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| Press Release

Aluf Holdings, Inc. Strengthens Management Team with the Hiring of Glenn W. Milligan as New President & CEO

HOLLYWOOD, FL / ACCESSWIRE / January 3, 2018 / ALUF HOLDINGS, INC. ( (OTC PINK: AHIX), a holding company engaged in mergers and acquisitions in the development and sale of proprietary software, announced today the engagement of Glenn W. Milligan as the company's President and Chief Executive Officer (CEO).

Donald C. Bennett, Chairman of the Board of Directors of Aluf Holdings, stated, "Mr. Milligan's career experience as a highly regarded visionary, CEO, entrepreneur, and fundraiser is an ideal match for our aggressive business plan to become a major player in the biometrics and technology sector. His track record of identifying and assembling diverse teams to implement complex strategies has enabled him to build companies to valuations approaching $1 billion. During his decades of C-level experience, Mr. Milligan has interfaced with some of the largest global financial institutions, venture capital firms, mutual funds, and private investors to underwrite his projects. His 'hands on,' 'do whatever it takes to succeed' mindset represents the type of leadership we have been seeking."

Teresa McWilliams, Aluf Holdings' Chief Financial Officer (CFO) and Interim CEO, added, "I am excited about working with Glenn to secure current acquisition targets, integrate operations, grow revenues, and expand our access to capital to fuel future growth within our targeted niches. This is an exciting time for management, staff, and investors!"

About Aluf Holdings:

Aluf Holdings, Inc. (AHIX) is a holding company headquartered in Hollywood, FL, engaged in acquiring, operating, and managing subsidiary companies in the development and sale of proprietary software. Its strategy is to build a larger and more diverse enterprise software company through strategic acquisitions and managed growth within its business sectors as it acquires profitable businesses with strong growth potential and a solid business plan in the software and technology industries. For information, visit

Safe Harbor Statement:

This release may contain "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended, and of Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief, or current expectations of Aluf Holdings, Inc. and members of its management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully in its market segment, and the ability to complete some or all of the before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results.

Corporate Contact:

Aluf Holdings, Inc.
Teresa McWilliams, CFO

SOURCE: Aluf Holdings, Inc.