Chartmaster
2 weeks ago
WHEN Group and Intent HQ Announce Strategic Alliance to Provide Critical Next-Generation Cybersecurity AI
WHEN Group Joins with One of Fastest Growing AI Companies in Europe
BOCA RATON, FL and LONDON, UK, July 09, 2024 (GLOBE NEWSWIRE) -- World Health Energy Holdings, Inc. (OTC Pink: WHEN) (“WHEN Group”), a telecom and cybersecurity company, and Intent HQ Limited announced today the formation of a strategic alliance to develop new products leveraging their respective technologies to introduce the next generation in mobile cybersecurity AI. This partnership aims to address the rapidly increasing demand for comprehensive solutions to combat threats to businesses and individuals. The solutions will be designed to address the rising online and offline threats to children and teenagers through cyberbullying and online and offline predators such as pedophiles and financial scammers.
WHEN Group was founded by Israeli engineers and international professionals with deep backgrounds in cybersecurity and data threat remediation in both government and private sectors. From business and personal privacy to fin-tech security, WHEN Group has been developing solutions that utilize advanced behavior pattern recognition and AI to create a security screening environment that can detect and defend against a range of threats and attacks on telecom, banking, and other communication infrastructure.
Under the terms of the collaboration, WHEN has acquired a perpetual license to integrate Intent HQ’s patented Edge AI technology into WHEN’s products and services across the WHEN Group of companies, including CrossMobile, a new telco launched in Poland. The two companies will further collaborate to continue the development of WHEN’s products in next generation cybersecurity AI.
“We are excited to be collaborating with Intent HQ,” said Mr. Giora Rozensweig, CEO of WHEN Group. “Their Edge AI technology is a powerful complement to our various products across our group of companies. Together, we intend to offer unique solutions to our customers that meet emerging market needs in cybersecurity. For example, online and offline harassment affects over 50% of children and teenagers. Under or ‘Zero Trust’ philosophy, a 360-degree defense system is available to every business and household.”
Mr. Jonathan Lakin, CEO of Intent HQ, stated, “We look forward to working with the WHEN team to address these challenges. Our Edge AI technology, supported by 37 patents, uniquely empowers users through their mobile phones without requiring the transmission of personally identifiable data. Our technology operates entirely on the phone, identifying user needs and providing relevant services precisely when needed, all while maintaining user anonymity. That’s the beauty of Edge AI. Operating with a mobile phone is challenging, which underscores the uniqueness of our technology. With the rise of generative AI, our technology will ensure personalized prompts to deliver highly relevant services.”
According to the collaboration terms, WHEN will integrate Edge AI technology into their existing products. Both parties will also work together to introduce innovative new products to the market, which will be jointly promoted and sold.
Additional details relating to the agreement and the collaboration are included in the current report on Form 8-K filed by WHEN on July 8, 2024.
About WHEN Group
World Health Energy Holdings, Inc. (d/b/a WHEN Group) is a holding company comprised of SG 77, Inc./RNA Ltd, which develops and significantly improves existing cybersecurity solutions in the B2C and B2B marketplace and CrossMobile Sp z o.o., a company formed under the laws of Poland, which provides public mobile telephone services in Europe.
WHEN Group develops new systems by applying pattern recognition technology based on IOT / mobile / servers and computer activity, analyzing human and device behavior, relationships and BPM (Business Process Management) in order to automatically identify and prevent potential danger to individuals and companies. The B2C Cybersecurity division targets families concerned with external cyber threats and exposures in addition to monitoring a child's behavioral patterns that may alert parents to potential tragedies caused by cyberbullying, pedophiles, other predators, and depression. The B2B Cybersecurity system software development and implementation company is focused on innovative solutions for the constantly evolving cyber challenges of businesses, non-governmental organizations (NGOs) and governmental entities. By deploying a highly experienced development team, RNA Ltd. anticipates both internal and external cyber threats, by identifying behavioral patterns that flag potential cyber compromises.
CrossMobile provides an opportunity in our evolution and provides us with a strong foothold in the European mobile telecom market. CrossMobile is planning to roll-out a comprehensive suite of value-added services for B2B and B2C customers in the telecom industry.
Additional information is available at: https://www.whengroup.com/.
About Intent HQ
Named AI Company of the Year at the British Data Awards 2024, also recognized as one of the fastest-growing companies in Europe on the FT1000 three years in succession, Intent HQ, is a visionary company redefining the landscape of AI and customer data analytics, firmly placing customer privacy at the heart of scalable, personalized marketing strategies.
As pioneers in transforming first-party customer and transaction data into actionable, human-like insights, our leading-edge patented AI technologies have been instrumental in enabling global enterprises to shift away from mass marketing towards more balanced, value-driven customer interactions. We deliver the technology that increases our client's customer engagement and marketing campaign success, reduces customer loss, and creates new revenue streams while keeping customer data private, and compliant with regulations.
