Byzen Digital News
News and Press Releases
Byzen Digital Plans to Open U.S. Corporate Headquarters and 60 Million Shares are Returned to Treasury as Strategic Partner, The Axiom Partnership, Mutually Agrees to Move on in Order to Facilitate Next Stage of Company Growth
Over the last 12 months, the Axiom Partnership has identified both start-ups and small - medium enterprise technology company acquisition targets that are at various stages of the due diligence process. It has also helped to establish a consulting arm of the business that assists companies in the sector by utilizing the skill and experience of the strong Byzen Digital Advisory Board.
After two very successful meetings in the last three weeks between Byzen Digital and the OTC Markets Group, it is absolutely clear that the Company is ready for the next stage of its journey. As such it is essential that the right partners are in place to be able to support the uplisting strategy to the OTC QB.
With the status of an OTC QB listing, Byzen Digital is highly confident that it can better execute and deliver on its merger and acquisition strategy. Therefore going forward, commercial activities will be more focused in the United States and Byzen Digital plans to soon establish an office in the U.S., making the region the primary focus for its operational activities.
Tom Beckett, CEO of The Axiom Partnership, commented, “Working alongside Byzen Digital for the last year has been an exciting and rewarding experience. I am proud of the successes we have had and the challenges that we met. The time has come to hand the baton over to a new team that will take Byzen Digital to the security and transparency of the OTC QB with a particular focus on U.S. acquisitions. Both I and my team wish Chris and the Byzen Digital team the very best future success.”
Chris Percy, President of Byzen Digital, said, “This marks an extremely exciting time for Byzen Digital. We are grateful for the support that the Axiom Partnership has provided over the last year and I wish to personally say thank you to Tom and his team. It is now time to move forward. We have clear directives to achieve over the coming weeks and months, including OTC QB uplisting, opening an office in the U.S., and completing acquisitions in the U.S. to further the growth of our business. All of our focus and attention is on the future and what needs to be done to deliver on our strategic plans.”
As part of the termination, The Axiom Partnership will relinquish the 60 million shares it was granted in the company, which will be deposited back in the Byzen Digital treasury.
An announcement appointing a new Strategic Partner is expected to be made within several weeks.
Byzen Digital Appointed as Strategic Technical and Commercial Consultant to DevWerks, Inc.
DevWerks is a privately held US-based company that has developed an exclusively licensed technology which permits the most wanted linear video content to be streamed and delivered at less than 1.5mbps. This technology allows TV Household users (TVHH) with significant bandwidth restriction across the United States to stream all of the programming content they want to receive. This could be in urban or suburban areas or in rural areas, where over 50 million Americans do not have access to Internet speeds in excess of 25mbps.
DevWerks plans to launch its direct-to-consumer HDTV platform in Q1-2020, beginning in the southwest United States, with offerings that include full programming placement on mobile, tablets, and Cable TV and OTT television viewing. Through content acquisition partnerships, DevWerks will launch with over 160 linear real-time Cable TV channels including Broadcast Networks, Sport Channels, Movie Channels and much more, along with providing true in-demand access to all of the downloadable apps in the Google Play Store.
DevWerks has built its platform offering to deliver its full-service TruChoice TV programing experience that TVHH consumers really want, on each of the home devices they demand to watch it on and guaranteed under any bandwidth constraints. Through its initial market entry, DevWerks will then aggressively expand across the entire United States as well as many underserved developing countries who have very limited bandwidth and developing utilities.
Chris Percy, President of Byzen Digital, commented, “After lengthy negotiations with the team at DevWerks I am pleased to welcome another innovative and exciting commercial partner to the Byzen Digital family. We look forward to a long and successful relationship together.”
Ross Meyer, CEO of DevWerks, added, “I am very excited to welcome Byzen Digital to our team of committed partners. Access to their experience with high growth technology companies is unparalleled for a company at our stage. Byzen‘s focus on start-ups that seek to bring new and wanted technology to existing and new markets, will bring together our technology with their proven methods for success, and result in a win-win for both the end-user consumer and our Company.”
