With our recently formed holding company structure, we are on the next stage of our transformation journey.
We are focused on generating long-term value by exploiting opportunities and efficiencies created by our new structure.
We intend to drive value across our subsidiaries through synergies in our diverse line of products and services offered.
We see substantial growth opportunities in our near future. Shareholders will benefit from the entire businesses in the Group.
Operationally, XIP Technologies has oversight of two major business groups aligned along the direct selling industry that we believe have significant growth potential. We have grouped similar businesses in order to improve coordination and specialization and under each business group is one or more divisions structured around a single client group or limited product areas, with clear reporting lines into the heads of the business groups.
These groups are:
Direct Selling Division - bringing products and services to market through the direct selling, word of mouth advertising structure.
MLM Software Division - design websites, back office log in portals for stand alone direct selling companies.
Where are we located? All our business groups currently operate only within the United States of America. We have an international expansion strategy, primarily for the direct selling division. We do not have an expansion date currently.