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XMACHINA AI GROUP INC. ANNOUNCES THE CREATION OF ADVISORY BOARD WITH KEY APPOINTMENT

VANCOUVER, BRITISH COLUMBIA, CANADA, October 24, 2022 /EINPresswire.com/ -- XMachina AI Group Inc., formerly 1210352 B.C. Ltd., (the “Company”) announces the creation of its Advisory Board with the appointment of Nick Nardi. Mr. Nardi will assist with recommending additional appointees and steering the activities of the Advisory Board and its support of the XMachina team.

“We are fortunate to welcome Nick Nardi to the head of our Advisory Board. Nick brings a wealth of M&A and tech industry wisdom that he has garnered over a substantial history of corporate structuring and process optimisation. With a reputation for operational excellence and leadership, Nick is a valuable addition to the XMachina team.” Commented Claude G. Theoret, CEO of XMachina AI Group Inc.

A 30-year veteran in the high-tech industry with an international business acumen that spans 4 continents where his first 20 years has been in running sales-ops and restructuring companies on a global scale and the last 10 years have been in investment and M&A (5 years in Venture Capital at Desjardins Capital and 5 years in a Private Equity called Constellation Software TSX:CSU). Mr. Nardi has successfully deployed over $300 million in capital. Mr. Nardi consulted or directly managed: start-ups and turnarounds. The vast majority of these companies had revenues between $0-$15million.

Mr. Nardi is presently Managing Partner at WTA Partners in North America, a premiere M&A firm specializing in the technology sector.

“I am excited to be part of the Advisory Board at XMachina. The vision and roll-up strategy that the XMachina team has for the AI sector is the correct approach to bring value to the public markets and the industry as a whole. I look forward to being able to participate in this journey with them and offer some insights that I have gained from my years in M&A in the technology sector.” Commented Mr. Nardi.

About the Company
XMachina AI Group Inc. acquires companies that are applying AI and advanced data analytics in innovative ways to solve real world business problems. The Company then accelerates their growth by injecting capital, top tier talent and by streamlining their corporate processes. Current sectors of interest for the Company include supply-chain and logistics, manufacturing, construction, and real estate management. For more information, please visit: https://machina-ai.com

Media Contact:
XMachina AI Group Inc.
Patrick Brown
Chief Financial Officer & Director
T: 514-560-4628
E: pbrown@machina-ai.com

No recognized securities exchange accepts responsibility for the adequacy of this news release, which has been prepared by management of the Company.

Cautionary Note Regarding Forward-Looking Statements
This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.

Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

Forward-looking statements in this document include, among others, statements relating to expectations and intentions regarding the Listing on the Exchange, preparing and filing and receiving a receipt from the BCSC with respect to the Prospectus, the business plans of the Company and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: (a) that there is no assurance that the Company will obtain a conditional or final approval from the Exchange in connection with its planned CSE or final receipt from the BCSC in connection with the Prospectus on the expected timeline or at all; (b) the anticipated costs to complete the Listing may exceed current expectations; (c) following completion of the Business Combination, the Company may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions; (d) the new laws and regulations could adversely affect the Company’s business and results of operations; (e) the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company’s securities, regardless of its operating performance; (f) limited business history of the Company; (g) disruptions or changes in the AI markets or the economy generally; (h) unanticipated costs and expenses; and (i) general market and industry conditions.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Patrick Brown
XMachina AI Group Inc
+1 514-564-8880
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