Horizons Holdings International Corp. Acquires PAI-TECH Artificial Intelligence, LTD
Las Vegas, NV -- June 28, 2019 -- InvestorsHub NewsWire -- Horizons Holdings International Corp., (OTCMarkets: HZHI), has acquired PAI-TECH Artificial Intelligence LTD - an Israeli based AI and machine-learning technology startup company.
PAI-TECH has developed an unprecedented Bot Operating System Standard (B.O.S.S.), which provides a digital workforce of intelligent bots with advanced AI algorithms and offer real-time, autonomous and distributed solutions.
Per the agreement, Horizons Holdings has issued 10,500,000 common shares to PAI-TECH for the full acquisition (100%) of PAI-TECH with funding commitment up to $1 Million USD in working capital for the next twelve months. Pai-Tech will apply to receive the "pre-ruling" letter from ITA (Israeli Tax Authorities).
"We believe that PAI-TECH technology is on the cutting edge of the Fourth Industrial Revolution (4IR) and is a breakthrough combination of technology; Blockchain, Artificial Intelligence and Internet of Things." commented Tamir Fridman – Co-Founder and CEO of PAI-TECH.
Brian Conrad, CEO of Horizons Holdings commented "The acquisition of PAI- TECH increases Horizons Holdings' footprint into the disruptive tech space. We are pleased with the completion of this transaction, as we were exploring a broad range of strategic alternatives for the company. HZHI is committed to maximizing value for our shareholders. "
About PAI- TECH
PAI-TECH has developed a brand-new Bot Operating System Standard (B.O.S.S.), which provides a digital workforce of intelligent bots that are based on advanced AI algorithms and offer real-time, autonomous and distributed solutions. PAI's intelligent bots are able to work in any sector and industry and provide businesses increased levels of cybersecurity, as well as save companies valuable time and money by reducing workforce costs, avoiding human errors, increasing the quality of work and enabling data to be read in real-time. PAI's system is a 24/7 operation, is quantum safe, offers customizable scalable solutions and has a short payback (ROI) period.
The Company is developing a portfolio of Intellectual Property and has filed several patents to the USPTO. The Company has entered into co-Sale agreement with Microsoft that allows PAI-TECH to connect with Microsoft sellers and partners who have access to over 120 million customers around the world. PAI- TECH had specifically developed its Bots technology to run on Microsoft platforms. Additionally, the Company has entered into agreements with IBM, Intel and other chipmakers for co-development of the latest generation of intelligent bots to be deployed on their latest microprocessors, graphics chips and AI platforms.
PAI-TECH's headquarters are based in Tel Aviv, Israel.
For more information, please visit: www.pai-tech.org
About Horizons Holdings International Corp.
Horizons Holdings International Corp. operates as holding, development and investment company. The Company's purpose is to facilitate the acquisition of existing companies and provide additional capital and expertise to increase revenue and profitability of the acquired companies. The acquisition model focuses on the full spectrum solutions. The company considers all facets of investment analysis, including cash flow, income tax consequences, capital appreciation opportunity, market trends, and many other factors. We look to maintain an inventory of exceptional investment opportunities from core (low risk) to opportunistic (high risk) companies located within solid market locations.
For more information, please visit: http://www.horizonsholdings.com/ or http://www.pai-tech.org
Certain statements contained in this press release may constitute "forward-looking statements". Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company's ability to raise capital on acceptable terms, if at all, the Company's successful development of its products and the integration into its existing products and the commercial acceptance of the Company's products. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.
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