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Safe and Green Development (NASDAQ: SGD) has announced the acquisition of MyVONIA, an advanced AI assistant, using machine learning and natural language processing. The acquisition is expected to close in the second quarter of 2024. MyVONIA offers human-like conversational interactions via text messaging, not requiring an app or website. The integration of MyVONIA into the Xene AI Real Estate Platform aims to enhance user experience, streamline processes, and offer personalized assistance, market insights, and data-driven recommendations to realtors.
Safe and Green Development (SG Devco) is extending the closing date for the sale of its St. Mary’s site to May 30, 2024, potentially concluding by May 15th. The transaction will bring in over $1M in capital without dilution, enhancing operational capabilities. The sale will be facilitated through SG Devco’s online real estate platform, Xene Home, aiming to modernize real estate transactions. CEO David Villarreal is optimistic about the extension, highlighting the revenue boost in Q2 2024 and the strategic benefits for SG Devco's market position.
Safe and Green Development (SGD) executed a contract to sell its Lago Vista site, a 60-acre waterfront property in Texas, to an unnamed buyer. The sale will eliminate $5,000,000 of debt and provide non-dilutive cash proceeds, reinforcing the company's balance sheet. The successful monetization of the property highlights the value of SG Devco's real estate assets.
