World Health Energy Hldgs Stock (OTC: WHEN)

Latest news for World Health Energy Hldgs (OTC:WHEN) Stock

World Health Energy Holdings Inc is engaged in the telecom and cybersecurity technology field. Along with its subsidiaries, the company offers cybersecurity system software, AI-based image processing systems such as audio-video systems and security camera solutions, and public mobile telephone services in Europe.

WORLD HEALTH ENERGY HLDGS by World Health Energy Holdings, Inc.

World Health Energy Holdings Inc

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WHEN Group and Intent HQ Announce Strategic Alliance to Provide Critical Next-Generation Cybersecurity AI

WHEN Group Announces Strategic Investment in TerraZone for Cutting Edge Cybersecurity Technology

WHEN

World Health Energy Hldgs

Cuentas Intended Acquisition Offers Opportunity for Expansion into Cybersecurity, AI and Telecom Technology Footprint and Expands Geographic Presence Targeting $215 billion According to Gartner ForecastMIAMI BEACH, Fla., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Cuentas, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CUEN#NASDAQ">CUEN</a>, CUENW))))), the leading developer of a fully integrated telecommunications and financial ecosystem for the unbanked and underbanked Hispanic market, shares specifics on its recently executed binding letter of intent with WHEN Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/WHEN#OTC">WHEN</a>) ("WHEN"), a developer of an alternative financial ecosystem for underbanked communities. The proposed share exchange transaction, pending Nasdaq and shareholder approval and other specified conditions, will result in WHEN Group becoming a majority-owned subsidiary of Cuentas.WHEN has been developing solutions that utilize advanced pattern recognition and AI to create a security screening environment that can detect and defend against a range of threats and attacks on telecom, banking, and other communication infrastructure.&nbsp;Cuentas intends to integrate WHEN's portfolio of cybersecurity solutions into the Cuentas Mobile product.In consideration for the principal shareholder of WHEN, UCG, Inc. ("UCG"), exchanging its 75% stake, Cuentas will issue to UCG a number of common shares of CUEN which will represent, on the date of issuance, 50% of Cuentas' issued and outstanding capital.Following the closing, WHEN will be a majority-owned subsidiary of Cuentas. The executive management of WHEN will develop a detailed and granular business plan and operating budget.Subject to the terms of the letter of intent, Major Gen. (Ret) Danny Yatom (President), Mr. Giora Rosenzweig (CEO), and Mr. George Baumoehl (CSD) will be joining the Cuentas Board of Directors and/or Executive Management."I've had longstanding connections with several members of the WHEN Group team and have consistently held the conviction that their innovative solutions could set a new standard in communication security for both businesses and families," stated Arik Maimon, the co-founder and CEO of Cuentas. "In the current climate, the developments underway at WHEN are more crucial than ever, and we stand ready to contribute to bringing their solutions to our growing customer base."Cuentas' Board of Directors has approved the transaction, and the companies expect to complete it by the end of 2023.

CUEN

Cuentas Releases Proposed Acquisition Of Majority Stake In World Health Energy Holdings, Inc.; WHEN, UCG, Exchanging Its 75% Stake, Cuentas Will Issue To UCG A Number Of Common Shares Of CUEN Which Will Represent, 50% Of Co' Issued And Outstanding Capital

Cuentas provides an update on the 'Cuentas 360' and 'Cuentas' Mobile Apps with First-to-Market Gaming Library and Token Rewards Features. Provides Update on Majority Stake Acquisition of World Health Energy Holdings, Inc. (OTC:<a href="https://www.benzinga.com/stock/WHEN#OTC">WHEN</a>) setting a Proposed Premium Price per Share Value of $10.MIAMI BEACH, Fla., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Cuentas, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CUEN#NASDAQ">CUEN</a>, CUENW))))), the leading developer of a fully integrated telecommunications and financial ecosystem for the unbanked and underbanked Hispanic market, provides an update on its 'Cuentas 360' mobile app and its Mobile Fintech 'Cuentas App' with first-to-market features, including Gamification and a Tokenized Rewards program, and discloses a premium price per share of $10 for the majority acquisition of World Health Energy Holdings, Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/WHEN#OTC">WHEN</a>).Cuentas provides an update on its integration of digital and mobile protection software, branded as 'Cuentas 360.' Management expects to launch its application in a selected end-user test group in the next ninety days. The application will offer advanced features compared to other benchmarked products, including an advanced layer of security, scanning, and protection. 'Cuentas 360' is a core component of the software included in the previously announced majority acquisition of WHEN Group.WHEN Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/WHEN#OTC">WHEN</a>) will become a majority-owned subsidiary of Cuentas through a proposed share exchange transaction. The proposed premium price per share has been valued at $10 per CUEN share. Cuentas' Board of Directors has approved the transaction, and the companies expect to complete it by the year-end of 2023. The closing is contingent on several factors, including, without limitation, the approval of Nasdaq and the shareholders of Cuentas.Simultaneously, Cuentas is launching an updated version of its fintech 'Cuentas' mobile application. It will include all its advanced financial services modules plus a new set of first-to-market features. These features encompass a full library of gaming apps and a highly advanced tokenized rewards program. The tokens will be available for sharing from a 'Cuentas' mobile app user to another 'Cuentas' mobile app user and to any device-independent user, creating a true borderless ecosystem never before launched in North America. This solution is supplied by an exclusive commercial and technology partnership established by Cuentas.These products and advanced functionality, including the games library and tokenized rewards, reaffirm Cuenta's core belief in its fintech and telecommunications core. The market for the 'Cuentas' financial services application includes any mobile user, 'big box' retailers' customers, and the opportunity to 'white label' the software for other mobile operators or digital media companies. The mobile games market in the United States is projected to reach a revenue of $18 billion with a user penetration rate of 46.7% in 2023, according to Statista.Mr. Arik Meimoun, CEO of Cuentas, stated: "Our technology and management team have created a revolutionary add-on service in our Fintech app. We are ready to initiate limited user testing, and we are diligently working to have these applications ready for commercial distribution. The "Cuentas 360" app, provided by WHEN, surpasses any other competitive application available in the market today and will be bundled with our Cuentas Mobile service and offered to other MVNOs. I will be announcing more exciting news after our Q3 earnings report."Mr Michael De Prado, Cofounder and President of Cuentas, shared: "The exclusive strategic technology partner that developed the gaming and tokenization rewards program for the "Cuentas" app will allow us to launch these unique, real and robust services in North America ahead of our competition. We have the trust and support of technology leaders who clearly see the value of our proprietary applications and the potential to become active members in the Cuentas "sandbox"".

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