Exxe Group, Inc. (OTC Pink: AXXA) operates as a diversified holding company with focus on real estate, technology, media, telecom, and financial services. Shares of the conglomerate are surging 70%, through afternoon trading on Wednesday, July 25, 2018. Over the past month Exxe Group has seen average daily volume of 3.47 million shares. However, volume of 32.47 million shares or dollar volume of $269,501, has already exchanged hands through afternoon trading.
Shares of Exxe Group, Inc. are jumping on Wednesday, after the company announced it has completed the acquisition of a 50,000 sq. ft. high-tech storage facility in Switzerland. The company plans to construct a 100,000 sq. ft. high-tech tower at the location, which will serve as the company’s new “USB Universal Storage Box Solution for Physical and Digital Assets.” Using software, the company plans to allow third parties to essentially issue digital products that will be backed by assets that are stored in the storage facility. Here is the full press release detailing of the acquisition:
Exxe Group, Inc. (OTC Pink: AXXA) Press Release:
New York, NY, July 25, 2018 (GLOBE NEWSWIRE) — Exxe Group (OTC PINK: AXXA), is pleased to announce the completion of the acquisition through its subsidiary of a 50,000 square foot storage facility that once completed will host a 100,000 square foot High Tech Center located in Switzerland, halfway between Zurich and Basel. The Center will serve as the hub of its new USB Universal Storage Box Solution for Physical and Digital Assets. At this property, Exxe Group will have secure, climate-controlled storage facilities for safely storing high value assets such as gems, precious metals, art, and other high value objects, on behalf of third parties or the corporation itself, and will also build a server farm that will host proprietary software enabling the digitization of these high value assets. This software, developed by Exxe Group’s subsidiary tech company, hosted at the new Swiss facility, will allow third parties to be able to issue alternative asset classes and digitized products backed by the assets stored at this facility, or ultimately, other physical and digital storage properties that may be developed and/or acquired by Exxe Group at a future date. The software that Exxe Group will be running out of the facility can be used to create, syndicate, and manage digitized assets for third parties, as well as broker such products on behalf of Exxe Group or on behalf of third parties.
Dr. Nazmiev, director and acting CEO of Exxe Group, commented, “Given the high interest in digitized assets and alternative currencies, we are excited to offer an integrated solution that bridges our core competencies of real estate and technology, to offer a streamlined solution for managing assets in both the physical and digital worlds.”
About Exxe Group:
Exxe Group is a diversified corporation focusing on acquisitions in real estate, technology media, telecom and financial services. We are an acquisition-driven company. Our strategy is to acquire controlling equity interests in undervalued companies and then take an active role in improving their performance – accelerating their growth by providing them with both access to capital and to management expertise.
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, uncertainties 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.