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Xalles Holdings Inc. (XALL) Acquires Gateway Innovations, Leading Fintech and IT Company Building High Impact Tech Parks in Africa

  • Gateway Innovations Limited’s first project, the $200 million Ghana Cyber City, is set to become West Africa’s premier hub of innovation
  • The acquisition brings Xalles Holdings one step closer to its goal of establishing a series of strategic global fintech centers
  • Xalles aims to sustain profitability through revenue growth and continued vigilant expense management techniques in 2020

Xalles Holdings Inc. (OTC: XALL), one of the first providers of payment and financial transaction management solutions through proprietary blockchain-based technology, announced it has executed an agreement for the acquisition of Gateway Innovations Limited. This company, which is based in Accra, Ghana, is a major investor in Africa’s fintech and IT market, according to a Xalles Holdings press release (http://ccw.fm/c9CjD).

Under the agreement, Gateway will become a wholly owned subsidiary of Xalles. The closing date is February 14, 2020. Gateway will receive restricted shares in Xalles in…

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NOTE TO INVESTORS: The latest news and updates relating to XALL are available in the company’s newsroom at http://ccw.fm/XALL

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