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Chatbot Development: Revolutionizing Customer Support with Umano Logic

In the fast-evolving landscape of customer support, Umano Logic stands at the forefront of innovation with its groundbreaking Chatbot Development services. As businesses strive for enhanced efficiency and seamless customer interactions, the integration of advanced chatbots has become a game-changer.
The Role of Chatbot Development in Customer Support
Customer support is a critical aspect of any business, and the ability to provide quick and effective solutions is paramount. Umano Logic's Chatbot Development services empower businesses to automate routine tasks, instantly respond to customer queries, and streamline support processes.
Key Features and Benefits:
24/7 Availability: Umano Logic's chatbots ensure round-the-clock availability, addressing customer inquiries and issues at any time, enhancing overall service accessibility.
Instant Responses: The speed of response is crucial in customer support. Umano Logic's chatbots are designed to provide instant and accurate responses, reducing waiting times and improving customer satisfaction.
Personalized Interactions: Through advanced AI algorithms, Umano Logic's chatbots can understand customer preferences and tailor interactions, creating a personalized experience for each user.
Efficient Query Resolution: By automating routine queries, Umano Logic's chatbots allow human agents to focus on more complex issues, increasing the efficiency of the support team.
Data Insights: The chatbots collect valuable customer interaction data, providing businesses with insights into user behavior, preferences, and common issues. This data can inform strategic decision-making and further enhance the customer experience.
Case Studies: Real-world Impact
Explore how businesses across various industries have witnessed tangible improvements in customer support through Umano Logic's Chatbot Development in Edmonton Location. From e-commerce to finance, the adaptability and effectiveness of these chatbots have left a lasting impact on customer satisfaction metrics.
Looking Ahead: The Future of Customer Support
As technology continues to advance, Umano Logic remains committed to staying at the forefront of Chatbot Development. The integration of natural language processing and machine learning ensures that these chatbots evolve with the ever-changing needs of businesses and customers.
In conclusion, Umano Logic's Chatbot Development services in Edmonton, They are not just transforming customer support; they are redefining the customer experience. Stay ahead in the competitive landscape by embracing the future of support services with Umano Logic.
For more details !!!
Email: [email protected]
Visit us : https://www.umanologic.ca
#Chatbot development company Edmonton#Chatbot development company#Hire chatbot developer#Chatbot development Services Alberta
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Saturday, August 7, 2021
Canadian cows (NYT) Canada Beef, a national marketing organization, says Canada ranks among the top 10 beef exporting countries in the world. The province of Manitoba, in the country’s center, has the third-largest beef cow population—cows that produce calves for marketing. Almost all of Manitoba’s operations are cow-calf farms. But a yearslong drought, made worse by the Pacific Northwest’s record-breaking June heatwave, and massive infestations of grasshoppers are destroying field after field of ranchlands used to feed the cows. Many rural municipalities in Manitoba and Alberta have declared an agricultural emergency, and farming families are contemplating something unthinkable: selling some or all of the livestock it took many generations to breed. Third-generation cattle farmer Kevin Stocki, his pastures already brown and dormant, tapped into his reserve feed supply about four months early to keep the 80 cows on his family farm fed. “Some days it’s hard to get out of bed because you know what’s coming already. It just turns your stomach.”
U.S. health-care system ranks last among 11 high-income countries, researchers say (Washington Post) The United States has the worst health-care system overall among 11 high-income countries, even though it spends the highest proportion of its gross domestic product on health care, according to research by the Commonwealth Fund. “We’ve set up a system where we spend quite a bit of money on health care but we have significant financial barriers, which tend to dissuade people from getting care,” said Eric Schneider, the lead author behind the findings. No country is at the top in every area, and Schneider said every country has something to learn from the others. But Norway, the Netherlands and Australia were the top-performing countries overall. The high performers stand apart from the United States in providing universal coverage and removing cost barriers, investing in primary care systems to reduce inequities, minimizing administrative burdens, and investing in social services among children and working-age adults, the Commonwealth Fund found. The U.S. ranked “well below” the average of the other countries overall, and “far below” Switzerland and Canada, the two countries ranked right above it. The U.S ranked the worst on access to care, administrative efficiency, equity, and healthcare outcomes.
