Electronic Servitor Publication Network, Inc. (OTCPK: XESP) (the "Company") completed the acquisition of All Assets of Phitech Management, LLC.
December 21, 2023
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Electronic Servitor Publication Network, Inc. (OTCPK: XESP) (the "Company") signed a Term Sheet to acquire All Assets of Phitech Management, LLC for $2.5 million on October 27, 2023. Pursuant to this transaction (the ?Asset Purchase?), the Company will pay an aggregate purchase price of $2,500,000, plus the assumption of the assumed liabilities for Phitech?s assets, including its proprietary technology. Upon consummation of the Asset Purchase, the Ten Million (10,000,000) shares of common stock of the Company held by Phitech, representing 100% of Phitech?s ownership of the Company, shall be cancelled and returned to the Company?s treasury. The Company will acquire the proprietary technology held by Phitech pursuant to the terms of the Asset Purchase Agreement.
Electronic Servitor Publication Network, Inc. (OTCPK: XESP) (the "Company") completed the acquisition of All Assets of Phitech Management, LLC on December 22, 2023.
Electronic Servitor Publication Network, Inc. is a digital engagement company providing growth for B2B companies through its digital activation and engagement solutions for multiple verticals. The Companyâs managed service product is developed through a tech stack, the Digital Engagement Engine. The Companyâs technology provides intelligent interaction management, dynamic content provisioning, and a logic-driven workflow that creates relevant digital experiences that accelerate an audience from awareness to action. It provides business-to-business (B2B) companies with a fully managed service designed to expand their digital presence and to create connections with their target audiences. The managed service also provides companies with opportunities to reduce or redeploy personnel.