Exxe Group Inc. Reports Huge Quarter, New Research Report to Be Released

Exxe Group Inc. Reports Huge Quarter, New Research Report to Be Released

Revenue Jumps Over 240%, Equity Rises by 110% in June 2019 Quarter

 

New York, NY -- August 23, 2019 -- InvestorsHub NewsWire -- Exxe Group, Inc. (OTC PINK: AXXA), a diversified company focused on synergistic acquisitions in real estate, sustainable technology, media, financial services and agriculture, announced strong year-over-year, quarterly financial results for the period ended June 20, 2019.

The Quarter

Revenue grew by over 240% to $1.2 million as compared with $348,439 for the same period last year. The growth in revenue was diverse and across multiple holdings, led by sales and income generated by its new real estate, mortgage, industrial and agriculture holdings. Given the strength across the spectrum, management is very encouraged regarding future revenue growth performance in the second half of the year. Moreover, investors will be pleased that the integration of the recently closed transactions should begin to drive our cross-holding growth.

Shareholder’s equity rose to $80.3 million versus $37.8 million in the corresponding quarter in 2019, an impressive 110% increase. This figure is a key measure that demonstrates that the company’s aggressive, targeted acquisition and operations strategy is succeeding. Investors should expect a series of new Letters of Intent to be announced prior to the end of the current quarter. Once closed, these transactions will further increase our reach and financial performance. 

Management View

We believe that our low current  $5.9 million market cap is not reflective of our $80.3 million book value or future values. In an effort to resolve this market disconnect, an independent research report commissioned by the company providing a review and assessment of current and future valuations for the company will be released before month-end.

About Exxe Group
Exxe Group is a diversified corporation focusing on acquisitions in the following sectors: real estate, technology, media, and financial services. Exxe Group is an acquisition-driven company. The Company strategy is to acquire controlling equity interests in undervalued companies and undertake an active role in improving their performance - accelerating their growth by providing both access to capital and management expertise. For additional information go to www.exxegroup.com

CONTACT: Exxe Group IR: [e-mail]

 

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that may cause our results, levels of activity,performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release.