Latest news with #iAgent
Yahoo
27-02-2025
- Business
- Yahoo
Xigem Technologies Announces Intention to Issue Shares Pursuant to Debt Settlement
Toronto, Ontario--(Newsfile Corp. - February 27, 2025) - Xigem Technologies Corporation (CSE: XIGM) (FSE: VZ6)("Xigem" or the "Company"), announces that it intends to enter into agreements with certain of its creditors to issue an aggregate of 11,845,666 common shares (the "Settlement Shares") to such creditors in exchange for the cancellation of outstanding accounts payable in the aggregate amount of up to $355,370 (the "Shares for Debt Transaction") owing to certain creditors (the "Creditors"). The Settlement Shares are expected to be issued at a price of $0.03, in accordance with the policies of the Canadian Securities Exchange (the "CSE"). Creditors include but are not limited to insiders of the Company. The Company will be completing the Shares for Debt Transaction to improve its financial position in an effort to support its planned future growth. All Settlement Shares will be subject to a four-month and one-day hold period. The Shares for Debt Transaction remains subject to CSE acceptance. No new control person of the Company will be created pursuant to the Shares for Debt Transaction. The Company intends to rely upon certain exemptions from the valuation and security holder approval requirements of MI 61-101 and will provide full details in any closing press release. About Xigem Technologies Corporation With software capable of improving capacity, productivity, and overall operations for businesses, consumers, and organizations Xigem aims to position itself to become a leading technology provider for the near trillion-dollar remote digital economy. iAgent, the Company's patented technology and EchoDigital, its SaaS automotive shopping platform are intended to provide organizations, businesses, and consumers with the tools necessary to thrive in a vast array of digital working, learning, shopping and treatment environments while the Company continually looks to aggregate a portfolio of innovative technologies capable of disrupting traditional business models. Instagram: @xigemtechnologies Twitter: @XigemTechFacebook: @xigemtechnologiesLinkedIn: Further Information This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "appears to be", "likely, "plans", "looks to", "possible", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward- looking statements contained herein include, but are not limited to, statements regarding: future market data for the global automotive industry; the future products and performance of the Company and the ability of the Company to continue adding innovative technologies to its portfolio. Forward-looking information in this news release is based on certain assumptions and expected future events, namely: the Company's ability to continue as a going concern; the commercial viability and growth in popularity of the Company's applications; the Company's ability to continue to develop and acquire revenue-generating applications; continued approval of the Company's activities by the relevant governmental and/or regulatory authorities; the continued development of the Company's technologies; the Company having sufficient funds to continue operations as planned; growth of the global automobile industry as currently anticipated or at all; the impact of growth of the global automotive industry on the Company's operations; and the continued growth of the Company in general. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: uncertainty with respect to the future growth of the global automobile industry and/or any other industry group or subset relevant to the Company's operations; uncertainty to predict the Company's ability to compete with other participants in the industries in which it operates; the potential inability of the Company to continue as a going concern; the risks associated with Software-as-a-Service ("SaaS") and technology industries in general; increased competition in the SaaS and technology markets in general; the potential future unviability of the Company's product offerings; risks associated with potential governmental and/or regulatory action with respect to the Company's activities; risks associated with a potential collapse in the value of SaaS services and the SaaS market; risks associated with the Company's ability to generate a profit; the inability of the Company to add innovative technologies to its portfolio; the Company not having adequate resources, financial and otherwise, as required to continue its operations as planned; and risks with respect to market demand for the Company's products. Furthermore, any market data presented in this press release is not indicative of the Company's future performance and in no way should be interpreted as such. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law. Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. SOURCE: Xigem Technologies Corporation On behalf of the Company:Brian Kalish, Chief Executive Officer For further information: Phone: (647) 250-9824 ext.4Investors: investors@ media@ To view the source version of this press release, please visit Sign in to access your portfolio
Associated Press
27-02-2025
- Business
- Associated Press
double jump.tokyo Partners with iAgent to Pioneer AI-Powered Web3 Gaming
/ -- double Inc., Japan's leading Web3 gaming developer, today announced a strategic partnership with iAgent, an innovative Visual Learning Model platform that enables players to train AI agents and create blockchain-based digital assets. The partnership combines double established Web3 gaming expertise with iAgent's breakthrough AI technology, positioning both companies at the forefront of gaming innovation. Through this collaboration, double will spearhead AI agent adoption in the Japanese gaming sector, while iAgent will expand its community presence in the region. iAgent's Visual Learning Model technology enables players to train AI agents through gameplay footage, leveraging decentralized computing to transform gaming data into blockchain-verified digital assets. This creates unprecedented opportunities for player engagement and digital ownership. 'Our collaboration with iAgent unlocks exciting new possibilities for gameplay experiences and blockchain-based asset creation,' said Tomi Brooks, Executive Officer and Head of Business Development at double 'We're eager to integrate AI capabilities into more gaming ecosystems and support the Japanese gaming industry in embracing Web3 and AI technologies.' Jamie Batzorig, CEO at iAgent Protocol, added: 'We are thrilled to join forces with double a company that has proven to be a leader in the Web3 and blockchain gaming space. Their expertise in the gaming industry and forward-thinking approach align perfectly with iAgent's vision of empowering players with AI and new decentralized digital assets.' double brings extensive experience in Web3 gaming through its core contribution to the Oasys gaming chain, development of Web3 gaming tools like Oasys Passport and Verseport, and partnerships with gaming giants including SEGA, Square-Enix, Bandai-Namco, and Ubisoft. The company is also preparing for the upcoming release of KAI Battle of Three Kingdoms, a Web3 version of SEGA's Sangokushi Taisen. About iAgent Protocol iAgent's Visual Learning Model empowers gamers to train their own AI agents using gameplay footage. By utilizing decentralized compute networks (DePIN), iAgent transforms this gameplay data into unique digital assets on the blockchain. This innovation introduces a new asset class within gaming, enhancing both player experience and asset ownership in the decentralized economy. About double Founded in 2018, double is Japan's leading Web3 solutions and blockchain game development company. With successful titles like 'My Crypto Heroes' and 'Brave Frontier Heroes,' the company specializes in integrating blockchain technologies into gaming and enterprise solutions. Backed by Circle, SBI Group, Sony Group, and other major global investors, double has established strategic partnerships with gaming leaders such as SEGA, Square-Enix, Bandai-Namco, and Ubisoft. The company continues to transform the global gaming landscape through innovative Web3 solutions and blockchain technology. double inc. X LinkedIn Other Legal Disclaimer:
