- Set to close the first phase of New Deal real estate acquisition which should add $25M value per quarter
- Announces AXXA Metaverse Initiative which leverages and integrates successful core Exxe Group assets
- Asset acquisition, digital products/services enjoying huge growth, the value rises in Metaverse ecosystem
- Plans to substantially grow assets via a blend of the physical asset and digital asset acquisitions, services
NEW YORK, NY / ACCESSWIRE / December 9, 2021 / Exxe Group, Inc. (OTC PINK:AXXA), ("Exxe", "Axxa" or the "Company") a diversified fintech company, announces its plans to transform the way real estate and business services industries conduct business while concurrently serving as early adopters and providers of digital assets, products, and services as part of the AXXA Metaverse Initiative. At the strategy's core, the Company is already simultaneously expanding its reach in the two key segments: physical real estate and digital real estate assets. In this fashion, Exxe serves as a two-way digital and physical conduit and can integrate its successful approaches in physical business M&A with its digitization strategy, thus utilizing these methodologies to rapidly take advantage of lucrative opportunities in the Metaverse.
The New Deal
In recent months, management has alluded to an opportunity to acquire, in stages, commercial and residential assets whose values should approach an estimated $100M. The first stage is set to close in early 2022 of which the first ten million will be added in the current quarter and it is anticipated that with each closed stage, $25M in assets should be added to the Company's real estate portfolio, per quarter. The portfolio includes approximately 250 residential units along with commercial property and land. The property is mostly dispersed throughout Germany's largest cities along with other Western European nations.
Management anticipates that traditional revenue will be generated from these commercial and residential properties along with other recurring revenue via the introduction and leverage of its digitization and services integration strategy to current and future tenants in these properties. For example, Exxe Group plans to leverage the online and physical design services and products of its Daskonzept Group business which in turn potentially raises the value of real estate assets and generates cross-sale revenue for the multiple members of the Exxe Group family. The path to closing on $100M in properties will be detailed in future releases on a staged basis, beginning in early 2022.
The AXXA Metaverse Initiative
According to a recent analysis by Bloomberg, IDC, PWC, Statista, and Two Circles, the revenue opportunity in the Metaverse could approach $800 billion in 2024. The Metaverse represents the convergence of the physical and digital worlds and the next stage in the evolution of the internet, e-commerce, social networks, and digital communities. This market presents a unique opportunity for a rare set of early adopters that have the capabilities to capitalize on these new revenue streams. Management believes AXXA is well-positioned through leverage of Exxe's success in physical M&A and business management, along with its digital strategy which already encompasses core tenets of the Metaverse. Thus, Exxe's initiative sets the stage for broad participation in the growth of the Metaverse ecosystem.
As an early adopter, Exxe stands to potentially generate major returns on investment and revenue growth. Initial steps have been established during 2021, leveraging our digital communities and including the digital asset purchase of land inside of popular and emerging spaces in the Metaverse. According to Bloomberg, content, and offerings that successfully pivot towards the digital world can capture greater user engagement both in the Metaverse and in the physical world, thereby accelerating revenue and fostering brand and consumer loyalty.
Other prospective steps include the establishment of AXXA-centric, diversified offerings throughout the ecosystem. For example, Daskonzept's in-demand online design capabilities, coupled with the 1Myle cryptocurrency provide Exxe with major leverage and an early mover advantage over companies who have exposure to the Metaverse or are contemplating such moves. Exxe blends experience in generating ROI on physical real estate, revenue from online design, and other critical concepts. Importantly, since transactions must be executed in digital currencies, Exxe has a rare advantage over nearly all firms in the space since 1Myle is an active crypto swaps exchange and services provider. As a result, management plans to announce its expanding presence and offerings in the Metaverse, along with revenue and ROI growth throughout 2022.
Dr. Eduard Nazmiev, Exxe Group CEO commented on the Company's unique ability to generate major asset and revenue growth across multiple industries and both physical and digital spaces.
"We are excited to soon close the first stage of our largest large-scale real estate transaction to date, which should result in the target of $100M in assets when fully closed, in addition to recording revenue across and through the Company's business lines through the unique opportunity to leverage and integrate the physical with the digital and the virtual, and vice-versa. In fact, our status as an early adopter and unique provider of some of the Metaverse's services and products could set the stage for some of the fastest growth rates we have enjoyed, since inception."
"We are confident that Exxe represents a triple play leader in high growth physical and digital verticals due to our unique expertise, tools, and experience. These core competencies are primed to attract passive players and investors seeking an active partner in physical and digital spaces. Moreover, we believe Exxe is well-positioned to emerge as one of the higher-profile firms in the Metaverse due to our ability to merge physical real estate with virtual real estate. In addition, 1Myle cryptocurrency swap services provide Exxe with a major advantage over our competitors as crypto trading services are a key feature of how business is transacted, and we have a history of identifying and acquiring assets, we plan to highlight these strengths and other services we are currently implementing and planning to deploy during 2022."
About Exxe Group
Exxe Group is a diversified fintech corporation focusing on acquisitions in the following sectors: real estate, sustainable technology, media, agribusiness, and financial services. Exxe Group is an acquisition-driven company. The Company strategy is to acquire controlling equity interests in undervalued companies and undertake an active role in improving their performance - accelerating their growth by providing both access to capital and management expertise.
For additional information please visit the Company's website: http://www.exxegroup.com/
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release.
CONTACT: Exxe Group IR: [email protected]
SOURCE: Exxe Group, Inc.