Stock Trend Capital Inc. Makes Strategic Investment into Syntheia Advancing the Development of its Proprietary Conversational AI SaaS Platform
December 20th, 2023 – Toronto, Ontario – Syntheia Corp. (the “Company” or “Syntheia”) is pleased to announce that Stock Trend Capital Inc. (CSE: PUMP) (FRA:WCF) (Pink Sheets: STOCF) (“Stock Trend”), an investment issuer primarily focused on the Artificial Intelligence (AI) and Canadian cannabis industries, has made a strategic investment into Syntheia to advance the development of its proprietary conversational artificial intelligence technology.
Under the terms of this investment, Stock Trend has purchased 1,200,000 units of Syntheia for an aggregate purchase price of $300,000. Each unit is comprised of one common share in the capital of Syntheia and one common share purchase warrant exercisable for a term of two years at a price of $0.35 per common share.
“We are delighted to be partnering with Stock Trend” commented Paul Di Benedetto, Chief Executive Officer of Syntheia. “Our team has developed some incredible technology and has been able to demonstrate its commercial use with key beta customers to launch. This is a very exciting time for the Company as it starts to move its tech out of the lab and into customers. Stock Trend’s investment validates the hard work our team has invested in developing a truly unique conversational AI SaaS platform.”
“We are very impressed with the platform the Syntheia team has built and more importantly the customer traction they have been able to demonstrate to us. The entire platform is quite impressive”, commented Anthony Durkacz, CEO of Stock Trend Capital. “Syntheia’s management team has a proven track record in executing, and we are excited to be part of their journey as they commence rolling out the platform globally.”
Syntheia’s conversational AI platform operates as a SaaS model (software as a service) focusing on various market segments including enterprise and small and medium business customers globally.
About Stock Trend
Stock Trend Capital Inc. is an investment issuer primarily focused on the Artificial Intelligence (AI) and Canadian cannabis industries. Stock Trend intends to focus on investing in private and public entities with strong intellectual property, exceptional management and high growth potential that may be strategically positioned in the market.
About Syntheia
Founded in 2021, Syntheia is a Canadian-based AI (Artificial Intelligence) technology company operating, developing, and commercializing conversational AI technology. Syntheia is pioneering the development of conversational Artificial Intelligence – NLP (natural language processing). Syntheia’s advanced Neural Network platform simulates the human brain’s learning process which allows for continuous learning. The platform is offered as a SaaS (software as a service model) focusing on various market segments for enterprises, and small and medium-sized business customers globally.
For further information, please visit:
Website: www.syntheia.ai
Instagram: @syntheia.ai
X / Twitter: @SyntheiaAI
LinkedIn: https://www.linkedin.com/company/syntheia-ai/
For further information, please contact:
Tony Di Benedetto
Executive Chairman
(416) 791-9399
tony@syntheia.ai
Paul Di Benedetto
CEO
(416) 548-7452
paul@syntheia.ai
Media Inquiries
(416) 548-7452
media@syntheia.ai
Forward-looking Statements:
This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements“) within the meaning of applicable securities laws. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “will”, “estimates”, “believes”, “intends”, “expects” and similar expressions, which are intended to identify forward-looking statements. More particularly and without limitation, this press release contains forward-looking statements concerning Stock Trend’s investment in the Company, the use of proceeds from such investment, the Company’s products and services, and the Company’s plans and expectations.
These forward-looking statements are based on certain assumptions that the Company has made in respect thereof as at the date of this press release. Although the Company believes the expectations and material factors and assumptions reflected in these forward-looking statements are reasonable as of the date hereof, there can be no assurance that these expectations, factors and assumptions will prove to be correct. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties including, but not limited to the Company’s ability to proceed with its business plans, technological advancements, the Company’s ability to retain key personnel, increased competition and pricing, changes in applicable laws and regulations and costs associated therewith, changes in the financial markets, the ability to access various sources of debt and equity capital on favourable terms actions by governmental or regulatory authorities and costs associated therewith; and technology and cyber security risks. Accordingly, readers should not place undue reliance on the forward-looking statements contained in this press release.
This list of risk factors should not be construed as exhaustive. Readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. The forward-looking statements contained in this document speak only as of the date of this document. The Company does not undertake any obligation to publicly update or revise any forward-looking statements or information contained herein, except as required by applicable laws. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
©SYNTHEIA 2023
