Asset Entities Inc. (“Asset Entities”
or the “Company”) (NASDAQ: ASST), a provider of digital
marketing and content delivery services across Discord and other
social media platforms, today announced it has acquired all of the
assets of Ternary Inc., a cloud-based subscription management
solution for Discord communities and Stripe-verified payment
processor, and OptionsSwing Inc., an investment research and
analysis education service.
The acquisitions are intended to add new Discord
and social media customers to Asset Entities, expand the Company’s
platform, and, via Ternary, provide a Stripe-verified,
state-of-the-art payment processing SaaS platform to Asset
Entities’ AE.360.DDM suite of services for Discord communities and
beyond.
The acquisitions are accretive and add valuable
management team members, including Jason Lee, who is the Founder
and CEO of both Ternary and OptionsSwing, who was a member of the
2021 Forbes Next 1000 list of leading young entrepreneurs, and was
recognized as a Salesforce Alumni, the company’s elite group of
former employees honored for outstanding professional
accomplishments.
Mr. Lee has over a decade of top-level tech
experience and is widely recognized for his strategic leadership
and entrepreneurial skills, driving growth at the forefront of
technology and education. Mr. Lee launched Ternary in 2020 as its
CEO. He successfully identified key missing technology
that creators and communities needed to scale their
businesses. According to Mr. Lee, in the first three years under
his leadership, Ternary has processed over $10 million in total
revenues (unaudited) on behalf of customers, processed over 130,000
successful transactions, and served over 120 different brands,
businesses, and customers.
In 2019, Mr. Lee founded and launched
OptionsSwing and, as CEO, scaled it from zero revenue to $1.7
million in recurring revenue (unaudited) in the company’s first 18
months. Since its launch, OptionsSwing has generated over $5
million in total revenue (unaudited). Mr. Lee built an innovative
team and led the design, development, and launch of three separate
FinEd products, received the GFEL Excellence in Education Award,
earned a place on the Forbes Next 1000 list, all while building a
company that has created a significant Instagram account with over
425,000 followers.
In connection with the transaction and pursuant
to the Asset Purchase Agreement, Asset Entities has acquired all of
the assets of Ternary and OptionsSwing which includes, but is not
limited to, all customer accounts, intellectual property, software
platforms, and revenue streams. Asset Entities has also secured
multi-year employment agreements and stock award agreements for Mr.
Lee and his team as part of the acquisition. The employees are Mr.
Lee; Roberto Infante, a Co-Founder and Chief Technical Officer
(CTO) at Ternary; Janet Hung, a Co-Founder and COO of both Ternary
and OptionsSwing; and Daniel Montoya, Head of Sales at Ternary.
Today, November 15, 2023, Mr. Lee assumes the
role of CTO for Asset Entities, Janet Hung will become the
Company’s Director of Customer Relations, Mr. Infante will become a
Senior Software Developer, and Mr. Montoya will become a Senior
Sales Director. Each of these employees will work to maximize the
integration of Ternary and OptionsSwing into Asset Entities.
From 2014 to 2020, Jason Lee played a
significant role at Salesforce, where he progressed to the position
of Lead Solution Engineer supporting some of the world's largest
enterprise brands and received several Salesforce certifications,
underscoring his expertise in customer relationship management
technologies (CRM). These certifications include Salesforce
Certified Service Cloud Consultant (2019), Salesforce Certified
Platform App Builder (2016), Salesforce Certified Advanced
Administrator (2016), and Salesforce Certified Administrator
(2015). His inclusion as a Salesforce Alumni in 2021 was recognized
in a company Alumni Network Spotlight that can be read at:
https://www.salesforce.com/company/careers/alumni/august-alumni-spotlight-2021/
Jason Lee, Asset Entities’ new Chief Technology
Officer (NASDAQ: ASST).Mr. Lee presenting on behalf of Salesforce
at the Dreamforce Conference in 2015.
For the two years prior to joining Salesforce,
Mr. Lee was a Technical Solutions Professional and Tech Analyst at
AvePoint, where he performed a diverse range of duties for inside
and enterprise sales groups. He graduated from Syracuse University
in 2011 with a Bachelor of Arts.
“The acquisitions of both Ternary and
OptionsSwing are a perfect match with the Asset Entities Team,”
commented Arshia Sarkhani, Asset Entities’ Chief Executive Officer.
“These acquisitions are a tremendous opportunity for the future of
Asset Entities and digital marketing and content delivery services
as a whole, allowing creators to manage their businesses
end-to-end. With the addition of Jason Lee and his team, our
overall business operations will be strengthened, with increased
marketing awareness and further expansion as well as additional
recurring revenue,” said Mr. Sarkhani.
