Perth, Australia (ABN Newswire) - Raya Group Limited (ASX:RYG) (the "Company"), is pleased to announce the appointment of EAS Advisors, LLC ("EAS") as North American corporate advisors to the Company.

EAS is a New York based investment advisory firm founded in 2008, with a strong and successful track record in exposing ASX listed companies to US investors and industry partners.

Commenting on their appointment, EAS founder and principal Edward Sugar said: "With the upcoming proposed reverse takeover of Xped Corporation Pty Ltd ("XPED"), EAS is engaging with Raya at an exciting time. XPED is well positioned in the Internet of Things market to benefit from a combination of their existing developed technologies, IP protection and the ability to grow the business from the funds that the upcoming reverse takeover will bring. We look forward to assisting the Company with their growth in the months and years to come."

Raya Group's Executive Chairman Athan Lekkas commented:

"We have partnered with EAS to assist Raya in the facilitation of further investment as well as via the exposure to key industry partners to accelerate future growth opportunities within the US. EAS has a strong track record in assisting companies attract capital and with the development of expansion strategies in both Australia and US."

About EAS

EAS Advisors, LLC is a private, New York-based boutique investment advisory firm providing a unique service to small and mid-cap companies operating in selected industry sectors. The foundation of EAS's business is built on industry knowledge, capital markets insights and access to a deep pool of traditional and alternative sources of capital. In addition to exposure to US investors, EAS provides public and private companies with access to local industry contacts to enhance their growth and expansion. All securities in the United States are offered by EAS through Merriman Capital Inc., a member of FINRA/SIPC.



About Raya Group Ltd:

Raya Group (ASX:RYG) is a geothermal exploration and development company pursuing a range of projects in Australia and internationally. The Company is based in Melbourne in Victoria with projects in South Australia and Indonesia.

Raya's position in Indonesia is to seek a strategic partner to assist with funding and development of the Sokoria Geothermal Project. The Sokoria Geothermal project is a Joint Venture between Raya and its Indonesian partner PT Bakrie Power.

Recently the Company identified a new opportunity in the technology sector and entered an agreement to acquire 100% of Xped Holdings Limited.



Source:

Raya Group Ltd



Contact:

Company Secretary
T 03 9642 0655
E info@rayagroup.com.au