Jon Paolino, CTO of DevWerks, stated, “Partnering with Byzen Digital will allow DevWerks to enter new markets, deploy its technologies, and access expansion capital at a pace we had not anticipated being available for a few years. This is an exciting opportunity for all involved and will greatly speed up our development cycle once fully realized.”
Byzen Digital Initiating Steps to Complete Application Process for Uplisting to OTCQB
The meeting follows Byzen Digital’s announcement in January 2019 when the Company made its intention known to upgrade the market where its common stock is traded. Being listed on the OTCQB can dramatically increase a company’s transparency through high requirements for reporting standards, management certification, SEC and Blue Sky Recognition and other compliance requirements. Historically this has resulted in greater liquidity and awareness for companies whose common stock is traded on this tier of the OTC Markets Group.
The management team at Byzen Digital will now begin the defined steps outlined by the OTC Markets Group that are required in order to process our application which includes the completion of audited annual financial statements and the appointment of two independent Directors to the Company’s Board of Directors.
Chris Percy, President of Byzen Digital, commented, “Meeting with the OTC Markets Group was productive and illuminating. I was impressed with the level of support and direction that they provide that will guide us in realizing our listing aspirations. My team and I are highly motivated to deliver a completed application to them as quickly and as efficiently as possible.”
Byzen Digital Expands Advisory Board with Appointment of Joshua C. Simons, Visionary Strategic Marketing Innovator
Mr. Simons is a seasoned business builder and team leader who has deep expertise in carefully articulating and developing a successful business vision. His role in the companies he’s launched or led has provided him with the paradigm-shifting insight to define the strategic product position—a critical step toward reinventing or staging a company’s overall brand personality and image. Mr. Simons is proficient at creating an environment that encourages participation, promotes accountability, builds consensus, and develops and empowers key talent to meet goals and objectives. He views challenges as opportunities and thrives in a fast-paced environment that requires the sensibility to address changing priorities and circumstances smartly, timely, and accurately.
Mr. Simons is recognized for his ability to transform the USA Super Bowl halftime show from a sleepy, low-ratings display of marching bands to a global blockbuster of entertainment headlined by superstars like Michael Jackson, David Bowie, Tina Turner, Prince, Janet Jackson, The Who, Justin Timberlake, and the Rolling Stones. He revolutionized brand marketing by pairing top clients like Pepsi, Ford, Sony, the NFL, NASCAR, Revlon, Target, Bacardi, Panasonic, and MGM-Mirage Hotels with attention-grabbing events and venues. He helped pioneer new-technology media by creating, launching, and leading satellite radio powerhouse XM, which evolved into SiriusXM; and Rockbill/EMCI, the first branded entertainment company launched in the USA. Mr. Simons has also spearheaded the creative and business-development efforts behind the launch of the first 24/7 OTT gaming television network, The WHAM Network, devoted to the booming business of professional and amateur video gaming, and the creation of a game-changing, new set top box from DevWerks built for underserved TV households in North America and Asia without access to high definition television.
Chris Percy, President of Byzen Digital, commented, “I am extremely excited to welcome Joshua to the Byzen Digital Advisory Board. His experience with blue chip companies and innovative expertise in taking companies across vertical markets will be of great value to the businesses that are being targeted by Byzen Digital in both the merger and acquisition and consultancy divisions of our commercial activities.”
Joshua Simons joins a highly experienced team on the Advisory Board that includes the investment and deal-closing expertise of Shaun Wootton and Garry Potticary, and David Black, Mark Casey and Sam Buxton, whose tech backgrounds are proving crucial to developing Byzen Digital’s consultancy capacity.
