Accelerated Technologies Holding Corporation, (OTC PINK: ATHC), Announces Letter of Intent to Acquire Food Importer and Distributor For $4,000,000

NEW YORK, NY / ACCESSWIRE / January 18, 2022 / Accelerated Technologies Holding Corporation. (the "Company" or "Accelerated") (OTC PINK:ATHC). ATHC is a FinTech holding company that provides business services for SMB's and owns and operates disruptive technologies products in the sectors of artificial intelligence, short-term alternative funding platforms, electronic payment solutions, social engagement, health, and wellness solutions, is pleased to announce a letter of intent to acquire a company with exclusive importation rights, distribution, and sales of food and beverage products. The intended strategic acquisition will fast-track ATHC's deployment of its ROMPOS small business solution while adding in excess of five million ($5,000,000) in annual revenue. The significant bottom line will propel Accelerated Technologies to profitability. As part of the non-disclosure agreement, ATHC may only refer to the acquisition target as "Food Distributor Network".

The Food Distributor Network is a New York-based privately held importer and distributor of specialty foods and beverages. Established in 2009, the network distributes to approximately 550 small businesses throughout the United States with the heaviest concentration in New York City. The Food Distributor Network demonstrated stable annual growth and 2021 annual sales of approximately $5,000,000. ATHC intends to utilize its own ROMPOS platform to enhance revenues and dramatically increase the current bottom line of approximately $500,000 EBITDA. In addition, ATHC will launch several sites to further generate revenues, digitize operational mandates to eliminate inefficiencies while expanding sales to generate significant additional revenues.

The letter of intent contemplates the issuance of 3,200,000 common shares as consideration for the acquisition at a deemed price of $1.25 per share. Accelerated Technologies will acquire all shares (100%) of the Food Distributor Network. The transaction is subject to adjustment based upon revenue and stock performance criteria, and to certain conditions, including further completion of due diligence and the negotiation and execution of a formal purchase and sale agreement ( the "Agreement"), receipt of applicable approvals, and standard closing conditions before May 15^th, 2022.