TechX Technologies to acquire Cryptobuddy trading signals platform for C$5M in stock

TechX Technologies Inc (CSE:TECX) (OTCMKTS:TECXF) (FRA:C0B1) announced it has signed a definitive agreement to acquire 100% of the Cryptobuddy.ai predictive cryptocurrency trading signals platform, through its wholly-owned Bull Market Media Inc subsidiary, in an all-stock deal valued at C$5 million.  CryptoBuddy is a crypto trading signals platform that allows traders to safely navigate cryptocurrency market conditions and cut through the market noise with artificial intelligence-generated future price forecasts and trading signals.  “We are beyond excited about acquiring the CryptoBuddy platform, an AI crypto trading platform that provides the most comprehensive AI-generated price forecasts and trade signals to retail investors,” TechX Technologies CEO Peter Green said in a statement. READ: TechX Technologies driving innovation in shipping, logistics and digital payment technology “Retail investors are continuing to flock to bitcoin trading, meaning that secure, easy-to-navigate solutions with predictive, accurate analytics and predictions are essential,” Green added. “CryptoBuddy not only has the potential to provide crypto traders around the world with a competitive edge, its subscription model brings in a recurring revenue stream that will increase along with the market's appetite for crypto.” Key features of CryptoBuddy include: Leverages big data to find machine-recognizable patterns that are impossible for humans to identify; Easy-to-navigate dashboard that simplifies complex data and presents it in a user-friendly and easy to understand way;  Predictive analytics - Different charts and graphics for easy visualization on trends, current price, historical price, and forecasts; 70-77% prediction rate accuracy; AI system ingests over 1 billion data points daily and analyzes over 1,000 features; Subscription-model creates recurring revenue stream; and Coins monitored - Bitcoin, Ethereum, EOS, Litecoin and Ripple. TechX noted it will pay for the acquisition by issuing 5,341,880 of its common shares at a deemed value of $0.936 per share.   The company added that it plans to rebrand CryptoBuddy under the name ‘Alt Signals’, which reflects the evolution of TechX and its vision of the future. TechX Technologies is a dominant player in developing world-class enterprise platforms and digital wallets. It channels artificial intelligence, blockchain, and predictive analytics to solve outdated technology problems in the logistics and digital payment industries. Contact Sean at sean@proactiveinvestors.com