Welcome to our dedicated page for Accredited Solutions news (Ticker: ASII), a resource for investors and traders seeking the latest updates and insights on Accredited Solutions stock.
Accredited Solutions, Inc. (OTC: ASII) generates news across beverages, fintech, digital payments, and blockchain-related initiatives. The company identifies itself as the parent of Diamond Creek Water, an ionized alkaline bottled water brand, and as the owner of GlobeTopper, a B2B digital gift card and payments platform that works with thousands of brands in many countries.
News about ASII often highlights strategic acquisitions and partnerships. Recent announcements include the acquisition of GlobeTopper to anchor a telecom-fintech ecosystem, an indication of interest to acquire a U.S.-based B2B distributor of third-party e-gift cards, and a planned acquisition of a blockchain-based subsidiary, ItsBchain LLC, from iQSTEL Inc. These developments reflect the company’s stated focus on fintech, telecom-related services, blockchain, and digital assets alongside its beverage operations.
Investors following ASII can expect updates on growth initiatives, financing plans, and capital structure. The company has reported a Regulation A offering to support acquisitions and organic growth, as well as agreements with holders of variable price conversion securities involving lock-up and leak-out terms as part of a path toward cash redemption. Management commentary frequently connects these steps to a multi-year revenue growth plan.
Additional news items cover operational performance at GlobeTopper, such as revenue growth, expansion of its digital gift card network, and partnerships with rewards and fitness platforms that use digital assets to incentivize user behavior. For ongoing context on ASII’s evolving portfolio and strategy, readers can review this news feed for press releases on acquisitions, partnerships, financing transactions, and business milestones.
IQSTEL Inc. (OTC QX: IQST) reported strong financial performance in 2024 with revenue of $283.2 million, representing a 95.9% year-over-year increase. The company achieved $1.40 revenue per share and expanded its asset base to $79 million, a 257% increase. Stockholders' equity rose to $11.9 million, up 48% year-over-year.
The company announced two strategic moves: an MOU to acquire a 51% stake in GlobeTopper, expected to push revenue toward a $400 million run rate, and an agreement to sell ItsBchain subsidiary with plans to distribute $500,000 worth of ASII shares to shareholders. IQSTEL maintains its target of reaching $1 billion in revenue by 2027, focusing on telecommunications, fintech, cybersecurity, and AI services.
For 2025, IQSTEL forecasts $340 million in revenue, with potential to reach $400 million run rate if the GlobeTopper acquisition completes. The company's Telecom Division generated $2.5 million in adjusted EBITDA and $1.7 million in Net Income in 2024.
iQSTEL (OTCQX: IQST) has announced the signing of an MOU to sell its 75% stake in itsBchain to Accredited Solutions (OTC: ASII) for $1 million. The transaction structure includes $500,000 in ASII preferred shares and $500,000 in ASII common shares.
The deal represents a profitable exit from a pre-revenue subsidiary, with the sale price exceeding iQSTEL's total investment. As part of the agreement, iQSTEL will retain a 1% lifetime royalty on itsBchain's total sales and plans to distribute ASII common shares to IQST shareholders as a dividend.
The definitive Purchase Agreement is expected to be executed by July 1, 2025, with a $250,000 penalty clause ensuring ASII's commitment. This strategic move allows iQSTEL to focus on its core business areas: Telecom, Fintech, AI, and Cybersecurity, while supporting its goal of transitioning to a major national exchange.
Accredited Solutions (OTC: ASII) has announced a strategic partnership between its subsidiary GlobeTopper and Amino Rewards to enhance health and fitness loyalty programs. The collaboration combines GlobeTopper's gift card network spanning 2,700 brands across 65 countries with Amino Rewards' digital asset platform, enabling users to convert fitness achievements into tangible rewards like gift cards from major retailers.
Amino Rewards, the Preferred Fitness Loyalty App of the San Francisco 49ers, uses distributed ledger technology to reward healthy behaviors. The integration is currently being implemented in North America, with global expansion planned for early 2025. This partnership aims to capitalize on the loyalty rewards market, projected to exceed $142 billion by 2027.
Accredited Solutions (OTC: ASII) announced a 37% month-over-month (MoM) revenue growth for its subsidiary, GlobeTopper, bringing total revenue to $4.05 million for the month. GlobeTopper, a leader in the B2B digital gift card space, has benefited from the rising adoption of digital gift cards and the increasing integration of cryptocurrencies into consumer transactions. The surge in cryptocurrency values has led to a spike in e-wallet users purchasing e-gift cards, driving significant growth. CEO Craig Span highlighted the role of cryptocurrencies in reshaping traditional purchasing habits, with consumers using their gains to buy gift cards. GlobeTopper plans to expand its distribution network by onboarding additional fintech companies in the coming weeks.
Accredited Solutions (OTC: ASII) has shared key metrics about its newly acquired GlobeTopper digital gift card platform. The business generates $37 million in annual revenue, partners with over 2,700 brands including Amazon, Target, and Starbucks, and operates in 65 countries. GlobeTopper facilitates digital gift card distribution for businesses to their customers and employees, offering a faster alternative to traditional physical gift cards. The company recently demonstrated its efficiency by helping a Fortune 500 company distribute holiday gift cards to 10,000 employees across 12 countries in less than one day.
Accredited Solutions (OTC: ASII) has announced the acquisition of GlobeTopper, a B2B digital payments platform specializing in global e-gift card distribution. The acquisition brings $37 million in projected annual revenue and marks ASII's first step in building a telecom-fintech ecosystem. GlobeTopper serves over 2,700 brands across 65+ countries and will maintain its current CEO, Craig Span. The platform's API infrastructure and global distribution capabilities will serve as the foundation for future acquisitions in both telecom and fintech sectors.
Accredited Solutions (OTC: ASII) has reached an agreement with 100% of its promissory note holders for a 60-day lock-up and 6-month leak-out on all conversions. This interim agreement is a step towards full cash redemption of all outstanding variable price convertible securities. The company plans to use proceeds from an upcoming Reg A offering to redeem these securities, avoiding the issuance of additional shares and limiting shareholder dilution.
CEO Eduardo Brito expressed gratitude for the renewed trust from financing partners, viewing this as a testament to strong relationships and commitment to shareholder value. The agreement aligns with Accredited Solutions' 5-year growth strategy aiming for $750 million in annual revenue through acquisitions and organic expansion in telco/fintech and beverage divisions.
Accredited Solutions, Inc. (OTC: ASII), parent company of Diamond Creek Water, has filed a Regulation A registration statement for a $3.6 million offering. The capital will be used to:
- Fuel the company's acquisition-driven growth plan
- Complement organic growth initiatives
- Redeem outstanding convertible securities at a lower cost
The company has also resolved to increase its number of authorized shares for enhanced financial flexibility. Notably, Accredited Solutions is committed to not pursuing a reverse stock split of its common stock. CEO Eduardo Brito expressed confidence in the company's underestimated intrinsic value and the potential for long-term growth.
Accredited Solutions, Inc. (OTC: ASII) has executed an Indication of Interest (IOI) to acquire a leading US-based B2B distributor of third-party e-gift cards. The target company generated $33.7 million in sales in 2023 and is on track for a 2024 revenue run-rate of $42.5 million, with profitability on a net income basis. This potential acquisition aligns with Accredited Solutions' growth strategy, offering synergistic opportunities to accelerate growth through capital injection and resource sharing.
The company plans to integrate marketing and administrative functions, leverage cross-selling opportunities, and develop new products and APIs for fintech integration and international market entry. CEO Eduardo Brito expressed enthusiasm for the acquisition's potential to drive significant growth and value. The transaction is expected to progress to a binding Letter of Intent (LOI) once an audit is completed, with Accredited Solutions optimistic about the deal's viability.
Accredited Solutions (OTC: ASII) has appointed Ben Farzam as CEO of its new telco/fintech division, aligning with the company's 5-year plan to reach $750 million in annual revenue. Farzam brings over 20 years of leadership in telecommunications, having led Callvox to $100M in annual sales at its peak. His expertise in strategic planning and emerging markets is expected to drive Accredited Solutions' growth strategy.
The company plans to focus on acquiring profitable telco and fintech companies while optimizing operations through synergistic acquisitions and organic growth initiatives. This appointment is seen as key to unlocking the next phase of transformative growth for Accredited Solutions, particularly in leveraging technology for inclusive expansion and adding shareholder value.
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