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Xalles Holdings to Acquire LYC Mortgage

GlobeNewswire

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WASHINGTON, DC and WESTWOOD, MA, July 12, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE – Xalles Holdings Inc. (OTC: XALL), a company focusing on accelerating fintech companies, leveraging blockchain technology for financial reconciliation, and payment auditing solutions, today announces the execution of the Share Purchase Agreement to acquire LYC Mortgage, LLC, a 15 year old, multi-state licensed mortgage lender.

Under the agreement, LYC Mortgage, LLC will become a subsidiary of Xalles Financial Services Inc., which is a wholly owned subsidiary under Xalles Holdings Inc.  LYC Mortgage looks to expand its lending capabilities through the Xalles acquisition by adding scalable technology solutions to complement its existing innovative offerings.

LYC Mortgage, LLC and its DBA, BuyUSDA is a licensed retail Direct Lender for USDA, FHA and Conventional Mortgages in MA, CT, SC, TX and CA. LYC Mortgage plans to expand its business footprint into other states and increase revenue through the acquisition of other existing non-delegated mortgage companies.

As part of this acquisition, Xalles is acquiring a company in LYC Mortgage with an experienced management team, audited financial statements, the liquidity and net worth in excess of $1,000,000 necessary for delegated lender operations.  LYC Mortgage has built the infrastructure to operate as a large company, and given its Direct Lender status on Conforming, FHA and USDA mortgage products, the company can underwrite, close and fund those loans independently. As a Direct Lender, LYC Mortgage earns larger profit margins on mortgage products than the brokers or correspondent lenders will be acquiring. 

The Xalles team plans to utilize some of its fundraising for the expansion of LYC Mortgage’s footprint in terms of acquisitions and new technology. Xalles will also help to create new organic growth for LYC through its growing independent sales network.

“We are excited to be adding the professional LYC management team to the growing Xalles team,” stated Thomas Nash, Xalles Holdings CEO. He added, “Through Xalles Financial Services, we have a unique opportunity to bring innovative loan and mortgage solutions to consumers through the new LYC Mortgage subsidiary. Our other family of companies in the consumer commerce and payments areas will open up new business development and referral channels for LYC Mortgage.”

“We are pleased to be completing this transaction and see the obvious synergies between LYC’s plans and the various ways in which Xalles can assist our business,” said Richard Lee, Managing Member of LYC Mortgage. He added, “We look forward to enhancing our strong systems infrastructure through some of Xalles’ Blockchain applications and we know that the public company fundraising initiatives underway will enable LYC Mortgage to expand rapidly throughout the next year.”

As per the Share Purchase Agreement, Xalles and LYC Mortgage plan to close the acquisition transaction by August 31, 2019. Xalles will continue to look to expand its consumer and small business financial services subsidiary through organic growth and acquisitions.

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

Visit us at Investors Hangout: https://investorshangout.com/Xalles-Holdings-Inc-XALL-91200/

Investors Hangout is the only authorized investors blog page for Xalles Holdings Inc.

About LYC Mortgage, LLC

LYC Mortgage, LLC has built a strong reputation as an outstanding mortgage company, serving the lending needs of real estate professionals, builders and individual homebuyers throughout the states of MA, CT, SC, TX and CA. LYC Mortgage is a full service mortgage lender with an experienced staff offering expertise in every area of mortgage lending, from purchase to refinance. We have access to a full range of mortgage sources and all of our lending specialists are dedicated to finding the right loan – with the best rates, terms and costs-to meet our client’s unique needs. The exceptional mortgage services are also available online.

LYC Mortgage, LLC (NMLS ID #1443) www.nmlsconsumeraccess.org is an Equal Opportunity Lender and licensed as a Massachusetts Mortgage Lender/Broker License #MC1443; Connecticut Mortgage Lender License #ML-1443; Texas – SML Mortgage Banker Registration; California licensed by The Department of Business Oversight under the California Residential Mortgage Lending Act #603L253; South Carolina BFI – Mortgage Lender/Servicer License #MLS-1443.

For more information go to www.buyusda.com

Forward-Looking Statements Disclaimer:

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov and in OTC Markets at www.otcmarkets.com

CONTACT: Contact:
Investor Relations Contact:
i-Business Management, LLC
xall@i-businessmanagementllc.com
202-595-1299

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

B2B Press Releases

Stan Group Launched Buy-a-Brick to Reward Staff Members Through Revenue Sharing

Alex Marginean

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Pexels & AlexM
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An innovative staff incentive programme leveraging blockchain and real estate tokenization technology

Stan Group (Holdings) Limited (“Stan Group”) announced the launch of Buy-a-Brick, an innovative employee incentive and recognition programme that applies blockchain technology and real estate tokenization to enable Stan Group employees to generate wealth alongside Stan Group.

