Accelerated Technologies Holding Corporation, (OTC PINK: ATHC), CFO and CEO Update to Stakeholders

NEW YORK, NY / ACCESSWIRE / July 11, 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 update shareholders in a statement by newly elected CFO and Co-Chairman of the Board of Directors, Damiano Coraci.

As a priority, Accelerated Technologies Holding Corporation will begin internal audits to accommodate ATHC's up-listing efforts to NASDAQ. Additionally, in preparation, ATHC will immediately modify and implement internal procedures, establish a performance based compensation committee and explore favorable financing options, while broadening its outlook on potential acquisition targets.

The Company is contemplating a $20 million infusion to execute its initial strategy. As the Company evolves, additional capital will be required. ATHC intends to accommodate financing needs with minimal dilution in its efforts to build shareholder value.

ATHC incurred significant delays due to Covid and the current circumstances in Ukraine that are impeding on the Company development efforts. The current Russian-Ukrainian war will delay any consideration of executing on the Company's intended acquisition. The New York based food and beverage distributor primarily imports products from Russian and Ukraine. ATHC will immediately begin campaigning for alternative targets," Said Damiano Coraci, CFO and Co-Chairman. "To build shareholder value while mitigating dilution, ATHC will take inquiries from existing stake holders first. In addition, we will explore traditional financing options, including Reg A, Debenture and secondary offerings. The outlined plan will be available for viewing within 10 days."

"While the intended acquisition would bring tremendous shareholder value, ATHC is not prepared to take the inherent political risk in the Russian - Ukrainian region. When the existing conflict is settled, we will revisit acquiring the company. Accelerated Technologies will aggressively seek U.S. based strategic acquisition targets that meet our revenue requirements and compatible clients for ATHC's initiatives. Mr. Damiano enables ATHC to explore payroll and bookkeeping service providers as targets. "said Harry Falkenberg, Chief Executive Officer and Chairman of The Board of Accelerated Technologies. "The intended raise of $20 million to expedite its initiatives, propel its developments and aggressively launch it technologies."