potential risks.
Charlotte, North Carolina, Sept. 01, 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 successfully completed the previously announced acquisition agreements pursuant to which the Company acquired two operating subsidiaries of Centiment Capital Holdings, Advanced Research Machines LLC and Xerxes Trading Holdings LLC.
Advanced Research Machines is the company behind the mantis crypto trading technology and owns Centiment.io. Xerxes is a multi-asset class trading technology and will compliment ARM’s High Frequency Trading Platform.
Current XCPL CEO Tim Matthews will oversee the integration of the Advanced Research Machines and Xerxes Trading Holdings business into the Company’s operating platform.
“Completing these acquisitions marks a major milestone and achievement for our company and shareholders. I am not only honored to be working with Micah Brown, CEO of the acquired enterprises, but also JoJo Brim and Leah Daniels-Butler, who are working diligently within our M & A strategy,” said Mr. 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 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
FAQ
What subsidiaries did XCPL acquire from Centiment Capital Holdings?
What technologies are associated with Advanced Research Machines?
Who is overseeing the integration of the newly acquired businesses?
How might these acquisitions impact XCPL's market position?
