WASHINGTON, DC, May 22, 2018 (GLOBE NEWSWIRE) -- Xalles Holdings Inc. (OTC: XALL), a company focusing on accelerating fintech companies, leveraging blockchain technology for financial reconciliation, and payment auditing solutions, today announces a significant reduction in the number of outstanding and free trading shares of common stock.
Xalles has recently retired 27,000,000 free trading shares, which reduces the free trading float from 53,800,000 shares to 26,800,000 shares, resulting in a 50.19% reduction. This also results in a corresponding reduction in the total number of outstanding common shares from 79,520,000 to 52,520,000.
Information about these reductions on OTC Markets will be reported directly through the transfer agent in the coming days. These recent steps taken are part of Xalles’ promise to increase shareholder value by reducing the number of outstanding shares. This work began last month when Xalles announced on April 25, 2018 that it had reduced the number of outstanding common shares by 180,000,000.
Xalles Holdings will continue to work and build its shareholder value, an effective management team and acquire strategic assets.
About Xalles Holdings Inc. (OTC: XALL)
Xalles Holdings Inc. is a holdings company that focuses on direct investments in disruptive fintech companies. The company actively seeks acquisition targets with solid management teams and business models, large total attainable markets (TAM), and lucrative exit opportunities to invest and accelerate growth in. Recently, the company has placed emphasis on leveraging blockchain technologies to provide industry-leading financial reconciliation and auditing solutions, which will allow for the capture of recurring revenue streams over time. For more information visit: http://xalles.com
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