Jason Lee stated, “I am excited to be moving to
Dallas, Texas to join the Asset Entities Team. During the
pre-acquisition stage, due diligence period, and extensive
interview process, I was able to meet the management team and spend
a significant amount with them at their headquarters in Dallas. The
office environment and atmosphere were incredible, and the team
chemistry was undeniable.” Mr. Lee went on to say, “we are very
excited about the future and the synergies our businesses have with
Asset Entities.”
Jason Lee was in the news on October 20, 2023,
regarding Ternary which also noted he would be a VIP speaker and
Moderator at the Benzinga FinTech Deal Day Conference in New York
City which took place on Monday, November 13, 2023. Mr. Lee
presented and participated in the conference on Monday in New
York.
Jason Lee: How Ternary Is Paving The Way For Web
2.0 Companies To Dive Into The Web 3.0 Revolution - Benzinga
Asset Entities is also pleased to announce,
effective November 10, 2023, that Kyle Fairbanks, Board Member and
Executive Vice Chairman of Asset Entities, has taken over the role
of Chief Marketing Officer for Jackson Fairbanks. With Jackson
Fairbanks’ significant social media presence, he has been named
Director of Socials and will be working with the marketing
team.
To learn about Asset Entities’ Ternary
Stripe-verified, state-of-the-art payment processing SaaS platform,
go to www.ternarydev.com.
To learn about the AE.360.DDM suite of services,
go to ae360ddm.com or https://discord.gg/ae360ddm.
About Asset Entities, Inc.
Asset Entities Inc. is a technology company
providing social media marketing, management, and content delivery
across Discord, TikTok, Instagram, Twitter, YouTube, and other
social media platforms. Asset Entities is believed to be the first
publicly traded Company based on the Discord platform, where it
hosts some of Discord’s largest social community-based education
and entertainment servers. The Company’s AE.360.DDM suite of
services is believed to be the first of its kind for the Design,
Development, and Management of Discord community servers. Asset
Entities’ initial AE.360.DDM customers have included businesses and
celebrities. The Company’s Social Influencer Network (SiN) service
offers white-label marketing, content creation, content management,
TikTok promotions, and TikTok consulting to clients in all
industries and markets. The Company’s SiN influencers can increase
the social media reach of client Discord servers and drives traffic
to their businesses. Learn more at assetentities.com, and
follow the Company on Twitter at $ASST and @assetentities.
About Ternary Inc.
Ternary Inc. is a state-of-art Stripe-verified
payment processor and a business-to-business Software-as-a-Service
(B2B SaaS) solution enabling website owners and Discord server
administrators to streamline their integration process, save time
on managing their communities, and manage their business
end-to-end. The company, which has served over 120 customers to
date, was founded by Jason Lee, Roberto Infante, and Janet Hung in
2020.
About OptionsSwing Inc.
OptionsSwing Inc. is a fast growing and large
private educational options trading community with over 2,100
subscribed members. The company delivers content and services that
help traders of all skill levels become as informed as traders on
Wall Street, all from the comfort of their own home. The company
was founded by Jason Lee, Jose Infante, and Janet Hung in 2019.
Important Cautions Regarding
Forward-Looking Statements
This press release contains forward-looking
statements. In addition, from time to time, representatives of the
Company may make forward-looking statements orally or in writing.
These forward-looking statements are based on expectations and
projections about future events, which are derived from the
information currently available to the Company. Such
forward-looking statements relate to future events or the Company’s
future performance, including its financial performance and
projections, growth in revenue and earnings, and business prospects
and opportunities. Forward-looking statements can be identified by
those statement that are not historical in nature, particularly
those that use terminology such as “may,” “should,” “expects,”
“anticipates,” “contemplates,” “estimates,” “believes,” “plans,”
“projected,” “predicts,” “potential,” or “hopes” or the negative of
these or similar terms. In evaluating these forward-looking
statements, you should consider various factors including those
that are described in the section titled “Risk Factors” in the
Company’s periodic reports which are filed with the Securities and
Exchange Commission. These and other factors may cause the
Company’s actual results to differ materially from any
forward-looking statement. Forward-looking statements are only
predictions. The forward-looking statements contained in this press
release are made as of the date of this press release, and the
Company does not undertake any responsibility to update the
forward-looking statements in this release, except in accordance
with applicable law.
Company Contacts:
Arshia Sarkhani, President and Chief Executive OfficerMichael
Gaubert, Executive ChairmanAsset Entities Inc.Tel +1 (214)
459-3117 Email Contact
Investor Contact:Skyline Corporate Communications Group,
LLCScott Powell, PresidentOne Rockefeller Plaza, 11th FloorNew
York, NY 10020Office: (646) 893-5835Email: info@skylineccg.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/363cd684-c322-4341-ae53-6904d959c762
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