Full Alliance Group, Inc. Enters Acquires Mexican Fintech and Custom Software Developer Kelevra Digital Solutions, S
April 05 2018 - 11:00AM
InvestorsHub NewsWire
Full
Alliance Group, Inc. Enters Agreement to Acquire Mexican Fintech
and Custom Software Developer Kelevra Digital Solutions, S.A. de
C.V.
Los Angeles, CA -- April 5, 2018 -- InvestorsHub NewsWire
-- Full Alliance Group, Inc. (OTCPK:
FAGI), a holding company, is pleased to announce that the
Company has entered into an Agreement to acquire Kelevra Digital
Solutions, S.A. de C.V. (“Kelevra”), a Mexico City-based custom
software technology developer.
Kelevra’s management team and experienced
programmers/developers have conducted extensive operations within
Mexico and have completed numerous custom software development
projects for a diverse and growing client list which includes
several multi-national corporations.
Full Alliance Group executives are very excited about the
acquisition of these valuable assets, their growth potential, and
their considerable synergies with other Full Alliance Group
companies, particularly Kelevra’s experience and success within the
financial technologies (fintech) sector.
Under terms of the Agreement, Full Alliance Group may acquire up to
99% of Kelevra, including substantially all operations,
technologies, and intellectual properties, in exchange for a
combination of cash and stock. Upon completion of the
proposed acquisition, Kelevra will operate as a subsidiary of the
Company. The proposed acquisition is subject to customary
conditions such as satisfactory completion of due diligence and
regulatory approvals expected to take 60 days or
less.
Full Alliance Group anticipates making several
further announcements regarding the Kelevra acquisition as the
current due diligence process moves forward.
Sincerely,
Jacob Thomas
Chairman / CEO
Contact
InvestorRelations@FullAlliance.com
About Full Alliance Group
Inc.
Full Alliance Group Inc. (USOTC:FAGI)
is a multi-faceted holding company with varied interests in banking
and point-of-sale (POS) technology, financial services, real
estate, and nutraceuticals. Full Alliance Group provides
investment capital, modern business practices, and best-in-class
management to assist growing companies to reach their greatest
potential.
FORWARD-LOOKING
STATEMENTS
This shareholder update may contain a number of
forward-looking statements. Words and variations of words such as:
"expect", "goals", "could", "plans", "believe", "continue", "may",
"will" and similar expressions are intended to identify our
forward-looking statements, including but not limited to: our
expectation for growth, benefits from brand-building, cost savings
and margins. These forward-looking statements are subject to a
number of risks and uncertainties, many of which are beyond our
control, which could cause our actual results to differ materially
from those indicated in our forward-looking statements. Such
factors include, but are not limited to: continued volatility of,
and sharp increase in: costs/pricing actions, increased
competition, risks from operating internationally, consumer
weakness, weakness in economic conditions and tax law
changes.
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