NEW YORK, NY/ACCESSWIRE/July 11, 2022/Accelerated Technologies Holding Corporation. (the “Company” or “Accelerated”) (OTC PINK: ATHC). ATHC is a FinTech holding company that provides business services to SMEs and owns and operates disruptive technology products in the areas of artificial intelligence, alternative short-term finance platforms, e-payment solutions, escrow social, health and wellness solutions, is pleased to update shareholders in a statement from new chief financial officer and co-chairman of the board, Damiano Coraci.
As a priority, Accelerated Technologies Holding Corporation will begin internal audits to accommodate ATHC’s NASDAQ listing efforts. Additionally, in preparation, ATHC will immediately modify and implement internal procedures, establish a performance-based compensation committee and explore favorable financing options, while broadening its outlook on potential acquisition targets.
The Company is considering an injection of $20 million to execute its initial strategy. As the Company evolves, additional capital will be required. ATHC intends to meet financing needs with minimal dilution in its efforts to create shareholder value.
ATHC has experienced significant delays due to Covid and the current circumstances in Ukraine which are hampering the company’s development efforts. The ongoing Russian-Ukrainian war will delay any consideration of executing the company’s contemplated acquisition. The New York-based food and beverage distributor mainly imports products from Russia and Ukraine. ATHC will immediately begin campaigning for alternative targets,” said Damiano Coraci, CFO and Co-Chair. “To create shareholder value while mitigating dilution, ATHC will take requests from existing shareholders first. Plus, we’ll explore traditional financing options, including Reg A, debentures, and secondary offerings. The described plan will be available for consultation within 10 days.
“While the contemplated acquisition would bring considerable value to shareholders, ATHC is not prepared to take the political risk inherent in the Russian-Ukrainian region. When the existing conflict is settled, we will return to the acquisition of the company. Accelerated Technologies will aggressively pursue strategic U.S.-based acquisition targets that meet our revenue needs and customers compatible with ATHC’s initiatives Mr. Damiano enables ATHC to explore service providers from payroll and accounting as targets,” said Harry Falkenberg, CEO and Chairman of Accelerated Technologies. “The planned increase of $20 million to accelerate its initiatives, propel its developments and aggressively launch its technologies.”
ATHC will continue to expand its team and service providers and concludes negotiations with legal experts specializing in securities law, technology veterans, payment industry icons and investor relations specialists . Once completed, further information will be provided.
For additional updates, inquiries and direct messages to THAC:
E-mail: [email protected]
About Accelerated Technologies Holding Corporation (OTC PINK:ATHC)
Accelerated Technologies Holding Corporation (OTC PINK:ATHC) is a publicly traded holding company. Through ATHC’s brands and affiliates, it provides business services to SMBs and is a full-service, end-to-end business technology and solutions company specializing in cloud-based disruptive technologies. ATHC provides enterprise-level consulting and technology services and operates disruptive technology products in the areas of artificial intelligence, alternative short-term finance platforms, e-payment solutions, online payment solutions cryptocurrency, social engagement, health and wellness solutions, corporate finance and AI. driven marketing platforms. ATHC’s expertise lies in Consumer Internet, Cloud Computing and Software as a Service (SaaS), Mobile Software and Services, Software-Powered Consumer Electronics, Infrastructure Software and applications, networks, storage, databases and other back-end systems. ATHC’s infrastructure can accommodate most industries, from small local businesses to national conglomerates.
ATHC brands and technologies for local businesses
About ROMPOS: RETAIL – ONLINE – MOBILE – PROCESS – OPTIMIZATION – SOLUTION
ROMPOS, an exemplary all-in-one solution automates and digitizes workflows intended to enable small businesses to increase efficiency, quality control, customer satisfaction, brand recognition and maximize results. ROMPOS has been tested in fast-paced, fast-service environments and is capable of accommodating small businesses in retail, online, and mobile environments. ROMPOS Command Center provides management and staff with all-in-one access and controls over inventories, sales, personnel management, analytics, payments, working capital, micro-targeted marketing, online sales, online and gamification. The deployment of ROMPOS has started.
For ROMPOS, we intend to sign a significant number of strategic resellers. We will engage business service providers with portfolios primarily in the areas of payment processing, alternative lending,
KashOnDemand, provides small businesses with access to sustainable financing 24/7. Ai-driven underwriting with Bi collected via ROMPOS will allow merchants to fund purchase orders, receivables, expansion and refinance alternative debt at attractive rates. The micro-finance product bridges the necessary gap between traditional banking inefficiencies and the draconian rates merchants pay for merchant cash advances. Nationwide business owners will dynamically pre-qualify for funding and be funded within one hour during bank hours. The ATHC technical team is currently working on version 2 and intends to offer 24/7 funding through the use of cryptocurrencies and exchanges. Version 1 is expected to launch in the first quarter of 2022.
Shield Most is a health, wellness and media platform. A public safety solution that provides local, remote, single-channel and multi-channel technologies for automated and manned temperature control, surveillance, access control in a convenient and safe manner. As we expand our market share, Shield Most intends to launch a multimedia platform for its IOS and Android tablets. The Shieldmost.com website is expected to be completed in early December 2021.
InstaMaven is a mobile application that allows professionals and hobbyists to monetize their skills, knowledge and experience by connecting them with people looking for such services and advice, instantly, online and on demand. The platform makes it possible to offer a wide range of services in a safe and secure environment. Tutors, chefs, bartenders, plumbers, dog walkers, you can earn extra income while helping others at reduced rates. Instamaven charges a percentage of the funds raised. The platform has been in beta for about 18 months. Payment methods are all major credit and debit cards, bank transfers and cryptos will be accepted. Our own accelerated coin is highly probable. ATHC intends to launch InstaMaven in limited capacity in Q2 2022.
Certain information in this press release, including any information regarding our strategy, plans or future financial or operating performance and other statements that express management’s expectations or estimates regarding future performance, constitute “statements forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, are forward-looking statements. The words ‘believe’, ‘expect’, ‘will’, ‘anticipate’, ‘envision’, ‘aim’, ‘plan’, ‘continue’, ‘budget’, ‘may’, ‘intend’ de”, “estimate”, “project” and similar expressions identify forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company’s control. with respect to its plans or operations. Our actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation, those defined as “risk factors” in our filings with the SEC, which may be viewed at www.sec. govt. There may be other factors not mentioned above or included in the Company’s filings with the SEC that may cause actual results to differ materially from those projected in the forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. Scheduled launch dates may vary due to technical issues, delays and other variables that may affect actual launch dates.
For more information, please contact the company [email protected]
THE SOURCE: Accelerated Technologies Holding Corp.
See the source version on accesswire.com: