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GBX International Group, Inc. (OTC:GBXI) announced the acquisition of American States University (ASU) by Mr. Raymond C. Dabney, who has gained majority shareholder control. This strategic move aims to enhance GBXI's operations in education, drug development, advanced technologies, and green energy. The ASU Digital Business HUB will serve as a pivotal platform to facilitate share trading for multiple partner companies, offering existing shareholders additional pro-rata shares in spinout companies. The acquisition is part of GBXI's broader aggressive growth plan to integrate ASU with its CSi-EDP partners, create job opportunities, and expand educational offerings. The initiative includes a diverse array of programs, scholarships, and apprenticeships, targeting economic development across various industries.
GBX International Group has completed a corporate review, revealing a stronger Balance Sheet following asset acquisition adjustments. The company identified inaccuracies in previous financial records, leading to the writing off of $3,125,090 in Notes Payable and $3,043,629 in assets—primarily due to an impairment loss. This effort aims to clarify the company's financial standing as it shifts to a new business model. GBXI aims to support local merchants with marketing solutions and affordable processing services.
GBX International Group, Inc. (OTC PINK:GBXI) has filed a Supplemental Information report detailing its ongoing corporate review and restructuring as it shifts to a new core business model. This review, prompted by a recent asset acquisition, includes a management team overhaul and a financial audit, revealing past discrepancies in financial records. These corrections are expected to enhance the company's Balance Sheet significantly. GBXI now aims to assist local merchants and small businesses in customer acquisition and profitability through a unique marketing system.
GBX International Group, Inc. (OTC PINK:GBXI) has unveiled a new business model aimed at enhancing the profitability and customer acquisition of local merchants and small businesses. The company provides a range of marketing tools and discounted credit card processing services, leveraging both traditional and digital payment methods. Future growth strategies include expanding product offerings and pursuing potential acquisitions or joint ventures. GBXI's focus on integrating new technologies aligns with its commitment to support local businesses.
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