Byzen Digital Announces Opening of New Operational Company in the UK, Byzen Digital Limited
Over the past 12 months Byzen Digital Inc. has continued to develop its business model and now has a clear strategy that identifies and engages with SME (small and medium-sized enterprises) technology companies with the goal to developing commercial relationships. In addition, the Company also looks to offer its consultancy services into this sector with a focus on technology market disrupters. Byzen Digital Inc. recently established a Consultancy Services Division in conjunction with its strategic partner, The Axiom Partnership. To assist in developing this model, Byzen Digital management has commissioned the opening of a new operational company in the UK, Byzen Digital Limited, which will replace the non-operational Byzen Digital UK Limited that will be closed shortly.
Termination of LOI
Byzen Digital Inc. additionally announces that further to its Letter of Intent (LOI) with Fortune8 Technologies, that after months of negotiations, it is currently unable to reach a definitive agreement to complete the acquisition of the Company.
Byzen Digital President Chris Percy commented, “It is with regret that we have made the operational decision to no longer engage directly with Fortune8. The Board and I wish them success in their future ventures. With this action we now have the luxury to continue to explore and develop other new and existing opportunities.”
Mark Casey appointed to Byzen Digital advisory board.
Mark Casey, a specialist in technology-based marketing communications, has been appointed to the company’s advisory board, effective immediately.
Mr. Casey has over 25 years’ experience in technology corporate affairs and media relations working with brands such as Qualcomm, Samsung, Telefonica, Verizon, Rovio and Ericsson. His appointment to the Byzen Digital Advisory Board comes as the company looks to expand its portfolio in the wireless technology and the digital content sector.
Chris Percy, President of Byzen Digital, commented, “The introduction of 5G technology coupled with the widespread integration of IoT applications has been the catalyst for some remarkable innovation in the wireless connectivity field. Byzen Digital intends to stay at the forefront of this innovation and Mark’s experience and technical understanding will be invaluable as we grow our digital portfolio.”
Mark Casey, commenting on his appointment, said, “The pace of change in the tech sector is accelerating all the time and will only continue to increase. As global brands struggle to meet the demands of the digital economy and remain relevant to the “connected generation”, I am delighted to be joining a team that will help shape that brave new digital world. No market is safe from disruption.”
Byzen Digital Establishes Consultancy Services Division.
London, UK, Aug. 06, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Byzen Digital Inc. (OTC PINK: BYZN), a technology mergers and acquisitions company, today announced that it has established a Consultancy Services Division in conjunction with its strategic partner, The Axiom Partnership.
During the course of their day-to-day activities, the team at Byzen Digital engages with technology companies from start-ups to small and medium enterprises (SMEs) around the globe. With an extensive support team in place at the advisory level, Byzen Digital looks to add value to these companies by offering technical and market advice. As Byzen Digital worked with more and more companies, it became clear that there is a need to offer consultancy services to those companies that have neither the resources nor the experience to best manage certain areas of their business effectively.
Byzen Digital President, Chris Percy, commented, “It is essential that Byzen Digital continues to develop itself, its profile, and its business model and revenue streams, which the new consultancy division contributes to. By leveraging our highly experienced advisory board and our strategic relationship with the Axiom Partnership, we’re expanding our reach to innovative companies around the world, to the benefit of Byzen and its clients.”
Byzen Digital has already begun working with several companies and is currently in discussions with a number of prospective companies for its consultancy services as well.
One client company is ZEUS, (www.thezeusapp.com), which helps property owners obtain multiple, free, fast and accurate property valuations while simultaneously generating quality leads for agents. ZEUS is a truly unique platform that works for both sales and rentals. Initially focused in and around London, the company is working with Byzen Digital to assist in its development across the UK.
Nick Christoforou, Founder of ZEUS, stated, “I am extremely excited to be able to work with the wealth of experience that Byzen Digital has to offer and I look forward to a very successful relationship with their team.”
Byzen Digital Announces MOU to Acquire Kelvindale Waste Management Inc.
Kelvindale Develops Refuse Derived Fuel Projects in the Philippines and Other Asian Countries
NEW YORK, NY, July 30, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Byzen Digital Inc. (OTC PINK: BYZN), a technology mergers and acquisitions company, today announced that it has signed a Memorandum of Understanding (MOU) to acquire Kelvindale Waste Management Inc. with offices in Hong Kong and the Philippines. Discussions leading to a signed Letter of Intent (LOI) are underway.
