- Xigem Technologies Corporation (XIGM) purchased substantially all of the assets of EchoDigital from EAF Group of Companies for $892,450
- EchoDigital is a SaaS-based platform using its proprietary AI to seamlessly generate leads from traditional sources
- Xigem Technologies Corporation seeks to become a leading technology provider for the emerging near-trillion-dollar remote economy
- Xigem Technologies Corporation (XIGM) opened trading at $0.055 per share
Xigem Technologies Corporation (XIGM) purchased substantially all of the assets of EchoDigital from EAF Group of Companies for $892,450.
EchoDigital is a SaaS-based platform using its proprietary AI to seamlessly generate leads from traditional sources. EchoDigital is designed to optimize sales funnels and enhance conversion rates while reducing risk and spending on customer acquisition.
“We expect EchoDigital to make an immediate financial contribution based on its current business, with potential growth from marketing the platform within the automotive sales space as well as other sectors,” said Brian Kalish, co-founder and Chief Executive Officer of Xigem.
“EchoDigital can be a source of competitive advantage for companies who wish to make use of the most advanced technology to efficiently and effectively increase their sales,” he added.
EchoDigital currently supports the EAF GROUP, a vertically integrated automobile sales, leasing, servicing, finance and warranty provider.
The company has purchased assets of EchoDigital for consideration of 8,924,495 common shares in accordance with terms of the asset purchase agreement signed on February 24, 2023.
Based on the closing price of the company’s common shares on February 24, 2023, the shares are valued at $892,450.
EchoDigital will be operated as a wholly-owned subsidiary of the company.
Xigem Technologies Corporation seeks to become a leading technology provider for the emerging near trillion-dollar remote economy, with software capable of improving capacity, productivity, and overall remote operations for businesses, consumers, and other organizations.
Xigem Technologies Corporation (XIGM) opened trading at $0.055 per share.