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Associated Press
28-03-2025
- Business
- Associated Press
Nixxy's Revenues Commence via Auralink AI
NEW YORK, NY / ACCESS Newswire / March 28, 2025 / Nixxy, Inc. (NASDAQ:NIXX) today announced the successful launch of its AI-based telecom services via its Auralink AI subsidiary. Auralink AI is scaling its operations to meet its customers' demands and is expected to generate more than $250,000 in initial revenues in March 2025. Further, Auralink is projected to generate approximately $2 million in April on a month-end run rate basis. While early in its ramp-up phase, this initial traction represents meaningful progress toward the Company's previously stated long-term goal of achieving a $25-27 million monthly revenue run rate. The Company believes these early results provide a promising, though preliminary, indication of demand in the AI-enhanced telecommunications space. Miles Jennings, Interim CEO of Nixxy, commented, 'I believe hitting our initial revenue milestone demonstrates our team's swift and efficient execution, validating our strategic direction. We are encouraged by this early success and are scaling Auralink AI tactically, with a clear focus on customer acquisition, product innovation, and operational excellence. We look forward to regularly updating our shareholders and customers as we progress.' Auralink AI plans to blend its proprietary, advanced communications capabilities utilizing artificial intelligence large language model (LLMs) to enable state-of-the-art intelligent billing, switching, and unified communications. This initiative directly aligns with Nixxy's strategic goal of expanding AI-driven solutions across diverse industry verticals. Aurolink's AuraCloud AI-Powered Telco Infrastructure is designed to host, switch, and optimize SMS and voice traffic, supporting high-speed call routing and low-latency messaging through AI-driven optimizations. Its core capabilities are: Why This Matters for AI Telco Deployments Strategic Acquisition Pipeline Nixxy continues to evaluate multiple strategic acquisition or joint venture targets that may enhance long-term shareholder value and build the Company's technological innovation and operational capabilities. While the Company remains active in its diligence process, there can be no assurance that any future acquisitions will be consummated on favorable terms. About Nixxy, Inc. Nixxy, Inc. (NASDAQ: NIXX) is a publicly traded technology company focused on harnessing AI-driven solutions to transform technologically fragmented industries. By acquiring and integrating advanced platforms, Nixxy aims to strategically unlock potential, accelerate digital disruption, and creates long-term value. Nixxy's current focus includes Auralink AI, its telecom, AI billing and CpaaS software subsidiary delivering innovative AI-powered services to a rapidly evolving market. Learn more at Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may include, but are not limited to, statements regarding our future operating results, financial position, business strategy, plans and objectives of management for future operations, market size and growth opportunities, competitive position, technological innovations, and other statements regarding our intent, belief, or current expectations. These statements are based on assumptions believed to be reasonable but are inherently subject to a wide range of risks and uncertainties that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. Words such as 'anticipates,' 'believes,' 'could,' 'estimates,' 'expects,' 'intends,' 'may,' 'plans,' 'projects,' 'should,' 'targets,' 'will,' 'would,' and similar expressions are intended to identify such forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Safe Harbor Provision Any forward-looking statements included in this press release are provided pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current information and expectations as of the date hereof and are subject to significant business, economic, and competitive risks, uncertainties, and contingencies, many of which are beyond our control. Actual results, performance, or achievements may differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on these forward-looking statements. Non-Solicitation and No Offer to Purchase Securities This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities of Nixxy, Inc. (the 'Company'), nor shall it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities. Nothing contained herein is intended as financial, legal, or tax advice. No information in this press release should be construed as a recommendation regarding any securities of the Company, or any other entity, nor should it be considered a substitute for careful review and due diligence by any prospective investor. Preliminary Financial Information Any references to expected or forecasted revenues, financial performance, or results are unaudited and based on internal operational data, including usage volume, contractual terms, and system-generated cost models. These figures are subject to change and may not be realized as actual billings or collections. They should not be interpreted as guarantees of financial performance. Investors should rely solely upon the Company's audited financial statements when making any investment decisions. Basis of Preliminary Revenue Estimates The preliminary revenue figures referenced in this release are based on internal data models incorporating usage metrics, customer activity, and port-level cost structures. These figures are estimates only and have not been invoiced or recognized under generally accepted accounting principles (GAAP). No assurance can be given that actual billed or collected revenue will align with these estimates. Risk Factors and Uncertainties Numerous risk factors and uncertainties could cause actual outcomes to differ materially from those expressed in any forward-looking statements. These risk factors include, but are not limited to: the Company's ability to integrate newly acquired technology or businesses successfully; market adoption of AI, telecom, or other emerging technology solutions; changes in economic conditions, consumer demand, or regulatory environments; competition from existing and new market participants; global events affecting supply chains or capital markets; the Company's ongoing capital requirements and access to financing; and other risks described in the Company's filings with the U.S. Securities and Exchange Commission ('SEC'), including its most recent annual and quarterly reports. The Company's SEC filings are available at No Duty to Update Except as required by law, the Company expressly disclaims any obligation or undertaking to update, supplement, or revise any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions, or circumstances on which any statement is based. Past performance is not necessarily indicative of future results. Reliance on Information All information contained in this press release is provided 'as is' and without representation or warranty of any kind. While the Company believes such information to be accurate as of the date of publication, it undertakes no duty to update this information for subsequent developments. Readers should independently verify any information on which they intend to rely in making an investment decision or otherwise. Third-Party Information Where this press release includes references or links to third-party sources, data, or websites, the Company does not endorse or guarantee the accuracy or completeness of such information. Any reliance on third-party information is at the reader's own risk. The Company assumes no liability for the content of any third-party materials referenced herein. Trademarks Any trademarks, service marks, trade names, or logos referenced in this press release are the property of their respective owners. Reference to any specific product or service does not constitute or imply endorsement by the Company unless expressly stated. No Financial, Legal, or Tax Advice This press release is provided for informational purposes only and does not constitute or contain legal, tax, accounting, or investment advice. Readers should consult their own professional advisors before making any financial decisions. Investor Contact:
Yahoo
21-03-2025
- Business
- Yahoo
SEC launches 'crypto clarity' roundtable series as Trump administration shifts approach
On Friday, the U.S. Securities and Exchange Commission (SEC) will kick off a series of public roundtables under the banner 'Spring Sprint Toward Crypto Clarity,' aiming to reassess crypto regulations in the United States. The first session, How We Got Here and How We Get Out – Defining Security Status, takes place on March 21 and will be open to the public and the crypto community. The event will delve into the longstanding debate about whether cryptocurrencies are classified as securities or commodities. To address the question, the event will feature a roundtable of legal and fintech experts discussing crypto regulation, including Miles Jennings, General Counsel at Andreessen Horowitz's crypto division, who concentrates on crypto policy and law; Collins Belton, Managing Partner at Brookwood P.C., who specializes in advising crypto enterprises; and Dr. Chris Brummer from Georgetown Law, a scholar in digital assets law, among others. Under the Trump administration, many in the industry hope that digital assets will fall under the purview of the Commodities Futures Trading Commission (CFTC), which has taken a lighter enforcement approach compared to the SEC under former chair Gary Gensler. During Gensler's tenure, the SEC pursued 125 enforcement actions against the crypto industry, though that number declined by 30% in his final year, according to Cornerstone Research. In contrast to this, the CFTC only initiated 58 enforcement actions last year, only some of which targeted crypto firms. While it remains to be seen if the CFTC will expand its crypto ambit, earlier this month, the CFTC hosted its inaugural Crypto CEO Forum and discussed potential plans to pilot a crypto program on tokenized non-cash collateral, indicating a growing interest in the space. 'The roundtables are a key part of our engagement with the public,' said SEC Commissioner Hester M. Peirce. 'I look forward to drawing on their expertise to shape a workable regulatory framework for crypto.' The series comes amid a shift in SEC enforcement following Gensler's departure. The SEC has dropped a wave of lawsuits and investigations into major crypto firms, including Coinbase, OpenSea, Uniswap Labs, Robinhood, and Kraken. Sign in to access your portfolio
Associated Press
24-02-2025
- Business
- Associated Press
Nixxy's Auralink AI Announces Up to $120 Million AI-Enabled Reciprocal Telecommunications Services Agreement with a Global Technology Provider
