Safe and Green Development Corporation Unveils Letter of Intent for Integration of Real Estate AI Software
21 11월 2023 - 11:30PM
Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or
the “Company”), a leading real estate development company, has
recently signed a non-binding Letter of Intent (LOI) with Majestic
World Holdings (“MWH”) a real estate technology firm relating to a
proposed strategic partnership between SG Devco and MWH, wherein SG
Devco will invest in MWH in exchange for access to MWH’s software
platform Xene.
David Villarreal, President & CEO of SG
DevCo, stated, “This LOI is a testament to our shared vision and
commitment as it symbolizes symbolizes a strategic partnership
aimed at leveraging the innovative software technology and
resources of both MWH and SG Devco. The main objective in seeking
to forge this strategic partnership is to create shared value by
capitalizing on the unique strengths and capabilities of each
party. We believe that once established, the seal of this strategic
alliance will signify a crucial turning point for both
organizations. We further believe this strategic partnership will
pave the way for an explosive era of growth, innovation, and the
expansion of opportunities within each of our companies, our
stakeholders, and all who engage with our businesses.”
The XENE Platform, powered by advanced AI
technology, has the goal of creating a decentralized real estate
marketplace, creating an all-in-one solution that brings banks,
institutions, home builders, clients, agents, vendors, gig workers,
and insurers into a seamlessly integrated and structured AI-driven
environment. This development expects to significantly save time
and resources for all parties involved. The platform streamlines
property transactions, offering a cost-effective alternative to
traditional buyers' agent models. Agents joining the platform can
enjoy numerous benefits, including retaining their license,
branding, and signs while benefiting from Xene's Arizona referral
fee agreement and a simplified monthly membership structure.
Additional details about the proposed project
will be communicated when the Company achieves relevant
milestones.
About Safe and Green Development
Corporation
Safe and Green Development Corporation is a
leading real estate development company. Formed in 2021, it focuses
on the development of sites using purpose-built, prefabricated
modules built from both wood and steel, sourced from one of SG
Holdings’ factories operated by SG Holdings’ SG Echo subsidiary.
More information about SG DevCo can be found at
www.sgdevco.com.
Safe Harbor Statement
Certain statements in this press release
constitute "forward-looking statements" within the meaning of the
federal securities laws. Words such as "may," "might," "will,"
"should," "believe," "expect," "anticipate," "estimate,"
"continue," "predict," "forecast," "project," "plan," "intend" or
similar expressions, or statements regarding intent, belief, or
current expectations, are forward-looking statements. These
forward-looking statements are based upon current estimates and
assumptions and include statements regarding SG DevCo entering into
a strategic partnership with Majestic World Holdings, creating
shared value by capitalizing on the unique strengths and
capabilities of each party, the seal of this strategic alliance
signifying a crucial turning point for both organizations, the
strategic partnership paving the way for an explosive era of
growth, innovation, and the expansion of opportunities within each
company, their stakeholders, and all who engage with their
businesses, creating a decentralized real estate marketplace,
creating an all-in-one solution that brings banks, institutions,
home builders, clients, agents, vendors, gig workers, and insurers
into a seamlessly integrated and structured AI-driven environment,
significantly saving time and resources for all parties
involved,and communicating additional details about the proposed
project when the Company achieves relevant milestones. While the
Company believes these forward-looking statements are reasonable,
undue reliance should not be placed on any such forward-looking
statements, which are based on information available to us on the
date of this release. These forward-looking statements are subject
to various risks and uncertainties, many of which are difficult to
predict that could cause actual results to differ materially from
current expectations and assumptions from those set forth or
implied by any forward-looking statements. Important factors that
could cause actual results to differ materially from current
expectations include but are not limited to the Company’s ability
to enter into a strategic partnership with Majestic World Holdings
as planned, the Company’s ability to achieve the expected benefits
of the proposed strategic partnership with Majestic World Holdings,
and other factors discussed in the Company’s Annual Report on Form
10-K for the year ended December 31, 2023, and its subsequent
filings with the SEC, including subsequent periodic reports on
Forms 10-Q and 8-K.
The information in this release is provided only
as of the date of this release, and we undertake no obligation to
update any forward-looking statements contained in this release on
account of new information, future events, or otherwise, except as
required by law.
For investor relations and media
inquiries, please contact:Barwicki Investor
RelationsAndrew@Barwicki.com516-662-9461
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