Artificial Intelligence Technology Solutions Receives Purchase Order From Fortune 500 Client
January 31 2019 - 9:21AM
InvestorsHub NewsWire
Reno, NV -- January 31, 2019 -- InvestorsHub NewsWire --
Artificial Intelligence Technology Solutions, Inc., (AITX: OTCPK)
is pleased to announce that Robotic Assistance Devices (RAD), its
wholly owned subsidiary, has received another PO from one of its
existing Fortune 500 clients in the logistics industry for a SCOT™
Wally.
“We are very pleased to be receiving follow on orders from
existing Fortune 500 clients,” said Steve Reinharz, President and
CEO of RAD. “It is important to note that as we work on bringing in
new clients, we are also receiving additional orders from existing
clients and as time goes on we expect these reorders to increase in
frequency and magnitude.”
The cornerstone of RAD’s growth strategy is to attract new large
clients who place initial orders and then reorder more products
over time. Most of the sales effort occurs during the preliminary
order process so reorders are a significant value add for the
company. As well, as the company adds new products to its
portfolio, it can leverage its existing client base to increase
sales more rapidly.
The company may post important information about its subsidiary
RAD on its website at www.RoboticAssistanceDevices.com and through
tweets from RAD President and CEO Steve Reinharz
(https://twitter.com/SteveReinharz).
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 RAD
Robotic Assistance Devices (RAD) 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, RAD can help organizations streamline
operations, increase ROI and strengthen business. RAD robotics
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. RAD robotic 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.
Everest Corporate Advisors Inc.702-902-2361 www.everestcorp.net
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