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Last Post: 5/13/2021 11:49:32 PM - Followers: 571 - Board type: Free - Posts Today: 0

$AITX DEBT RESTRUCTED - FORTUNE 500 CLIENT ORDERS



https://twitter.com/SteveReinharz/status/1339378810869796865?s=20
https://twitter.com/SteveReinharz/status/1341038999243087874?s=20
https://twitter.com/SteveReinharz/status/1339238717832171520?s=20
https://twitter.com/SteveReinharz/status/1338941113395113984?s=20
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NEWS
Robotic Assistance Devices Announces Dealer Agreement with Civitas Group
HENDERSON, Nev.--(BUSINESS WIRE)-- Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) today announced that its wholly owned subsidiary Robotic Assistance Devices (RAD) has entered into an agreement with Civitas PSG, one of the largest security companies in Romania. Through this agreement, Civitas broadens its offering to include RAD’s autonomous remote security solutions.





“We are excited to provide RAD’s innovative security solutions to our clients,” said Rene Pasculescu, CEO at Civitas Group. “Our current security clients, as well as those looking to elevate their security situation, can now deploy any one of these remarkable and cost-saving RAD devices.”

“The European market has been on our expansion roadmap and we’re thrilled to partner with the leaders and innovators at Civitas,” said Steve Reinharz, President and CEO of RAD. “Over time Europe should be an important contributor to RAD’s financial success.”

Specifics of the agreement were not disclosed, but the company confirmed that the agreement covers all RAD security devices, mobile and stationary, including the recently announced ROAMEO mobile robot and Wally HSO, actively being deployed for health screening, health monitoring and face covering detections operations.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of Artificial Intelligence Technology Solutions to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks. Artificial Intelligence Technology Solutions undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in Artificial Intelligence Technology Solutions expectations.

About Artificial Intelligence Technology Solutions (AITX)
AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD and RAD-M companies help organizations streamline operations, increase ROI and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services, and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staffs and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education and healthcare. To learn more, visit www.roboticassistancedevices.com or follow us on Twitter @RADbotsecurity.

https://cts.businesswire.com/ct/CT?id=bwnews&sty=20201217005222r1&sid=acqr8&distro=nx&lang=en
View source version on businesswire.com: https://www.businesswire.com/news/home/20201217005222/en/

Investor Relations Contact
The Waypoint Refinery, LLC
(845) 397-2956
www.thewaypointrefinery.com

Steve Reinharz
949-636-7060

Source: Artificial Intelligence Technology Solutions, Inc.

            © Copyright Business Wire 2020

Artificial Intelligence Technology Solutions Restructures Convertible Debt
HENDERSON, Nev.--(BUSINESS WIRE)-- Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) is thrilled to announce that it has restructured the vast majority of its debt, which has saved the company a tremendous amount of dilution. Specifically, AITX has restructured over 85% of its convertible debentures into non-convertible notes and warrants.

The remaining note holders have not made any conversions in over two years and the company does not anticipate any further conversions prior to restructuring the remaining balance of the debentures.

This announcement is the result of the extraordinary efforts and commitment by the entire RAD team in creating and building a company that we believe will be the breakthrough leader in an emerging multi-billion dollar industry, said Steve Reinharz, President and CEO of RAD and controlling shareholder of AITX. ”I thank all of our clients, investors, supporters and fans for their incredible support throughout this journey. Moving forward, you will see additional announcements regarding additional restructuring and additional financing. We are now in a much stronger position to fulfill our mission.”

RAD’s growth over the past several months has been remarkable, and we believe that this is merely the beginning of a steep growth curve,” said Mark Folmer, RAD’s VP Security & Industry. “We look forward to delivering years of consistently improving results.”

The Company through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is looking to redefine $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide a cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers this tremendous costs savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house.

