Australis Capital Signs Letter of Intent to Acquire Paytron Merchant Services

Australis Capital Signs Letter of Intent to Acquire Paytron Merchant Services Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) (“AUSA” or the “Company”) is pleased to announce AUSA has entered into a non-binding letter of intent (the “LOI”) to acquire 100% of Paytron, LLC (“Paytron”), a privately held omnichannel payment services provider, which will continue its operations as a wholly-owned subsidiary as well as expand the existing service offering of the Cocoon Technology™ platform. Founded in 2015, Paytron offers merchant services, including credit and debit card processing, secure gateway processing, point of sale hardware, card terminals and business loans. Partnered with some of the largest companies in the payment processing industry, Paytron’s team brings significant experience in merchant services and independent sales organizations

Tech Stocks Bounce Back After Monday Sell-Off; Amazon, Netflix Can’t Keep Up

Tech stocks bounced back Tuesday after sharp losses Monday. A big intraday gain faded for the Nasdaq composite, but buyers lifted the index to a solid gain in afternoon trading. Nike (NKE) was a top performer in the Dow Jones today, while Take-Two Interactive (TTWO) and KLA (KLAC) raced ahead in the Nasdaq 100. Stock futures were sharply lower overnight after the U.S. officially labeled China a currency manipulator. But futures rallied powerfully and turned higher after China's central bank fixed its yuan exchange rate higher than expected. Stocks fell sharply Monday after China let the yuan fall to 7 per U.S. dollar for the first time since 2008. The Nasdaq composite was up 1.5% in afternoon trading. The Dow Jones Industrial Average and