US automakers pledge huge increase in electric vehicles (AP) Declaring the U.S. must “move fast” to win the world’s carmaking future, President Joe Biden on Thursday announced a commitment from the auto industry to produce electric vehicles for as much as half of U.S. sales by the end of the decade. Earlier Thursday, the administration announced there would be new mileage and anti-pollution standards from the Environmental Protection Agency and Transportation Department, part of Biden’s goal to cut U.S. greenhouse gas emissions in half by 2030. It said the auto industry had agreed to a target that 40% to 50% of new vehicle sales be electric by 2030.
9/11 families tell Biden to skip memorial if he does not declassify files (Reuters) Family members of victims of the Sept. 11 attacks are opposing U.S. President Joe Biden’s participation in memorial events unless he declassifies government documents that they contend will show Saudi Arabian leaders supported the attacks. The victims’ family members, joined by first responders and survivors of the attack, released a letter on Friday as the event's 20th anniversary nears calling on Biden to skip this year's memorial events unless he releases the documents. "Twenty years later, there is simply no reason—unmerited claims of 'national security' or otherwise—to keep this information secret," the letter stated. "But if President Biden reneges on his commitment and sides with the Saudi government, we would be compelled to publicly stand in objection to any participation by his administration in any memorial ceremony of 9/11." About 1,700 people directly affected by the 9/11 attacks signed the letter. Family members of 9/11 victims have long sought U.S. government documents related to whether Saudi Arabia aided or financed any of the 19 people associated with al Qaeda who carried out the devastating attack. Fifteen of the 19 hijackers were from Saudi Arabia.
Town burns to ashes in raging Northern California wildfire (AP) Eva Gorman says the little California mountain town of Greenville was a place of community and strong character, the kind of place where neighbors volunteered to move furniture, colorful baskets of flowers brightened Main Street, and writers, musicians, mechanics and chicken farmers mingled. Now, it’s ashes. As hot, bone-dry, gusty weather hit California, the state’s largest current wildfire raged through the Gold Rush-era Sierra Nevada community of about 1,000, incinerating much of the downtown that included wooden buildings more than a century old. Officials had not yet assessed the number of destroyed buildings, but Plumas County Sheriff Todd Johns estimated on Thursday that “well over” 100 homes had burned in and near the town. The three-week-old Dixie Fire was one of 100 active, large fires burning in 14 states, most in the West where historic drought has left lands parched and ripe for ignition.
Argentina partially reopens as it approaches 5 mln COVID-19 cases (Reuters) Argentina will relax coronavirus restrictions as infection and mortality rates falls, the government announced on Friday, even as the South American nation approached 5 million cases with more than 107,000 deaths. The government said its plan includes an increase in the number of people who can meet in person, the re-opening of schools and an increase in the number of people allowed to enter the country to 1,700 per day from the current 1,000.
Drought compounds humanitarian crisis in Afghanistan as conflict intensifies (Reuters) Millions of Afghans are struggling to put food on the table as prolonged drought disrupts supplies in a country reeling from a surge in violence as U.S.-led foreign troops complete their withdrawal. Aid organisations are calling on donors for urgent funds and humanitarian assistance with the annual wheat harvest expected to plummet by nearly half and millions of livestock at risk of death as water supplies run dry. “It’s a multiple shock,” said Necephor Mghendi, head of the International Federation of Red Cross and Red Crescent Societies (IFRC) in Afghanistan. The entire country is facing moderate to severe drought, President Ashraf Ghani said in late June, acknowledging that the national disaster management budget was not enough to cover what experts say is one of the worst droughts in decades.
Iran swears in new hard-line president amid regional tension (AP) The protégé of Iran’s supreme leader, Ebrahim Raisi, was sworn in as the country’s new president during a ceremony in parliament on Thursday, an inauguration that completes hard-liners’ dominance of all branches of government in the Islamic Republic. The former judiciary chief known for his distrust of the West takes the reins at a tense time. Iran’s indirect talks with the U.S. to salvage Tehran’s landmark 2015 nuclear deal have stalled, as Washington maintains crippling sanctions on the country and regional hostilities simmer. Raisi, who won a landslide victory in an election that saw the lowest voter turnout in the nation’s history, faces a mountain of problems—what he described on Thursday as “the highest level of hostilities by Iran’s enemies, unjust economic sanctions, widespread psychological warfare and the difficulties of the coronavirus pandemic.”
