Latest news with #EduardoBrito
Associated Press
23-06-2025
- Business
- Associated Press
Accredited Solutions, Inc. (OTC: ASII) Announces Launch of CDRChain, a Blockchain-Based Marketplace for Voice and SMS Settlement
NEW YORK, NY - June 23, 2025 ( NEWMEDIAWIRE ) - Accredited Solutions, Inc. (OTC: ASII) ('Accredited Solutions' or the 'Company') is proud to announce the coming launch of CDRChain, a next-generation blockchain-based settlement marketplace designed to revolutionize the way telecom carriers, MVNOs, and global partners manage and reconcile call detail records (CDRs) and SMS traffic. CDRChain offers a streamlined, automated solution for near real-time transaction validation and settlement, addressing long-standing inefficiencies in legacy billing and clearing systems. The platform reduces reconciliation times, minimizes fraud, and increases trust across the value chain by leveraging blockchain's immutable ledger, smart contract functionality, and decentralized processing power. 'The launch of CDRChain marks a transformative moment for our company and the telecom settlement industry at large,' said Eduardo Brito, CEO of Accredited Solutions. 'We've built a product designed to serve the real-time needs of global voice and SMS markets, solving for inefficiencies that have plagued the industry for decades. Our mission is to simplify and secure the transaction settlement process, and we're excited to now bring this technology to market.' CDRChain aims to empower its users with: • Accelerated Settlement: Transactions settled in near real-time, drastically reducing delays in payments and disputes. • Reduced Fraud Risk: Immutable blockchain infrastructure that ensures trust and traceability. • Operational Efficiency: Automation of invoice reconciliation and dispute resolution. • Cost Savings: Streamlined processes that significantly lower administrative overhead and reduce clearinghouse fees. • Transparency: All counterparties can audit transactions via the shared ledger. The Company views CDRChain as a potential end-game solution for the telecom industry - one that could serve as the unified, go-to marketplace for the bulk of global SMS and voice traffic settlements. With no other established players offering a comparable blockchain-based platform for this purpose, CDRChain is uniquely positioned to become the central hub for industry-wide interconnect reconciliation. The solution is fully described at where users can explore the platform's benefits and join the waiting list for early access. Accredited Solutions encourages interested carriers, MVNOs, wholesale providers, and infrastructure partners to register and be among the first to experience the platform firsthand. Our estimation is to have a full working MVP with 3 test clients interconnected by end of Q3 of this year. Our team wil begin to engage with potential telco clients in the coming days, taking into advantage this launch announcement. The Company's leadership team is uniquely positioned to drive CDRChain's adoption and success, with a proven track record in entrepreneurship and longstanding partnerships across the telecommunications ecosystem. Their deep experience and connectivity in the telco world give CDRChain a significant operational and strategic advantage as it enters the market. About Accredited Solutions, Inc. Accredited Solutions, Inc. (OTC: ASII) is a technology-focused holding company dedicated to acquiring and scaling innovative businesses in fintech, blockchain, and digital infrastructure. The Company's mission is to create long-term shareholder value by building platforms that simplify, secure, and transform digital transactions across industries. ASII Also owns and operates the Diamond Creek Water company, which manufactures and produces premium alkaline water. About CDRChain CDRChain is a blockchain-based marketplace that enables real-time, transparent, and automated settlement of telecom call detail records (CDRs) and SMS traffic between carriers and service providers. Built on decentralized infrastructure, CDRChain introduces a new era of efficiency, security, and cost reduction for the global telecommunications settlement ecosystem. Learn more and join the waiting list at Forward-Looking Statements This press release contains forward-looking statements that reflect management's expectations regarding future performance. These statements involve risks and uncertainties, and actual results may differ materially. Accredited Solutions, Inc. undertakes no obligation to update any forward-looking statements in this release. Investor Relations Contact: Accredited Solutions, Inc. Investor Relations [email protected] View the original release on
Associated Press
16-06-2025
- Business
- Associated Press
Accredited Solutions, Inc. (OTC: ASII) Aligns Strategic Focus Around ItsBchain to Launch Telco Blockchain and AI-Powered Settlement Platform
