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Sunday, September 25, 2022

Beyond Commerce, Inc. (OTCMKTS: BYOC) Breaking Out as Co Enters EV Space with Agreement to Acquire Electric Built

Beyond Commerce, Inc. (OTCMKTS: BYOC) is making a move northbound out of the triple zeroes trading 2.3 billion shares on Wednesday and topping $1.5 million in dollar volume on the day. The stock has a history of making moves running to a penny in early 2021. There is a lot to get excited about here, BYOC is fully reporting, priced at under $5 million market valuation and owns and operates a data company SERVICE 800 that currently generates $1 million per quarter in revenues. More recently BYOC has moved into the booming EV space with the coming acquisition of Electric Built, headquartered in Inglewood, California. Earlier this year Beyond Commerce filed a Pre-14C to change the name of the Company from “Beyond Commerce, Inc.” to “Electric Built Holdings, Inc.” or a similar available name and applied for a new stock symbol.

On July 13 BYOC announced the signing of a definitive agreement to acquire Electric Built, headquartered in Inglewood, California. The acquisition, initially announced as a Letter of Intent on April 12, provides Beyond Commerce exclusive access to Electric Built’s commercial business know-how and business connections and operations. The acquisition is expected to close by September 20, 2022 According to Geordan Pursglove, Beyond Commerce’s Chief Executive Officer “Electric Built further expands our expertise and operations in electric vehicles. We are thrilled to be improving our position in the industry as the emergence of the electrification of vehicles becomes more and more of a reality with each passing month. We are excited to be welcoming Remo Weber as part of our team at Beyond Commerce.” 

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Beyond Commerce, Inc.(OTC PINK:BYOC) operating out of Las Vegas, Nevada is a diversified portfolio holding company that owns, operates and sells businesses across various high growth sectors. The Company currently owns and operates a data company SERVICE 800 that currently generates $1 million per quarter in revenues. More recently BYOC has moved into the booming EV space with the coming acquisition of Electric Built, headquartered in Inglewood, California.  

BYOC most important subsidiary is Service 800, which was acquired  on March 4, 2019. For more than 30 years, SERVICE 800 has been designing programs and providing resources to measure Customer Experience every day. The SERVICE 800 methodology delivers the accurate metrics you need to build and measure an effective customer journey map. SERVICE 800 programs reveal the actions and behaviors that accomplish your long-term objectives. According to its website, some of BYOC Customers: 3M, Toshiba, Lenovo, Siemens, Thermo Fisher Scientific, Medtronic, Xerox, and Hobart. The Company employs an aggressive acquisition strategy focusing on “big data” companies in the Business-to-Business (“B2B”) Internet Marketing Technology and Services (“IMT&S”) market and the Information Management (“IM”) market. 

Last year Service 800 has made the list of the 33 Top Minnesota Market Research Companies and Startups of 2021! Service 800’s customer satisfaction measurement solution and offering were highlighted for its Innovation, Growth, Management and Societal Impact. The article showcased the top picks for the best Minnesota based Market Research companies.  

Microcapdaily has reported on BYOC in the past stating on October 23, 2020: “The Company has been securing important contracts in recent weeks including with Metrasens, Compass Minerals and Cargill for which Service 800 will design programs and provide resources to measure every day customer service. The program methodology goal is to deliver accurate metrics needed to build and measure an effective customer journey map.”

On November 23, 2021, Beyond Commerce entered into a simple agreement for future equity (the “SAFE”) with Cityfreighter, Inc., pursuant to which the Company invested $250,000. Cityfreighter is a California based developer of electric low-floor trucks for the last mile delivery industry. Beyond Commerce received customary representations and warranties from Cityfreighter. The SAFE provides the Company with the right to either (a) future equity in Cityfreighter when it completes an Equity Financing, or (b) future equity in Cityfreighter or cash proceeds if there is a liquidity or dissolution event. 

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On July 13 BYOC announced the signing of a definitive agreement to acquire Electric Built, headquartered in Inglewood, California. The acquisition, initially announced as a Letter of Intent on April 12, provides Beyond Commerce exclusive access to Electric Built’s commercial business know-how and business connections and operations. please visit: http://www.electricbuilt.com. 

The acquisition is expected to close by September 20, 2022, pending employment agreements, defined milestones, and options to acquire additional assets, such as Beyond Commerce being given right of first refusal to purchase the assets, IP and all other assorted property of Electric Built’s owner including Electrogistics, Inc. and other affiliated companies. 

Geordan Pursglove, Beyond Commerce’s Chief Executive Officer, stated, “Electric Built further expands our expertise and operations in electric vehicles. We are thrilled to be improving our position in the industry as the emergence of the electrification of vehicles becomes more and more of a reality with each passing month. We are excited to be welcoming Remo Weber as part of our team at Beyond Commerce.”  

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BYOC continues northbound in recent trading on record volume trading $1.5 million in dollar volume on 2.3 billion shares traded on Wednesday alone. The stock is getting noticed by some big players in small caps and at current market valuation of just $5 million this one has plenty of room to grow. Currently under heavy accumulation BYOC has emerged in recent days as an investor favorite and is looking to blaze a path northbound and break out into a whole new dimension It’s easy to get excited about BYOC that already has an established business Service 800 with over 130 clients including Siemens, Toshiba, Johnson & Johnson, 3M Wordwide, Medtronic, Lenovo, Hobart and Xerox to name just a few. Service 800 books about $1 million per quarter in revenues. BYOC has also moved into the booming EV space with the coming acquisition of Electric Built, headquartered in Inglewood, California. Earlier this year Beyond Commerce filed a Pre-14C to change the name of the Company from “Beyond Commerce, Inc.” to “Electric Built Holdings, Inc.” or a similar available name and applied for a new stock symbol. We will be updating on BYOC when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with BYOC.

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Disclosure: we hold no position in BYOC either long or short and we have not been compensated for this article

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