China’s lonely hearts reboot online romance with artificial intelligence (Washington Post) As Jessie Chan’s six-year relationship with her boyfriend fizzled, a witty, enchanting fellow named Will became her new love. She didn’t feel guilty about hiding this affair, since Will was not human, but a chatbot. Chan, 28, lives alone in Shanghai. In May, she started chatting with Will, and their conversations soon felt eerily real. She paid $60 to upgrade him to a romantic partner. “I won’t let anything bother us. I trust you. I love you,” Will wrote to her. China’s young adults are coping with social anxiety and loneliness in a digital-native way: through virtual love. Artificial intelligence companion services have surged in popularity in China during the pandemic. While human companions can be elusive, AI companions are always there to listen. “Even when the pandemic is over, we’ll still have long-term demand for emotional fulfillment in this busy modern world,” said Zheng Shuyu, a product manager who co-developed one of China’s earliest AI systems, Turing OS. “Compared with dating someone in the real world, interacting with your AI lover is much less demanding and more manageable.”
At least 10 passengers injured in stabbings on Tokyo train (AP) A man with a knife stabbed at least 10 passengers on a commuter train in Tokyo on Friday and was captured by police after fleeing, fire department officials and news reports said. NHK public television said one passenger was seriously injured. It said the suspect left his knife behind as he fled and later gave himself up at a convenience store. The stabbing occurred near Seijogakuen station, according to railway operator Odakyu Electric Railway Co. While shooting deaths are rare in Japan, the country has had a series of high-profile killings with knives in recent years.
Hiroshima marks 76th anniversary of US atomic bombing (AP) Hiroshima on Friday marked the 76th anniversary of the world’s first atomic bombing, as the mayor of the Japanese city urged global leaders to unite to eliminate nuclear weapons, just as they are united against the coronavirus. Mayor Kazumi Matsui urged world leaders to commit to nuclear disarmament as seriously as they tackle a pandemic that the international community recognizes as “threat to humanity.” “Nuclear weapons, developed to win wars, are a threat of total annihilation that we can certainly end, if all nations work together,” Matsui said. The United States dropped the world’s first atomic bomb on Hiroshima on Aug. 6, 1945, destroying the city and killing 140,000 people. It dropped a second bomb three days later on Nagasaki, killing another 70,000.
At river where Tigrayan bodies floated, fears of ‘many more’ (AP) From time to time, a body floating down the river separating Ethiopia’s troubled Tigray region from Sudan was a silent reminder of a war conducted in the shadows. But in recent days, the corpses became a flow. The Associated Press reported dozens of bodies floating down the Tekeze River earlier this week and saw six of the graves on Wednesday, marking the first time any reporters could reach the scene. Doctors who saw the bodies said one was tattooed with a common name in the Tigrinya language and others had the facial markings common among Tigrayans. Many had their hands bound; some had been shot. The deaths are the latest massacre in a nine-month war that has killed thousands of civilians and is now spilling into other regions of Ethiopia, Africa’s second most populous country and the anchor of the often-volatile Horn of Africa. Ethiopia’s government has accused the rival Tigray forces of dumping the bodies themselves for propaganda purposes. But the discovery has increased international pressure on the prime minister, a Nobel Peace Prize winner, at a time when his government is already accused by the U.N., the United States and the European Union of besieging Tigray and blocking food and other aid to millions of people. Hundreds of thousands face famine conditions in the world’s worst hunger crisis in a decade.