Declared by STL Partners in the Top 100 Edge Computing Companies of 2024, Intent HQ is a global team of 100+ data scientists, digital marketers, CRM experts, and data engineers with operations in London, New York, Barcelona, and Lisbon.
To learn more about Intent HQ and its range of products, go to www.intenthq.com.
Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. These forward-looking statements involve substantial uncertainties and risks and are based upon our current expectations, estimates, and projections, and reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including, but not limited to, the current situation in Israel, our ability to raise the capital needed to realize our business plan and on commercially reasonable terms to realize the opportunity afforded by the collaboration with Intent HQ, our success in integrating the WHEN and Intent HQ technologies, the success of our business plan, market reception of our products, our ability to retain needed personnel and our ability to compete against companies with much larger resources as well as the risks and uncertainties discussed under the heading "RISK FACTORS" in our Annual Report on Form 10-K for the year ended December 31, 2023 filed on April 15, 2024, and in our other filings with the Securities and Exchange Commission. We undertake no obligation to revise or update any forward-looking statement for any reason.
Contact Information:
WHEN Group Investor Relations
info@WHENGroup.com
For Intent HQ:
Colin White
Head of Marketing
colin.white@intenthq.com
+44 (0)20 7636 4400
https://www.globenewswire.com/newsroom/ti?nf=OTE3NTE0MyM2MzU5MTI2IzUwMDA2NzQ2OQ==
https://ml.globenewswire.com/media/Y2UwZmQ3MDgtY2FjMC00M2I2LWI4NjAtZTIxNjRiMGUzZmQzLTUwMDA2NzQ2OQ==/tiny/World-Health-Energy-Holdings-I.png
Source: World Health Energy Holdings, Inc.
© 2024 GlobeNewswire, Inc.
https://www.otcmarkets.com/stock/WHEN/news/story?e&id=2912246
9Coastal
2 months ago
Greetings Luckyyu, my apologies for a delayed reply, I do not have a subscription for private reply, and only pop in on occasion, so my messages may be vague in nature as a public reply. WHEN technology and products are (far) from fizzled. Giora is very busy no doubt, but am sure when they cross paths with the right partner, business combination, merger or even a sale I would not know any sooner than any message forum. Giora is very forthright and forthcoming and connected to keeping shareholders abreast, when it's available and he is free to do so. I believe shareholders are at the forefront of decisions and outcomes aside from what will be best to catapult and progress their company. Though the hope with the former CUEN deal was not the best fit to move forward, WHEN's efforts and with their technology it's just a matter of time (or timing), and/or crossing paths with an explosive partner, combination or (other). WHEN is very excited and confident with the technology they have in addition to a holding fast to a worthy mission of cyber safety for all (i.e. organizations, parents and kid safety.).. they have unique products, technology and much more. I was intrigued with the investment of "Insta View", however, I know of nothing moving forward with it as of April or at this time. The big mover product appears to be their "Cross Mobile" investment product, and if you view their website, they have opened up in other niches, such as with WHEN Green Energy. If you have not had a chance, view the May 20, SEC filing, I was mainly interested in the topics under Financial condition, Liquidity, Cash, Revenue section, and Selling and marketing. WHEN is very transparent as far as I believe and has a right to be confident in their products and technology. I am sorry this is the long version of a reply, and probably not much help or info. There are always so many unexpected variables (good or bad), that can affect companies especially with the current global unrest, however I personally don't like to go by what everyone else sees, feels, or media reads.. I believe this stock company is worthy.. and will have their "day in the Sun".. Giora is pretty shrewd and savvy, well versed and I believe they are also just trying to make sure they consistently manage well, all areas of the business, money, and don't sell themselves short. They are not desperate, and they know what they have. I personally will continue to buy and hold. My comments are solely my opinions based on my observations, findings, due diligence and my interpretation of conversations. Sincerely C.
9Coastal
5 months ago
To Giora. Patience is a virtue. I am not excited about 73% stake of CUEN in WHEN. Please take all the time to weigh. I would prefer the WHEN ticker stays. Make the split 49% CUEN, 51% WHEN. I like CUEN, I invested in CUEN, I found you through CUEN, I like(d) why they are doing what they do.. i.e. - the underserved.. the under banked.. Latino sector. NP! But.. when the news broke for CUEN about the WHEN acquisition & the hefty 73% stake, I started to research you. They need and want you and what it would mean for them, and yes, I read you all have been friends along time, I just don't want to see that friendship cloud, sway, or influence you settling for less than you're worth. YOU'RE WORTH IT!! Take- your-time. Personally, I would prefer to still be able to buy and invest in WHEN solo and all the other endeavors you will be creating that will come to fruition. Either let CUEN buy out your current product (for a hefty price tag) and let WHEN shareholders get paid out .50 centavos (or above), in CASH$ per our shares and you keep the WHEN ticker or rebrand your ticker and let us keep investing in YOU! I don't want my WHEN shares converted to CUEN shares..and for what price and what %? .. 2 WHEN shares for 1 CUEN shares.. 50 for 1 CUEN share.. 100 or 1000 or 10,000 of our WHEN shares for 1 CUEN share. Most importantly, you must know... Israel "brains" and brands are the envy of every nation and every top notch company in the world. Everyone wants what you have. Yes, we know you want to grow and you need a strong partner, just make sure your products serve all. Not just CUEN's dream. Their plan/dream is worthy, but YOU... are the feather in their cap! Be true to yourselves, not friendship exclusively. I trust and support you, I just don't want to lose you. I would prefer to see you & BB (Blackberry) work something out, a business combination, and bring your brains and their braun (4 years of cash reserve they have) and partner with them to bring back a 'creme de la creme' phone back from the dead, and BLOW Apple phones and the market out of the water! Wouldn't that make headlines!!! BB was just an example. Why do you need to relent to being taken over, such a high stake 73%? Why not find another way with CUEN. I personally don't want to see you evaporate into obscurity. You're not obscure. We know you're not a sell out and we trust you. Don't let impatient investor(s) or friendships rush you and don't let CUEN rush you! We can just wait. I pray you will not be "owned". The "deal" needs to keep you free to invent and separately create other products that CUEN cannot own, and you should still be able to start up or create other companies they cannot and will not own. Don't give them everything. "Read their fine print." We believe in you. C.
