GLENDALE, CA, March 29, 2019 (GLOBE NEWSWIRE) -- Anvia Holdings Corporation (ANVV) (the "Company" or "Anvia Holdings") today announced that it has executed a term sheet to acquire all of the issued and outstanding shares of XSEED Pty Ltd, an Australian Registered Training Organization.
Under the agreement Anvia Holdings through its fully owned subsidiary Anvia (Australia) Pty Ltd shall acquire 100% of XSEED Pty Ltd outstanding shares for USD 355,000 (AUD 500,000). It is anticipated that Anvia shall complete the due diligence process and fulfil all necessary pre-acquisition conditions to allow closing of the transaction to take place within 60 days .
Amar Partap Singh, CEO of XSEED Pty Ltd, said “We are pleased to have entered into this agreement with Anvia and thrilled that this gives us an opportunity to increase the depth of our offering to our students and their employers whilst also expanding our footprint within Australia and globally”.
Anvia (Australia) Pty Ltd CEO, James Kennett, said “adding XSEED to our education services portfolio solidifies our position in Australia as a major player in Education Services. In addition, XSEED will diversify our current CRICOS and Corporate learning income with further revenue sources.”
About XSEED Pty Ltd
XSEED Pty Ltd is an Australian company incorporated under the Australian Securities & Investment Commission and is a Registered Training Organization (RTO No. 21402) approved by the Australian Skills Quality Authority (“ASQA”).
The company is involved in the provision of vocational education training (“VET”) and offers courses that are for the Automotive and Hairdressing industries. Automotive courses are delivered under the registered business name Next Gear while hairdressing training courses are delivered under the registered business name Hair Assembly.
The Company had approximately 521 students course commencements for the year ended 30 June 2018 and currently has 536 active students and a further 34 students in the process of registering / enrolling.
The Business holds a funding contract with the Victoria Government pursuant to the Skills First Program which is valid until 31 December 2019.
The Business’ Head Office is located in the Melbourne Central Business District and employs 21 employees & contractors.
About Anvia (Australia) Pty Ltd
Anvia (Australia) Pty Ltd is fully owned subsidiary of Anvia Holdings Corporation trading on OTCQB -ANVV. The company has acquired a number of vocational colleges and owns proprietary software and mobile application technologies for consumer and corporate market.
About Anvia Holdings Corporation
Anvia Holdings Corporation is a global technology and education service company. The company is established with the mission to make potential growth accessible and sustainable. Anvia Holdings Corporation trades on the OTCQB under the symbol ANVV.
For further information, please visit www.anviaholdings.com
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933, are subject to Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbors created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and other results and further events could differ materially from those anticipated in such statements. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.
SOURCE: Anvia Holdings Corporation
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