Proposed Acquisition by Cuentas, Inc. of Majority Stake in World Health Energy Holdings, Inc. Offers Opportunity for Expansion of WHEN Group’s Cybersecurity, AI and Telecom Technology Footprint
Acquisition Enables Integration of Synergistic Technologies and expansion of WHEN Group’s Product Offerings
BOCA RATON, FL, Oct. 19, 2023 (GLOBE NEWSWIRE) — World Health Energy Holdings, Inc. (OTC Pink: WHEN) (“WHEN Group”), a telecom and cybersecurity company with proprietary technologies developed to protect individuals and enterprises from cybersecurity threats, announced today that the majority shareholder of WHEN Group executed a binding letter of intent with Cuentas, Inc. (Nasdaq:CUEN & CUENW) (“Cuentas”), a developer of an alternative financial ecosystem to underbanked communities. The proposed share exchange transaction, pending Nasdaq and shareholder approval and other specified conditions, will result in WHEN Group becoming a majority owned subsidiary of Cuentas.