Kelvindale was specifically formed to develop opportunities for renewable energy projects in the Philippines and other Asian countries. The company aims to produce Refuse Derived Fuel (RDF) to be sold to power stations as an alternative or substitute for coal, resulting in a reduction of the consumption of fossil fuels.
In addition to reducing harmful emissions, the production of RDF will provide a means to reduce the tonnage of waste plastics that is currently sent to landfills. For example, a typical coal-fired power plant can save approximately $2 million per year on imported coal costs by deploying just 450 tons per day of RDF.
Chris Percy, President of Byzen Digital commented, “Kelvindale is a very good example of the kind of company that we are targeting to work with. It is a genuine market disruptor with a great staff that is working towards a common goal of successful achievement. I am pleased to announce that we have agreed to a MOU and am confident that a LOI will follow shortly. I hope to be able to provide the market and our shareholders with news of a concluded acquisition in the coming weeks.”
Tom Vincent, Kelvindale Director and Head of Projects, added, "We are excited to be involved with Byzen Digital as we share their disruptor vision and are excited to move our strategy forward together with their team. We are looking to make massive strides in deploying RDF to coal-fired plants through importing non-toxic waste to our plants in addition to handling local waste in countries within our footprint. By using imported waste from locations such as North America, Australia and others, the RDF process will also help to reduce the worldwide waste problem."
Message from President of Byzen Digital
As Byzen Digital moves through the third quarter, I am pleased to provide shareholders with an update of our operational activity.
With the support, direction and hard work of our advisory board and global network of introducers throughout the first half of 2019, Byzen Digital’s management team has been busy continuing to identify acquisition targets across the emerging technology sector. After extensive processes of engagement with a number of companies, we are currently at various stages of moving these target companies to the mergers and acquisition stage.
Due to the sensitive nature of the discussions, as well as the commercial activity of the prospective businesses we are in negotiations with, we will not disclose these companies for the time being. However, I am extremely excited with the potential growth that these companies would collectively bring to Byzen Digital and I look forward to a busy and rewarding end of year.
Our operational business will be underpinned by our corporate strategy as outlined in our previous releases. We expect to make additional announcements over the coming weeks, including our intention to move towards a fully reporting company on the OTC Market.
Thank you for your continued interest and support,
President, Byzen Digital
Byzen Digital Signs Letter of Intent
today announced that it has signed a Letter of Intent to acquire majority ownership of Comparison Group, a marketing and software solutions start-up powering sites in the price comparison space. Definitive agreements for the acquisition are expected to be signed shortly.
Comparison Group was founded by British computer scientist Jason Reed, a former programmer and project manager for several investment banks including Natwest Stockbrokers, Deutsche Bank and Barclays Capital. The purchase will provide Comparison Group with funding to roll out innovative currency comparison sites to the lucrative UK and European markets.
Byzen Digital CCO Chris Percy commented, “Following intensive negotiations, we are pleased to agree to terms to acquire a majority stake in Comparison Group that will provide them with funding to scale their operations for growth. The deal will also assist Byzen Digital in achieving its strategic goals on a number of fronts including providing an attractive revenue stream from entering the UK and European currency comparison markets. We have also identified a host of potential secondary applications for Comparison Group’s innovative search and comparison technology in niche retail and commercial sectors.”
Commenting on the agreement, Mr. Reed said: “I’m immensely pleased to partner with Byzen Digital to bring Comparison Group to market. The company’s financial and strategic support will be invaluable as we work to reach our goal to capture a significant market share of the European currency comparison market.”
The acquisition is part of Byzen Digital’s previously announced intensive mergers and acquisitions campaign which is expected to result in the announcement of at least one transaction each quarter during 2019 and 2020.
Byzen Digital Announces New Board Appointments
Byzen Digital Inc today announced several appointments to its advisory board.
