Auxxit selected to join the 13th class of Preccelerator based in Southern California
09/24/2019

Auxxit, a tech start-up that builds peer-to-peer marketplace tools for mobile community commerce, announces admission to the Preccelerator Program.

Online PR News – 24-September-2019 – Denver, Colorado – Auxxit, a Colorado-based tech start-up that builds peer-to-peer marketplace tools specifically for mobile community commerce, announced its admission to the 13th class of the Southern California based Preccelerator Program. The Preccelerator Program is an accelerator for early-stage startups offered to select companies out of the Santa Monica office of Stubbs Alderton & Markiles, LLP that provides capital, sophisticated legal services, interim office space, mentorship, a targeted curriculum, investment strategy counseling and access to a strategic perks portfolio.

Auxxit is an innovative mobile marketplace platform that brings together communities of like-minded people in group chat and provides them with peer-to-peer commerce tools that make it easier and more fun to discuss, buy, and sell their passion-based items. The platform is designed to use group chat as the foundation for topic-based social forums and to replicate real world commerce events such as auctions, flea markets, and trade shows with items related to each topic. Currently, the platform is in beta testing and available through Apple TestFlight and in Google Play Store.

Auxxit is an innovative mobile marketplace platform that brings together communities of like-minded people in group chat and provides them with peer-to-peer commerce tools that make it easier and more fun to discuss buy and sell their passion-based items.

The Preccelerator Program provides access to an extensive array of mentor and investor relationships for companies bringing new tech to market. Vincent Arena, CEO of Auxxit, stated "While we have had several notable achievements, such as raising pre-seed capital, building an experienced and diverse execution team, including an in-house development group, and releasing a beta-version of our proof-of-concept in the app stores, our acceptance into the Preccelerator Program gives us a key partner as we prepare to launch the next generation of fully interactive mobile commerce experiences. I couldn't be more impressed with everyone on the Preccelerator team and am extremely grateful that we have been selected to reap the benefits of such an exciting program."

If you would like to learn more about Auxxit's vision for community commerce, please go to www.auxxit.com and click on the "Get App" button to download the Auxxit beta app to your mobile device (available on iOS and Android).

About Auxxit

Auxxit is the first real-time chat application designed specifically for mobile community commerce. Our platform enables anyone to start and build a unique virtual community, with each community centered on a real-time group chat room. We bring together social networking, unique commerce interactions, payment, and shipping tools to promote community engagement and facilitate peer-to-peer sales.

This press release may contain forward-looking statements regarding future events or our expected future results that are subject to inherent risks and uncertainties. All statements in this press release other than statements of historical facts are forward looking statements. Forward looking statements are generally accompanied by terms or phrases such as "estimate," "project," "predict," "believe," "expect," "anticipate," "target," "plan," "intend," "seek," "goal," "will," "should," "may," or other words and similar expressions that convey the uncertainty of future events or results. Statements contemplating or making assumptions regarding actual or potential sales, market size and demand, prospective business contracts, trends, or operating results also constitute forward looking statements. Our actual results may differ substantially from those indicated in forward-looking statements because our business is subject to significant economic, competitive, regulatory, business, and industry risks, which are difficult to predict, and many of which are beyond our control. Our operating results, financial condition, and business performance may be adversely affected by a general decline in the economy, competition, changes in regulations, a decline in the demand for online marketplaces, a lack of profitability, and other risks. We may not have adequate capital, financing or cash flow to sustain our business or implement our business plans. Current results and trends are not necessarily indicative of future results that we may achieve.

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