Xenous Holdings, Inc. is a corporation that was originally incorporated on May 20, 1980 under the name Dayne Weiss and Associates, Inc. in the State of Utah. Through a series of acquisitions and name changes the entity became Concept Technologies, Inc., then Concept Holding Corporation, later M101 Corp., and finally Xenous Holdings, Inc. after a shareholder approved name change in November 2019. Since the merger with its subsidiary M101 Corp. on August 14, 2017 the company has conducted no material business operations. Its current activity is limited to identifying and evaluating potential assets, properties or businesses that could be acquired or merged into the company. Xenous Holdings, Inc. describes itself as a vehicle designed to facilitate a reverse merger or acquisition that would allow a private operating concern to access the public markets through the company's existing public shell. The company does not restrict its search to any particular industry or geographic region and will consider any lawful business opportunity that meets its investment criteria.

Xenous Holdings, Inc. does not generate any revenue from ongoing operations because it has no products, services or commercial activities at present. The company's financial resources consist solely of the capital it has raised through prior equity offerings and any remaining cash on hand. Its plan for the next twelve months is to allocate those limited funds toward the costs associated with evaluating potential acquisition targets, including legal, accounting and due diligence expenses. If a suitable target is identified and a definitive agreement is reached the company intends to finance the transaction through the issuance of its common stock, potential cash reserves or additional financing arranged after the target is selected. Until such a transaction is completed Xenous Holdings, Inc. will not have any source of operating income and will rely on external funding to sustain its search efforts.

Xenous Holdings, Inc. operates within the niche of blank check or shell companies that are used as vehicles for private companies to go public via a reverse merger. The landscape includes numerous other public shells, many of which possess larger cash reserves, more experienced management teams and recent operating histories that give them a competitive advantage when attracting acquisition targets. Management acknowledges that the company is at a disadvantage relative to those peers because it has minimal assets, no cash reserves and no ongoing business operations to demonstrate value to potential targets. Competitive differentiation in this sector is largely based on the perceived credibility of the management team, the structure of any outstanding securities and the ability to complete a transaction quickly while satisfying regulatory requirements. Despite these challenges Xenous Holdings, Inc. maintains that its broad mandate to consider any industry and its willingness to pursue opportunistic deals may allow it to identify targets that other more narrowly focused shells might overlook.

Because Xenous Holdings, Inc. presently has no active business operations it does not serve any customers or generate revenue from a client base. The company's customer relationships will be defined only after it completes an acquisition or merger with an operating business. At that point the customer base will consist of whatever clientele the acquired company serves, which could range from individual consumers to corporate clients depending on the industry of the target. Until a transaction is consummated there are no specific customer names, contracts or commercial interactions to disclose. The company's future success will therefore depend on its ability to locate a target with an established and sustainable customer following that can be integrated into the public reporting framework following the combination.