Technology

HUMBL acquires Latin American technology company Ixaya

HUMBL acquires Latin American technology company Ixaya

San Diego, CA, March 07, 2022 (GLOBE NEWSWIRE) — HUMBL, Inc. (OTCQB: HMBL) today announced the acquisition of Ixaya Business SA de CV, a Mexico-based company with more than fifteen (15 ) years of experience developing software and IT solutions for the automotive, banking, payments, financial services, oil and gas, real estate, and cybersecurity industries.

With this acquisition, HUMBL gains direct access to over thirty-five (35) Ixaya technology team members specializing in product design, front-end engineering, back-end engineering, operations development and blockchain development.

Ixaya will continue to operate as a stand-alone business and serve its existing customers in Latin America. The company will also prioritize its work with HUMBL Consumer Division and HUMBL Blockchain Services Business Division to foster mutual expansion in North America and Latin America.

Current Ixaya clients include Hitachi, Mazda, Grupo Innova, PyLC, Point Capital, US México Chamber of Commerce, El Corte Ingles, H Ayuntamiento Guanajuato, Pago Gas, Botas Caborca, Quick Food & More, Centro Fox, Mexico Business Events , Kasai, Moriroku, Banco Mercantil del Norte, Cluster Industrial, Gobierno del Estado Guanajuato and Shell México.

As part of the transaction, HUMBL also acquired several off-the-shelf software offerings in Latin America that can be selectively rebranded and marketed under the HUMBL product family. These software products include:

yoPago: A secure and certified mobile payment and collection solution that simplifies the mobile collection process using acquirers such as Citibanamex, Banorte Payworks, Banorte Payworks + 3D Secure, Conekta.io, OpenPay, Stripe and Authorize.Net. The yoPago solution has processed over one million transactions.

Cook + Serve: A mobile payment and ordering system for restaurants and merchants to quickly collect payments and send instructions to kitchen staff to start production in a fast and agile way. Cook + Serve works in both brick-and-mortar restaurants, as well as delivery-focused “dark kitchens.”

Atenda: A mobile application and a management solution for fairs, conferences and public keynotes in white label fully customizable according to the events. Atenda can be used to enhance the attendee experience through custom branding, colors, screens, ticketing, scheduling and more; as well as peer-to-peer (P2P) chat and social networking capabilities between participants.

PetroControl: A gas station management system for volumetric control and monitoring of gas stations, including preset pump control, fuel allocation, tank monitoring, receipt printing, etc., which has processed more than 43 million car refuelings in Latin America.

“Latin America is our primary regional focus outside of the United States as a result of the COVID-19 pandemic,” said Brian Foote, CEO of HUMBL. “We see that not only is there a strong interest in Web 3 and blockchain across Latin America, but there is also high-quality, low-cost, fast-paced engineering talent. We welcome the Ixaya team to the HUMBL family and look forward to working alongside them.

“HUMBL has a strong CEO, brand and product vision for the future of Web 3,” said Ixaya CEO Gustavo Moya Ortiz. “We look forward to integrating with HUMBL’s US technology teams to accelerate the business; as well as grow our mutual sales and product lines in the North America and Latin America regions through this consolidated solution.

HUMBL acquired all of the outstanding shares of Ixaya in exchange for 8,962,306 common shares of HUMBL and $150,000 in cash. To mitigate any dilution to HUMBL shareholders, HUMBL CEO Brian Foote will personally cancel a concurrent amount of his Series B shares to offset the HUMBL common stock issued as consideration for the purchase.

On Ixaya

Ixaya Business SA de CV is a Mexico-based company with more than 15 years of experience in the development of software and IT solutions for the automotive, banking, payments, financial services, oil and gas industries. gas, real estate and cybersecurity. For more information: www.Ixaya.com

About HUMBL, Inc.

HUMBL is a web 3 blockchain platform with consumer and commercial divisions.

Safe Harbor Statement

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the use of the words “may”, “will”, “should”, “plan”, “expect”. to, “plans”, “continues”, “estimates”, “plans”, “intends” and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, the Company’s ability to successfully execute its broader business strategy, including entering into definitive agreements with suppliers, business partners and customers; general economic and business conditions, the effects of continuing geopolitical unrest and regional conflict, competition, changes in technology and marketing methods, delays in the completion of various engineering and manufacturing programs, changes in customer ordering patterns, changes in product lineup, continued success in technical advancements and delivery of technological innovations, component shortages, production delays due to performance quality issues with components outsourced, regulatory requirements and the ability to comply with them, governmental agency rules and changes, and various other factors beyond the Company’s control.

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