Amesite Inc. (AMST) Confirms No Exposure to Silicon Valley Bank

Amesite Inc. (NASDAQ: AMST) announced on March 13, 2023, that it does not maintain any cash or accounts with Silicon Valley Bank (SVB) and has no business relationship with the bank.

Rhea-AI Summary

Amesite Inc. (NASDAQ: AMST) announced on March 13, 2023, that it does not maintain any cash or accounts with Silicon Valley Bank (SVB) and has no business relationship with the bank. The company, known for its cloud-based learning platform that boasts a 99% learner retention rate, provides customizable solutions for businesses, educational institutions, and government agencies. Amesite recently integrated with GPT-3 technology, enhancing its AI-driven learning capabilities. The firm aims to capture significant market share in the online learning sector, valued in the billions, by offering a comprehensive system that incorporates eCommerce, instruction, and analytics.

Positive

• Amesite has 99% learner retention rate for its online learning platform.
• Successfully integrated with GPT-3 technology to enhance user experience.
• Focus on multi-billion-dollar online learning market positions Amesite for growth.

Negative

• None.

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DETROIT, March 13, 2023 (GLOBE NEWSWIRE) -- Amesite Inc. (NASDAQ: AMST), a leading artificial intelligence software company offering a cloud-based learning platform that delivers 99% learner retention for business and education markets, confirms that it does not hold any cash or maintain any accounts at Silicon Valley Bank (SVB), and has no current or prior business relationship with SVB.

About Amesite Inc.

Amesite delivers its scalable, customizable, white-labeled online learning platform to universities, businesses, museums, and government agencies, enabling them to deliver outstanding digital learning. Amesite provides a single system that combines eCommerce, instruction, engagement, analytics, and administration using best-in-class infrastructure to serve multi-billion-dollar online learning markets. Recently, Amesite integrated with GPT-3, the technology that powers ChatGPT, giving it the ability to provide users with a cutting-edge AI-driven learning experience. For more information, visit www.amesite.io.

Forward Looking Statements

This communication contains forward-looking statements (including within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended) concerning the Company, the Company's planned online machine learning platform, the Company's business plans, any future commercialization of the Company's online learning solutions, potential customers, business objectives and other matters. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "may," "will," "should," "would," "expect," "plan," "believe," "intend," "look forward," and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement. Risks facing the Company and its planned platform are set forth in the Company's filings with the SEC. Except as required by applicable law, the Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Relations Contact:

Christine Petraglia

TraDigital IR

(917) 633-8980

christine@tradigitalir.com

FAQ

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What is Amesite's relationship with Silicon Valley Bank?

Amesite Inc. has confirmed that it does not hold any cash or accounts at Silicon Valley Bank and has no business relationship with the bank.

What technology does Amesite use for its learning platform?

Amesite recently integrated with GPT-3 technology to provide an AI-driven learning experience.

What markets does Amesite target with its learning solutions?

Amesite targets business, education, museums, and government agencies with its scalable online learning platform.

What is the learner retention rate of Amesite's platform?

Amesite's platform boasts an impressive 99% learner retention rate.