X3 Holdings Enters High-Growth Digital Game Market with Strategic Acquisition

Rhea-AI Summary

X3 Holdings Co., (Nasdaq: XTKG) is set to acquire Xpic Games Co., , marking its entry into the high-growth digital game market. This strategic move aligns with X3 Holdings' goal to expand in the rapidly growing game service industry. Xpic Games brings expertise in game design, development, publishing, and services for both mobile and PC platforms.

The acquisition will leverage Xpic Games' AI-integrated development and operations platform, enabling efficient creation of quality games across various genres. Xpic Games has established partnerships with leading publishing and distribution channels in key markets, providing access to diverse gamer communities. Their integrated business model demonstrates adaptability to market trends using AI and data-driven strategies.

X3 Holdings' CEO, Stewart Lor, expects this acquisition to accelerate expansion into digital entertainment, projecting net profits to exceed $5 million within two years.

Positive

• Strategic entry into the high-growth digital game market
• Acquisition of Xpic Games brings expertise in game design, development, and publishing
• Access to AI-integrated development and operations platform for efficient game creation
• Established partnerships with leading publishing and distribution channels
• Projected net profits expected to exceed $5 million within two years

Negative

• None.

SINGAPORE, Sept. 26, 2024 /PRNewswire/ -- X3 Holdings Co., Ltd. (Nasdaq: XTKG) ("X3 Holdings" or the "Company"), a global provider of digital solutions and technology services across diverse industries, is pleased to announce that the Company is in the process of acquiring Xpic Games Co., Ltd. ("Xpic Games"), an innovative game development and service company, marking a significant move into the high-growth game service industry. This acquisition reflects the Company's commitment to tapping into one of the fastest-growing sectors in entertainment.

Xpic Games is led by a highly experienced team with a proven track record of producing popular and engaging titles for both mobile and PC platforms. Xpic Games' expertise spans game design and development, as well as publishing and game services, enabling the efficient development and launch of popular titles that resonate with global gamer communities.

This acquisition offers X3 Holdings a valuable opportunity to leverage Xpic Games' capabilities and expand the Company's presence in digital game entertainment, accelerating growth in this dynamic market. Xpic Games' proprietary AI-integrated development and operations platform further enhances the efficient creation of top-quality games across various genres.

Xpic Games has established strategic partnerships with leading publishing and distribution channels in key target markets, providing broad access to diverse gamer communities. Its integrated business model, encompassing design, development, publishing, and other services, has demonstrated an exceptional ability to monitor market trends and adapt swiftly, utilizing advanced AI and data-driven strategies to optimize game launches and achieve profitability.

This acquisition is particularly timely, as global interest in digital gaming experiences continues to rise, fueled by the recent surge in popularity of titles such as Black Myth: Wukong.

Stewart Lor, CEO of X3 Holdings, commented, "This acquisition allows X3 Holdings to tap into the expertise of an innovative team in mobile and PC games. We believe this move will accelerate our expansion into digital entertainment and is poised to drive substantial growth for the Company, with projected net profits expected to exceed $5 million within the next two years."

About X3 Holdings
X3 Holdings Co., Ltd. (Nasdaq: XTKG) is a global provider of digital solutions and technology services spanning diverse industries. The Company is operating across diversified business segments in digital technologies, cryptomining operations, renewable energy and agriculture technologies. X3 Holdings is headquartered in Singapore with subsidiaries and operations globally. For additional information, please visit www.x3holdings.com.

Safe Harbor Statement
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements; specifically, the Company's statements regarding listing on the NASDAQ Capital Market and the IPO are forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in the markets that the Company operates and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

Corporate Investor Relations
X3 Holdings Co., Ltd.
Email: ir@x3holdings.com
Website: www.x3holdings.com

View original content:https://www.prnewswire.com/news-releases/x3-holdings-enters-high-growth-digital-game-market-with-strategic-acquisition-302259806.html

SOURCE X3 Holdings Co., Ltd.

FAQ

What company is X3 Holdings (XTKG) acquiring in the digital game market?

X3 Holdings (XTKG) is acquiring Xpic Games Co., , an innovative game development and service company.

How will the acquisition of Xpic Games benefit X3 Holdings (XTKG)?

The acquisition will allow X3 Holdings to enter the high-growth digital game market, leverage Xpic Games' expertise and AI-integrated platform, and accelerate expansion into digital entertainment.

What are the projected financial benefits for X3 Holdings (XTKG) from this acquisition?

X3 Holdings projects net profits to exceed $5 million within the next two years as a result of this acquisition.

What capabilities does Xpic Games bring to X3 Holdings (XTKG)?

Xpic Games brings expertise in game design, development, publishing, and services for both mobile and PC platforms, as well as an AI-integrated development and operations platform.