NEW YORK, NY - June 16, 2025 ( NEWMEDIAWIRE ) - Accredited Solutions, Inc. (OTC: ASII) ('Accredited Solutions' or the 'Company') today announced a strategic shift in its operational focus, centering its business model around the upcoming acquisition of ItsBchain, a blockchain subsidiary with deep expertise in telecommunications infrastructure and settlement automation. This move is part of the Company's mission to lead in the next generation of blockchain-based telecom and fintech solutions. ASII is proud to confirm it is finalizing the acquisition of ItsBchain, as previously disclosed via a signed MOU. The acquisition is expected to close in the coming week. ItsBchain's proven leadership and forward-thinking approach have inspired a strategic partnership built on shared vision and execution discipline. ASII is excited to channel its resources into unlocking the potential of ItsBchain's most advanced platform - one that unites blockchain, telecom, and AI to create an innovative system for carrier settlement and interconnect transaction processing. 'Our decision to realign our strategic priorities is entirely driven by opportunity - an extraordinary one presented by our partnership with ItsBchain,' said Eduardo Brito, CEO of Accredited Solutions, Inc. 'They've developed multiple projects we admire, but one in particular stands out as a game-changer. We are preparing to officially launch this initiative in the coming days, and we believe it has the power to transform telecom and fintech settlements as we know them.' The upcoming project will deliver blockchain-based infrastructure and AI-powered intelligence for voice, SMS, and data traffic settlements. It is designed to reduce fraud, optimize settlement times, and increase trust between telecom carriers globally. ItsBchain is led by a world-class team that includes former CEOs of major Latin American telecommunications companies, alongside IT and financial professionals with more than 25 years of industry experience. The strength and credibility of this leadership team further reinforce ASII's belief that this partnership is the most strategically compelling opportunity in the Company's history. A Strategy Grounded in Forward Momentum This realignment does not come from improvisation, but from a strategic reassessment of the most accretive and scalable opportunities currently in ASII's pipeline. The partnership with ItsBchain, backed by its exceptional management team, offers ASII a growth roadmap that is not only exciting but also operationally efficient and highly aligned with global technology trends. Corporate Update on Globetopper As part of this strategic refocus, ASII will be rescinding its Stock Purchase Agreement with Globetopper effective June 30, 2025. While the Globetopper acquisition offered initial access to the digital gift card market, shareholder response and market behavior made it clear that the structure would have created excessive dilution on ASII - over 300% of ASII's current market capitalization to honor this acquisition. Though the e-gift card industry remains promising, it is highly fragmented and increasingly competitive. In contrast, the opportunity with ItsBchain positions ASII to become a true market leader in a high-demand, innovation-driven sector. This is not a 'me too' entry - it is a move into the epicenter of a transformative global market. Audit and Reporting Update The Globetopper transaction introduced unexpected complexities to ASII's audit process. However, those challenges have been largely resolved, and the Company is now in the final stages of completing its financial audit. ASII expects to file its updated financials and regain current status in the coming weeks. About Accredited Solutions, Inc. Accredited Solutions, Inc. (OTC: ASII) is a technology-focused holding company dedicated to acquiring and scaling innovative businesses in fintech, blockchain, and digital infrastructure. The Company's strategic objective is to create long-term shareholder value by building and integrating technologies that solve real-world payment and settlement challenges. About ItsBchain ItsBchain is a blockchain-based technology firm dedicated to developing enterprise solutions that solve structural inefficiencies in telecommunications and financial systems. Specializing in blockchain-as-a-service (BaaS) models, ItsBchain creates scalable, secure, and real-time platforms to streamline inter-carrier settlements, fraud mitigation, and cross-border digital payment operations. The company's leadership includes veteran executives from major Latin American telecom operators and finance/IT professionals with more than two decades of experience. ItsBchain is at the forefront of deploying blockchain and AI to create future-ready digital infrastructure. Learn more at Forward-Looking Statements This press release contains forward-looking statements that reflect management's expectations regarding future performance. These statements involve risks and uncertainties, and actual results may differ materially. Accredited Solutions, Inc. undertakes no obligation to update any forward-looking statements in this release. Investor Relations Contact: Accredited Solutions, Inc. Investor Relations [email protected] View the original release on
Al Bawaba
28-04-2025
- Politics
- Al Bawaba
Portugal and Spain power outage: Latest updates
ALBAWABA - A "major" power outage across the Iberian Peninsula, which also affects Spain and portions of France, was notified by Portugal's electrical utility on Monday afternoon. Also Read What caused Europe's massive power outage? It stated that "all plans to restore power supplies have been activated in stages in coordination with European energy producers and operators" and that "the possible causes of this incident are being analyzed." The Spanish energy distribution firm, meanwhile, stated that it might take six to ten hours to get power back to a sizable portion of the nation following a broad blackout. Parts of Portugal and Spain experienced mayhem due to the power outage, as traffic lights malfunctioned and caused congestion. As hospitals lost power and transportation networks shut down, people found themselves stuck in elevators and metros. According to informed sources, a crisis committee was established in Spain and the governments of Portugal and Spain convened to examine the power loss, which momentarily impacted areas of France. Due to a severe power outage that affected both Spain and Portugal, the Spanish