VICTORIA, BC / ACCESSWIRE / August 23, 2024 / AI/ML Innovations Inc. (“AIML” or the “Company”) (CSE: AIML) (OTCQB: AIMLF) (FWB: 42FB), a leading company dedicated to acquiring and advancing artificial intelligence/machine learning technologies to address urgent societal needs, is pleased to announce that it has completed its previously announced acquisition of technology from Naiad Lab Inc. The Company issued an aggregate of 6,700,000 shares to Naiad Lab Inc. at a deemed price of $0.05 per share.
Pursuant to the agreement, the common shares issued are subject to a voluntary hold period of 12 months.
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About AI/ML Innovations Inc. https://aiml-innovations.com/
AI/ML Innovations Inc. has realigned its business operations to capitalize on the fast-growing Artificial Intelligence (AI) and Machine Learning (ML) space. Initial investments are focused on emerging digital health and wellbeing companies leveraging AI, ML, cloud computing and digital platforms to drive transformational solutions in health management and the delivery of precision support across health. Through strategic partnerships with Health Gauge Inc. (95.2% owned by AIML), Tech2Heal (ownership up to 22%, currently 12.44% owned by AIML), AI Rx Inc. (70% owned by AIML), NeuralCloud Solutions Inc. (100% owned by AIML) and other planned incremental investments, the company will continue to expand into growth areas to benefit all stakeholders. AI/ML's shares trade on the Canadian Securities Exchange under the symbol “AIML”, on the OTCQB Venture Market under the symbol “AIMLF” and on the Frankfurt Stock Exchange under the symbol “42FB”.
On behalf of the Board of Directors
Tim Daniels, Executive Chairman
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For more information, please see AI/ML's website or the company's filings at www.sedarplus.ca.
For more information, contact Blake Fallis at (778) 405-0882 or (email protected).
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For AI/ML Innovation Investors
Certain statements in this press release that are not based on historical information are forward-looking statements that involve substantial known and unknown risks and uncertainties. This press release contains express or implied forward-looking statements, including those regarding the plans, objectives and strategies of AI/ML Innovations' management team and its strategy to protect the Company's intellectual property. These statements are neither promises nor guarantees, but are subject to various risks and uncertainties, many of which are beyond our control, that could cause actual results to differ materially from those contemplated in these forward-looking statements. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. AI/ML Innovations Inc. undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise, except as expressly required by applicable securities laws. Further information regarding uncertainties and risks is included in the disclosure documents filed by AI/ML with securities regulatory authorities, available at www.sedarplus.ca.
Source: AI/ML Innovations, Inc.
