Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Instagram Outage Disrupts Thousands of U.S. Users 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
LAS VEGAS, Oct. 05, 2016 -- WealthIntel is proceeding with its non-brokered private placement offering of up to 4,000,000 Series A Convertible Preferred shares to accredited Investors both domestic and international pursuant to SEC Rule 501 promulgated under the Securities Act of 1933, as amended (the “Securities Act”), or to non-U.S. Persons as such term is defined in Regulation S promulgated under the Securities Act. The Company is offering initially 1,250,000 Series A Convertible Preferred shares at $1.60 per share, to fund Beta development and testing of WitPay, its intelligent payment method.
“WealthIntel aims to code and establish a pioneering intelligent payment method. The proceeds of the Offering will be allocated to complete Beta development and testing in addition to marketing during the testing phase anticipated to take place in one or two cities in the US. We believe the system has significant customer retention capabilities due to its unique features," said Fabrizio Boccardi CEO and Chairman of WealthIntel, Inc.
“The Private Offering has been drafted to offer in phases as needed certain amounts of Series A Convertible Preferred shares to selected investors. Based on the Company’s strategy and products we expect to create substantial value during Beta,” said George Bristol the Company’s CFO.
WealthIntel has previously announced that trademark applications have been filed for WitPay™ to name its pioneering intelligent method, system of payment finance and social commerce operated and managed by GobblinQ™ (“GQ System”). WealthIntel acquired the Intellectual Property from Scintilla Quantum LLC.
GobblinQ™ has pending patents filed in the USA and internationally by the New York law firm of Andrews Kurth Kenyon LLP.
WealthIntel has recently engaged management and its CTO to lead Beta development and testing.
Venture capital firm Legion Capital America controlled by investor Fabrizio Boccardi is sponsoring the Offering by providing capital through the first closing.
About WealthIntel, Inc.
WealthIntel, Inc. is an American development stage technology company that designs, develops, software and sells consumer products and services in the payment, finance, banking, e-commerce and m-commerce sectors.
About Legion Capital America, LLC.
Legion Capital America, LLC, is a venture capital firm focusing in early stage companies.
Contact: WealthIntel, Inc. George Bristol/CFO: [email protected] Phone: (702)966-0805
