Genius Group Limited (NYSE American: GNS) (“Genius Group” or the
“Company”), a leading entrepreneur edtech and education group, and
OpenExO (“OpenExO”) an AI-driven global community of 36,000
educators, entrepreneurs and enterprises building the exponential
ecosystems of the future, today signed a definitive agreement to
merge companies in an all-share transaction. This merger
accelerates our plan to build a worldwide AI Education Group
serving a global network of 100 Genius Cities and prepare 100
million students for our exponential future.
Salim Ismail founded OpenExO with Kent Langley.
They have built a reputation as a world leading expert in
exponential thinking. Salim is the author of the international
bestseller “Exponential Organizations” and “Exponential
Organizations 2.0, The New Playbook for 10x Growth & Impact”.
Over the last decade his team has been implementing his ExO model
in Fortune 500 companies and governments to transform their
cultures and build entrepreneurial, high growth teams utilizing the
latest disruptive technologies and practices.
Salim serves on the Board of XPRIZE Foundation,
which uses large-scale global incentive competitions to crowdsource
solutions to the world’s grand challenges. He is also the Founding
Executive Director of Singularity University.
Genius Group’s CEO, Roger Hamilton said “Genius
Group has recently announced plans to launch our Genius City model
in Singapore, Dubai, Abu Dhabi. Genius Group’s Edtech platform,
GeniusU, was launched using the principles of Salim’s ExO model.
These principles are central to the Genius City model, developing
AI-driven exponential ecosystems that deliver education and
acceleration while localizing values and culture.”
“Salim and OpenExO’s global community of
Certified ExO Consultants and ExO Sprint Coaches have been in high
demand by governments of countries across the globe including
Singapore, UAE, Saudi, Indonesia, Thailand and Colombia. They are
also in demand with companies around the world from Accenture and
Unilever, to P&G, Vodacom, Boston Scientific, and Dubai
Electricity & Water Authority. The combination of Genius Group,
OpenExO, and FatBrain AI delivers a full AI-driven exponential
ecosystem to launch and scale a Genius City in 12 months,
upskilling students, entrepreneurs, enterprise, and
government.”
“Our Genius Group Board has tasked me as CEO to
build the group to work towards achieving $1 billion in annual
revenues, 100 million students – and now 100 Genius Cities, with a
target of achieving this within the next decade. By combining
forces, we will now be upgrading our annual growth rate, with an
accelerated roadmap to achieve our goals.
OpenExO’s CEO, Salim Ismail said “In 2008 I was
asked to be Founding Executive Director of Singularity
University by its founders, Peter Diamandis and Ray Kurzweil. At
the time, Ray, who had written the bestseller “The Singularity is
Near” in 2005, was predicting we would reach Artificial General
Intelligence (AGI), where AI would become smarter than humans by
2029. Few at the time believed we would advance that rapidly,
largely because most humans think linearly while exponential
technologies like AI progress exponentially. Now, here we are, with
many believing we will reach AGI before Ray’s prediction.”
“We launched OpenExO to transform leaders and
enterprises into exponential organizations with the ExO Model. By
merging with Genius Group and FatBrain, we have an opportunity of
integrating our communities and AI-driven tools to educate and
accelerate organizations at every level. We believe this is an
extremely exciting opportunity which is coming at a critical time
for humanity.”
The transaction will close once the various
closing conditions and necessary approvals, including, but not
limited to, NYSE approval, are met.
About Genius Group
Genius Group is a leading entrepreneur Edtech
and education group, with a mission to disrupt the current
education model with a student-centered, life-long learning
curriculum that prepares students with the leadership,
entrepreneurial and life skills to succeed. Through its learning
platform, GeniusU, the Genius Group has a member base of 5.4
million users in 200 countries, ranging from early age to 100.
For more information, please visit
https://www.geniusgroup.net/
About OpenExO
OpenExO is an AI-driven global community of
36,000 educators, entrepreneurs and enterprises building the
exponential ecosystems of the future. Membership of OpenExO gives
exclusive access to a vast community of exponential thought
leaders, innovation coaches, and disruption specialists. Tap into a
wealth of knowledge and resources and learn how to apply the
principles of Exponential Organizations. Gain valuable insights
into the tools and strategies used by some of the world’s most
successful companies.
For more information, please visit
https://openexo.com/
Investor Notice
Investing in our securities involves a high
degree of risk. Before making an investment decision, you should
carefully consider the risks, uncertainties and forward-looking
statements described in our most recent Annual Report on Form 20-F,
as amended for the fiscal year ended December 31, 2022, filed with
the SEC on June 6, 2023 and August 3, 2023. If any of these risks
were to occur, our business, financial condition or results of
operations would likely suffer. In that event, the value of our
securities could decline, and you could lose part or all of
your investment. The risks and uncertainties we describe are not
the only ones facing us. Additional risks not presently known to us
or that we currently deem immaterial may also impair our business
operations. In addition, our past financial performance may not be
a reliable indicator of future performance, and historical trends
should not be used to anticipate results in the future. See
"Forward-Looking Statements" below.
Forward-Looking Statements
Statements made in this press release include
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934. Forward-looking statements can be
identified by the use of words such as “may,” “will,” “plan,”
“should,” “expect,” “anticipate,” “estimate,” “continue,” or
comparable terminology. Such forward-looking statements are
inherently subject to certain risks, trends and uncertainties, many
of which the Company cannot predict with accuracy and some of which
the Company might not even anticipate and involve factors that may
cause actual results to differ materially from those projected or
suggested. Readers are cautioned not to place undue reliance on
these forward-looking statements and are advised to consider the
factors listed above together with the additional factors under the
heading “Risk Factors” in the Company's Annual Reports on Form
20-F, as may be supplemented or amended by the Company's Reports of
a Foreign Private Issuer on Form 6-K. The Company assumes no
obligation to update or supplement forward-looking statements that
become untrue because of subsequent events, new information or
otherwise.
Contacts
US Investors: Dave GentryRedChip Companies
Inc1-800-RED-CHIPGNS@redchip.com
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