US tech firm Byzen Digital Inc. has announced the formation of an advisory board featuring a wealth of leadership experience in property, fintech, finance, digital asset management and more.
The four-strong panel is set to provide valuable strategic input as Byzen Digital executes a new business plan designed alongside strategic investment associate, The Axiom Partnership.
Bringing more than 35 years’ experience of growth acceleration in telecoms, property development and finance, new advisory board member Shaun Wootton’s experience in closing +$200M deals will prove invaluable as Byzen Digital carries out an intensive mergers and acquisitions campaign over 2019-20.
Further financial expertise will be provided by Garry Potticary, who enjoys more than 30 years of experience in financial markets, acquisitions and investments.
Board members will also offer insights into the commercial deployment of new technology as Byzen Digital develops its capacity as a provider of consultancy services over the next two years.
David Black brings experience the design and delivery of high profile, high volume identity-related solutions for the UK and US Governments, and law enforcement agencies.
He is joined by Sam Buxton, a successful fintech entrepreneur specialising in digital shared ledger technology and digital asset management.
Sam is co-founder and CEO of Digital Asset Management Ltd, a digital asset broker dealer and custodian based in Gibraltar. He is also a non-executive director of Verity, the decentralised oracle for smart contracts backed by Bill Gates, Mark Zuckerberg and Jeff Bezos.
Commenting on the appointments, Byzen Digital COO Tom Beckett said: “Following lengthy negotiations, we are incredibly excited to announce the formation of our advisory board.
“The assembled team represents our first choice for providing leadership and strategy across several key areas during a phase of intensive company growth over the next two years and beyond.
“The broad makeup of the board places at Byzen Digital’s disposal a wealth of business acumen from across the spectrum of business and technology. We look forward to working with the board to realise our exciting plans.”
Byzen Digital Enters Binding Letter of Intent
Byzen Digital Inc. today entered into a binding letter of intent to acquire Fortune8 Technologies, a technology specialist which brings innovative Chinese products to the UK and European retail market.
The deal paves way for future Byzen Digital acquisitions to source technology hardware from China at a competitive price point, and opens access to the lucrative Asia-Europe consumer technology import market. The purchase is part of Byzen Digital’s intensive M&A campaign, which is expected to result in a minimum of one announced deal per financial quarter during 2019 and 2020.
Byzen Digital CCO Chris Percy commented, “We are very excited about the purchase of Fortune8 Technologies, our first acquisition under the Axiom Partnership. The addition of this company into Byzen Digital’s portfolio affords us a host of competitive advantages in dealing with the Chinese and Asian markets. Our discussions have already opened a wealth of valuable connections in Asia, and we believe that the importation of Chinese innovative technology to the UK and Europe will be a significant revenue generator for Byzen Digital.”
Fortune8 Technologies is one of several target companies undergoing due diligence by Byzen Digital and its strategic investment partner, The Axiom Partnership. The Axiom Partnership has pledged up to $10.0 million of financial support to Byzen Digital for the completion of acquisitions over the next two years. The Axiom Partnership is to offer commercial and strategic support with the purchase of Fortune8 as part of the two companies plans to develop a global portfolio of profitable emerging and disruptive technology companies.
Byzen Digital Issues Shareholder Update
Byzen Digital Inc. today issued a shareholder update with details of potential M&A targets.
Chris Percy, President of Byzen Digital, commented, “In 2018, we restructured our business plan, added new management and continued to focus on our long-term goals and aspirations. As we execute our plans and strategies for 2019, we are advancing in various stages of negotiation with four outstanding potential acquisition targets.
“One of our initial targets is a software development and digital solutions provider which we expect to contribute a robust technological infrastructure that can be readily integrated with our additional acquisitions. This target also has excellent prospects for generating significant revenue. We are also assessing a deal within the digital asset management niche which will form the basis for Byzen Digital’s provision of services within this emerging sector. Finally, we have identified two early stage companies which we believe can disrupt the UK’s housing market, their current technological demands form excellent synergy with the capabilities of the two other targets already mentioned.
