Exxe Group Inc. Reports Huge Quarter, New Research Report to Be Released
August 23 2019 - 8:30AM
InvestorsHub NewsWire
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Exxe Group Inc. Reports Huge
Quarter, New Research Report to Be Released
Revenue Jumps Over 240%, Equity Rises by 110% in
June 2019 Quarter
New York, NY -- August 23, 2019 -- InvestorsHub NewsWire
-- Exxe Group, Inc. (OTC
PINK: AXXA), a diversified company focused on
synergistic acquisitions in real estate, sustainable technology,
media, financial services and agriculture, announced strong
year-over-year, quarterly financial results for the period ended
June 20, 2019.
The Quarter
Revenue grew by over 240% to $1.2 million as compared with
$348,439 for the same period last year. The growth in revenue was
diverse and across multiple holdings, led by sales and income
generated by its new real estate, mortgage, industrial and
agriculture holdings. Given the strength across the spectrum,
management is very encouraged regarding future revenue growth
performance in the second half of the year. Moreover, investors
will be pleased that the integration of the recently closed
transactions should begin to drive our cross-holding growth.
Shareholder’s equity rose to $80.3 million versus $37.8 million
in the corresponding quarter in 2019, an impressive 110% increase.
This figure is a key measure that demonstrates that the company’s
aggressive, targeted acquisition and operations strategy is
succeeding. Investors should expect a series of new Letters of
Intent to be announced prior to the end of the current quarter.
Once closed, these transactions will further increase our reach and
financial performance.
Management View
We believe that our low current $5.9 million market cap is
not reflective of our $80.3 million book value or future values. In
an effort to resolve this market disconnect, an independent
research report commissioned by the company providing a review and
assessment of current and future valuations for the company will be
released before month-end.
About Exxe Group
Exxe Group is a diversified corporation focusing on acquisitions in
the following sectors: real estate, technology, media, 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 go to www.exxegroup.com
CONTACT: Exxe Group IR: info@exxegroup.com
Forward-Looking Statements
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.
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