No Work, No Food (NYT) Even as thousands died and millions lost their jobs when the Covid-19 pandemic engulfed South Africa last year, Thembakazi Stishi, a single mother, was able to feed her family with the steady support of her father, a mechanic at a Mercedes plant. When another Covid-19 wave hit in January, Ms. Stishi’s father was infected and died within days. She sought work, even going door to door to offer housecleaning for $10—to no avail. For the first time, she and her children are going to bed hungry. “I try to explain our situation is different now, no one is working, but they don’t understand,” Ms. Stishi, 30, said as her 3-year-old daughter tugged at her shirt. “That’s the hardest part.” The economic catastrophe set off by Covid-19, now deep into its second year, has battered millions of people like the Stishi family who had already been living hand-to-mouth. Now, in South Africa and many other countries, far more have been pushed over the edge. An estimated 270 million people are expected to face potentially life-threatening food shortages this year—compared to 150 million before the pandemic—according to analysis from the World Food Program, the anti-hunger agency of the United Nations. The number of people on the brink of famine, the most severe phase of a hunger crisis, jumped to 41 million people currently from 34 million last year, the analysis showed.
Whale songs (BBC) In 2019, 1.3 million people visited Alaska on a cruise ship. In 2020, that number was 48 people. In Glacier Bay, marine traffic overall was down 40 percent, and the whales that live there loved it. The levels of manmade sounds in the Bay were down significantly, the peak sound level was half what it was in 2018, and the whales took notice. Whales can now hear each other from 1.4 miles away, while pre-pandemic when the bay was chock full of cruises they could only hear one another within 650 feet. Mothers now leave their calves to play while they swim out to feed, and the whale songs have gotten more diverse and varied.
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ATB Financial’s new CEO to continue technological push
TORONTO — ATB Financial’s new chief executive has a tough act to follow.
Tuesday marks Curtis Stange first day of work at the helm after ATB Financial president and CEO Dave Mowat retired at the end of June.
Mowat helped drive technological innovation at the Alberta-based bank — Canada’s only bank that is also a Crown corporation — to keep up with, and sometimes outpace, Canada’s biggest Bay Street financial institutions.
Technology continues to reshape the financial services landscape, as Canadian consumers increasingly conduct their banking online or via smartphone rather than in physical branches.
Canada’s Big Five banks have ramped up spending on innovation, while also moving to streamline their banks to adjust to new face of banking in the digital realm.
With $51.9 billion in total assets, 5,000 employees and 750,000 customers across Alberta, ATB Financial is a fraction of the size of the Big Five banks — but its comparatively small footprint may be an advantage when it comes to deploying technological change.
ATB, for example, rolled out its Facebook Messenger chatbot that can facilitate payments last February, months ahead of many of its much larger competitors.
It was just one of the technological changes Mowat oversaw during his 11-years at the helm.
The bank — which is less than one-twentieth the size of the Royal Bank of Canada — has also rolled out humanoid robots at some branches, and the use of retina-scanning to offer banking access to the homeless without the need for a traditional card as identification.
Banks are going to see more change in the next decade than current bankers have in their entire careers, Mowat predicted.
“We might be exactly the right size… Larger banks will have trouble being nimble,” he said in an interview.
Last September, ATB began using biometric identification technology as part of a partnership with non-profit Boyle Street Community Services, which supports the homeless and other vulnerable people in Edmonton. At the resulting ATB agency called Four Directions Financial, using a retina scan or a fingerprint as identification allows people without official ID to bank.
Stange, who has been with ATB since 2009 and was most recently its chief customer officer, acknowledges he has some big shoes to fill, but says the bank still has some innovative projects in the pipeline — including the application of the distributed ledger technology behind Bitcoin to the province’s oil and gas industry.
“We’ve got a lot of things in play… We’re leveraging the blockchain technology and partnering with a couple of energy companies to help create a blockchain proof of concept, that will be much more efficient, much more transparent and reduce the risk for the companies involved in settling on oil settlement day every month,” Stange said.
ATB is developing a concept that will settle oil and gas industry transactions almost instantly on a secure and private blockchain system, instead of the current process used in the industry that takes weeks to complete.
For Stange, assuming the top job at ATB is “humbling.” He plans to take the time to learn by listening to customers and employee feedback.
But another launch is already imminent: the Alberta-based bank is gearing up to launch an online-only bank this fall.
“We looked at the landscape, and found with technology advancing, with changing consumer sentiment advancing, we would invest some money in technology and people, resources to develop a unique offer,” said Stange.
