Excelsior acquires Touchstone International Business Services Ltd

By: Excelsior Solutions Corporation
 
NIAGARA FALLS, N.Y. - May 11, 2021 - PRLog -- Excelsior Solutions Corporation (OTC Markets:  BRYN) has acquired Touchstone International Business Services Ltd. in an all-stock transaction.

Touchstone, based in Toronto Canada, provides corporate secretarial services such as incorporations, minute book management, accounting services, news releases and regulatory filings. It has four offices in North America and is able to provide services globally through an expanding affiliate network.

The acquisition of Touchstone will add approximately $250,00 CAD in annual revenue as well as allow Excelsior to implement a number of organizational changes to streamline our provision of services and simplify dealing with the various operating companies.

The 100% acquisition of Touchstone was done based on a Memorandum of Understanding dated July 31, 2017 with its parent company, BizToolz Network Inc.  BizToolz will receive 10,598,140 common shares in exchange for 100 percent of Touchstone.  This transaction completes the terms of the Memorandum of Understanding with BizToolz Network.

About the company: Excelsior Solutions Corporation, listed on the OTC Markets (symbol: BRYN) has developed a proprietary technology platform to provide Corporate, Capital and Communication services to businesses globally. The company currently has four operating subsidiaries, Integral Transfer Agency Inc., Integral Transfer Agency USA Inc., Vybe Networks Inc., Touchstone International Business Services Ltd. and Excelsior Finance Corp.

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 time sat, 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.

www.excelsiorsolutions.biz
www.touchstoneservices.biz

End
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Tags:Acquisition
Industry:Business
Location:Niagara Falls - New York - United States
Subject:Mergers
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