GiveMePower Corporation - Company Summary

Overview

• Core Mission: Empower black persons in the United States through financial tools and resources.
• Primary Focus Areas:
  • Creating and empowering local black businesses in urban America.
  • Developing real estate properties and businesses in opportunity zones and distressed neighborhoods across the U.S.
• Operational Shift: Since January 2022, halted real estate purchases due to forecasted series of interest rate hikes impacting property values.

Business Activities

1. Financial Technology (FinTech) Operations:

   • Developing a digital banking ecosystem with the goal of:
     • Establishing one-to-four federal licensed bank branches in each jurisdiction.
     • Building a machine learning (ML) and artificial intelligence (AI) enabled loan and insurance underwriting platform.
     • Creating a blockchain-based transaction processing and payment system.
     • Launching a cryptocurrency transaction platform.
     • Developing an emerging cryptocurrency opportunities portfolio.
   • Focused on providing financial access to the unbanked and underserved, particularly in black communities.
   • Plans include private equity investments, business lending, and venture capital tailored to young black entrepreneurs and their business plans using blockchain delivery platforms.

2. Real Estate Division:

   • Invests in Opportunity Zones, Affordable Housing, hemp and cannabis farms, dispensary facilities, CBD commercial facilities, industrial, and commercial properties.
   • Ceased real estate acquisitions since January 2022 due to economic forecasts.

3. Funding and Capital Strategy:

   • Currently raising capital to:
     • Acquire and manage small community banks.
     • Launch ML-AI-enabled lending platforms.
     • Build blockchain-based payment and transaction systems.
   • Uses proprietary models to capitalize on market anomalies with investments in equities, bonds, options, futures, forex, warrants, etc.

4. Digital Currency and FinTech Developments:

   • BlackBank: Proposed federally licensed bank with 1-4 branches aimed at underserved black communities.
   • ML-AI Lending Platform: Cloud-based platform to offer automated, efficient digital lending and insurance underwriting.
   • Blackchain: Blockchain-based digital currency payment and transaction processing system, including the BEN (Blackchain Exchange Network), intended to serve as a payment network with growth potential.
   • Emerging Cryptocurrency Portfolio: Flexible investment portfolio evaluating opportunities in the cryptocurrency industry.

Company Size & Financials (as of December 31, 2024)

• Number of Shares Outstanding: 43,792,804 shares.
• Shares held by Non-Affiliates: Approximately 21,820,016 shares.
• Market Capitalization (Approximate): $104,736 (based on closing price of $0.00482 as of December 30, 2024).
• Employees: 1 full-time executive (President, CEO, CFO) and 3 part-time unpaid staff involved in bookkeeping and administrative tasks.
• Revenue: Not specifically provided.
• Profitability: The company has a history of incurring losses; it has not been profitable and continues to seek additional funding for growth.

Summary

GiveMePower Corporation is transitioning toward a fintech-focused business model with strategic initiatives in digital banking, AI/ML-enabled lending, blockchain transaction systems, and cryptocurrency. Its real estate operations have been halted since early 2022. The company intends to develop a portfolio of digital financial infrastructure targeted at underserved black communities while planning to acquire small community banks and fintech platforms to execute its mission. The current market value and employee count are minimal, indicating a development-stage company with no profit record as of December 31, 2024.