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Neon Bloom, Inc. reports developments tied to its OTC-traded operating company status and its current focus on financial technology through Advanced Executive Sales, its payment-processing subsidiary. Recurring news themes include electronic payment and card-processing platforms, e-commerce and point-of-sale transaction solutions, software integrations, business-development relationships, and efforts to reduce fraud, chargebacks, and third-party vendor dependence.
The company’s recent corporate history also includes the completed acquisition of Advanced Executive Sales and the divestment of Bazelet Health Systems, marking a shift away from HealthTech and toward financial services, software-enabled payments, and related acquisition activity.
Neon Bloom (OTC: NBCO) has successfully completed the integration of a new AI-driven backend software for its payment processing platforms through its subsidiary, Advance Executive Sales. The upgraded system features multi-factor authentication and advanced AI technology aimed at reducing fraud, managing vendor redundancy, and handling chargebacks more effectively.
The company underwent a three-month development period during which payment activity was reduced. Management expects to resume and exceed historical growth rates, projecting stronger revenue and reduced costs starting from the 4th quarter. The enhancement is expected to enable expansion into new fintech vertical markets that were previously inaccessible.
Neon Bloom (OTC PINK: NBCO) has established a strategic partnership with Genwin , a B2B software development company specializing in back-end development and transactional solutions. The collaboration aims to enhance Neon Bloom's payment processing capabilities and reduce dependency on third-party vendor software.
The partnership is expected to boost Neon Bloom's transactional and bottom-line yearly revenue through improved processing speed and accuracy. Genwin brings over a decade of experience in specialized business software solutions. The initiative will particularly benefit Neon Bloom's subsidiary, Advanced Executive Sales, and their Vida Magica products by providing seamless, AI-driven payment solutions and adding redundancy to minimize network issues.
Neon Bloom, Inc. (OTC PINK: NBCO) has announced a new business partnership with Elevated International, a US-based company specializing in 3rd party business development. Elevated International focuses on connecting businesses with transactional and software solutions in e-Commerce, Enterprise, and Retail environments.
This collaboration is expected to boost Neon Bloom's yearly revenue. Alex Wasyl, Elevated's President and CEO, expressed enthusiasm about working with Neon Bloom and its subsidiaries, bringing over a decade of experience in aligning specialized businesses with new revenue opportunities. Greg Bauer, Neon Bloom's CEO, stated that this partnership is expected to make a significant contribution to their market space and revenue generation.
Neon Bloom (OTC PINK: NBCO) announced a strategic shift from the HealthTech sector by divesting its subsidiary, Bazelet™ Health Systems. This move follows the acquisition of Advanced Executive Sales (AES), marking a new focus on the financial services sector. As part of this transition, the company adds Mr. Anthony Bianchi, Esq. as an Independent Director, replacing Ms. Frick. Mr. Greg Bauer is the new CEO, while Mr. Michael Elzufon joins the Bazelet™ Board after resigning from Neon Bloom's Board. Neon Bloom aims to capitalize on the digital transformation in e-Commerce and financial technology amidst the controversial cannabis-related businesses.
Neon Bloom (OTC PINK: NBCO) announced the completion of its acquisition of Advanced Executive Sales (AES), a financial services company specializing in business development and software solutions, particularly electronic payment and card processing. The acquisition, finalized after negotiations with AES's Managing Member Greg Bauer, involves a restructuring of stock where Bauer returned 200 million shares of Neon Bloom's Common Stock, receiving 2 million Series B Convertible Preferred Stock in exchange. This move reduced the outstanding Common Stock to 212,260,668 shares. Bauer is now a Board member and CEO of Neon Bloom. AES will be converted to a Florida C-Corp and operate as a wholly owned subsidiary named "Advanced Executive Sales Inc."
Neon Bloom (OTC PINK: NBCO) has finalized the terms to acquire Advanced Executive Sales (AES), a financial services company specializing in electronic payment processing. The acquisition is expected to close by May 31, 2024. AES, which reported $23.2 million in gross revenue and $1.6 million net profit in 2023, will become a wholly owned subsidiary, converting to a Florida C-Corp. The acquisition aims to generate positive cash flow and expand Neon Bloom's market reach through AES's established e-Commerce and Point of Sale solutions. Greg Bauer, AES's Managing Member, will join Neon Bloom's Board and executive team.
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Bazelet Health Systems, a subsidiary of Neon Bloom (OTC: NBCO), announced its cannabis Education & Research Initiative (cERI). The program provides patented cannabis genetics, zero-THC, to DEA-registered research entities, enabling scientific studies on cannabis effects. This initiative aims to address the long-standing challenges in cannabis research due to regulatory restrictions, offering access to cannabinoids like Cannabigerol (CBG). With a vertically integrated supply chain, Bazelet is focused on developing non-GMO cannabis plants to meet global demand.