Deerfield Beach, Florida, July. 19, 2023 /PRNewswire/ — July 19, 2023 – Loyalty Superstore Inc. announced today that it has terminated its contracted agreement with Xalles Holdings, Inc. (OTC:XALL), due to Xalles’s inability and failure to fund under the terms of the acquisition agreement as announced on March 23, 2023.
Martin Berns, CEO of Loyalty Superstore, Inc. stated “We are extremely disappointed with Xalles’s inability to fund, close this transaction, and meet all contractual obligations. LSS stock was issued to Xalles Financial Services Inc which was to be exchanged for Xalles shares plus cash. The shares were issued 90 days late and the cash payments under the agreement never occurred.
Berns continued “Xalles’s breach has caused us to miss other financial opportunities and resulted in irreputable damage.”
About Loyalty Superstore
The Loyalty Superstore management team has over 20 years of experience in the incentive industry and in building white label, rewards/rebates web-based cash back shopping malls and small merchant communication and marketing platforms. Our one-of-a-kind white label technology allows clients to customize our National Mall® and LOCAL THANKS℠ platforms instantaneously with their own graphics, videos, text and information. The cash back National Mall® is marketed to medium and large sized clients. They utilize the platforms as customer acquisition, retention and loyalty value added benefits. The Malls include a link to local shopping through the company’s LOCAL THANKS℠ platform.
For information about Loyalty Superstore visit: LoyaltySuperstore.com
For Further Information Contact:
Loyalty Superstore, Inc.
Martin Berns, CEO
martin@loyaltysuperstore.com
561-213-5155
