Artificial Intelligence Technology Solutions Inc (AITX)

[light1soldier]

now you get it....

RAD is a separate company than OMVS. RAD is owned by OMVS as per the stock purchase agreement of August 28, 2017.
© 2017 InvestorsHub.Com, Inc.........

so the financials are going to include the liabilities of OMVS, which is a proportionate number....

even with renegotiated debt, as some claim, and to which has been diluted to date per pr yesterday a quote regarding the psr channel..

RAD has commenced to deploy robots to end users. To date RAD has commitments for 62 robots for total contract values of approximately $6 million.

RAD currently has signed agreements for 2 POC's with major companies.

RAD currently has a sales pipeline of over 50 Fortune 500 companies and over 25 qualified dealers and distributors that have a combined customer base of more than 35,000 end user corporations.


per PR on sept 14th stating guidance, a very contradictory statement..
look at expected 560 rentals by end of 2018, but in table below only expects to do 240....what gives

RAD is preparing for the following expected deployment of robots:
20 robots by the end of calendar 2017
50 robots by the end of the first quarter of 2018
90 robots by the end of the second quarter of 2018
160 robots by the end of the third quarter of 2018
240 robots by the end of the fourth quarter of 2018
RAD'S business model is to rent out robots to its clients over a three-year period thereby always retaining ownership of its robots, securing its intellectual property and providing a model for regular service, software and hardware updates.
Each robot brings in approximately $110,000 of revenue over the life of the contract which translates to approximately $36,000 per annum.
RAD expects to have 20 robots deployed by the end of 2017 and a total of 560 robots deployed by the end of 2018 for an expected monthly revenue run rate at the end of 2018 of over $1,600,000 or over $20,000,000 of recurring revenue per year.
"Demand for our robots has been very encouraging," said Steve Reinharz, President and CEO of RAD. "And we are preparing for the swift ramp up of deployments over the next 15 months."
RAD has commenced to deploy robots to end users. To date RAD has commitments for 62 robots for total contract values of approximately $6 million.
RAD currently has signed agreements for 2 POC's with major companies.
RAD currently has a sales pipeline of over 50 Fortune 500 companies and over 25 qualified dealers and distributors that have a combined customer base of more than 35,000 end user corporations.
The company may post important information about its subsidiary RAD on its website at www.Robotic AssistanceDevices.com and through tweets from RAD President and CEO Steve Reinharz (https://twitter.com/SteveReinharz)...

even with 6 million in contracts, per the 62 commitments only commitments, take in account when that is paid in and the cost of the rental to deploy...
then take in account that the OS is over 120 million now in my opinion...
take in account that OMVS and RAD has debt to pay as well as salaries and day to day business...
well hopefully some can see why this is trading at a .07 pps...


also that 62 commitment number hasn't changed for awhile...
just go back and read the pr's and 8k's or one 8k that is since merger..

yes finally glad that someone is seeing the subsidary of omvs as it is..
OMVS is using RAD to pay it's past defaults and liabilities, SR just a pawn...

can't wait to see those financials.....
omvs