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 announce it has made a strategic investment (“Investment”) into MetaWorld Corporation (“Syntheia”), developing a strategic relationship between the two companies for mutual growth and collaboration.
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.
The Investment into Syntheia constitutes a “related party transaction” under Multilateral Instrument 61-101 (MI 61-101). Richard Buzbuzian, a distinguished member of the board at Stock Trend, also serves on the board of Syntheia. While non-arm’s length transactions involve related parties, it is essential to emphasize that the decision-making process has been conducted transparently and with utmost diligence to ensure the best interest of both companies and their stakeholders.
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.
Stock Trend Capital Inc. is an investment issuer primarily focused on the Artificial Intelligence (AI) and Canadian cannabis industries. The Company 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.
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.
Stock Trend Capital is a publicly traded investment firm that caters to a wide range of investors with a team of experienced professionals and a deep understanding of emerging trends.
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Stock Trend Capital is a publicly traded investment issuer that capitalizes on emerging trends. Our mission is to provide exceptional returns by identifying and investing in high-growth opportunities.