The company has restructured a total of $7,141,110 of convertible debt into $7,141,110 of non-convertible promissory notes with a 36-month maturity and 12% annual compounded interest and 780M warrants with a 36-month maturity and $0.002 exercise price. The exercise price was calculated by taking the average closing price of the last ten trading days ended December 10 and adding an approximately 25% premium. Moving forward the company will seek debt and low dilutive types of financing as it continues to grow and reach it’s objectives.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of Artificial Intelligence Technology Solutions to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks. Artificial Intelligence Technology Solutions undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in Artificial Intelligence Technology Solutions expectations.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD and RAD-M companies help organizations streamline operations, increase ROI and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services, and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staffs and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education and healthcare. To learn more, visit www.roboticassistancedevices.com or follow us on Twitter @RADbotsecurity.

https://cts.businesswire.com/ct/CT?id=bwnews&sty=20201215005671r1&sid=acqr8&distro=nx&lang=en
View source version on businesswire.com: https://www.businesswire.com/news/home/20201215005671/en/

Investor Relations Contact
The Waypoint Refinery, LLC
(845) 397-2956
www.thewaypointrefinery.com

Steve Reinharz
949-636-7060

Source: Artificial Intelligence Technology Solutions, Inc.

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Robotic Assistance Devices Large Opportunity on the Immediate Horizon
HENDERSON, Nev.--(BUSINESS WIRE)-- Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that a major dealer of AITX’s wholly owned subsidiary Robotic Assistance Devices (RAD) has received a greatly anticipated order for a 5-unit RAD solution. This integrated autonomous remote security and access solution will be deployed to a Fortune 500 end-user client with over 10 distribution centers and over 7,500 retail locations in the U.S. and Puerto Rico.

This order holds particular significance as it is an endorsement of RAD’s vision of a fully integrated facility using its autonomous security solutions,” said Steve Reinharz, President and CEO of RAD. “The order of five units spans three different RAD devices acting as a complete system and saving the facility hundreds of thousands of dollars versus legacy human-based solutions. If you’ve ever heard us talk about RADTown, well, this is what RADTown Logistics looks like.”

Details of the agreement were not disclosed, but the company confirmed that it was told that contracts would be received by the end of this year. Implementation will be Q1 2021. Reinharz added, “This opportunity has been in play nearly a year and a half and went through exhaustive legal and other agency review. We’re delighted that the PO is expected to be in RAD’s hands by year end.”

