(NEW YORK)—AI VentureTech, Inc., a New York based AI research and venture firm, announces letter to shareholder dated January 06, 2019.
We are providing this letter to shareholders to provide you with an update on our plans to develop AI VentureTech, Inc. into a data science and investment firm located in New York City.
There is no doubt that market conditions at the end of 2018 ended on a very poor note, but as highlighted in a recent article we released we feel any potential economic slowdown could actually bode well for the AI and Automation sector as companies seek to automate and improve cost efficiencies through new technologies. Investment interest in AI and Robotics still remains strong, and is only projected to continue to climb into 2020, regardless of market conditions.
AI and Robotics continue to be one of the most exciting sectors among investors, with the outlook for 2020 and beyond showing even stronger interest as like 1997 was for the Internet this is only just beginning.
AMAZON AND GOOGLE IN NYC
Amazon and Google recently announced plans to open operations in New York, which could set off an explosion of new AI and Robotic tech start-ups in the city, and we want to be a player on that scene. With that said, we find it critical that we establish up our office in Manhattan, and begin placing skilled data science and PhD members on our team as we work towards potential deals that may emerge from these two tech giants establishing operations here in NYC.
In late 2018, the Company signed a Memorandum of Understanding (MOU) with Hammer Fiber Optics (OTCQB:HMMR) to explore development of new AI and Internet of Things (IoT) applications. This partnership opens the door for our company to enter the world of 5G, and such projects as driverless vehicles, drones, Smart Cities, and high-end data applications.
Also in late 2018, the Company signed a Memorandum of Understand (MOU), and Joint Partnership with AppSwarm (OTC:SWRM) to launch our new mobile carrier service called Deep Sky Mobile. The carrier will offer an ‘unlimited’ Phone, Text, Data under the Sprint network, and will be the starting point for our future goal of building an AI and Communications Platform as a Service (CPaaS) under the Deep Sky Mobile and Deep Sky One brand name.
Below are a few projects the company is currently focused on raising capital for. We will be collaborating with some of the top Universities here in New York City to assist in building out its data science engineering firms staff, and research capabilities.
- Realm Robotics to Develop Robotic and Automation Technologies for Corporations
- Deep MedTech to Develop AI Technologies for Healthcare and Biotech Sector
- Develop Online Educational Course and Class to Retrain Data Science Workforce
- Cloud-Based AI Applications for Both Consumer and Enterprise Use
PLANS FOR Q1 2019
With 2019 now in place the company anticipates running out of the gate from this point forward, and will start providing monthly updates on our progress as shareholder communication will be important to our success.
The Company continues to move forward with its initial seed round of funding, which is close to completion. Upon closure of this initial seed round the company anticipates raising an operational Series A round with private equity and venture capital firms here in Manhattan, which will then trigger our filing with SEC for public listing.
During Q1 2019 we expect opening our new offices in Manhattan near Columbia University, and begin staffing Data Science and PhD interns to begin developing a road map on our AI and Robotic projects.
During Q1 2019 we expect to launch our mobile carrier service with Deep Sky Mobile, which will include an online market plan to begin building targeted subscribers to our mobile carrier service.
During Q1 2019 we will begin development of Deep MedTech, our division focused on utilizing AI in the areas of Healthcare, gene therapy, and drug development. We expect to announce potential advisers to board with solid healthcare and medical research backgrounds to help us develop our healthcare division.
During Q1/Q2 2019 we will be expanding our Board of Advisers and Board of Directors by adding on skilled Data Scientists and financial professionals to our Boards to help guide AI VentureTech to the next level.
On the corporate side we have begun putting the pieces together to prepare the company for potential public listing later in 2019.
Transfer Agent: As of December 2018, we are proud to announce we have retained vStock Transfer as our Transfer Agent of record. vStock Transfer will assist our company in issuing and managing shareholder stock certificates as we embark on raising funds towards final public listing.
Legal: The Company is in process of retaining Sheppard Mullins, which is one of the top securities law firms here in Manhattan. Sheppard Mullins represents some of the top named companies and financial institutions here in Manhattan, and will be an integral asset in providing introductions with larger financial institutions, private equity firms, and potential underwriters.
Audits: The Company will begin financial audits on the company in Q1, and begin filing its 10Q’s and 10K to become fully reporting under SEC rules. The Company is in process of retaining a PCAOB accounting firm and expects to make announcement on that matter shortly.
In closing, we feel we have a solid plan to develop AI VentureTech into a leading AI research and investment firm here in New York City. Our contacts with Wall Street, and major Universities in the Tr-state area, could quickly establish our company as a player and set us up for potential collaboration with tech start-ups emerging from Amazon and Google operations. We want to thank our shareholders for their confidence, and we will always work on providing consistent updates to our shareholders for with whom none of this could happen.
Founder and CEO
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About AI VentureTech, Inc.
Located in New York City, AI VentureTech, Inc. is an early stage data science research firm focused on utilizing artificial intelligence in the areas of biomedical research, robotics, and 5G cloud development. Our team of data scientists and engineers can customize AI-powered software and technical solutions for both companies and institutions looking to leverage data and machine learning algorithms for greater business value. The Company seeks growth through both collaboration and acquisition of dynamic new start-ups in the areas of business analytics, machine learning, natural language processing (NLP), visualization tools, predictive modeling, and cloud advanced analysis. www.aiventuretech.com
Founder & CEO
Phone: (347) 483-0121
This document contains certain statements that may be deemed “forward-looking” statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.