CUEN - Cuentas Announces Final Stage of Fintech and Mobile Product Development Targeting $18 billion North American Market

Cuentas provides an update on the 'Cuentas 360' and 'Cuentas' Mobile Apps with First-to-Market Gaming Library and Token Rewards Features. Provides Update on Majority Stake Acquisition of World Health Energy Holdings, Inc. (OTC: WHEN) setting a Proposed Premium Price per Share Value of $10.

MIAMI BEACH, Fla., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Cuentas, Inc. (Nasdaq: CUEN & CUENW), the leading developer of a fully integrated telecommunications and financial ecosystem for the unbanked and underbanked Hispanic market, provides an update on its 'Cuentas 360' mobile app and its Mobile Fintech 'Cuentas App' with first-to-market features, including Gamification and a Tokenized Rewards program, and discloses a premium price per share of $10 for the majority acquisition of World Health Energy Holdings, Inc. (OTC: WHEN).

Cuentas provides an update on its integration of digital and mobile protection software, branded as 'Cuentas 360.' Management expects to launch its application in a selected end-user test group in the next ninety days. The application will offer advanced features compared to other benchmarked products, including an advanced layer of security, scanning, and protection. 'Cuentas 360' is a core component of the software included in the previously announced majority acquisition of WHEN Group.

WHEN Group (OTC Pink: WHEN) will become a majority-owned subsidiary of Cuentas through a proposed share exchange transaction. The proposed premium price per share has been valued at $10 per CUEN share. Cuentas' Board of Directors has approved the transaction, and the companies expect to complete it by the year-end of 2023. The closing is contingent on several factors, including, without limitation, the approval of Nasdaq and the shareholders of Cuentas.

Simultaneously, Cuentas is launching an updated version of its fintech 'Cuentas' mobile application. It will include all its advanced financial services modules plus a new set of first-to-market features. These features encompass a full library of gaming apps and a highly advanced tokenized rewards program. The tokens will be available for sharing from a 'Cuentas' mobile app user to another 'Cuentas' mobile app user and to any device-independent user, creating a true borderless ecosystem never before launched in North America. This solution is supplied by an exclusive commercial and technology partnership established by Cuentas.