DigiMax Global (CSE: DIGI) (OTC: DBKSF) has entered into a nonbinding memorandum of understanding (“MOU”) to acquire all issued and outstanding shares of Spetz Tech Ltd. According to the company, Spetz has developed artificial intelligence (“AI”) software that operates a revolutionary mobile application designed to connect customers to top-rated providers of professional services in their vicinity. That connection can be scheduled or can be immediate, depending on a user’s preference. The MOU was signed on April 25, 2022, and outlines DigiMax’s agreement to issue 250 million common shares of the company in exchange for 100% of Spetz’s issued and outstanding shares. According to the announcement, that should be an estimated 47% of the outstanding shares of the company after the acquisition is complete. “We have spent a great deal of time with the Spetz team over the past few months, and we have been impressed with the hardworking, single-purpose driven nature of the team despite already enjoying strong growth,” said DigiMax CEO Chris Carl in the press release. “We believe this makes a great fit with the DigiMax team. We are excited to be able to help accelerate the Spetz growth plans through the synergy with DigiMax resources in North America combined with the product and services that Spetz has already developed. Our view is that Spetz has the potential to scale its impressive existing revenue quickly with excellent profit margins.”
To view the full press release, visit https://ibn.fm/rm1tK
About DigiMax
DigiMax is an artificial intelligence (“AI”) technology company committed to unlocking the potential of disruptive technologies by providing advanced financial, predictive and cryptocurrency solutions across various verticals. DigiMax is an official IBM partner, and the company’s engineering team has extensive experience in machine learning, neural language processing, AI, big data and cryptocurrency technology. For more information about the company, please visit www.DigiMaxGlobal.com.
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