- Deal Makes Gex Management Cash Flow and earnings positive
- Enter into an equity swap agreement
Dallas, TX, Dec. 28, 2021 (GLOBE NEWSWIRE) -- Gex Management Inc. (OTC:GXXM) has signed a technology support agreement with Quad M Solutions Inc. (OTC:MMMM). Under the agreement, GXXM will provide on going back office, tech support and product development. GXXM will receive $5 per employee per month for each employee with full insurance benefits. There is a minimum of $100,000 a month payment. GXXM’s vast expertise in blockchain, digital wallet and DeFi technology has proven crucial to aiding Quad M Solution’s transition to a Insurtech and Payment technology company. To further incentivise each corporation to aid each other, GXXM and MMMM have agreed to an equity swap agreement with each side signing a two year lockup. GXXM is to receive 10 million common shares of MMMM, and MMMM is to receive a convertible preferred into 20 million shares of GXXM.
Mr. Joseph Frontiere said “GXXM has a top flight technical team with experience in Blockchain and DiFi technology. Quad M needed such expertise to finalize the development of its on-boarding technology called LOLA and its payment and payroll technology. This deal allows GXXM to become a profitable and cash flow positive company. It actually replaces an almost exact amount of MMMM expenses with a significant upgrade. The share exchange will allow both companies to benefit from each others’ bright future.”
About GEX Management
GEX Management, Inc. is a Management Consulting company providing high end Strategy and EnterpriseTechnology Consulting solutions to public and private companies across a variety of industry sectors. http://www.gexmanagement.com
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