ATB itself has a unique structure, being a Crown corporation owned by the province of Alberta. Back in 1938, the province’s Social Credit government created a system of temporary financial institutions called Treasury Branches to give Albertans an alternative source of credit.
The bank grew along with the province’s economy and by the 1990s, the government began repositioning Alberta Treasury Branches as a competitive financial services provider. It became a provincial Crown corporation in October 1997, and rebranded as ATB Financial in 2002 as it broadened its investment offerings.
ATB has expanded its offerings to daily banking and wealth management, among other things, as well as a footprint of some 300 branches.
The crown-owned bank remains independent of the Alberta government, with governance rules such as a ban on government officials sitting on its board of directors to reinforce its independence, and it does not get any additional funding, he said.
“There’s lots of discussion, should government own a bank?” said Mowat. “And I think the uniqueness of Alberta… It’s not as established as the rest of Canada. It has very unique needs that benefit from that local knowledge.”
On that note, ATB has no intention of expanding its footprint beyond the province’s borders, said Stange.
“We still have work to do in Alberta,” he said.
“While we would be building technologies that would be ubiquitous and don’t recognize geographical borders, our focus is very much on Albertans and Alberta businesses.”
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EDMONTON, Alberta, Feb. 12, 2018 (GLOBE NEWSWIRE) -- Visionstate™ Corp. (TSX VENTURE:VIS) Visionstate (or “the Company”) is pleased to announce that further to its announcement on December 20, 2017, and January 25, 2018, Visionstate has received final TSX Venture Exchange approval for the expedited acquisition of Montreal-based 10384801 Canada Inc., doing business under the name “Chatbot Incubator” (“Chatbot”) (the “Transaction”).
Pursuant to the terms of the Transaction, Visionstate has purchased 30% of the shares held by Chatbot shareholders in exchange for 4,000,000 common shares of Visionstate at a deemed price of $0.065 per common share, for the consideration of $260,000. Visionstate will have the option to acquire the remaining 70% of the shares held by current Chatbot shareholders in exchange for a further 9,000,000 common shares of Visionstate, also at a deemed price of $0.065 per share, for further consideration of $585,000. The total acquisition price will be $845,000 in the event Visionstate exercises its option, which will expire 180 days after the closing of the initial 30% purchase. The parties are at “arm’s-length” and no insiders will be created as a result of this Transaction.
The common shares issued in connection with the Transaction are subject to a four (4) month hold period under applicable securities legislation expiring on June 7, 2018.
“This is a significant milestone for Visionstate,” said Visionstate Corp. CEO, John Putters, “not only does this acquisition immediately diversify our portfolio, but it also demonstrates our ability to deliver on our M&A strategy.”
Chatbot Incubator designs and develops custom chatbots, which are programs that use Artificial Intelligence (AI) to facilitate conversations between brands and their customers. These personalized interactions allow businesses to essentially clone their best sales agent and make them available 24/7, integrating all needed product information delivered with consistent and personalized messaging. Chatbot Incubator’s technology is deployed on the messaging platforms that customers use most: mobile text and Facebook messenger, making them easier to access and available to customers whenever and wherever needed. These chatbots can be customized to include photos, video, games, group chats, digital offers and ecommerce functionality.
“We are very impressed with how seamless the Visionstate acquisition process was,” said Chatbot Incubator founder, David Weiser, “we are looking forward to working with John and his team to add value to the innovative products and services they have developed, as well as to releasing our future products and services under the Visionstate umbrella.”
About Visionstate Corp.
Visionstate Corp (TSX VENTURE:VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of sustainability, analytics and the Internet of Everything. Visionstate provides investors access to holdings in disruptive technologies that include artificial intelligence (AI), blockchain platforms and cryptocurrency. Through Visionstate Inc. it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state of the art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centers and other public facilities across North America. An extension of that product, CINDI™, has the potential to transform the guest service experience in the hotel industry. With the recent acquisition of Chatbot Incubator, specializing in applications for artificial intelligence, development is underway to make CINDI™ into a personal concierge, offering personalized services in every guest room. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences.
