Vancouver, British Columbia – September 27, 2023 – Stock Trend Capital Inc. (CSE: PUMP) (FRA: WCF) (Pink Sheets: STOCF) (the “Company” or “Stock Trend”) is pleased to provide an update on its investment in YOUNET (“YOUNET”), a privately held Canadian company developing an artificial intelligence (“AI”) platform called Rabbit AI.
On September 27, 2023, YOUNET reported that it had achieved its first significant beta launch milestone: 1,000 registered beta users for the Rabbit AI personal assistant platform. YOUNET’s complete press release is referenced below.
Toronto, Ontario – (September 27, 2023) – Younet is pleased to report that it has achieved its first significant beta launch milestone: 1,000 registered Beta users for the Rabbit AI personal assistant platform. In less than a week, Younet organically secured this volume of user registrations for the beta test, without spending any significant money in marketing efforts. Rabbit AI empowers individuals, regardless of their technical background, to craft a bespoke neural net model through its unique interface. This AI-driven assistant operates around the clock, responding to emails, text messages, and other text-based communication channels while emulating the user’s language, tone, and knowledge.
Younet’s management is excited by the adoption in Rabbit AI beta user numbers. They are actively gathering feedback to refine the platform, preparing it for upcoming commercial deployment. The project has experienced a diverse global distribution of current beta users ensuring the platform is exposed to various cultural and socioeconomic conditions, enhancing its potential for universal adoption without language or cultural constraints.
This project has secured financial support from Stock Trend Capital (CSE:PUMP, PINK:STOCF) an investment issuer focused on AI technologies.
For more information on Rabbit AI or to arrange a demonstration please contact Younet at [email protected]
On behalf of the Board of Directors of
STOCK TREND CAPITAL INC.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Anthony Durkacz CEO, Director
Telephone: (416) 720-4360 Email: [email protected]
This news release contains “forward-looking statements” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward- looking statements.
Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”,“will continue”, “will occur” or “will be achieved”. The forward-looking information and forward- looking statements contained herein include, but are not limited to, statements regarding: the Company’s future business plans, the anticipated timing and closing of the Acquisition, the parties entering into the Share Purchase Agreement, the Company receiving any and all required regulatory approvals, including CSE approval, the anticipated synergies and integration stemming from completing the Acquisition, the ability of the Company to finance the Acquisition; Rabbit AI’s future business plans and their ability to grow in the AI sector upon their anticipated timelines, Rabbit AI’s future growth potential, and the Company’s ability to become a leading software as an AI technology platform.
Forward-looking information in this news release are based on certain assumptions and expected future events, namely: the Company’s ability to continue as a going concern; the Company’s ability to continue to develop revenue-generating applications; continued approval of the Company’s activities by the relevant governmental and/or regulatory authorities; the continued growth of the Company; the Company fulfilling its future business plans, the Company entering
into the Share Purchase Agreement and completing the Acquisition upon the terms and in the timelines stated above, the Company achieving the anticipated synergies and integration stemming from completing the Acquisition, and Rabbit AI fulfilling their future business plans and growing their business in the AI sector upon the terms.
These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the Company’s inability to continue as a going concern; the Company’s inability to continue to develop revenue-generating applications; the Company not receiving approval from the relevant governmental and/or regulatory authorities; the inability of the Company to grow; the Company being unable to fulfill its future business plans, the Company not completing the Acquisition at all or upon different terms and timelines, the inability of the Company to finance the Acquisition, the inability for the Company to achieve anticipated synergies and integration stemming from completing the Acquisition, and the inability of Rabbit AI to fulfil their future business plan or grow their business in the AI sector upon the terms and in the timelines stated above.
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions, or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward- looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
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