VANCOUVER, BC, May 07, 2025 (GLOBE NEWSWIRE) -- Eat & Beyond Global Holdings Inc. (CSE: EATS) (OTCPK: EATBF) (FSE: 988) ("Eat & Beyond" or the "Company"), an investment issuer focused on incubating first-mover opportunities in emerging markets, is pleased to announce, further to its news release of January 31, 2025, that the Company has completed the acquisition of 100% of the issued and outstanding common shares in the capital of Milo Media Technologies Inc. ("Milo Media") in exchange for securities of Eat & Beyond pursuant to the terms and conditions of a securities exchange agreement dated January 31, 2025 (the "Definitive Agreement") among the Company, Milo Media, the shareholders and the warrant holders of Milo Media (the "Transaction").
Transaction Terms
Pursuant to the terms of the Definitive Agreement and in consideration for 100% of the issued and outstanding shares, Eat & Beyond has issued an aggregate of 15,000,000 common shares of Eat & Beyond (the "Payment Shares") to Milo shareholders at a deemed price of $0.185 per Payment Share and issued 15,000,000 common share purchase warrants (the "Replacement Warrants") as consideration for the disposition of all of the warrants of Milo (the "Milo Warrants"). Each Replacement Warrant permits the holder thereof to acquire one common share in the capital of Eat & Beyond (a "Share") at a price of $0.075 per Share on or before January 30, 2025, the same exercise price and expiry date of the original Milo Warrants surrendered for cancellation.
There is no statutory hold period for the Payment Shares or the Replacement Warrants pursuant to applicable securities laws, however, the Payment Shares are subject to voluntary hold periods as follows: 10% of the Payment Shares will become freely tradable upon the Company filing a Business Acquisition Report for the Transaction (the "BAR"), and the remaining 90% of the Payment Shares will be subject to a hold period expiring four months after the BAR is filed.
The Transaction is an arms-length transaction and there is no change in management or the Board of Directors of Eat & Beyond.
Strategic Significance of the Acquisition
The acquisition of Milo Media has provided Eat & Beyond with a first-mover advantage as the first publicly traded company - to the best of the Company's knowledge - to actively participate in the XRPL ecosystem. Milo Media's financial infrastructure solutions are expected to enable Eat & Beyond to acquire Ripple (XRP) through active participation on the XRP network, akin to how Bitcoin miners earn Bitcoin. This unique model is expected to position Eat & Beyond to generate value directly from the network's growth and adoption.
"With the acquisition complete and Liquid Link now officially launched, we're entering a new era, one where everyday users, developers, and institutions can interact with the XRPL and beyond in ways never before possible. The XRP Army has always believed in utility. Now, we're helping deliver it" said Young Bann, CEO of Eat & Beyond.
About Milo Media
Milo Media is a private company existing under the laws of the Province of British Columbia. Following the closing of the Transaction, Milo Media Technologies will now operate under the trade name Liquid Link and is proud to unveil its new home at www.liquidlink.ai.
Introducing Liquid Link: Built for the Web3 Era
Liquid Link is developing Xrpfy, a next-generation discovery and analytics platform purpose-built for the XRP Ledger (XRPL). Designed for client-side transitions and as a self-custody-first interface, Xrpfy enables users to:
- Search for real-world assets (RWAs), stablecoins, and the full spectrum of Web3 tokens on the XRPL ledger.
- Discover the least-cost trading routes and identify arbitrage opportunities across the XRPL decentralized exchange (DEX).
- Navigate the XRPL with no middlemen - Liquid Link does not facilitate trades or custody funds, but instead empowers users with powerful analytics and user-friendly tools.
Future versions of the platform may incorporate AI agent capabilities, providing even smarter, faster ways to interact with the XRPL.
Expanding Beyond XRPL
While Liquid Link is laser-focused on unleashing the full potential of the XRP Ledger, it is also charting a bold multi-chain future. The company plans to build and support tools for emerging Bitcoin Layer 2 ecosystems, including:
- The Lightning Network
- Liquid Network
- RGB
- Taproot Assets
Additionally, support for Axelar and the broader Web3 ecosystem is being actively considered, with timelines to be determined.
These integrations will enable enterprise-grade adoption of RWAs, stablecoins, and Web3 applications across the decentralized economy.
The Opportunity Ahead
The global market for tokenized assets - from real estate to carbon credits, commodities to currencies - is projected to exceed $16 trillion by 2030, according to a report by Boston Consulting Group and ADDX¹1. With its ultra-fast, low-cost transaction environment, the XRP Ledger is uniquely positioned to lead this revolution.
Liquid Link's Xrpfy platform is built to be the gateway to this future.
By combining intelligent search, seamless discovery, and powerful routing tools, Xrpfy will give individuals and businesses the tools they need to build, trade, and scale confidently in the Web3 economy.