train operator declared in a breaking news broadcast that it had suspended all train services by the evening. Portugal's National Cyber Security Center said in a statement that there was no proof the disruption was the result of a hack. Reporters were informed by Eduardo Brito, the company's chief operational officer, that the power outage was "exceptional and unusual." Later this afternoon, however, Portugal's Minister of Development stated that the country's power loss "may be due to a cyberattack." The prime minister of Portugal went on to state that "nothing is ruled out, but there is no indication that the power outage is related to a cyberattack." The power outage in Spain and Portugal affected metro networks, phone lines, traffic lights, and ATMs, including the capitals of both countries. The Spanish prime minister convened a National Security Council meeting in the presidential palace to address the problem, according to an Al Jazeera correspondent. According to a European Commission spokesperson, the Commission is corresponding with national authorities in Portugal and Spain to determine the reason behind the power outage. The president of the European Commission stated that she has discussed the situation with the Spanish prime minister and that she is keeping an eye on it with national and European authorities as well as the Electricity Coordination Group. Separately, the power failure caused difficulties and stoppages at several major European airports in France, Portugal, and Spain, according to navigation data from the Flightradar website, which specializes in tracking aviation traffic. The Portuguese electricity company said the power loss was triggered by an unusual weather occurrence on the Spanish grid and could take a week to restore regular service. The President of the European Council said there are no signs of a hack related to the outage and that Portugal and Spain's electrical grid managers are investigating. He also said he is in touch with Portugal and Spain's prime ministers about the power outage.
Associated Press
21-03-2025
- Business
- Associated Press
Accredited Solutions, Inc. (OTC: ASII) Signs Letter of Intent to Merge with Everest Consolidator Acquisition Corporation (EVCO), Paving the Way for a Nasdaq Listing
NEWMEDIAWIRE) - Accredited Solutions, Inc. (OTC: ASII) ('Accredited Solutions' or the 'Company') is pleased to announce the signing of a Letter of Intent (LOI) with Everest Consolidator Acquisition Corporation (EVCO) for a business combination that would result in ASII becoming a publicly traded company on Nasdaq. This proposed transaction aligns with ASII's long-term growth strategy, providing access to additional capital markets, accelerating acquisition plans, and enhancing shareholder value. Under the terms of the LOI, EVCO will acquire 100% of ASII in a share exchange transaction, with ASII shareholders expected to own approximately 70% of the combined entity upon completion. The transaction will not require a reverse stock split of ASII's common stock, as all currently issued and outstanding stock will be exchanged into EVCO stock once the merger is complete. The business combination takes place against a shifting SPAC environment, where many firms have struggled to find suitable merger candidates, leading some to delist from major exchanges and transition to the OTC market. This changing landscape has led to reduced deal fees and lower expectations, presenting an opportunity for smaller companies like ASII to list on Nasdaq with a more cost-effective structure. 'In our opinion, a Nasdaq listing will absolutely unleash shareholder value,' said Eduardo Brito, CEO of Accredited Solutions, Inc. 'The enhanced visibility, credibility, and access to institutional investors will allow us to secure significantly cheaper capital. With lower financing costs, we can accelerate our acquisition strategy and scale ASII's growth much faster than currently possible. This is a transformational step for our company and its investors.' 'We look forward to working with EVCO's current management team to pull all combined resources into building a great company,' Brito added. 'During the negotiation process, we've gotten to realize that EVCO's current management will be an incredibly synergistic partnership in our new future together. We are confident that this transaction will move forward successfully and position ASII for long-term growth.' The parties anticipate finalizing a definitive merger agreement within the next 30 days, with a targeted closing within 150 days, subject to customary approvals and conditions. About Accredited Solutions, Inc. Accredited Solutions, Inc. (OTC: ASII) is a technology-focused holding company dedicated to acquiring and growing businesses in fintech, blockchain, and digital assets. Through strategic investments and acquisitions, the Company aims to provide long-term value to its shareholders and advance the future of digital financial services. About Everest Consolidator Acquisition Corporation (EVCO) Everest Consolidator Acquisition Corporation is a special purpose acquisition company ('SPAC') focused on identifying and merging with high-potential technology and fintech firms. EVCO is committed to facilitating transactions that unlock shareholder value while ensuring long-term success for its merger partners. Forward-Looking Statements This press release contains forward-looking statements that reflect management's expectations regarding future performance. These statements involve risks and uncertainties, and actual results may differ materially. Accredited Solutions, Inc. undertakes no obligation to update any forward-looking statements in this release.
