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WPF Holdings Announces Acquisition of Vezbi Super App

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WPF Holdings Announces Acquisition of Vezbi Super App

WPF Holdings Announces Acquisition of Vezbi Super App

GlobeNewswire

Published on : Jan 31, 2023

WPF Holdings, Inc. (OTC PINK: WPFHD), announces today that it has signed a definitive agreement to acquire 100% of the outstanding shares of Vezbi, Inc (“Vezbi”) for 265,000,000 common shares of WPF Holdings. At closing, the shareholders of Vezbi will be issued 10 common shares of WPF Holdings in exchange for 1 common share of Vezbi.  The share exchange is based on Vezbi’s last funding round.

A Form 10 and S-1 registration statement (for the new shares issued) will be filed with the US Securities and Exchange Commission in preparation for uplisting onto a national exchange. Additionally, WPF Holdings will be changing its name and applying for a new trading symbol after becoming a fully reporting company with the SEC.

Vezbi is a community-driven Super App designed to organize and consolidate all facets of life in one centralized application. What makes Vezbi so unique is its commitment to no algorithms, no anonymity, and no data selling. As accountability is the emphasis of the app, Vezbi believes that it is the first true Super App in the United States, and will become a platform which will minimize fake reviews, fake news and online bullying.

Current features within the app include: Tasks, Events, Messaging, Micro-Vlogs, SnipBits, Communities, Intercom, The Vezbi Marketplace, Shop Now, FAVR, and Micro-Apps.  Vezbi will continue to develop its technology under WFP Holdings (i.e. user verification, rating systems, payments, etc) while focusing on increasing market share (domestic and international).