NEW YORK, NY / ACCESS Newswire / February 24, 2025 / Nixxy, Inc. (NASDAQ:NIXX), the 'Company' or 'Nixxy', announces that its wholly owned subsidiary, Auralink AI, Inc. entered into a twelve-month contract with Mexedia SpA (website: an Italian based technology and communications provider, which is traded on Euronext Growth Paris under the symbol: Mexedia had revenues of 323,871,000 Euros for the year-ended December 31, 2023, per its audited financial statements. Commencing on or before May 1, 2025, Auralink Al will provide Mexedia SMS services over its newly integrated cloud-based platform that helps carriers and operators aggregate wholesale SMS messaging. Auralink has engineered its port provisioning to scale dynamically and support up to $10,000,000 in revenue per month for twelve calendar months. The Agreement will renew automatically thereafter, subject to either party's right of termination upon proper notice. Auralink Al will also be layering its enhanced Al platform for dynamic billing and quality and price-based routing, with the multitude of carriers it interconnects with. Said Miles Jennings, Interim CEO of Nixxy, 'We are pleased that so soon after we acquired our AI-enhanced billing software and switching platform, we were able to secure a substantial reciprocal telecommunications contract with an internationally traded public company in Mexedia, SpA. We expect to increase our service capacities in Q2 and Q3 and the Company plans to provide further financial guidance in accordance with Reg FD in the near future.' Evan Sohn, Chairman of the Board of Directors of Nixxy stated: 'As we originally announced in 2024, executing a restructuring of the company, the overarching goal of Nixxy, is to transform traditional businesses with technology in a disruptive manner, thereby profiting from efficiencies. We will continue this expansion every quarter with the goal of additional vertical integration. This is planned to produce higher margins from existing revenues. We will enable growth by providing customers a greater suite of services at highly competitive pricing relative to the marketplace. Utilizing AI to rapidly scale revenues and profitability over the next twelve months gets us closer to our stated goal of building a billion-dollar enterprise.' Operational Transformation: Nixxy is focused on integrating advanced technology and data-driven insights into the operations of acquired businesses. The Company is currently in advanced discussions with several additional acquisition targets that fit the aforementioned criteria and anticipates additional announcements in the near future, subject to the finalization of agreements. Building a Strong Leadership Team Nixxy is building a leadership team with experience in capital markets, mergers, acquisitions, and operational management. Nixxy plans to announce key appointments in the coming weeks. Upcoming Website Enhancements and Investor Communication Nixxy is updating its corporate website to reflect its strategic direction. The updated site will provide shareholders and stakeholders with insights into the company's strategy and focus areas. Filings and press releases can be found at About Nixxy Nixxy, Inc. (NASDAQ:NIXX) is committed to transforming traditional markets through cutting-edge technology and data-driven insights. By acquiring cornerstone businesses in established industries and evolving their operations with innovation, Nixxy unlocks new potential and creates opportunities for transformative growth. The company focuses on sectors poised for digital innovation, leveraging data and technology to disrupt conventional business models and drive progress. Contact Information Nixxy [email protected] Forward-Looking Statements Disclaimer This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including those regarding our business strategy, future operations, prospects, potential usage and revenues under the described agreement, acquisition plans, financial condition, and market opportunities, are forward-looking statements. Words such as 'anticipates,' 'believes,' 'expects,' 'intends,' 'plans,' 'projects,' 'potential,' 'will,' and similar expressions are intended to identify forward-looking statements. These statements are based on our current expectations and beliefs and are subject to various risks, uncertainties, and assumptions, including those related to actual usage under the agreement, market conditions, regulatory approvals, competition, and our ability to successfully implement AI-enhanced services. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. We caution readers not to place undue reliance on any forward-looking statements. Except as required by law, we disclaim any obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise. Third-Party Data Disclaimer The financial information regarding each of Nixxy's and Mexedia SpA's financial information presented in this press release is based on data provided by third-party sources and the target company itself. While Nixxy has made reasonable efforts to verify the accuracy of this information, the Company cannot guarantee its completeness or reliability. This data is subject to further due diligence, and actual financial results may differ materially. Investors should not place undue reliance on this information when making investment decisions. Nixxy disclaims any obligation to update or revise this information, except as required by law. No Offer or Solicitation Disclaimer This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