Committed to driving corporate innovation, Stan Group has pioneered the application of real estate tokenization to employee incentive and recognition. Buy-a-Brick is designed to motivate staff engagement in innovation, cultivate intrapreneurship and recognize staff for the efforts. Unlike other conventional revenue-sharing models, Buy-a-Brick provides employees with the opportunity to share the future capital gain of a building, without making any monetary contribution. A “Brick” is a digital token stored on the blockchain, which represents a smart contract for a selected building. By participating in Buy-a-Brick, if the property selected is sold and profit is made on the sale of that property, the brick holders will be entitled to share the profit made.

“We are thrilled to launch Buy-a-Brick for internal staff as it redefines staff appreciation. I believe every one of our staff members plays an integral role in the Group’s success and should be able to reap the reward and share the value created,” said Stan Tang, Chairman of Stan Group. “The launch of Buy-a-Brick has cemented the leading position of Stan Group in corporate innovation and entrepreneurship. Buy-a-Brick started with a dream, through matching the idea with resources within our business ecosystem, it is now a reality. I hope to ignite innovation and initiate change within and outside the Group, and shape a better future for entrepreneurs and all.”

Buy-a-Brick is the newest addition to the existing Stan Group credit system, where employees earn points with innovative business pitches, business referral, attending design thinking and other talent development workshops, etc. There are two types of points, namely Credit Point and Shared Value Point. With Credit Point, employees can redeem vouchers, hotel stay, and even an extra day off. On the other hand, the new Shared Value Points can be used to redeem a “Brick” at Buy-a-Brick.

About Stan Group

Stan Group (Holdings) Limited (“Stan Group” or “the Group”) is a leading conglomerate rooted in property with a wide array of diverse businesses. Committed to sustainable business development and social investment, the Group manages a HK$60 billion real estate portfolio in strategic partnership with the Tang Shing-bor family and operates more than 40 respected brands across five business pillars: property, hospitality, communication services, financial services and The STILE, innovative businesses with social purposes. Dedicated to innovation, collaboration, human focus and entrepreneurship, the Group’s core values empower it to achieve the vision of driving the vibrancy of society, and the mission of creating shared value (CSV) for shareholders, business partners, customers, employees and the community at large.

 

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Artificial Intelligence

Malta AIBC Summit secures largest crowd for 2019

Alex Marginean

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6000+ to attend Europe’s premier event for blockchain, AI, and emerging tech

 

Malta AI & Blockchain Summit will be Europe’s largest event for the blockchain, AI, and emerging tech sectors, it was today confirmed by events company SiGMA Group – the team behind the forward-looking business technology expo.  More than 6000 are expected to attend the show, taking place on 7th and 8th November at the Intercontinental Hotel in St Julian’s, Malta.

Many delegates will likely be attending the various conferences and workshops at AIBC Summit, which have always been extremely popular.  Headline topics will include the Future of Fintech, Business and Emerging Tech, Innovation, and of course, Regulation. Leading the discussions will be Joseph Muscat (Malta Prime Minister), Silvio Schembri (Malta Financial Services, Digital Economy and Innovation), Anthony Pompliano, AKON, Ian Balina, Matt Greenspan, Yorick Wilks, David Orban, Miko Matsumura, Grace Rachman, Tim Draper, Virgil Griffith, and Alfio Bardolla.

In addition to this enviable schedule of engaging content, the AI Start-up pitch will highlight 10 of the best Start-ups at the conference (there will be 100 or more in the Start-up village).   Each of these 10 companies will pitch their concepts and services to a panel of judges, with one set to win a business-supporting package for the year.

The AIBC Awards on 7th November will be a glittering celebration of the best of the best in the worlds of AI, blockchain, tokenisation, robotics, IoT, and more.  A charity event will wrap up the evening, with the intention of raising a 5 figure sum for the SiGMA Foundation’s global activities to help those in need.

Finally, this year’s show also adds glitz and glamour to the proceedings, courtesy of Grammy Awards-winning artist Akon, who will be delivering a keynote on the main stage about his West African AKOIN project, as well as performing at the extravagant closing night on Friday 8th November.

Eman Pulis, CEO & founder of SiGMA Group and AIBC Summit, said, “We’re so excited to bring this third edition of AIBC Summit to fruition in November.   Alongside the latest government initiatives to further establish Malta as Europe’s leading hub for technology, our wider Malta Week activity will develop the synergy between the blockchain and medical cannabis sectors, offering a profitable new direction for smart DLT investors.  It’s set to be a busy but successful week for everyone!”

