CUEN - Cuentas Launches Cuentas Mobile Service and Signs $4 Million Distribution Agreement
24 Outubro 2023 - 10:00AM
Cuentas, Inc. (Nasdaq: CUEN & CUENW), the developer of an
alternative financial ecosystem for the underbanked, is excited to
introduce its Cuentas Mobile telecommunications services in
designated markets and initiate a partnership with a
well-established retail distribution network. The launch of our
telecommunications services is a significant milestone in the
ongoing execution of Cuentas' strategic plan and product
development.
Under the terms of the comprehensive agreement,
its new distribution partner will initiate an initial order of
5,000 SIM cards. In addition to this, Cuentas is poised to offer
cross-selling opportunities for its domestic and international
mobile service top-up, gift cards, and transit cards. The company
anticipates an estimated annual revenue of $4 million from this
agreement. Its expansion plans will extend to new geographic
markets, with a strong focus on serving Hispanic diaspora clients,
providing them with a tailored and competitive product.
Moreover, Cuentas will incorporate the
cutting-edge digital and mobile protection software of WHEN Group
(World Health Energy Holdings, Inc. – OTC Pink: WHEN), branded as
"Cuentas 360." This software will provide an advanced layer of
security, encompassing digital and mobile application scanning and
protection, catering to groups of up to five lines within a family
plan. It's worth noting that "Cuentas 360" is a core component of
the software package included in our forthcoming planned
acquisition of WHEN Group, which was recently announced.
Mr. Arik Meimoun, CEO of Cuentas stated: “I am
proud of this achievement. This marks a turning point for the
company and a successful milestone for our team. We have worked
hard to launch this service and we are ready to go into new
markets. I will announce new agreements and mark presence over the
next couple of weeks.”
About Cuentas
Cuentas, Inc. (Nasdaq: CUEN & CUENW) is
creating an alternative financial ecosystem for the growing global
population who do not have access to traditional financial
alternatives. The Company’s proprietary technologies help to
integrate FinTech (Financial Technology), e-finance and e-commerce
services into solutions that deliver next generation digital
financial services to the unbanked, under-banked and underserved
populations nationally in the USA. The Cuentas Platform integrates
Cuentas Mobile, the Company’s Telecommunications solution, with its
core financial services offerings to help entire communities enter
the modern financial marketplace. Cuentas has launched its General
Purpose Reloadable (GPR) Card, which includes a digital wallet,
discounts for purchases at major physical and online retailers,
rewards, and the ability to purchase digital content. In Q1 of 2023
Cuentas launched Cuentas Casa, an alternative housing development
initiative that secured a 10-year supply agreement for a patented,
sustainable building system that will provide the bridge between
its technology solutions and the affordable housing market. Cuentas
has made investments to date in affordable housing projects for
over 450 apartments. LINK:
https://cuentas.com AND https://cuentasmobile.com
About WHEN Group
World Health Energy Holdings, Inc. (d/b/a WHEN
Group) is a holding company comprised of CrossMobile, SG 77,
Inc./RNA Ltd, which develops and significantly improves existing
cybersecurity solutions in the B2C and B2B marketplace. WHEN Group
develops new systems by applying pattern recognition technology
based on IOT / mobile / servers and computer activity, analyzing
human and device behavior, relationships, and BPM (Business Process
Management) to automatically identify and prevent potential danger
to individuals and companies. The B2C Cybersecurity division
targets families concerned with external cyber threats and
exposures in addition to monitoring a child’s behavioral patterns
that may alert parents to potential tragedies caused by
cyberbullying, pedophiles, other predators, and depression. The B2B
Cybersecurity system software development and implementation
company is focused on innovative solutions for the constantly
evolving cyber challenges of businesses, non-governmental
organizations (NGOs) and governmental entities. By deploying a
highly experienced development team, RNA Ltd. anticipates both
internal and external cyber threats, by identifying behavioral
patterns that flag potential cyber compromises.
Additional information is available
at: https://www.whengroup.com/.
Forward-Looking Statements
This news release contains "forward-looking
statements," as that term is defined in section 27a of the United
States Securities Act of 1933, as amended, and section 21e of the
United States Securities Exchange Act of 1934, as amended. These
forward-looking statements involve substantial uncertainties and
risks and are based upon our current expectations, estimates and
projections and reflect our beliefs and assumptions based upon
information available to us at the date of this release. We caution
readers that forward-looking statements are predictions based on
our current expectations about future events. These forward-looking
statements are not guarantees of future performance and are subject
to risks, uncertainties and assumptions that are difficult to
predict. Our actual results, performance or achievements could
differ materially from those expressed or implied by the
forward-looking statements as a result of a number of factors,
including, but not limited to, Nasdaq and shareholder approval of
the proposed transaction, our ability to manage our research and
development programs that are based on novel technologies, our
ability to successfully integrate WHEN operations and product
offerings, the sufficiency of working capital to realize our
business plans and our ability to raise additional capital, market
acceptance, the going concern qualification in our financial
statements, our ability to retain key employees, our competitors
developing better or cheaper alternatives to our products, risks
relating to legal proceedings against us and the risks and
uncertainties discussed under the heading "RISK FACTORS" in Item 1A
of our Annual Report on Form 10-K for the fiscal year ended
December 31, 2022, and in our other filings with the Securities and
Exchange Commission. We undertake no obligation to revise or update
any forward-looking statement for any reason.
Investor Relations
Cuentas, Inc.800-611-3622info@cuentas.com
SOURCE: Cuentas, Inc.
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