2023-04-12 09:39:25 ET
- Xcelerate ( OTCQB:XCRT ) agrees to acquire a controlling interest in ESN Group, Inc. and its' portfolio of health care and skin care products.
- The pact calls for payment of $350K cash, the issuance of restricted Xcelerate stock, assumption of debt and employment agreements for key staff.
- The move will realize an immediate, ongoing revenue stream and, together with the management team from ESN and other significant partners, will initiate a program to expand its product offering to mass merchant outlets and government agencies.
- The deal is expected to close no later than June 30, 2023.
For further details see:
Xcelerate agrees to acquire a controlling interest in ESN, Inc.