“Byzen Digital expects to proceed with a letter of intent to one or more of these companies in Q1 2019.
“This corporate activity marks the launch of an aggressive acquisition plan that has the potential to propel Byzen Digital into a multi-talented, one-stop technology agency with many subsidiaries and large opportunities for cross-selling or production,” concluded Mr. Percy
Byzen Digital Announces OTCQB Listing Plans
Byzen Digital Inc today announced the Company’s plans to pursue an uplisting of its common shares to the OTCQB operated by the OTC Markets Group.
The Company believes that a move to the OTCQB will provide enhanced investor benefits as the OTCQB dramatically increases transparency, reporting standards, management certification and compliance requirements. Historically this has resulted in greater liquidity and awareness for companies that reach the OTCQB tier. The move is a step towards Byzen Digital’s long-term goal of becoming a listed company on the NASDAQ national exchange.
Commenting on the announcement, Byzen Digital president Chris Percy said, “I am pleased to announce our intention to apply for listing on the OTCQB. It has always been our intention to one day trade on a national exchange and we are now taking the first steps towards achieving that goal. This listing is part of an ongoing drive to strengthen Byzen Digital’s operational business and corporate activity as the company looks towards implementing its acquisition strategy in 2019.
“This is a very exciting time for Byzen Digital. We believe that the acquisitions we are targeting are set to add value, management infrastructure and excellent opportunities for revenue growth,” concluded Mr. Percy.
Axiom Partnership CEO Tom Beckett added: “We are delighted to announce our intention to seek a listing on the OTCQB for Byzen Digital’s common shares and we believe this news will be welcomed by shareholders. It is our hope that this listing will enhance the company’s access to global markets and place the company at a better vantage point for achieving the long-term commercial objectives developed in partnership with Byzen Digital’s board.”
The application process does not guarantee acceptance of the Company’s application by the OTC Markets Group to the OTCQB
Byzen Digital Appoints Precision Partners
US-technology firm Byzen Digital Inc is to welcome executive search consultant, Tony Summers to its board, following the appointment of Precision Projects as technology partner.
Mr Summers’ new role is one of several new appointments to Byzen Digital over coming months as the company builds an advisory committee to oversee a planned mergers and acquisitions campaign in 2019.
Byzen Digital CCO Chris Percy said Anthony’s experience in banking and fintech recruitment, as well as excellent business links in Gibraltar, Dublin and London, would be vital to the identification and restructuring of acquisitions.
Mr Summers and Precision Projects will also provide vital IT recruitment support, said Chris.
He added: “We are pleased to welcome Tony Summers to the Byzen Digital team. He is a valuable asset in assisting Byzen Digital in widening its commercial contacts in the ever-developing tech sector.
“Tony’s experience in search and recruitment is a natural fit for the vision of the organisation going forward and we have no doubt that his leadership and vision will prove invaluable as the company puts into action a plan for rapid and sustained growth over 2019-20 and beyond.
“The strengthening of our management team, including the appointment of Mr Summers, places Byzen Digital in an ideal strategic position from which to enact these plans and commence due diligence on a pipeline of potential tech acquisitions.”
Mr Summers said: “I am immensely pleased to begin working with Byzen Digital, especially at such an exciting time in the company’s timeline. I look forward to putting my skills and experience to use with the company and playing my part in the ongoing success of Byzen Digital.”
Byzen Digital Launches New Website
Byzen Digital Inc today unveiled a new website to reflect its repositioning in the tech mergers and acquisitions arena.
The site sets out the company’s vision to emerge as a market leader in tech mergers and acquisitions over the next half decade and is accompanied by a bold new rebranding for the company.
Byzen Digital CEO Chris Percy said: “We are very excited to finally reveal the design of Byzen Digital’s new website, which better communicates the company’s bold ambitions to shareholders and stakeholders.
