Bots Inc (BTZI)

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$$$ HUGE NEWS!!! MCIG CHANGES NAME TO BOTS, INC._TO_REFLECT_BROADER_TECH_DEVELOPMENT_COMMITMENT!!_https://finance.yahoo.com/news/mcig-inc-announces-corporate-name-122359987.html

EXCERPT FROM LINKED PR BELOW:

mCig, Inc. Announces Corporate Name Change to Bots, Inc. to Reflect Broader Technology Development Commitment

JACKSONVILLE, FL, May 18, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- BOTS, Inc. - formerly mCig, Inc. (MCIG), a leading distributor of innovative products, technologies, and services for the global medical cannabis industry - announced today that it has changed its corporate name to BOTS, Inc. (http://www.bots.bz). The name change reflects the company's broader advanced technology commitment and its expertise in driving the innovations needed to shape the future of robotic automation management through digital technology and decentralized blockchain solutions.

"The new name – BOTS, Inc. – allows us to emphasize our wide-ranging business objective around changing the way automation is delivered between service providers and businesses, with the goal of increasing access, lowering costs and improving quality," said Paul Rosenberg, CEO of the Company.

During the economic recovery period related to the coronavirus, small and large businesses will be seeking new software automation solutions to enable business continuity and a safer return-to-work.

Companies want cognitive solutions to make business improvements, enhance existing technologies/processes, help management make better decisions, and reduce tedious tasks—while repurposing and retraining their human workforce.

Instead of relying on bots that attempt to handle everything automatically, customers will be better served by businesses that find a happy medium between human interaction and robotic process automation.

“Bots and humans—working hand in hand—can form a partnership that benefits employees and their employers,” according to Deloitte consulting research.

The “bots” market size is projected to grow to $9.4 billion by 2024 at a compound annual growth rate (CAGR) of 29.7%.

“Chatbots” (chatbot is a bot application used to conduct an online chat conversation via text or text-to-speech) can work in segments such as marketing, payments and processing, and services, but when it comes to revenue, chatbots services currently dominate this sectors market share. According to Lauren Foye, by 2022, banks can automate up to 90% of their customer interaction using chatbots. A survey conducted by Spiceworks showed that 40% of large companies employing more than 500 people plan to implement one or more intelligent assistant or AI-powered chatbots over corporate mobile devices.

According to Adobe, 28% of leading companies use AI for marketing, while 31% plan to use AI in the next 12 months. According to Opus Research, by 2021, 4.5 billion dollars will be invested in chatbots.

While our changed name is already effective in our home state of Puerto Rico, we also applied to FINRA for the symbol change to BOTS and will now apply to have our name similarly reflected in the stock market. We will be implementing this new direction indicated by our name change across the company's products and services throughout the calendar year 2020 and beyond.

About BOTS, Inc

Headquartered in Jacksonville, Florida, BOTS, Inc (formerly mCig,Inc.) (MCIG) is a diversified company servicing the legal cannabis, hemp and CBD markets via its lifestyle brands. The Company is committed to drive the innovations needed to shape the future of robotic automation management through digital technology and decentralized blockchain solutions.

The Company has been featured in media nationwide, including CNBC, Bloomberg, TheStreet.com. For more information, visit www.mciggroup.comand our new website under development www.bots.bz

Visit us on Facebook @ https://www.facebook.com/mCigInc/

Follow us on Twitter @mcigInc