FRONTERA TO ACQUIRE ASSETS IN TEXAS G & S INVESTMENTS, INC. D/B/A TEXAS MONEY EXCHANGE, AN UPCOMING FINTECH IN THE TEXAS RIO GRANDE VALLEY BORDERLAND METROPOLIS

DALLAS, TEXAS, Jan. 19, 2023 (GLOBE NEWSWIRE) — Frontera Group, Inc. (OTC Pink: FRTG) (“Frontera” or the “Company”), a technology-focused strategic acquirer of revenue-generating companies and intellectual property (IP), announced today that it has signed a term sheet to purchase 24.9% of the total issued and outstanding shares of McAllen, Texas-based Texas G & S Investments, Inc. d/b/a Texas Money Exchange ( TME)(www. texasgsinv.com) from a joint venture controlled by members of the Solis family of McAllen, Texas. The term sheet also provides an option for Frontera to take over the remaining 75.1% of TME over time.

TME is a Texas Department of Banking licensed and bonded non-depository financial institution engaged in money services business (MSB). TME is believed to be the largest foreign exchange and international payment specialist in the Texas Rio Grande Valley (RGV). In business for over 27 years, TME is an emerging Fintech and critical cog in the supply chain between the US and Mexico. On behalf of its clients, TME operates USD-MXN (Dollar/Pesos) exchange rates, USD-MXN business payments, payment of suppliers in Mexico, recipient of payments from Mexico and makes authorized shipping voucher payments. TME customers include importers and exporters of a wide range of products such as machinery, equipment, Tupperware, pickles, avocados, watermelon, lemons, limes, mangoes and other products Americans use and consume on a daily basis.

According to the Rice University Kinder Institute For Urban Research, the binational population gathered along the RGV includes an estimated 2.67 million people (1.29 million in the United States and 1.38 million in Mexico), surpassing the binational metropolitan area of ​​El Paso-Juarez in total population . This makes the RGV the second largest border urban area with Mexico (only San Diego-Tijuana is larger).

The population of the RGV is projected to double by the year 2045 (from 1.3 million to 2.4 million on the US side), driven by significant employment growth. The area’s 2-hour proximity to Monterrey, Mexico (Mexico’s second largest metro area and the nation’s commercial capital) has also been a significant boon to economic growth in South Texas. For in-state audiences, RGV’s 2.67 million binational population puts it above both the San Antonio and Austin metropolitan areas, which have 2.59 million and 2.28 million people, respectively.

Although financial terms have not yet been disclosed, the first phase of the acquisition for 24.9% of TME is scheduled to close during the first quarter of 2023, subject to traditional closing due diligence and terms and conditions.

About Frontera
Frontera Group is a strategic buyer of intangible and revenue-generating companies in the technology and human capital markets. It develops and executes an aggressive, four-tiered acquisition and implementation strategy intended to deliver significant increases in the profitability of its acquisitions in industries with traditionally low and stagnant EBITDA multiples. The company has identified and is currently pursuing several revenue-generating acquisition targets. For further information, please visit Frontera’s website at www.frtgtech.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
The statements in this press release that are not historical facts may be “forward-looking statements” that involve risks and uncertainties that could cause actual results to differ materially from those currently anticipated. For example, statements that describe FRTG’s hopes, plans, goals, objectives, intentions or expectations are forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release. Numerous factors, many of which are beyond FRTG’s control, will affect actual results. FRTG undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This press release should be read in conjunction with FRTG’s most recent financial reports and other filings made to OTC Markets and/or the US Securities and Exchange Commission by FRTG.

Frontera Group Contact
K. Bryce Toussaint, Chairman
[email protected]

Investor Relations Contact
Lindsey Harasta
[email protected]