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     113  0 Kommentare Neon Bloom Completes Acquisition of Advanced Executive Sales, LLC

    Acquisition Expected to Lead Company’s New Focus and Acquisition Efforts into Fintech and SAAS Sectors

    NEWPORT BEACH, Calif., June 21, 2024 (GLOBE NEWSWIRE) -- Neon Bloom, Inc. (OTC PINK: NBCO) (the “Company”), announced today that it has completed the acquisition of Advanced Executive Sales, LLC (AES), a leading financial services company providing business development and software solutions to all types of businesses, specializing in electronic payment and card processing.

    Following several months of negotiations between Neon Bloom and Mr. Greg Bauer, the Managing Member of AES, resulting in a mutual agreement on April 15, 2024 as to the structure and consideration for the acquisition, the Company and Mr. Bauer finally completed their respective due diligence and closed this week.

    As part of the final agreement, the Company Mr. Bauer returned 200,000,000 shares of the Company’s Common Stock, returning 50,000,000 shares of Common Stock in exchange for 2,000,000 shares of the Company’s Series B Convertible Preferred Stock. The restructuring of the acquisition consideration reduced the number of shares of the Company’s Common Stock issued and outstanding to 212,260,668 shares. Mr. Bauer was also appointed as a member of the Company’s Board of Directors and as its Chief Executive Officer.

    Under the terms of the final agreement, AES will be converted from a Florida Limited Liability Company to a Florida C-Corp and continue to operate as a wholly owned subsidiary as "Advanced Executive Sales Inc.".

    About Neon Bloom:

    Neon Bloom, Inc. (OTC PINK: NBCO) is a diversified enterprise group, currently engaged in the development of new life-science technologies, technologically improved financial services, and other
    emerging business with potentially high growth and other cross-industry segment synergistic qualities. With the closing of the acquisition of Advanced Executive Sales LLC, the company is expected to have annual revenues in excess of $20,000,000 and growing. The Company intends shift its focus to the financial services sector and grow revenue and net asset value by organic growth and through additional acquisitions utilizing shares of its common stock, non-convertible promissory performance-based notes, and cash as available.

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    Neon Bloom Completes Acquisition of Advanced Executive Sales, LLC Acquisition Expected to Lead Company’s New Focus and Acquisition Efforts into Fintech and SAAS SectorsNEWPORT BEACH, Calif., June 21, 2024 (GLOBE NEWSWIRE) - Neon Bloom, Inc. (OTC PINK: NBCO) (the “Company”), announced today that it has completed …