Atlantic Energy Solutions (OTC:AESO) Makes Major AI Acquisition
The AI space continues to be one of the fastest-growing sectors, and naturally, companies expanding in that sector get attention. As a consequence, the publicly listed Nixxy Inc. subsidiary Atlantic Energy Solutions Inc. (OTC:AESO) could be the one to watch this week. Last Friday, the company was in focus after news emerged about a key acquisition.
Key Acquisition
In the news release, it was revealed that Atlantic Energy Solutions, which would soon rebrand as CognoGroup, had completed the acquisition of Wizco Group Inc. The company noted that Wizco was best known for its AI-backed interview coaching software application named Ava. Wizco, which is based out of New York, had been established in 2020 and started offering a customized hub for career management that integrated advanced AI along with human knowledge.
Further Information
The purchase of Wizco from Atlantic Energy Solutions was also regarded as part of the larger strategy of the parent company Nixxy to create a portfolio of AI-powered technologies and businesses that could address scalable opportunities across different markets. It was also revealed that the acquisition of Wizco was in perfect alignment with the company’s overall strategy.
Key Quote
Commenting on the transaction, Nixxy Interim CEO Miles Jennings, who also serves as CEO of AESO, stated, “Our purchase of Ava aligns seamlessly with our strategic vision of leveraging AI to drive meaningful transformation across industries with high, technology-driven growth potential. Our priority remains scaling our core AI-driven telecom and data services, where we see strong near-term revenue potential. At the same time, we continue to identify and cultivate high-value, IP-rich opportunities that enhance the long-term intrinsic value of our growing portfolio.
Technicals
| +/- EMA(20) | 0.013 (+53.85%) |
| +/- SMA(50) | 0.0102 (+96.08%) |
| +/- SMA(200) | 0.0149 (+34.23%) |
| 5-Day Perf. | +143.9% |
| 1-Month Perf. | +81.82% |
| 3-Month Perf. | +36.05% |
| 6-Month Perf. | +25% |
| YTD Perf. | +150% |
| 1-Year Perf. | +53.85% |
| RSI(14) | 66.5 |
| ATR(14) | – |
| ADX(14) | 22 |
| Beta (5Y) | 1.13 |
