ALUF Holdings Inc OTCMKTS: AHIX and its Merger Spree

679

ALUF Holdings Inc OTCMKTS: AHIX is a holding company whose primary focus is the identification, acquisition, management, and aggressive growth of companies in the burgeoning biometrics and blockchain technologies.

AHIX’s merger and acquisition model targets unique biometrics and blockchain enterprises with key common attributes and parameters. These include stellar management, a broad proprietary product and service offering, dedicated research and development, robust margins, high-growth potential, economies of scale, and low barriers to rapid, efficient integration of operations, especially sales, marketing, and customer service. As it expands, AHIX’s overall portfolio of products and services will include secure, scalable, digital cyber security solutions for hyper-positive human identification, access management, feasibility studies, customized communications and automation analysis, bespoke software development, and other advanced technologies for facial, voice, fingerprint, finger vein, retinal scan, and recurrent still frame and video comparison verification. www.aluf.com

ALUF Holding on April 4th, 2019 named a new Board of Directors to guide the company into its next generation of development, articulated a core concentration on biometrics and blockchain technologies, and identified an initial market focus in aviation, health care and government. The company has also completed their preclosing process for finalizing its major acquisition in the Biometric space.

“Biometrics is disruptive, transformative, and revolutionary,” says Ben Zandi, incoming Vice Chairman of Aluf’s new Board of Directors. “When you combine the power and portability of these ultra-identification technologies with zero knowledge storage, encryption, privacy, security and trust available through blockchain, you have a solution that is game-changing. We’re going to be the ones that bring that to market.”

The new Aluf Board features highly-accomplished visionaries who bring with them extensive experience in technology development and growth to guide acquisitions, reshape infrastructure, and propel them into the future.

“Our Board represents the top of the food chain in aviation, private equity, communications, artificial intelligence, biometrics and blockchain technologies,” says Donald Bennett, Chairman of the Board. “We are now in a strong position, backed by deep experience, to leverage our expertise for optimum shareholder value.”

“We are proud and excited to have these accomplished and dedicated individuals as members of our Board of Directors,” says Teresa McWilliams, Interim CEO. “In addition to their contributions to our technology success we can finally begin the launch of other long-term investor relations goals such as up-listing from Pinksheet to NASDAQ or better and completing a Registration Statement.”

In addition to Mr. Bennett and Mr. Zandi, President and CEO of Fraport USA, the Aluf Board includes Teresa McWilliams, Interim President and CEO and Chief Financial Officer of Aluf, and Directors Philip Elias, President, CEO of Elias-Savion Advertising and VELOCITY World Media; Dany Bouchedid, Founder and CEO of COLOTRAQ; Lisa Marks-Canty, CEO, ChainNinja; Andrew Moore, CEO of CogxVision; Sanjay Chopra, co-Founder and CEO of Cognistx; Blaine Frederick, Co-Founder and Principal of BDIS; Benjamin Richter, Founder and CEO of Bradford Airport Logistics and Bradford Swissport Logistics; and Gary Morse, Founder, President and Chief Cybersecurity Consultant for Razorpoint Security Technologies, Inc.

In its Latest press release on April 10th, 2019 ALUF Holdings Inc signed a definitive agreement to acquire Interaqt Corporation, d/b/a COLOTRAQ. The transaction is conditioned on customary closing conditions; however, closing is expected on or before April 30, 2019.

Headquartered in Parsippany, New Jersey, COLOTRAQ is the foremost global sourcing advisory firm and master agency for data center infrastructure services and owner/operator of an industry-first cloud-based software, DCITRAQ, which allows clients, or their representatives, to easily source Cloud, Colocation and Connectivity and Cybersecurity services through COLOTRAQ’s direct agreements with over 400 vendors worldwide.

Teresa McWilliams, Aluf Holdings Interim President & CEO, commented: “The market position and technological strength of COLOTRAQ will make this acquisition significant to our long-term growth strategy with a particular focus on IT Infrastructure, Data Center and Cloud Services. COLOTRAQ has a 20-year proven track record of providing high performance solutions and support services to multinational corporate enterprises and government agencies. We believe that the completion of this acquisition will be beneficial both for Aluf and Interaqt and for their employees, customers, and shareholders.”

Dany Bouchedid, Founder & CEO of COLOTRAQ, added: “This is by far the most exciting and transformative event of COLOTRAQ’s 20-year history. The fact that we will continue to operate as COLOTRAQ with the same great team but have access to far more resources than ever before will really help us scale and expand quickly to meet the challenges of better serving our clients and channel partners.”

LEAVE A REPLY