Xalles Acquires Capital Innovations Management to Support Expansion of the Staffing Business Services
CIM is Expected to Contribute Approximately $4 Million in Revenue in 2023
WASHINGTON, DC, March 21, 2023 (GLOBE NEWSWIRE) — via NewMediaWire – Xalles Holdings Inc. (OTC: XALL), a fintech holding company providing technology and financial services solutions, today announced that it has executed an acquisition agreement with Texas-based Capital Innovations Management, LLC (“CIM”) to become a wholly owned subsidiary under Xalles Technology Inc.
Capital Innovations Management primarily provides domestic staffing services to clients in all vertical markets. CIM is based in the metro Houston, Texas, area. VGR Technology Partners Inc., an existing wholly owned subsidiary of Xalles and a Houston area-based company specializing in information technology staffing, will roll its domestic staffing portfolio into CIM and then be divested to focus on international staffing.
“We are excited to have CIM’s staffing capabilities added to the Xalles corporate structure to expand our inroads into the technology and healthcare markets,” stated Xalles Holdings CEO Thomas Nash. He continued, “this addition sets up new synergies between existing entities within the Xalles family and expanded external revenue capture.”
The CIM acquisition is contracted to be completed on or before March 31, 2023.
About Xalles Holdings Inc. (OTC: XALL)
Xalles Holdings Inc. is a holding company that focuses on direct investments in disruptive fintech companies. The company actively seeks acquisition targets in which it can invest and accelerate growth, targeting companies with solid management teams and business models, large total attainable markets (TAM), and lucrative exit opportunities. The company places emphasis on leveraging blockchain and other 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: Xalles.com.
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