Safe and Green Development Corporation Acquires XENE Real Estate AI Software - Seite 2

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 Safe & Green Holdings Corp.’s factories operated by Safe & Green Holdings’ SG Echo subsidiary. More information about SG DevCo can be found at www.sgdevco.com.

Safe Harbor Statement
Statements in this press release that are not strictly historical in nature are forward-looking statements. These statements are only predictions based on current information and expectations and include statements regarding the combined capabilities of the two companies being expected to provide long-term value creation well in excess of what either company was capable of doing on a standalone basis, the acquisition adding a new source of potential revenue, , the transaction immediately and in the long-term driving significant value to the Company’s shareholders, launching the XENE platform nationally, developing new products that can improve all facets of the financial real estate industry, the XENE Platform 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 being expected to significantly save time and resources for all parties involved, the XENE Platform streamlining property transactions and offering a cost-effective alternative to traditional buyers' agent models, and the launch of the XENE during the first quarter of 2024. Actual events or results may differ materially from those projected in any of such statements due to various factors, including the Company’s ability to roll out the Xene platform as planned, the ability of the XENE Platform to transform the real estate landscape, the ability of the XENE Platform to bring together a diverse array of participants including brings banks, institutions, home builders, clients, agents, vendors, gig workers, and insurers into a seamlessly integrated and structured AI-driven environment, the ability of the XENE Platform to significantly save time and resources for all parties involved, the ability of the XENE Platform to streamline property transactions, the ability of the XENE Platform to provide a cost-effective alternative to traditional buyers' agent models and other factors discussed in the Company’s Form 10 registration statement and its subsequent filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement and Safe and Green Development Corporation undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof.