World Health Energy Holdings Inc. (?WHEN Group?) announced that the majority shareholder of WHEN Group executed a binding letter of intent with Cuentas Inc. (?Cuentas?). 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. Following approval and closing of the transactions, Cuentas intends to integrate WHEN Group?s portfolio of cybersecurity solutions into the Cuentas Mobile Platform and will offer WHEN Group?s advanced solutions to Cuentas?

FinTech partners. In consideration for the principal shareholder of WHEN Group, UCG Inc. (?UCG?), exchanging its 75% stake, Cuentas will issue to UCG such number of common shares of CUEN which will represent on the date of issuance 50% of Cuentas? issued and outstanding capital (on a fully diluted basis).

Subject to the terms of the letter of intent, WHEN Group management, including Major Gen. (Ret) Danny Yatom, Giora Rosenzweig, and George Baumoehl, a WHEN Group director and part owner of UCG, will be joining the Cuentas Board of Directors and/or Executive Management.