Associated Press
12-03-2025
- Business
- Associated Press
Accredited Solutions, Inc. (OTC: ASII) Announces Acquisition of ItsBChain, Strengthening Blockchain Capabilities for Fintech and Digital Payments
NEWMEDIAWIRE) - Accredited Solutions, Inc. (OTC: ASII) ('Accredited Solutions' or the 'Company'), a technology-driven operating company focused on strategic fintech, blockchain, and digital assets, is pleased to announce the signing of a Memorandum of Understanding (MOU) to acquire ItsBChain LLC, a blockchain-based subsidiary, from iQSTEL Inc. (OTCQX: IQST). This acquisition aligns with ASII's long-term strategy to expand its presence in blockchain-powered fintech solutions, digital transactions, and payment processing ecosystems. The acquisition of ItsBChain will enable ASII to leverage blockchain technology in new and innovative ways within the digital finance sector. The integration of ItsBChain's expertise in the telecommunications blockchain market with ASII's growing e-gift card and prepaid financial services portfolio creates significant synergies. Blockchain applications in telecom have proven highly effective in securing transactions, reducing fraud, and improving operational efficiencies. ASII plans to extend these advantages to its digital payment solutions, ensuring enhanced security, transparency, and efficiency for its growing network of partners and customers. 'We are thrilled to welcome ItsBChain to the Accredited Solutions family,' said Eduardo Brito, CEO of Accredited Solutions, Inc. 'While the market has yet to fully recognize the value of our GlobeTopper acquisition, we remain confident in our vision and long-term growth strategy. The addition of ItsBChain positions us to accelerate our development of blockchain-based payment systems, particularly in the B2B segment, providing secure, efficient, and scalable fintech solutions. ItsBChain's platform has strong synergy with e-gift payment systems, which not only creates new revenue streams but also significantly reduces transaction costs. Our ambition to become a global leader in fintech payments is driven by the fact that blockchain technology represents the future of payments, and we intend to be at the forefront of this transformation. The synergies from this acquisition will cut our time-to-market by at least 70%, giving us a substantial competitive advantage. We remain committed to exploring every opportunity to maximize shareholder value, including strategic mergers, partnerships, and new investment initiatives. We deeply appreciate the continued trust and support of our shareholders as we execute our vision.' The definitive Purchase Agreement for ItsBChain is expected to be executed no later than July 1, 2025. ASII is committed to integrating blockchain technology into its financial products and services, reinforcing its leadership in the digital payment sector with enterprise level corporations, incumbent telco operators and premier online retailers. About Accredited Solutions, Inc. Accredited Solutions, Inc. (OTC: ASII) is a technology-focused operating company focused on fintech businesses and fintech enterprise solutions, blockchain, and digital payments. Through strategic investments and acquisitions, the Company aims to provide long-term value to its shareholders and advance the future of digital financial services. About ItsBChain ItsBChain is a blockchain-based technology company specializing in applications for the telecommunications industry. By leveraging blockchain to enhance transaction security, efficiency, and automation, ItsBChain has positioned itself as a leader in blockchain-powered solutions. Its technology is now being adapted to digital financial services, enabling secure and seamless transactions for global markets. About Globetopper Globetopper is a leading provider of digital transaction solutions, offering a vast portfolio of prepaid financial products, including gift cards, event tickets, cryptocurrency services, and remittance solutions. With access to over 2,700 brands across 65 countries, Globetopper empowers businesses with streamlined solutions for digital payments and rewards programs. For more information, visit Forward-Looking Statements This press release contains forward-looking statements that reflect management's expectations regarding future performance. These statements involve risks and uncertainties, and actual results may differ materially. Accredited Solutions, Inc. undertakes no obligation to update any forward-looking statements in this release.
