Xalles Holdings to Acquire Intel365

WASHINGTON, DC and CUMMING, GA, May 04, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE ‒ Xalles Holdings Inc. (OTC: XALL), a fintech holding company providing technology and financial services solutions, today announces that it has executed a Share Purchase Agreement to acquire 100% of Intel365, Inc., a Georgia based innovative background screening services company.

Under the Share Purchase Agreement, Xalles Technology Inc., a wholly owned subsidiary of Xalles Holdings Inc., will acquire all of the common shares of Intel365, Inc. The company is based in Cumming, Georgia, which is part of the metropolitan Atlanta area. Intel365’s vision is to provide technology and services in the areas of corporate intelligence, employment screening, and technology due diligence.

Intel365 is led by its founder Crispin Cruz. Mr. Cruz graduated Cum Laude with a B.G.S. in Business Administration and Marketing from the University of Michigan. Mr. Cruz has over 20 years of experience in the background screening industry. He has held numerous executive C-level positions with industry-leading background screening companies throughout the United States. Many of Mr. Cruz’s accomplishments include; launching multiple sales initiatives, acting as a corporate turn-around specialist, and leading national business development efforts. All his past ventures in the background screening industry resulted in multiple times growth rates. Mr. Cruz has managed millions of dollars in sales and personally sold millions of dollars in new revenue for the businesses in which he has been directly involved. His accomplishments span multiple industry verticals and geographic regions. Over his 20-year tenure, Mr. Cruz has worked with both background screening professionals and businesses to help them build scalable, sales processes that have yielded immediate, positive results. FULL ANNOUNCEMENT