EXXE GROUP ORD (OTCMKTS:AXXA) is coming off a disaster of a day and for no glaring reason, seeing as much as 57% of recent gains wiped out. Much of the hype surrounding AXXA has been linked to the GDPR compliance laws in Europe. AXXA was previously known as TLNUF as Telecorp and recently changed their name and refocused their business strategy. AXXA’s new strategy focuses on closing the gap for the 79% of companies that have not implemented any sort of change for this sweeping data overhaul.
One important change in GDPR has to do with cryptocurrency exchanges. These exchanges can now be fined heavily for not labeling individual or companies on blockchain as respectively the “control” and the “processor”. AXXA has expanded their SoftSmart package claims to offer a full-scale solution for this issue, according to materials floating around the internet. The SoftSmart 2.0 product also works with loan decisions as well. Jason Cataldo, CEO of AXXA, said, “It is exciting to see the strategies and aggressive steps that were taken upon the acquisition of SOFTSMART 2.0 come to fruition. The management team has quickly and efficiently created a solid combination of products and services that are continuing a profitable strategy.”
EXXE GROUP ORD (OTCMKTS:AXXA) aka Telecorp is a North American emerging technology company headquartered in New York, New York, with operations in over six countries. The company was formally incorporated on April 13, 2009 in the Province of Ontario, Canada.
Since 2016, Telecorp has shifted its business focus and strategy to pursue acquisitions in Hard Assets, Financial Services, Technology, Product/Distribution and Management Consultancy. As a part of this business transition, The Company began screening a number of potential acquisitions that would broaden services, products and talent into the Company.
Companies that will be considered for acquisition are required to have one of 3 main qualities: they must be progressive and established in the global marketplace, they are built upon innovative ideas and backed with real asset value, or they must be able to scale both quickly and profitably.
Telecorp’s planned investments are in the categories of hard assets including commercial real estate, hard asset trading and gold and silver exchanges, production and distribution with advertising, ad-tec optimization, fashion production and product, fashion analytics and sales, artist and event management, technology focused in financial technology, trade predictive software, artificial intelligence, blockchain technology and bio-technology, financial services centered in credit unions, asset management, and private and public investment interfaces, among others.
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All said, there is no proof – whitepaper or even detailed reports on SoftSmarts ability to achieve compliance with any field especially cryptocurrency. However, if this is the case, investors will want to stay current with AXXA because this could have serious value in this changing regulatory environment.
On the financial side, AXXA has current revenue over the last 9 months of $55k, operating expenses of $57k and expenses of $21k and a net loss of $22 (those are approximations).
EXXE GROUP ORD (OTCMKTS:AXXA) has a market cap of 10.57M and the company is still on our radar but might be coming back down to Earth soon. Ais approaching and all investors should be watching as moves are made to shore up data and customer protection issues. Sign-up for continuing coverage on shares of $AXXA stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $AXXA, either long or short, and we have not been compensated for this article.