GlobeNewswire

Xeriant Projects Significant Revenue Through Acquisition of European Operations

SIGNS LOI TO ACQUIRE INTEREST IN STRATEGIC ALLIANCE PARTNERBOCA RATON, Fla., Dec. 30, 2020 (GLOBE NEWSWIRE) — Xeriant, Inc. (OTC PINK: XERI), a new aerospace technology holding company, announced today that it has signed a letter of intent to acquire a significant interest in Xeriant Europe s.r.o. (“XE”), its strategic alliance partner located in Prague, Czech Republic. The share exchange transaction will enable Xeriant to participate in XE’s business opportunities and technologies with the purpose of generating revenue within the next 180 days, along with long-term capital appreciation. “Xeriant’s strategy of blending current income into our portfolio of technologies allows for a more balanced growth plan. Our main focus in this relationship was sourcing breakthrough

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