Launch Timeline
The Xrpfy platform is currently in active development and is scheduled to launch by the end of Q2 2025.
Join the Movement
For updates, partnerships, and early access to Xrpfy, visit www.liquidlink.ai and follow us on social media.
Marketing Agreements
The Company is also pleased to announce the following marketing service agreements. The Company's engagement of the service providers is intended to improve the Company's visibility and prominence in the capital markets.
On May 1, 2025, the Company entered into a marketing agreement with an arm's length firm, Senergy Communications Capital Inc. ("Senergy"). Senergy has agreed to provide content development and digital marketing services. The agreement will remain in effect for one month with the option to renew. The Company has agreed to pay an aggregate cash fee of $150,000, plus applicable taxes. Senergy does not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest. Senergy's business is located at 122 Mainland Street (Suite 228) Vancouver, BC, V6B-5L1. The contact person is Aleem Fidai, email: info@senergy.capital.
On May 1, 2025, the Company has entered into a marketing agency agreement (the "Marketing Agreement") with an arm's length firm, Global One Media Limited ("Global One") to provide, among other things, social media management, marketing and distribution services to the Company. The Marketing Agreement has an initial term of six months, and the Company will pay Global One a monthly retainer fee of US$4,500. Global One Media does not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest. Global One's business is located 100 Tras Street #16-01, 100 AM Singapore, 079027. The contact person is Bastien Boulay, email: bastien@globalonemedia.com.
On May 1, 2025, the Company has entered into a marketing consultant agreement with an arm's length firm, Bergskogar Limited ("Bergskogar") to provide marketing services to the Company. The agreement commences May 1, 2025 and continues to April 30, 2026, except if terminated or extended by mutual written agreement. The Company will pay Bergskogar an aggregate cash fee of EUR 75,000. Bergskogar does not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest. Bergkogar's business is located 1203, 12/F, Tower 3, 33 Canton Road, Tsimshatsui, Hong Kong. The contact person is Paul Druce, tel: +44 20 3290 3801.
The Company has engaged with an arm's length firm, Aktien Check ("Aktien") to provide European marketing awareness services to the Company. Aktien will provide its services for a period of three months commencing on May 1, 2025 and ending on July 31, 2025. The Company will pay Aktien a cash fee of EUR 50,000. Aktien does not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest. Aktien's business is located at Bad Marienberg, Rheinland-Pfalz, Germany. The contact person is Mr. Stefan Lindam, email: Stefan.lindam@aktiencheck.de.
About Eat & Beyond
Eat & Beyond (CSE: EATS) is a publicly traded investment issuer that identifies and makes equity investments in global companies that are developing and commercializing innovative food tech, sustainability and technology. Led by a team of industry experts, Eat & Beyond provides retail investors with the unique opportunity to participate in the growth of a broad cross-section of opportunities in the alternative food, sustainability and technology sectors. Through its wholly owned subsidiary, Liquid Link, the Company is entering the blockchain technology sector with a focus on real-world asset tokenization, decentralized infrastructure, and advanced trading analytics.
Learn more: https://eatandbeyond.com/
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved the contents of this press release.
For further information: For further information, please contact Young Bann, CEO, young@purposeesg.com.
Caution Regarding Forward-Looking Information
This press release includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements herein, other than statements of historical fact, constitute forward-looking information. Forward-looking information is frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved.
Forward-looking information in this press release includes, but is not limited to, statements relating to the Company's business plans and expected future growth, the expected benefits of the Transaction, the Company's future cryptocurrency plans and strategies, the Company's proposed strategic expansion and growth strategies, the Company's ability to provide investors with exposure to digital assets, the potential success of the Company's business and its brand, the growth of XRP and other digital assets and the mainstream adoption of various cryptocurrencies. Forward-looking information reflects the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, technical, economic, and competitive uncertainties and contingencies, including the speculative nature of cryptocurrencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, without limitation, the Company's ability to execute on its business plans; the Company's ability to raise debt or equity through future financing activities; the Company's ability to increase its business in cryptocurrency-based technologies; any adverse changes and developments regarding XRP, XRPL or the cryptocurrency ecosystem; the growth and development of decentralized finance and the digital asset sector; any new rules and regulations with respect to decentralized finance and digital assets; the inherent volatility in the prices of certain cryptocurrencies including XRP; increasing competition in the crypto and blockchain industries; general economic, political and social uncertainties in Canada and the United States; currency exchange rates and interest rates; the limited resources of the Company; the Company's reliance on the expertise and judgment of senior management and the Company's ability to attract and retain key personnel; the speculative nature of cryptocurrencies in general; and the Company's ability to continue as a going concern.
There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements.
1 BCG & ADDX Report: "Relevance of On-Chain Asset Tokenization in 'Traditional Finance'" - Boston Consulting Group, 2022
