- Fintech holding company providing technology and financial services solutions, Xalles ( OTCPK:XALL ) will acquire Private Loyalty Club in a share exchange agreement.
- Private Loyalty Club or PLC will become a wholly owned subsidiary of Xalles Financial Services which is a wholly owned subsidiary of the company.
- “PLC looks to leverage the payment and membership technology from Xalles and the market footprint of the Global Savings Network to grow our premium club programs. As we enhance revenue growth and profit margin improvements through our new market approaches and new technologies, we will position ourselves to launch new clubs on the same business model foundation”, described Bryce Brewer, CEO of Private Loyalty Club.
- Stock drops 18% during pre-market
For further details see:
Xalles tumbles 18%, acquires Private Loyalty Club