(MENAFN- GlobeNewsWire - Nasdaq) NEWPORT BEACH, Calif., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Neon Bloom, Inc. (OTC PINK: NBCO) announced today that it has finalized a business relationship with Elevated International, a US entity specializing in 3rd party business development.
Elevated International specializes in connecting individuals and businesses with transactional and software solutions in the e-Commerce, Enterprise, and Retail environments. This relationship with Elevated International is expected to result in increased transactional and bottom-line yearly revenue for Neon Bloom.
In making the announcement Alex Wasyl, Elevated' s President and CEO said,“I'm looking forward to working with Neon Bloom and its subsidiaries to bring my expertise to their business sectors . With over a decade of experience working with specialized businesses to align with new revenue opportunities, we look forward to assisting Neon Bloom and its subsidiary, Advanced Executive Sales, in their effort to expand revenues in line with their projections.”
“We're very pleased with this opportunity, and we feel that that this relationship with Elevated International will help make a significant contribution to our market space and revenue generation”, said Greg Bauer, Neon Bloom's CEO.
About Neon Bloom:
Neon Bloom Inc.is a diversified enterprise group currently developing new life-science technologies, technologically improved financial services, and other emerging businesses with high growth potential and other cross-industry segment synergistic qualities. The Company's primary focus within the financial services industry is the financial transaction processing sector – excluding central bank related transactions - including reserve and liquidity, check or other financial instrument clearinghouse services. Through its wholly owned subsidiary, Advanced Executive Sales (AES), the Company is a rapidly growing provider of secure transaction software solutions for a wide range of industries. The Company shifted its primary focus to the financial services sector in 2024 where it expects to be able to grow revenue and net asset value through organic growth and additional acquisitions utilizing shares of its common stock, non-convertible promissory performance-based notes, and cash as available.
About Advanced Executive Sales LLC:
AES is a rapidly growing, leading provider of secure transaction solutions, which enables it to provide added security level solutions between merchants and customers for a wide range of industries. With its transaction platform, it is a certified partner with YNLO Ultratech and Payshield and provides software-based support to over 100 internet based businesses currently under contract. Looking forward, AES plans to expand by acquiring other financial service firms with payment processing technology that will complement what AES currently utilizes.
Through the second quarter of 2024, AES posted gross revenue of $15,966,742 and expects to generate gross revenues in excess of $30,000,000 for the year ending December 31, 2024.
Forward-Looking Statements:
This press release includes "forward-looking statements" that involve risks and uncertainties. These statements are all other than statements of historical facts that address activities, events, or developments that we expect or anticipate will or may occur in the future, including the future. Capital expenditures (including the amount and nature thereof), business strategy and measures to implement strategy, competitive strength, goals, expansion and growth of our business and operations, plans, references to future success, reference to intentions as to future matters, and other such matters are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of such terms or other comparable terminology. These statements are only predictions. Actual events or results may differ materially. These statements are based upon certain assumptions and analyses made by us considering our experience and our perception of historical trends, current conditions, expected future developments, and other factors that we believe are appropriate in the circumstances. However, whether actual results and developments will conform to our expectations and predictions is subject to several risks, uncertainties, and other factors, many of which are beyond our control. Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, activity levels, performance, or achievements. Moreover, we do not assume responsibility for the accuracy and completeness of such forward-looking statements. We are under no duty to update any of the forward-looking statements after the date of this release to confirm such statements to actual results.
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