Premier financial information company ChineseInvestors.com, Inc. (OTCQB: CIIX) this morning announced its entry into a letter of intent to acquire the assets of XBTeller.com, a leading Colorado cryptocurrency ATM and over the counter operation. XBTeller.com currently has nine ATM locations throughout Colorado and is currently reporting approximately $500,000 in unaudited monthly revenues. “The acquisition of XBTeller.com provides ChineseInvestors.com, Inc. the opportunity to expand its current cryptocurrency and blockchain business to include a retail facing service,” Paul Dickman, CFO of CIIX, stated in the news release. “The combined synergy of the media and internet education services, the mining, and the ATM/OTC operations is expected to generate $10m-15m in revenue in the first twelve months following complete integration.” Per the update, the companies have until June 30, 2018, to enter into a definitive asset purchase agreement related to this acquisition.
To view the full press release, visit http://ibn.fm/Rt79e
About ChineseInvestors.com
Founded in 1999, ChineseInvestors.com endeavors to be an innovative company providing: (a) real-time market commentary, analysis, and educational related services in Chinese language character sets (traditional and simplified); (b) advertising and public relation related support services; and (c) retail and online sales of hemp-based products and other health related products. For more information visit www.ChineseInvestors.com
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