VICTORIA, BC, Nov. 20, 2024 /PRNewswire/ – Semaphore Solutions, creator of Labbit and a leader in laboratory informatics solutions, is excited to announce the successful completion of its System and Organization Controls 2 (SOC 2) Type II audit. SOC 2 is a standard developed by the American Institute of Certified Public Accounts (AICPA). Attainment of certification with SOC 2 Type II indicates Semaphore and Labbit’s rigor in the five SOC 2 trust services criteria: security, privacy, confidentiality, availability, and processing integrity.

Achievement of a successful SOC 2 Type II audit indicates that Semaphore’s internal controls, policies, and procedures conform to standards that demonstrate both the suitability of the design and the operating effectiveness of processes and controls pertaining to the SOC 2 criteria.

SOC 2 audits are performed by an accredited Chartered Professional Accountants (CPA) firm which determine that controls are in place to protect internal and customer data and that these protections are fully operational and functional. Semaphore’s audits were conducted by Johanson Group, trusted providers of security and compliance audit services.

“SOC 2 certification is an important part of our commitment to deliver mission-critical solutions to the world’s leading laboratories. Our customers use Labbit to manage processes and data that directly impact individual patient health outcomes, and they need a partner that is committed to security and reliability,” says Peter Smith, CEO at Semaphore Solutions. “We look forward to engaging in regular SOC 2 audits, as they represent an excellent opportunity to evaluate the continuous improvement of our internal security practices.

About Semaphore Solutions and Labbit
Semaphore Solutions is a leading informatics service and SaaS company that provides software solutions to support leading laboratories across a variety of industries including manufacturing, innovative disease research, molecular diagnostics, and drug discovery and development. For more information, please visit www.labbit.com.

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SOURCE Semaphore Solutions Inc.

SINGAPORE, Nov. 20, 2024 /PRNewswire/ — X3 Holdings Co., Ltd. (Nasdaq: XTKG) (the “Company” or “XTKG”), a global provider of digital solutions and technology services spanning diverse industries, today announced that it will effect a share consolidation of its ordinary shares at a ratio of 1-for-20, effective on November 22, 2024 (the “Share Consolidation”). The Company’s ordinary shares are expected to begin trading on a post-consolidation basis at the open of the market session on November 22, 2024. Upon the market opening on November 22, 2024, the Company’s ordinary shares will continue to be traded on The Nasdaq Capital Market under the symbol “XTKG” with the new CUSIP number G72007134.

As a result of the Share Consolidation, every twenty (20) shares of the Company’s ordinary shares will be automatically consolidated into one ordinary share. Outstanding warrants and other outstanding equity rights will be proportionately adjusted to reflect the Share Consolidation. No fractional shares will be issued in connection with the Share Consolidation, and in the event that a shareholder would otherwise be entitled to receive a fractional share upon the Share Consolidation, the number of shares to be received by such shareholder will be rounded up to one ordinary share in lieu of the fractional share that would have resulted from the Share Consolidation. Shareholders who are holding their shares in electronic form at brokerage firms do not need to take any action, as the effect of the Share Consolidation will automatically be reflected in their brokerage accounts.

About X3 Holdings

 X3 Holdings Co., Ltd. (Nasdaq: XTKG) is a global provider of digital solutions and technology services spanning diverse industries. The Company is operating across diversified business segments in digital technologies, cryptomining operations, renewable energy and agriculture technologies. X3 Holdings is headquartered in Singapore with subsidiaries and operations globally. For additional information, please visit www.x3holdings.com. 

Safe Harbor Statement

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements include, among others, statements regarding the Company’s plans to regain compliance with the minimum bid price requirement. The Company’s actual results may differ materially from those expressed in any forward-looking statements as a result of various factors and uncertainties. The reports filed by the Company with the Securities and Exchange Commission discuss these and other important factors and risks that may affect the Company’s business, results of operations and financial conditions. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

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SOURCE X3 Holdings Co., Ltd.

NEWBURGH, Ind., Nov. 20, 2024 /PRNewswire/ — Evolv, a leader in payment acceptance solutions serving over 16,000 businesses and processing $6 billion annually, has announced the strategic acquisition of Future Payments, a Nashville-based company. This partnership marks a pivotal milestone, with Future Payments rebranded as Evolv Nashville. The acquisition enhances Evolv’s distribution capabilities and leadership, paving the way for innovative payment solutions and significant growth.

Brad Hollar, COO of Future Payments, emphasized the partnership’s shared vision: “Evolv’s commitment to innovation and support mirrors our goals at Future Payments. Together, we’re set to make an even greater impact in the payments space.” Shay Horseman, CEO of Future Payments, echoed this sentiment, expressing optimism about the collaboration. “Evolv has welcomed us with open arms,” Horseman stated. “The added resources and expertise empower us to grow exponentially while continuing our mission at an incredible pace.”

John Johnson, Chief Development Officer at Evolv, highlighted the partnership’s strategic value, noting, “Our collaboration with Future Payments demonstrates the power of aligned interests. This merger enhances our ability to serve clients in an evolving payments landscape. Culturally, Shay, Brad, and their team are a perfect fit for Evolv, and we are tremendously excited about the opportunities ahead.”

Evolv’s CEO, Allan Noe, emphasized the partnership’s significance in fulfilling the company’s mission of delivering exceptional value to merchants. “Shay, Brad, and their team bring invaluable expertise and a commitment to excellence that aligns with Evolv’s goals,” Noe remarked. “This collaboration enables us to combine our strengths and deliver innovative solutions that help merchants thrive in a rapidly changing marketplace. At Evolv, fostering lasting partnerships is central to our success.”

About Evolv

Founded in 1998, Evolv partners with banks, associations, and sales offices to deliver cutting-edge payment acceptance solutions. Operating as a multi-processor sales office, Evolv offers an extensive range of products, including point-of-sale systems, gateways, and payment terminals. In 2017, the company expanded by investing in VIV, a digital marketing agency, adding services like website development, social media management, and paid advertising to its portfolio. Evolv remains dedicated to increasing sales, reducing costs, and mitigating risks for merchants and partners. For more information, visit poweredbyevolv.com.

About Future Payments

Founded in early 2024 by Shay Horseman and Brad Hollar, Future Payments rapidly established itself in the payments industry. Within just eight months, the company built a strong network of agents across the U.S. and secured key partnerships with banks and ISVs. Horseman reflected on the acquisition: “From day one, the Evolv team felt like family. This merger strengthens Future Payments within the Evolv brand, giving us the resources to scale exponentially and achieve our vision faster.”

The integration of Future Payments into Evolv represents a forward-thinking partnership designed to redefine the payments landscape. Together, the companies are well-positioned to deliver innovative solutions and drive success for their clients.

Contact Information: 
info@poweredbyevolv.com

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SOURCE Evolv