-

TRWD Acquires Platform for Financial Services Division

NEW YORK--(BUSINESS WIRE)--Tradewinds Universal (OTCID:TRWD) today announced that it has completed the acquisition of a technology platform that the Company intends to integrate into its Financial Services Division.

Platform will support payments between entertainers and customers while allowing participating venues and management companies to retain applicable fees

Share

The acquired technology will serve as the foundation for a payment system utilizing forms of digital communication to facilitate transactions between entertainers and customers. The platform is not intended to operate primarily as a messaging application. Instead, its communications infrastructure will be used to connect private customer interactions with a structured payment process designed for the adult hospitality and entertainment industry.

Under the planned model, customers will be able to communicate with participating entertainers and initiate payments through a transaction system enabling operators to be able to retain applicable venue, platform, or management fees from transactions conducted through the system.

TRWD believes the platform can provide an alternative to informal peer-to-peer payment methods that circumvent policies, management participation, and other operational controls.

Payment functionality is expected to be implemented through qualified third-party processors and financial service providers and will remain subject to applicable laws, regulations, processor requirements, identity-verification procedures, tax-reporting requirements, and venue policies.

“This acquisition gives us a foundation to build a system around the way entertainers and customers already interact,” said Andrew Read, CEO of Tradewinds Universal. “Our objective is to create a system that ensures operators are not circumvented, thus increasing profits.”

TRWD has developed an immediate monetization plan for the acquired platform and expects commercialization efforts to begin promptly.

We intend to provide additional information regarding the platform and anticipated revenue projections in a forthcoming announcement.

About Tradewinds Universal

Tradewinds Universal (OTCID: TRWD) is a publicly traded holding company acquiring and scaling adult hospitality businesses. The Company is consolidating a fragmented industry under a public structure, in strategic alignment with Peppermint Hippo and affiliated brands. Its long-term goal is 100+ venues nationally.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding platform integration, development, payment functionality, monetization, accounting treatment, and projected revenue. Actual results may differ. Forward-looking statements speak only as of the date of this release, and the Company undertakes no obligation to update them except as required by law.

Contacts

Rocco Fuerte
Investor Relations, Tradewinds Universal
(619) 483-1008
Rocco@TradewindsUniversal.com

Tradewinds Universal

OTCID:TRWD

Release Summary
Platform will support payments between entertainers and customers while allowing management to retain applicable fees
Release Versions

Contacts

Rocco Fuerte
Investor Relations, Tradewinds Universal
(619) 483-1008
Rocco@TradewindsUniversal.com

Social Media Profiles
More News From Tradewinds Universal

TRWD Appoints Technology and Payments Veteran Jeremy Woertink to Advisory Board

NEW YORK--(BUSINESS WIRE)--TRWD adds former Marine and Joystick.tv programmer Jeremy Woertink to advance its payment gateway and evaluate strategic tech acquisitions....

TRWD Announces Beacon Market Research Coverage With Positive Rating

NEW YORK--(BUSINESS WIRE)--Beacon Market Research initiates TRWD coverage with a Positive rating and a $67M–$88M near-term enterprise value target....

TRWD Establishes Financial Services Division to Target Multimillion-Dollar Market

NEW YORK--(BUSINESS WIRE)--TRWD targets Multi Million Dollar adult payment processing, POS services and venue technology industry....
Back to Newsroom