TechX Technologies signs LOI that could lead to potential acquisition of all outstanding share capital of CryptoBuddy Technologies Inc

TechX Technologies Inc (CSE:TECX) (OTCMKTS:TECXF) (FRA:C0B:FF) announced Thursday that it has signed a letter of intent (LOI) to exchange certain information in pursuit of a potential transaction involving the acquisition of all of the outstanding share capital of CryptoBuddy Technologies Inc. TechX said CryptoBuddy.ai is a crypto signals platform that allows traders to safely navigate cryptocurrency market conditions and cut through the market noise with Artificial Intelligence-generated future price forecasts and trade signals. By leveraging state-of-the-art AI, CryptoBuddy is the first to provide the most comprehensive AI-generated price forecasts and trade signals to retail investors. READ: LiteLink Technologies changes company name to TechX Technologies In a statement, TechX said the CryptoBuddy key features include: Leverages big data to find machine-recognizable patterns that are impossible for humans to identify An easy-to-navigate dashboard that simplifies complex data and presents it in a user friendly and easy to understand way Predictive analytics - Different charts and graphics for easy visualization on trends, current price, historical price, and forecasts 70-75% Accuracy AI AI system ingests over 1 billion data points daily and analyzes over 1,000 features The subscription model creates a recurring revenue stream "We are very excited to engage with CryptoBuddy, an AI solution that is helping novices and intermediate traders cut through the noise and generate a consistent and significant alpha," said TechX CEO Peter Green in a statement.  "With more and more retail investors turning their attention towards bitcoin trading, easy-to-navigate solutions that offer predictive, accurate analytics are essential. CryptoBuddy has the potential to provide crypto traders with a competitive edge, while bringing in a recurring revenue stream that will increase along with the market's appetite for crypto." The group cautioned that the LOI entered into with Cryptobuddy does not set forth the terms of the proposed transaction, nor have such terms been finalized. Completion of the proposed transaction is subject to a number of conditions, including, not limited to, completion of due diligence, negotiation of definitive documentation, and the receipt of any required regulatory approvals.  Contact the author: patrick@proactiveinvestors.com Follow him on Twitter @PatrickMGraham