Metatron Inc. (OTC Pink: MRNJ), a mobile and web technology pioneer having developed over 2,000 apps on iTunes and Google Play, is pleased to announce that the Company has signed final agreement paperwork with Geek Labs Limited to complete Metatron’s first acquisition of artificial intelligence technology.
The acquisition was successfully negotiated by the two parties over the course of this past week. The acquisition will be a non-dilutive cash purchase and comes with immediate revenue-generating potential for Metatron. Furthermore, this technology acquisition is a wholly owned asset within the quickly growing $450 billion AI industry and can immediately be added to Metatron’s corporate bottom line.
CEO Joe Riehl commented: “One week ago we formally announced the formation of Metatron’s Artificial Intelligence Division. Today we are announcing that we’ve inked a deal to complete our first AI tech acquisition. I want to send a crystal-clear message to our valued stakeholders that Metatron is entering a new chapter and taking fast steps to add impressive value for our investors. We already have our eye on a second acquisition and talks with the seller are at the midway point. Furthermore, our new AI division has begun planning projects with talented developers operating within the AI sector to build proprietary Metatron AI technology for use in specialty applications. Our new AI division also has begun performing due diligence on strategic AI patents that our team believes could be used in developing new technology and/or holding big tech companies accountable as more and more AI applications come into use.”
Metatron is currently adding a few necessary tweaks to the AI acquisition (branding, subscription agreements, pricing model) and expects that users will have full access to the AI interface via a unique branded website within 2-3 weeks. Metatron believes that it can leverage the revenue-generating power of this new AI acquisition through its network of contacts that it has collected over years of business.
CEO Joe Riehl concluded: “It’s a new day for Metatron and I’m thrilled to be able to make this exciting announcement. I encourage investors to stick with us and watch the next chapter of our story unfold in one of the hottest industry sectors ever.”
The Company continues to work in good faith with debt holders to consolidate, restructure and improve the Company’s debt obligations. More updates on this front are coming soon. Please visit our corporate Twitter account often.
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