– ends –

For sharing in social media, please use the handle: @AIBC Summit

Telegram: https://t.me/maltablockchainsummit

Hashtags: #AIBCsummit #BlockchainIsland

For further information, please contact: pr@maltablockchainsummit.com 

About AIBC:

Malta AI & Blockchain Summit is a bi-annual expo covering topics relating to the global sectors for blockchain, AI, Big Data, IoT, and Quantum technologies.  The event includes conferences hosted by globally renowned speakers, workshops for industry learning and discussion, an exhibit space accommodating more than 400 brands and much more.

The first Malta Blockchain Summit took place in November 2018 at the Intercontinental Hotel in St Julians, Malta, attracting 8,500 attendees from over 80 countries worldwide, with 300 sponsors and exhibitors, 200 speakers, and No. 1 AI VIP (Sophia the world’s first robot citizen). With strong support from the Maltese government, the event has quickly established itself as one of the world’s leading destinations for the growing sectors of AI, Blockchain and DLT, IoT, and other vertical industries. At the 2018 event the Maltese government introduced 3 new bills to support the growth of the sector and promoting Malta as the “Blockchain Island”.

AIBC Summit Official Channel:

https://t.me/maltablockchainsummit

 

AIBC Summit Official Group:

https://t.me/joinchat/OldghxVZWtOj_FedxyL

 

AIBC Media Group:

https://t.me/joinchat/NBq9J1Qq6rjR6aUrZohq1w

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Asia

ChainPoint 19 Conference | Connecting people, making future visible.

Alex Marginean

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Source: Nooor Blockchain Armenia
Reading Time: 2 minutes

ChainPoint 19 Conference – commenced in Yerevan, Armenia for the second time, on the 14th of October, 2019. The conference was hosted by Nooor Blockchain Armenia and suffice as the opening partner event for the Aurora Forum.

About five hundred attendees gathered in the beautiful Dvin Hall to discuss the current state of blockchain and future tech, where it is headed, and the true potential that lies within the Armenian ecosystem. Speeches by Vigen Arushanyan, President of Nooor Blockchain Armenia, Tigran Khachatryan, the Minister of Economy of the Republic of Armenia, and Noubar Afeyan, Co-Founder of Aurora Forum, opened the ceremony.

Over the fulfilled two-days-program, there were 16 presentations, 7 panel discussions and a whole lot of networking!  The key speakers included Global Crypto Leader and FinTech Leader for Asia at PwC Henri Arslanian, the Minister of Economy of the Republic of Armenia, Tigran Khachatryan, the Deputy Governor of the Central Bank of Armenia, Vakhtang Abrahamyan, the Deputy Governor of the Central Bank of Armenia, Chris Emms, the Business development manager at Bitcoin.com.

Topics of the the hottest panel discussions centered around:

  • the regulatory aspects of crypto-assets
  • Armenia as a home to future tech companies
  • investments opportunities in blockchain
  • the latest crypto trends and the rise of exchanges
  • the merging of FinTech with blockchain.

The conference was an exceptional way to converge Nooor’s international blockchain community and local enthusiasts of the technology. ChainPoint became a cornerstone of opportunity, investment, and new beginnings. Without a doubt, Armenia established itself on the world blockchain map, showcasing the untapped resources that the region can offer.

In the scope of the ChainPoint 19 Conference, we had a networking event at the Armenian General Benevolent Union (AGBU), flavoured with Henri Arslanian’s book presentation “The Future of Finance: The Impact of FinTech, AI, and Crypto on Financial Services”. In the framework of AGBU’s Bridge for CSO’s program Henri Arslanian was appointed  as the Goodwill Ambassador for Nooor Blockchain Armenia. With this there are a number of projects coming.

Additionally, during the conference we had witnessed the most outstanding speeches delivered from all the stakeholders involved in the development of blockchain in Armenia. Vakhtang Abrahamyan, the Deputy Governor of the Central Bank of Armenia, proposed his own vision towards the regulatory issues and stated that they are open to discussions and are looking at the market demand.

Parallel to the conference there was an Expo area where local and international businesses and organizations had the opportunity to present their offerings and receive feedback from the community.

One of the most noteworthy moments of the conference was the startup battle, which included a $350,000 prize fund raised by, CV VC labs, AE ventures, SmartGateVC, x10 Agency, ECOS and InnMind. The Prizes were granted to four lucky startups: CoinStats – the official portfolio tracking app of ChainPoint, To the Moon, Creatr and GeBeCert/SmartCheck.

ChainPoint 19 Conference is officially a part of the history now. See you at ChainPoint 2020 and let’s #thinkthefuture together!

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