Gex Management Inc. and Quad M solutions Inc. enter into a Technology support and Marketing agreement
Gex Management (OTC:GXXM) has entered a technology support agreement with Quad M Solutions (OTC:MMMM), aimed at enhancing both companies' profitability.
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Rhea-AI Summary
Gex Management (OTC:GXXM) has entered a technology support agreement with Quad M Solutions (OTC:MMMM), aimed at enhancing both companies' profitability. GXXM will receive $5 per employee per month, with a minimum monthly payment of $100,000. The deal emphasizes GXXM's expertise in blockchain and DeFi technology, aiding Quad M's transition to an insurtech and payment technology provider. An equity swap agreement allows GXXM to acquire 10 million shares of MMMM, while MMMM obtains convertible preferred shares into 20 million GXXM shares.
Positive
- GXXM projected to become profitable and cash flow positive after the deal.
- Equity swap agreement provides both companies with beneficial shareholdings.
Negative
- None.
Details
News Market Reaction – GXXM
The recorded move for GXXM in the trading session of this news was +2.56%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
- Deal Makes Gex Management Cash Flow and earnings positive
- Enter into an equity swap agreement
Dallas, TX, Dec. 28, 2021 (GLOBE NEWSWIRE) -- Gex Management Inc. (OTC:GXXM) has signed a technology support agreement with Quad M Solutions Inc. (OTC:MMMM). Under the agreement, GXXM will provide on going back office, tech support and product development. GXXM will receive
Mr. Joseph Frontiere said “GXXM has a top flight technical team with experience in Blockchain and DiFi technology. Quad M needed such expertise to finalize the development of its on-boarding technology called LOLA and its payment and payroll technology. This deal allows GXXM to become a profitable and cash flow positive company. It actually replaces an almost exact amount of MMMM expenses with a significant upgrade. The share exchange will allow both companies to benefit from each others’ bright future.”
About GEX Management
GEX Management, Inc. is a Management Consulting company providing high end Strategy and EnterpriseTechnology Consulting solutions to public and private companies across a variety of industry sectors. http://www.gexmanagement.com
Forward-Looking Statements:
The statements contained herein that are not historical facts are forward-looking statements within the meaning of the federal securities laws (Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of (1934). You can identify such forward-looking statements by the words "expects," "intends," "plans," "projects," "believes," "estimates," "likely," "possibly," "probably," "goal," "opportunity," "objective," "target," "assume," "outlook," "guidance," "predicts," "appears," "indicator" and similar expressions. Forward-looking statements involve a number of risks and uncertainties. In the normal course of business, Gex Managemtnt, in an effort to help keep our stockholders and the public informed about our operations, may from time to time issue such forward-looking statements, either orally or in writing. Generally, these statements relate to business plans or strategies, projected or anticipated benefits or other consequences of such plans or strategies, or projections involving anticipated revenues, earnings, profits, pricing, operating expenses or other aspects of operating results. We base the forward-looking statements on our expectations, estimates, and projections at the time such statements are made. These statements are not guarantees of future performance and involve risks and uncertainties that we cannot predict. In addition, we have based many of these forward-looking statements on assumptions about future events that may prove to be inaccurate.
The actual results of the future events described in such forward-looking statements could differ materially from those stated in such forward-looking statements.
Contact: info@gexmanagment.com
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