Neon Bloom, Inc. (OTC PINK: NBCO) has announced a significant strategic shift by divesting its subsidiary, Bazelet Health Systems Inc., and acquiring Advanced Executive Sales LLC (AES). This divestment marks Neon Bloom’s exit from the HealthTech sector and a pivot to the financial services industry, as stated by Secretary and Director Fred Luke. The company has added Anthony Bianchi Esq. as an Independent Director and transitioned Michael Elzufon to the Bazelet Board of Directors. Newly appointed CEO Greg Bauer joins the board, signaling a renewed focus on digital advancement and e-Commerce technologies. AES, a provider of e-commerce and point-of-sale transaction solutions, demonstrated impressive financial performance in the first quarter of 2024 with gross revenue of $5,521,430 and a net profit of $395,408. The company’s expansion plans include acquisitions within the financial services space to bolster its payment processing technology. Neon Bloom projects its 2024 revenues to exceed $25 million, reflecting this strategic pivot’s expected fruitful outcome.

Financial Services, HealthTech, E-Commerce,United States

https://www.globenewswire.com/news-release/2024/07/09/2910642/0/en/Neon-Bloom-Changes-Course-With-New-Leadership-and-Divestment-of-Bazelet.html