Vancouver, British Columbia Nov 18, 2024 (Issuewire.com) - XMachina AI Group Inc., formerly 1210352 B.C. Ltd., (the Company or XMachina AI), an AI vertical-acquisition and consulting company, today announced that Bredan Holt Dunn and J. Scott Munro have ended their service as members of the Board of Directors of XMachina AI effective August 1, 2024 and November 14, 2024, respectively. Messrs. Dunn and Munro also served on the Audit Committee of the Board of Directors. 

The Company would like to thank Messrs. Dunn and Munro for their contributions and dedication since joining its Board and wishes them well in all future endeavors.  Mr. Munro is continuing his service at Chief Investment Officer and Corporate Secretary as a valuable executive of the Company.

About the Company

XMachina AI Group Inc. acquires AI companies that are applying AI and advanced data analytics in innovative ways to solve real-world business problems and AI consulting services through XCS.ai (https://xcs.ai). 

Media Contact:

J. Scott Munro

Chief Investment Officer & Corporate Secretary

(514) 564-8880

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E: smunro@machina-ai.com

No recognized securities exchange accepts responsibility for the adequacy of this news release, which has been prepared by management of the Company.

Cautionary Note Regarding Forward-Looking Statements

This news release contains statements that constitute forward-looking statements. Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Companys actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.

Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words expects, plans, anticipates, believes, intends, estimates, projects, potential and similar expressions, or that events or conditions will, would, may, could or should occur.

Forward-looking statements in this document include, among others, statements relating to expectations and intentions regarding the Listing on the Exchange, preparing and filing and receiving a receipt from the BCSC with respect to the Prospectus, the business plans of the Company and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others:  (a) that there is no assurance that the Company will obtain a conditional or final approval from the Exchange in connection with its planned CSE or final receipt from the BCSC in connection with the Prospectus on the expected timeline or at all; (b) the anticipated costs to complete the Listing may exceed current expectations; (c) following completion of the Business Combination, the Company may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions; (d) the new laws and regulations could adversely affect the Companys business and results of operations; (e) the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Companys securities, regardless of its operating performance;  (f) limited business history of the Company; (g) disruptions or changes in the AI markets or the economy generally; (h) unanticipated costs and expenses; and (i) general market and industry conditions.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that managements beliefs, estimates or opinions, or other factors, should change.