Xalles Holdings Inc. (OTCPK:XALL) entered into share purchase agreement to acquire MinervaWorks Holdings, Inc. on March 18, 2020. Details of the agreement include a series of buyout payments during a one-year period. Under the Share Purchase Agreement, Xalles Holdings Inc. will acquire all of the common shares of MinervaWorks Holdings, Inc., which in turn will wholly own the two subsidiaries, Minerva Automation, Inc. and MinervaWorks, LLC. The combined MinervaWorks organization, which includes 11 full time employees, in this recession-proof business, will become a wholly owned subsidiary of Xalles Technology Inc. Rodney Bowers, the Founder and President of MinervaWorks Holdings, Inc. will continue in his role during an extended three-year transition period following the closing event. MinervaWorks has generated revenue hat exceeded $2 million. The transaction is expected to close on March 31, 2020.