SINGAPORE, Sept. 26,
2024 /PRNewswire/ -- X3 Holdings Co., Ltd. (Nasdaq:
XTKG) ("X3 Holdings" or the "Company"), a global provider of
digital solutions and technology services across diverse
industries, is pleased to announce that the Company is in the
process of acquiring Xpic Games Co., Ltd. ("Xpic Games"), an
innovative game development and service company, marking a
significant move into the high-growth game service industry. This
acquisition reflects the Company's commitment to tapping into one
of the fastest-growing sectors in entertainment.
Xpic Games is led by a highly experienced team with a proven
track record of producing popular and engaging titles for both
mobile and PC platforms. Xpic Games' expertise spans game design
and development, as well as publishing and game services, enabling
the efficient development and launch of popular titles that
resonate with global gamer communities.
This acquisition offers X3 Holdings a valuable opportunity to
leverage Xpic Games' capabilities and expand the Company's presence
in digital game entertainment, accelerating growth in this dynamic
market. Xpic Games' proprietary AI-integrated development and
operations platform further enhances the efficient creation of
top-quality games across various genres.
Xpic Games has established strategic partnerships with leading
publishing and distribution channels in key target markets,
providing broad access to diverse gamer communities. Its integrated
business model, encompassing design, development, publishing, and
other services, has demonstrated an exceptional ability to monitor
market trends and adapt swiftly, utilizing advanced AI and
data-driven strategies to optimize game launches and achieve
profitability.
This acquisition is particularly timely, as global interest in
digital gaming experiences continues to rise, fueled by the recent
surge in popularity of titles such as Black Myth:
Wukong.
Stewart Lor, CEO of X3 Holdings,
commented, "This acquisition allows X3 Holdings to tap into the
expertise of an innovative team in mobile and PC games. We believe
this move will accelerate our expansion into digital entertainment
and is poised to drive substantial growth for the Company, with
projected net profits expected to exceed $5
million within the next two years."
About X3 Holdings
X3 Holdings Co., Ltd. (Nasdaq: XTKG)
is a global provider of digital solutions and technology services
spanning diverse industries. The Company is operating across
diversified business segments in digital technologies, cryptomining
operations, renewable energy and agriculture technologies. X3
Holdings is headquartered in Singapore with subsidiaries and operations
globally. For additional information, please visit
www.x3holdings.com.
Safe Harbor Statement
This press release contains
forward-looking statements as defined by the Private Securities
Litigation Reform Act of 1995. Forward-looking statements include
statements concerning plans, objectives, goals, strategies, future
events or performance, and underlying assumptions and other
statements that are other than statements of historical facts. When
the Company uses words such as "may," "will," "intend," "should,"
"believe," "expect," "anticipate," "project," "estimate" or similar
expressions that do not relate solely to historical matters, it is
making forward-looking statements; specifically, the Company's
statements regarding listing on the NASDAQ Capital Market and the
IPO are forward-looking statements. Forward-looking statements are
not guarantees of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company's goals and strategies; the Company's future
business development; product and service demand and acceptance;
changes in technology; economic conditions; reputation and brand;
the impact of competition and pricing; government regulations;
fluctuations in general economic and business conditions in the
markets that the Company operates and assumptions underlying or
related to any of the foregoing and other risks contained in
reports filed by the Company with the SEC. For these reasons, among
others, investors are cautioned not to place undue reliance upon
any forward-looking statements in this press release. Additional
factors are discussed in the Company's filings with the SEC, which
are available for review at www.sec.gov. The Company undertakes no
obligation to publicly revise these forward-looking statements to
reflect events or circumstances that arise after the date
hereof.
For more information, please contact:
Corporate Investor Relations
X3 Holdings Co., Ltd.
Email: ir@x3holdings.com
Website: www.x3holdings.com
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SOURCE X3 Holdings Co., Ltd.