(MENAFN Editorial) MISSISSAUGA, ON / ACCESSWIRE / November 14, 2017 / USA Real Estate Holding Co. (OTC PINK: USTC) ("USTC") is pleased to announce that the Company has entered into a Letter of Intent with AppSwarm, Inc. (OTC PINK: SWRM) ("SWRM"), a technology company specializing in the accelerated development and publishing of mobile apps, for the development of a smartphone based cash and Bitcoin mobile wallet. Pursuant to the terms of the Agreement, USTC and SWRM will execute a definitive agreement within 45 days from this Letter of Intent.
Mr. Bilal Shafi, CEO of , stated, "The FinTech space is growing and has the power to disrupt the way finances are conducted globally. According to Tech Crunch, in 2017 $60 billion worth of payments will be made on mobile platforms. By 2019, estimates that the total value of transactions made by tapping a phone on an in-store terminal will reach $210 Billion, up from $8.7 Billion in 2015. By 2020, 90% of smartphone users will have made a mobile payment."
He further added, "We are excited to partner with AppSwarm as they have more than 30 years of experience in publishing mobile apps. We believe the Company is now in a position to aggressively pursue opportunities in FinTech and Cryptocurrencies."
"We are very excited to be working within this ever growing and evolving space. The industry knowledge USA Real Estate Holding brings to the table is very attractive to us. We look forward to a long-term relationship with USTC. This is a great opportunity for both companies, as it allows us to leverage one another's strengths and grow together," stated AppSwarm CEO, Ron Brewer.
ABOUT APP SWARM:
We develop and publish mobile gaming and business apps, with a focus on accelerating the development of free to play mobile games and fast-track them to market. We partner with game and business developers through joint ventures, royalty agreements, marketing partnerships, and outright purchases through our publicly traded company on the OTC Markets, ticker SWRM.
For more information, visit us at , or follow us on or Twitter .
ABOUT USA REAL ESTATE HOLDING:
USA Real Estate Holding Company (OTC PINK: USTC) is a public holding company that targets acquisitions of undervalued, niche companies with high growth potential, including real estate properties, Fintech companies and other emerging digital technologies. For more details visit us at .
This 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. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events of future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluation such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
Bilal Shafi, CEO
SOURCE: USA Real Estate Holding Company