Xalles Holdings Inc. (OTC: XALL), a fintech holding company providing technology and financial services solutions, today announced its execution of a share purchase agreement to acquire 100% of Intel365, Inc., a Georgia based innovative background screening services company. Under the agreement, Xalles Technology Inc., a wholly owned subsidiary of Xalles Holdings Inc., will acquire all of the common shares of Intel365, Inc. Intel365 is based in Cumming, Georgia, part of the metropolitan Atlanta area, with a vision to provide technology and services in the areas of corporate intelligence, employment screening and technology due diligence. “The Intel365 acquisition for Xalles is very strategic and timely. Even though the discussions for this deal began months ago before most people had ever heard of Covid-19, the pandemic has created unprecedented global unemployment in recent weeks,” Xalles Holdings CEO Thomas Nash said in the news release. “Since early March over 30 million American workers, representing roughly 18.6% of the US labor force, will inevitably be seeking reemployment. As companies start to look ahead to rehiring, new hiring, mergers and acquisitions, and new business partnerships, we undoubtedly believe services like Intel365’s background screening and corporate intelligence software, will be one of the most in-demand services in this country.”
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About Xalles Holdings Inc. (OTC: XALL)
Xalles Holdings Inc. is a holding company that focuses on acquisition and support of disruptive fintech companies. The company actively seeks targets in which it can partner with or acquire to accelerate growth, targeting companies with solid management teams and business models, large total attainable markets (“TAM”), and lucrative exit opportunities. The company places an emphasis on leveraging blockchain technologies to provide industry-leading financial reconciliation and auditing solutions, which, over time, will allow for the capture of recurring revenue streams. For more information visit: http://Xalles.com.
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