Accredited Solutions (OTC: ASII) is pursuing an ambitious strategy to become a dominant player in financial technology, with a focus on e-gift cards and blockchain-based payments. The company has executed a Letter of Intent (LOI) with Everest Consolidator Acquisition Corporation to facilitate a Nasdaq listing, which management believes will enhance market credibility and capital access.
The global gift card market, which exceeded $500 billion in 2023, is projected to surpass $700 billion by 2027. Simultaneously, blockchain payments are expected to grow from $10 billion in 2024 to over $60 billion by 2030. Recognizing this potential, Accredited Solutions has signed a Memorandum of Understanding to acquire ItsBChain, a blockchain infrastructure company.
CEO Eduardo Brito highlighted the strategic importance of the potential Nasdaq uplisting, noting it could reduce listing time by at least 50% and does not require a reverse stock split. The company would retain its name and ticker symbol throughout the process.
Financially, Accredited Solutions has demonstrated significant growth, with revenue per share increasing tenfold from $0.0011 in 2023 to $0.0119 in 2024. The company anticipates booking more than $2.5 million in net earnings for fiscal year 2024 and forecasts $85 million in revenue for 2025.
The proposed acquisition of ItsBChain aims to create a unified, blockchain-powered e-gift solution in a currently fragmented market. By combining ItsBChain’s scalable technology with its existing fintech distribution channels, Accredited Solutions seeks to establish market leadership in digital gifting and embedded payment solutions.
The company’s strategy emphasizes responsible capital management and balance sheet transformation, positioning itself to attract institutional financing and potentially unlock significant shareholder value. Management believes the current valuation represents an attractive entry point for investors ahead of the anticipated Nasdaq listing and post-acquisition integration.
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