AKAPAK
8 months ago
Some clues in the 20 Nov 2023 10Q
WORLD HEALTH ENERGY HOLDINGS, INC .
NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS
E. Board and Shareholder Authority for Reverse Stock Split
On June 21, 2021, Company’s stockholders approved an amendment to the Company’s Certificate of Incorporation (“Reverse Stock Split Certificate of Amendment”) in order to effect a reverse stock split of the Company’s common stock pursuant to a range of between 1,000-to-1 and 15,000-to-1 (the “Reverse Stock Split”), when and as determined by the Company’s Board of Directors. Pursuant to the Reverse Stock Split, each one thousand or fifteen thousand shares of common stock, or any other figure within that range, as shall be determined by the Board of Directors at a later time, will be automatically converted, without any further action by the stockholders, into one share of common stock. The Reverse Stock Split Certificate of Amendment will be effective upon receipt of approval from the Financial Industry Regulatory Authority (“FINRA”) for the Reverse Stock Split and the filing with the Secretary of the State of Delaware. As of the date of this report, the Board of Directors has not determined any particular range for the Reverse Stock Split and no application has been presented to FINRA.
(this still stands imo)
22
Letter of Intent with Cuentas Inc.
On October 16, 2023, UCG, Inc. (“UCG”), the holder of approximately 75% of the issued and outstanding shares of WHEN, executed and delivered a binding term sheet (the “Term Sheet”) with Cuentas Inc. (“Cuentas”), a company currently listed on The Nasdaq Stock Market LLC. Pursuant to the terms of the Term Sheet, UCG will transfer all its shares in WHEN to Cuentas in exchange for the issuance to UCG of that number of shares of Cuentas which will represent 50% of the issued and outstanding shares of Cuentas on a fully diluted basis. It is contemplated that within 45 days of the execution of the Term Sheet, the parties will complete their due diligence processes and execute definitive agreements incorporating the terms of the Term Sheet. The share exchange is contingent on obtaining the approval of Nasdaq and the shareholders of Cuentas to the contemplated transaction, the filing with the Securities and Exchange Commission of a registration statement on Form S-4, an independent third-party appraisal of the value of the Cuentas shares, the grant by the Nasdaq Stock Market of an extension at least through April 1, 2024 for Cuentas to comply with Nasdaq’s minimum stockholder equity requirements and other customary closing conditions. The parties agreed to use their best efforts to consummate the transaction as soon as practicable, but not later than December 15, 2023, unless extended in writing. Either party has the right terminate Term Sheet if the closing does not occur on or before said date or the parties are unable to enter into a definitive stock purchase agreement before expiration of the 45-day diligence period.
Upon the consummation of the share exchange contemplated by the Term Sheet, the board of directors of Cuentas shall be increased to nine members. UCG and the Cuentas Shareholders will each designate two members, with the remaining five independent directors to be nominated by mutual agreement of UCG and the Cuentas Shareholders.
The Term Sheet further provides that each of Giora Rozensweig, the interim CEO of the Company, George Baumeohl, a director of the Company and a principal of UCG, Arik Maimon, CEO and President of Cuentas and Michael De Prado, the President of Cuentas, will enter into stockholders’ agreement, the terms of which are currently being negotiated, reflecting the parties’ agreement to certain matters relating to the management of Cuentas. This agreement is currently being negotiated and will be included in the definitive agreement for shareholder approval.
The Term Sheet also contemplates that at the closing of the share exchange, Cuentas may enter into employment agreements with Giora Rozensweig, the interim CEO of the Company, who shall be designated as co-Executive Chairman of the Cuentas Board. The agreement will be on the same terms and conditions as the current Cuentas Chairman and CEO, and/or co-CEO of Cuentas and an additional Company designated person shall serve in a senior capacity as an officer of Cuentas.
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