Chineseinvestors.com, Inc. (OTCPK:CIIX) entered into a letter of intent to acquire assets of XBTeller.com, Inc. for $2.5 million on May 7, 2018. As per the consideration, Chineseinvestors will pay $0.4 million in cash and $2.1 million in the Chineseinvestor’s restricted stock. Chineseinvestors will also make an additional investment in the operations of XBTeller.com of approximately $1 million over the next twelve to eighteen months that will provide for the expansion of the existing ATM network locations in Colorado and in other states. The parties have until June 30, 2018 to enter into a definitive asset purchase agreement. ChineseInvestors has committed to provide a refundable earnest money deposit of $0.01 million pending completion of the agreement. XBTeller.com founders Noah Berger and Alex Syal will join the ChineseInvestors.com, Inc. management team to lead the ATM/OTC operations. The combined synergy of the media and internet education services, the mining, and the ATM/OTC operations is expected to generate $10 million - $15 million in revenue in the first twelve months following complete integration. Chineseinvestors.com, Inc. (OTCPK:CIIX) cancelled the acquisition of assets of XBTeller.com, Inc. on May 7, 2019.