“The site, along with the company’s rebranding, represents a fresh platform from which to launch a major acquisition campaign beginning in Q1 2019. The management team has already identified a potential portfolio of exciting prospects for which due diligence is underway.”
The announcement follows news that the company recently appointed the Axiom Partnership as investment partner to provide strategic guidance over the merger and acquisitions campaign.
Axiom Partnership CEO and Byzen Digital COO Tom Beckett said: “We felt it was important to make a statement that reflects Byzen Digital’s evolving ambition and cements the company’s position as a growing tech mergers and acquisitions organisation.
“The new website makes Byzen Digital future-proof and is set to support the company’s ambitions into the long-term. We look forward to witnessing the growth and development of the site in parallel to the company itself.”
Axiom Appointed Strategic Investment Partner to US Tech Firm
The Axiom Partnership has been appointed as strategic investment partner of US-based public company Byzen Digital Inc, enabling Byzen to move forward with a targeted pipeline of acquisitions in the technology sector.
Axiom and Byzen have identified a number of potential portfolio additions which will now undergo thorough due diligence and suitability audits. Acquisition criteria include mass market appeal with evidenced application, as well as full confidence in the businesses’ intellectual property and personnel.
The Axiom Partnership will offer its commercial experience and expertise to develop a global portfolio of profitable, emerging, and disruptive technology companies. Underpinning this strategy is a pledge to allocate up to $10 million to complete acquisitions over the next two years.
Commenting on the appointment, Axiom CEO Tom Beckett said: “Following 12 months of negotiations, I’m delighted to announce an exciting new working partnership with Byzen Digital Inc.
“With its focus on emerging tech, Byzen is a logical selection. This appointment marks the beginning of a new growth chapter and a continuation of Axiom’s journey at the vanguard of digital change.”
The new relationship will see the first member of the Axiom Partnership join the Byzen board imminently, with further appointments planned over coming months as the company builds an advisory committee during the expected strong growth in 2019-2020 and beyond.
Byzen Digital Inc. signs letter of intent with XALPA Technologies Inc.
Byzen Digital Inc today announced the successful sale of its UK blockchain subsidiary, Telecoin, to XALPA Technologies Inc.
Completion will free Byzen from the multi-solution blockchain platform, paving the way for the company to embark on a planned mergers and acquisitions campaign with companies in the wider technology space.
Commenting on the deal, Byzen CEO Chris Percy, said: “Given the current strategy of Byzen Digital, the board of management believes that this deal will give us an open playing field for engagement with other blockchain players as we explore opportunities in the broader technology sphere.
“Bringing some 16 million shares back into the company treasury, this deal will benefit both Byzen Digital INC shareholders and the Telecoin organisation, which will continue to develop under XALPA Technologies’ ownership.
“We will now be able to cement those new relationships and move on with some very significant partnerships and acquisitions.”
US-Tech Firm Byzen Appoints Axiom Director
US-technology firm Byzen Digital Inc is to welcome Axiom Partnership CEO Tom Beckett to its board.
Following the announcement that the partnership is to act as Byzen’s strategic investment partner, Mr Beckett’s new role is the first of several Axiom appointments to the Byzen board planned over coming months.
Tom brings to the board leadership experience in a diverse range of sectors and will offer his commercial expertise to Byzen as it develops a portfolio of profitable tech companies over the next two years.
Commenting on the appointment, Byzen CEO Chris Percy said: “We are pleased to welcome Tom onboard at Byzen. His formidable experience in the tech and fundraising space will prove invaluable as the company puts into action a plan for rapid and sustained growth over 2019-20 and beyond.
“Strategic direction from Tom and the Axiom team puts Byzen in a stronger position than ever. And it means the organisation is ready to move forward with due diligence on our exciting potential acquisition targets in the tech sector.”
Axiom CEO Tom Beckett added: “I have worked closely with Byzen over the past 12 months while positioning the Axiom Partnership as the company’s strategic investment partner. I look forward to continuing an already fruitful relationship, and to playing an integral long-term role as Byzen continues its development as a major player in the technology space.”