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AITX News: Current Report Filing (8-k) 04/20/2021 04:21:57 PM
AITX News: Current Report Filing (8-k) 04/15/2021 05:27:39 PM
AITX News: Artificial Intelligence Technology Solutions' subsidiary RAD signs agreement with EAGL Technology 03/24/2021 12:44:28 PM
AITX News: Robotic Assistance Devices signs 10 year lease on Royal Oak Township facility 03/18/2021 09:26:11 AM
AITX News: Current Report Filing (8-k) 03/02/2021 02:22:54 PM
PostSubject
#53088  Sticky Note OS number in context. fromtheuk 04/15/21 02:10:11 PM
#50657  Sticky Note I would have to have some AITX Artificial Huggy Bear 10/21/20 09:17:58 PM
#49435  Sticky Note This board is for discussing AITX. k9narc 06/24/20 02:25:11 PM
#53253   According to him, we’ll see some soon, but Daniel_777 05/13/21 11:49:32 PM
#53252   It's a scam. Huggy Bear 05/13/21 05:35:22 PM
#53251   My biggest issue with this company is that hallboy73 05/13/21 01:44:54 PM
#53250   And I kinda regret jumping in waaaay toooo early. Bob's Your Uncle 05/13/21 01:14:21 PM
#53249   This can be said for 99% of OTC roheex 05/13/21 01:11:10 PM
#53248   WOW. Biggest order month ever, another 6 Bob's Your Uncle 05/13/21 12:56:44 PM
#53247   You said: "It’s worse than that, taking preferred Bob's Your Uncle 05/13/21 09:12:37 AM
#53246   It’s worse than that, you are not including fromtheuk 05/13/21 07:56:15 AM
#53245   Wow! Two RS? I’ve been through a couple Daniel_777 05/12/21 11:46:39 PM
#53244   yeah my fist purchase was, adjusted for two PennyStockTrader2 05/12/21 06:50:28 PM
#53243   I have been through the last two (of Bob's Your Uncle 05/12/21 02:58:16 PM
#53242   Uncle Bob What was AITX at when you LeighA 05/12/21 02:52:52 PM
#53241   It's fun ready some Tweeeets. Bob's Your Uncle 05/12/21 02:25:11 PM
#53240   6 more Rosa's and the price drops! Bob's Your Uncle 05/12/21 10:06:29 AM
#53239   Actually if you want to sell shares to fromtheuk 05/12/21 04:48:44 AM
#53238   You are correct so he will dilute 10’s Bob's Your Uncle 05/11/21 08:16:45 PM
#53237   Nice pullback to get filled from .0676 to PennyStockTrader2 05/11/21 08:13:03 PM
#53236   Bob, at current prices, selling would 1M shares mrf8714 05/11/21 06:50:09 PM
#53235   So CEO Steve said in an interview that Bob's Your Uncle 05/11/21 12:38:48 PM
#53234   The question is why are they not selling Bob's Your Uncle 05/11/21 10:32:40 AM
#53233   Certainly not going to get there by selling Romeos fromtheuk 05/11/21 10:29:36 AM
#53232   can't see a RS being needed. THe roheex 05/11/21 10:15:49 AM
#53231   Wow that would be so sad if they Bob's Your Uncle 05/11/21 09:59:17 AM
#53230   RS it. Get there instantly fromtheuk 05/11/21 09:55:50 AM
#53229   Steve, Steve, Steve. SadArmy deserves answers. Bob's Your Uncle 05/11/21 09:51:35 AM
#53228   5's to be back tested. Hope to heck roheex 05/11/21 09:51:15 AM
#53227   Lol Daniel_777 05/10/21 02:59:54 PM
#53226   Steve. Someone from SadArmy asked me why Bob's Your Uncle 05/10/21 01:52:26 PM
#53225   Manipulated or way over valued? Bob's Your Uncle 05/10/21 11:59:30 AM
#53224   Follow twitter.com/stompshorts you will understand what's happening PRIVATE SHAREHOLDER 05/10/21 11:57:39 AM
#53223   No coincidence. Most otc stocks are being PRIVATE SHAREHOLDER 05/10/21 11:55:52 AM
#53222   Why doesn't the Market like this PR? Bob's Your Uncle 05/10/21 10:59:01 AM
#53221   Rome was not built in one day....time is rab74 05/10/21 09:48:08 AM
#53220   Can't argue with you on that crustytcln 05/10/21 09:40:22 AM
#53219   You need many many more of these PR's Bob's Your Uncle 05/10/21 09:19:11 AM
#53218   Bad link(scroll down) but there is news crustytcln 05/10/21 09:11:25 AM
#53217   https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.otcmarkets crustytcln 05/10/21 09:10:16 AM
#53215   Yeah, that’s funny, How many units they sold? 2? Daniel_777 05/07/21 10:04:28 AM
#53214   Funniest PR ever. Dealer of the month Bob's Your Uncle 05/07/21 09:34:38 AM
#53213   What??? One (just 1 of the many Bob's Your Uncle 05/07/21 09:26:59 AM
#53212   3.5 billion. Np lollllllllllllll Harbor6460 05/06/21 08:58:55 PM
#53211   Steve, Steve Steve. #SadArmy is hoping this Bob's Your Uncle 05/06/21 12:32:07 PM
#53210   No thanks. I don't donate to con artists. Huggy Bear 05/06/21 11:03:53 AM
#53209   Steve hinting at an order for 20 SCOTS Bob's Your Uncle 05/06/21 10:23:18 AM
#53208   Must be all the new investors buying today roheex 05/06/21 10:21:52 AM
#53207   no so Huggy Bear > gotta pick 02opida 05/06/21 08:13:10 AM
#53206   Best Month Ever Tweet and RadArmy watches this Bob's Your Uncle 05/05/21 04:06:08 PM
#53205   To marks. Huggy Bear 05/05/21 03:39:56 PM
#53204   But it sounds good. k9narc 05/05/21 03:29:56 PM
#53203   Fraudulent Garbage. Huggy Bear 05/05/21 03:27:27 PM
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