Safe and Green Development Corp Launches XENE Home AI Platform
MIAMI, Fla, April 23, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD)(“SG DevCo” or the “Company”), is pleased to announce that the Xene Home Platform has launched.
XENE is designed to assist customers, including buyers and sellers, real estate agents, lawyers, accountants and title companies in many facets of various real estate transactions by enhancing the transaction process with cost-efficiencies and dramatically reduced transaction fees in a range of just 1.99% to 3.99%. This lower cost, in of itself is expected to provide a cost-effective pathway to homeownership and a process that puts consumers back in the driver’s seat. Real estate investors and prospective home buyers and sellers who register for membership to the XENE Home Platform will secure access to XENE's foreclosure listings and 'Buy It Now' properties, designed to provide a strategic edge in property investment. Licensed real estate professionals who join the Xene Home Platform will gain access to premium exclusive listings, dedicated buyers, traditional leads, and exclusive training/certification tools, all of which are intended to enhance such professional’s portfolio and expand their business reach.
The website is www.xenehome.com
The Company plans to introduce continuous advancements in AI technology, beginning with AI-assisted listing tools, document interpretation, and image enhancement capabilities. The Company intends to progressively unveil new functionalities that redefine the technological landscape of real estate through updates and new solutions. The two first tools to be released later this week to members of the platform are the AI Lister and the AI.
Matthew A. Barstow, SVP of Innovation at SG Devco stated, “After months of continued research and development, combined with extensive testing and tweeks, I am excited and pleased to get to this point and have an official launch. We believe this platform goes above and beyond bringing a product to market, changing the way real estate transactions will be considered and closed. We believe aggregating information such as foreclosures in an easy manner will be invaluable to home buyers and investors.”
About Safe and Green Development Corporation
Safe and Green Development Corporation is a real estate development company. Formed in 2021, it focuses on the development of sites using purpose-built, prefabricated modules built from both wood and steel. The thesis of development is to build strong, innovative and green, single or multifamily projects across all income and asset classesAdditionally, a majority owned-subsidiary of SG DevCo, Majestic World Holdings LLC, is a proptech company that has created the XENE Home Platform. It is powered by advanced AI technology which aims to decentralize the real estate marketplace, creating an all-in-one solution that brings banks, institutions, home builders, clients, agents, vendors, gig workers, and insurers into a seamlessly integrated and structured AI-driven environment.
More information about SG DevCo can be found at www.sgdevco.com.
Safe Harbor Statement
This press release may contain 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, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances and include statements regarding XENE assisting customers, including buyers and sellers, real estate agents, lawyers, accountants and title companies in many facets of various real estate transactions by enhancing the transaction process with cost-efficiencies and dramatically reduced transaction fees in a range of just 1.99% to 3.99%, XENE lower cost in of itself providing a cost-effective pathway to homeownership and a process that puts consumers back in the driver’s seat, XENE's foreclosure listings and 'Buy It Now' properties providing a strategic edge in property investment, the Xene Home platform enhancing licensed real estate professionals portfolio and expanding their business reach, plans to introduce continuous advancements in AI technology beginning with AI-assisted listing tools, document interpretation, and image enhancement capabilities, plans to progressively unveil new functionalities that redefine the technological landscape of real estate through updates and new solutions, the platform changing the way real estate transactions will be considered and closed and aggregating information such as foreclosures in an easy manner being invaluable to home buyers and investors. Actual events or results may differ materially from those projected in any of such statements due to various factors, including the Company’s ability to attract customers, including buyers and sellers, real estate agents, lawyers, accountants and title companies, to join the XENE Home platform, the Company’s ability to enhance the transaction process with cost-efficiencies and dramatically reduced transaction fees, the Company’s ability to introduce continuous advancements in AI technology beginning with AI-assisted listing tools, document interpretation, and image enhancement capabilities, the Company’s ability to progressively unveil new functionalities that redefine the technological landscape of real estate through updates and new solutions, the Company’s ability to change the way real estate transactions will be considered, the Company’s ability to monetize its real estate holdings and the other factors discussed in the Company’s Form 10 registration statement and its subsequent filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement and Safe and Green Development Corporation undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof.
For investor relations and media inquiries, please contact:
Barwicki Investor Relations
Andrew@Barwicki.com
516-662-9461
Released April 23, 2024