Aluf Holdings, Inc. (AHIX) announced the appointment of Sam M. Jakobs as Chief Executive Officer, effective May 1, 2022. Previously, Teresa McWilliams served simultaneously as Acting CEO and CFO and will continue as CFO. Jakobs brings over 35 years of senior management experience with a focus on strategic business development in notable firms. Aluf aims to leverage his expertise to expand its business model, enhance revenue generation, and increase shareholder value, furthering its commitment to technology sectors including Biometric, Blockchain, and Cybersecurity.
Aluf Holdings (AHIX) has acquired ITBiometrics, Inc., which will operate as a division under Aluf. This acquisition aims to enhance Aluf's portfolio in biometrics and blockchain sectors, aligning with their strategy to create shareholder value and improve profitability. ITBiometrics specializes in secure financial transactions using biometric identity verification. The acquisition is expected to strengthen Aluf's technological capabilities in high-security applications.
Aluf Holdings, Inc. (OTC PINK: AHIX) has updated shareholders regarding its intention to acquire a profitable security and technology management consulting firm. A site visit for due diligence is slated for early December, with a definitive agreement expected following the process. The original acquisition deadline of December 31, 2021, is pushed to Q1 2022. The company focuses on serving the Intelligence Community, aiming to secure substantial multi-year contracts. Aluf specializes in technology acquisitions in Biometric, Cybersecurity, Blockchain, and Software/Hardware sectors.
Aluf Holdings, Inc. (AHIX) announced a non-binding Letter of Intent to acquire a privately held communications and IT firm, aligning with its strategic goals for growth and profitability. The acquisition, valued at $12M, will involve a mix of restricted stock and short-term seller financing. The target company’s founders, boasting over 40 years of industry experience, will remain with Aluf for at least five years post-acquisition. A definitive agreement is expected by December 31, 2021, following satisfactory due diligence.
Aluf Holdings, Inc. (AHIX) announced a non-binding Letter of Intent to acquire a profitable security and technology management consulting firm. The transaction is valued at $500,000 in cash, with potential short-term seller financing. This acquisition aims to address increasing demands in the Intelligence Community for project management and technical resources, leveraging long-term relationships and cash flow positive operations. Additionally, Aluf remains under contract to acquire a pre-revenue biometric identity service company, expected to close by August 31, 2021.
Aluf Holdings, Inc. (AHIX) announced a significant reduction in its financial liabilities, decreasing Total Convertible Notes Payable and Accounts Payable by $751,908 as of March 31, 2021. The breakdown includes a $173,685 reduction in Accounts Payable and $578,223 in Convertible Notes Payable, with $362,723 settled in full. This strategic move aims to strengthen the company's position for future acquisitions while minimizing shareholder dilution. CEO Teresa McWilliams highlighted the company's commitment to growth despite challenges faced by many OTC companies.