Safe and Green Development Corporation Announces Update on LOI for Acquisition of Xene Real Estate AI Software
Summary
The company will look to complete the acquisition by the end of the first quarter subject to final approval by the Board of Directors and execution of definitive documents. 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. The XENE Platform streamlines property transactions, offering a cost-effective alternative to traditional buyers agent models. The XENE Platform completed a successful BETA launch earlier in 2023 and MWH has already started generating revenues. These statements are only predictions based on current information and expectations and include statements regarding the proposed acquisition of MWH and the XENE Platform and the timing thereof; 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; the timing of the launch of the XENE Platform; and the expectation that the XENE Platform will save banks and financial institutions time and money on foreclosure listings by leveraging the technology, property preservation, eviction, listing and sales, title, home warranty and homeowners’ insurance all in one place.