Exxe Group Inc (OTCMKTS:AXXA) Acquisitions Gaining Traction

Exxe Group Inc (OTCMKTS:AXXA) is, without doubt, a break out play, as investors react to its aggressive acquisition drive. The announcement that the company is set to quadruple revenues in 2019 is one of the developments that affirms the fact that the stock is a fundamentally attractive investment.

Catalysts and Share Price Analysis

The company is fresh from signing a new contract that is poised to increase projected revenues for the year by 100%. Exxe Group is also in the process of completing two major acquisitions as it continues to strengthen its operations in the real estate sector. Late last year, the company inked a deal to acquire 5-star luxury residences in Manhattan. It also inked a deal to acquire Quantum Leap Hotels in a deal worth €10.2 million.Investors have reacted positively to the acquisition drive that once again reaffirms the company’s growth prospects. The stock has since resorted to trading in an uptrend with pullbacks acting as buy opportunity from where the stock has continued to surge.The stock is already up by more than 50% in 2019 in what is turning out to be a turnaround year, after the underperformance of 2018. After the recent spike, price action activity faces immediate resistance at the $0.03 level. AXXA Daily ChartThe stock rallying and stabilizing above the $0.03 mark should affirm the emerging uptrend setting the stage for the stock to continue powering high in response to improving fundamentals. For the stock to turn bullish, it needs surge and closes above the $0.05 mark.

About Exxe Group

Exxe Group is a diversified holding company focused on synergistic acquisitions in real estate, Fintech as well as media and financial services. The company buys and develops real estate properties such as apartments residential and self-storage properties. It also provides financing services to investors.

Acquisition Spree

Exxe Group rally from all-time lows is in response to investors reactions to the company’s acquisition drive. In recent months, the company has embarked on an aggressive acquisition drive as it continues to expand its footprint in various sectors.The company is fresh from signing a memorandum of understanding for the acquisition of a VIP digital communities holding that delivers VIP concierge services. The $8 million acquisition is structured as an installment purchase.With the acquisition, Exxe Group gets to add a scalable tech and social media asset, in its current portfolio of holdings. The acquisition is part of the company’s push for opportunities in the digital and physical community’s space. The acquisition also provides the company access to an established, seasoned business with positive cash flow.

“The acquisition of the VIP platform is another essential addition to our vision of connected spaces and communities and is an integral part of our business plan catering to meet people’s financial, emotional and functional needs. I look to the Exxe/VIP alliance to significantly increase our revenues going forward and add to our financial network,” said CEO, Edward Nazmiev.

Late last year Exxe Group made inroads in the real estate with the acquisition of Quantum Leap Hotels, a Swiss hotel that also operates boutique hotels in Germany. With the acquisition, the company gains access to an asset capable of generating revenues of up to €3.6 million with an EBITDA of €0.8 million. All the properties are profitable. The company plans to acquire up to 10 more hotels as part of the expansion drive.

Software Development deal

The acquisition of the VIP service provider comes just days after Exxe Group confirmed the signing of long-term software development in the insurance sector. Softmart is the company’s wholly owned subsidiary for software consultancy and digital management.The subsidiary is also fresh from signing a deal to provide software and strategy consultancy with a B2B e-commerce company. The new contract is poised to increase the company’s projected revenues this year by 100%.

“The current deal is Exxe Group’s first in an effort to increase revenues generated from a new endeavor to acquire more enterprise clients for Exxe’s digital solutions. It is yet another example of Exxe’s synergistic deployment of various solutions from its partner companies under one corporate umbrella,” said Joseph Cohen, CEO of Softmart.

What Next For Exxe Group.

Exxe Group is trading at a discount if recent developments are anything to go by. The company has carried out a string of acquisition as part of its expansion plan. With the company, expecting robust revenue growth, given the acquisitions carried out so far, explains why the stock looks set to continue climbing the ladder.For early movers, Exxe Group is an ideal play as it is trading at a discount but with huge prospects of growth supported by acquisitions.We will be updating our subscribers as soon as we know more. For the latest updates on AXXA, sign up below!Disclosure: We have no position in AXXA and have not been compensated for this article.Image courtesy of Pexels