Nixxy Provided An Update On Its Strategy To Acquire Businesses In Traditional Markets And Enhance Operations With Technology And Data Analytics, Includes Acquiring Established Standalone Businesses With Stable Operations And Profitability

Nixxy's strategy includes acquiring established standalone businesses with stable operations and profitability. The company's focus remains on industries poised for digital transformation, which are ripe for digital transformation but have not yet experienced substantial technological disruption.

• Industry Focus: Nixxy is prioritizing sectors where technology can enhance operations and efficiencies.
• Acquisition Criteria: Nixxy seeks businesses with net revenues between $10 million and $100 million and gross profit margins of 40% or higher.
• Technology Focus: Data exploitation and utilizing practical and tangible results-oriented Artificial Intelligence platforms to decipher and analyze data and leverage it within specific industries.
• Leveraging Licensing Agreement With GoLogiq's Radix AI Platform: A global exclusive licensing agreement was signed with GoLogiq, Inc. to license a proprietary artificial intelligence platform named Radix AI, built in 2016 and enhanced over the years, specific to enabling small businesses to utilize AI for business processes and inventory and order management.
• Three-Year Plan: The overarching objective is to target an enterprise value of over $1 billion over the next 36 months, dependent on market conditions and the successful execution of our strategy.

Operational Transformation: Nixxy aims to integrate advanced technology and data-driven insights into the operations of acquired businesses. The Company is currently in advanced discussions with seven acquisition targets that align with our criteria and anticipates making a key announcement in the near future, subject to final agreements.