Attached files
| file | filename |
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| EX-10.1 - MEMBERSHIP INTEREST PURCHASE AGREEMENT, DATED AUGUST 3, 2018 - GEX MANAGEMENT, INC. | gexm_ex101.htm |
| 8-K - CURRENT REPORT - GEX MANAGEMENT, INC. | gexm_8k.htm |
Exhibit 99.1
GEX Management Executes Additional Acquisition of Key California
Business
DALLAS, August 6, 2018 (PR Newswire) — GEX Management, Inc.
(OTCQB: GXXM), a visionary management and professional services
company, announced today that following its initial purchase of
Membership Interest in California-based Payroll Express, it has
purchased an additional 26% of the company resulting in 51%
ownership. The purchase price for this transaction consisted of
$250,000 in cash in addition to warrants.
Payroll Express is a Santa Clara, CA based professional services
firm that provides a wide array of back office and managed services
related to medical staffing needs for its healthcare clients that
includes clinical practices and Ambulatory Surgery Centers (ASCs).
The firm reported approximately $22 million in gross billing in
2017 and is is projecting significant growth in 2018 fueled by a
robust contract pipeline, aggressive marketing, and positive global
economic conditions.
Chief Financial Officer Dario Saintus stated, “This
acquisition is purposeful and well-timed in the context of our
fiscal growth. The transaction is a substantive aspect of our
larger and long-term plan.”
President Chelsea Christopherson stated, “Our initial 25%
purchase Payroll Express represented a meaningful milestone for GEX
Management. This subsequent
purchase continues our momentum. Payroll Express will flourish
within our distinct business ecosystem.”
About GEX Management
GEX Management, Inc. Is a licensed Professional Employer
Organization (PEO) and a Professional Services Company providing
comprehensive back office services to clients in a variety of
industries. GEX Management services include HR, Payroll, Risk &
Compliance, and Executive Consulting, and provides progressive and
complete solutions for employee management and operational needs.
http:www.gexmanagement.com
Information on Forward Looking Statements
The statements contained herein that are not historical facts are
forward-looking statements within the meaning of the federal
securities laws (Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934). You can
identify such forward-looking statements by the words
“expects,” “intends,” “plans,”
“projects,” “believes,”
“estimates,” “likely,”
“possibly,” “probably,” “goal,”
“opportunity,” “objective,”
“target,” “assume,” “outlook,”
“guidance,” “predicts,”
“appears,” “indicator” and similar
expressions. Forward-looking statements involve a number of risks
and uncertainties. In the normal course of business, GEX
Management, Inc., in an effort to help keep our stockholders and
the public informed about our operations, may from time to time
issue such forward-looking statements, either orally or in writing.
Generally, these statements relate to business plans or strategies,
projected or anticipated benefits or other consequences of such
plans or strategies, or projections involving anticipated revenues,
earnings, profits, pricing, operating expenses or other aspects of
operating results. We base the forward-looking statements on our
expectations, estimates, and projections at the time such
statements are made. These statements are not guarantees of future
performance and involve risks and uncertainties that we cannot
predict. In addition, we have based many of these forward-looking
statements on assumptions about future events that may prove to be
inaccurate. The actual results of the future events described in
such forward-looking statements could differ materially from those
stated in such forward-looking statements.
Source: GEX Management, Inc.
Investor Relations and Marketing Contact:
Joshua
Rebecca, Investor Relations, 877-210-4396 info@gexmanagement.com