Xaurum representatives; Xaurum Creator Gasper Kenda, Masternode Jure Ristic and the Head of sales Domen Vidergar, have traveled to Montenegro, to the luxury marina Porto Montenegro. The goal of the journey is an overview of the current situation (business optimization) and the determination of the development strategy for the next 6 months.

Within the 5 day of our journey, we have organized meetings and discussions with our new business partners, the first of them is Mr. Marko Milenkovic - Project leader of Xaurum Gamma, the second is Mr. Emil Emerson, Ambassador of the Xaurum Project, and the third Capt. Zeljan Banovac Supervisor & Evaluation Manager Of Xaurum Project. We are happy and proud to have gotten people of that rank on board.

The main focus of the meetings is the setup of sales in individual countries that we have already visited and planing the expansion into new markets.

In addition to all this, we are in the late stages of implementing the option of buying Xaurum directly with Mastercard, to simplify things for customers.
 
We're also planing how to enable purchases of Xaurum by direct debit in different countries, to create a more constant demand, a greater market stability and potentially greater growth of Xaurum and a more disperse distribution, that is of course one of most important aspect of any currency. We estimate that after the 6 months of Mastercard business, we will be able to enable the purchase of services and products with Xaurum for all merchants that accept Mastercard.

The meeting also featured talks of USA, where Ambassador Emil Emerson will move in September in order to introduce Xaurum to USA markets. We are in the final stage of legal regulation as far as the United Arab Emirates is concerned, where Mr. Emerson has lived for 12 years. After we are fully compliant and licensed, a team, that is already ready, will start promoting the purchase of Xaurum monthly standing payment orders in UAE.
Tomorrow, we're meeting the general manager of Luxury Collection magazine, Mr. Miodrag Spahic. The magazine is only present on the most prestigious locations (hotels, marinas, lounges in Dubai, Abu Dhabi, Monte Carlo, Porte Montenegro and Miami). The purpose of our presence in the magazine is to create Xaurum brand awareness and launch it among the most well-known brands in the world. The magazine went to print on July 15th, the first issue will be in hand until the end of the week, and it will be possible to get it in the official offices of Xaurum in Slovenia, and in foreign representative offices at later dates.

As far as the Scandinavian markets are concerned, we will be visited by Pedro Engberg Andersen, the official representative for Denmark, Sweden, Germany, England, Spain, Finland and Iceland in the next week. The purpose of his visit is a presentation of our work methods, which we have successfully implemented in the past half of the year on the Slovenian market and a transfer of technical expertise, to ease the facilitation of plans for the Scandinavian countries.

We are also finishing the process of preparing the offer for the Russian and Estonian markets, the result of a 3 day trip in the previous week, when Xaurum Creator and Masternode met with key persons representing the area. At the same time, we would like to say that the Croats have managed to make the entire infrastructure compliant with their law and will start operating in August 1.

We would also like to thank the Bulgarian team, who visited us last week at the Xaurum picnic in Slovenia, where they have not only seen the beauty of Slovenia, but also the potential and strength of Xaurum during the two days of joint socializing. We must not forget that, after three weeks' visit to Ljubljana, full of education and preparations, Mr. Daniel Prastalo - official representative for East Africa: Kenya, Tanzania, Uganda, Rwanda, Burundi, Madagascar, South Sudan, Ethiopia and DR Congo, traveled back to Nairobi where he would like to prepare the legal foundations for the development of the project in the area.

In view of the above, you can see that Xaurum project will begin to spread throughout the world after a long period of preparation, and resolution of obstacles preventing it.

As you can see, with the expansion of team working on the project, from now on, public contact will be improved through all communication channels. Mr. Filip Pesek - Social media manager and Mr. Jakob Kapus - Brand manager, will be in charge of communicating with the public. There are also plenty of promotional materials, and of course, the most important videos with which we can present the Xaurum project and all its add-ons in the most comprehensible way to the wider crowd.

As far as Xaurum Gamma is concerned, we received the last two building permits last week. However, since certain things have not been completed as scheduled, such as the layout of live streaming cameras and the monitoring of the construction of objects, we have postponed the ICO on Monday, 31st July. The beginning of the ICO will of course be posted through all our communication channels. We are very sorry about the delay, but if you want to connect the crypto world with the REAL economy, things last longer than expected. Nevertheless, we already have the first private investors, which have enable us to start the building process of the first private crypto Xaurum smart street. We will keep you updated for any additional information.

Best regards,
Gasper Kenda, Jure Ristic, Domen Vidergar