Safe and Green Development Corporation to Acquire MyVonia, a Cutting-Edge AI Asset

• Technology will provide users with a virtual AI assistant via text
• MyVonia currently available for a limited time on a trial

MIAMI, Fla, May 07, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”) is pleased to announce that it has entered into an agreement to acquire MyVONIA, an advanced artificial intelligence (AI) assistant, subject to certain closing conditions. Closing is expected during the second quarter of 2024. MyVONIA utilizes machine learning and natural language processing algorithms to provide users with human-like conversational interactions, tailored to their specific needs. MyVONIA does not require an app, or website but is accessible to subscribers via text messaging.

David Villarreal, CEO of Safe and Green Development Corporation, expressed his excitement about the pending acquisition, stating, “We are thrilled to be acquiring MyVONIA and plan to integrate this advanced AI assistant into our operations. MyVONIA’s cutting-edge technology is expected to not only provide valuable recurring revenue but to also enhance the user experience and streamline our processes. We expect that MyVONIA will eventually seamlessly integrate into our Xene AI Real Estate Platform allowing us to remain confident in our ability to stay at the forefront of innovation and offer unparalleled services to our clients.”

This strategic acquisition aligns with SG Devco’s mission to drive safe and sustainable development through innovative technologies. The integration of MyVONIA into the Xene AI Platform real estate platform is expected to offer immense potential for realtors. By leveraging MyVONIA’s advanced capabilities, realtors can receive personalized assistance, tailored market insights, and data-driven recommendations. This technology will empower realtors to optimize their decision-making, increase efficiency, and ultimately provide a superior experience to their clients.

MyVONIA is currently available for a limited time on a trial basis to individuals who sign up through the following link: MyVONIA Power-On. This opportunity will allow a limited number of individuals to experience MyVONIA firsthand and become early adopters of this groundbreaking technology.

Under the terms of the agreement, the purchase price will consist of up to 500,000 shares of SGD restricted common stock, 200,000 shares will be issued at closing and up to 300,000 shares will be earned and issued if certain milestones are achieved.