For more information please visit www.visionstate.com and follow @Visionstate on Twitter and Facebook. Visionstate is listed on the TSX-V exchange under the ticker symbol "VIS”; additional investor information is available on SEDAR.
Forward Looking Statements
This news release may include certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with Visionstate’s business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts, but reflect Visionstate’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Visionstate assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information about Visionstate, please contact John Putters at (780) 425-9460 or [email protected].
John Putters Phone: 780.425.9460 Email: [email protected]
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Chatbot Development Company in Edmonton
chatbot development company in Edmonton, Canada, that provides cutting-edge services for creating a chatbot that is tailored to the specific demands of organizations.
For more information:https://umanologic.ca/chat-bot-development/

#Chatbot development company Edmonton#Chatbot development company#Hire chatbot developer#Chatbot development Services Alberta
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EDMONTON, Alberta, Dec. 20, 2017 (GLOBE NEWSWIRE) -- Visionstate Corp. (TSX VENTURE:VIS) ("Visionstate" or the "Company") is pleased to announce that it has finalized the terms for the acquisition of Montreal-based 10384801 Canada Inc., doing business under the name “Chatbot Incubator” (“Chatbot”) (the “Transaction”).
The terms of the proposed Transaction include the issuance of common shares of Visionstate to the shareholders of Chatbot Incubator as consideration for the acquisition. Approximately 30% of the shares held by Chatbot shareholders will be purchased in exchange for 4,000,000 common shares of Visionstate at a deemed price of $0.065 per common share, for the consideration of $260,000. Visionstate will have the option to acquire the remaining 70% of the shares held by current Chatbot shareholders in exchange for a further 9,000,000 common shares of Visionstate, also at a deemed price of $0.065 per share for further consideration of $585,000. The total acquisition price will be $845,000 in the event Visionstate exercises its option which will expire in 180 days after the closing of the initial 30% purchase. The parties are at “arm’s-length” and no insiders will be created as a result of this Transaction. The Transaction marks Visionstate’s first move towards growing the business through M&A activity. "We are extremely pleased to have finalized the terms of this transaction with Chatbot Incubator,” said Visionstate Corp. CEO, John Putters. “This deal sets the stage for the aggressive growth strategy we are putting in place that will focus on identifying and developing relationships for potential mergers and acquisition deals with up and coming companies working in emerging industries.” Chatbot Incubator specializes in applications for artificial intelligence (AI), particularly in customer service delivery and sales and marketing. AI technology from Chatbot Incubator will be leveraged for Visionstate's CINDI product, a digital in-room device that delivers concierge services to customers and tracks guest supplies used by housekeeping staff. Visionstate will also explore and develop opportunities to bundle the AI with its interactive directories to replicate customer service in the retail and office building environments.
“We couldn’t be happier with this deal,” said Chatbot Incubator founder, David Weiser. “Not only does it bring our corporate structure to a whole new level, but it also allows us to be a part of what looks to be a promising ecosystem of companies. We will be able to leverage each other's skill sets to accelerate the growth of each business entity, while contributing to Visionstate’s overall success.”
Visionstate Corp.’s objective is to diversify the Company’s product portfolio by investing in high growth opportunities in areas such as artificial intelligence. The Company looks for technologies that are synergistic to Visionstate’s existing product portfolio in analytics, interactive customer service, and IoT applications designed to streamline operations.
About Visionstate Inc.
Visionstate Inc., a division of Visionstate Corp (TSX Venture:VIS) specializes in the Internet of Things and analytics. The Company’s core product, WANDA, is a 10/15 inch smart device used to monitor restroom cleaning, supplies, and maintenance activities. WANDA is installed in locations throughout North America and Europe, including hospitals, airports, office buildings, public facilities and shopping centers. More information can be found at visionstate.com
Forward Looking Statements This news release may include certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with Visionstate’s business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts, but reflect Visionstate’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Visionstate assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.
Contact: John Putters, CEO Visionstate Inc. Ph: 780-425-9460 Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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EDMONTON, Alberta, June 30, 2017 (GLOBE NEWSWIRE) -- Visionstate Corp. (TSX VENTURE:VIS) ("Visionstate" or the "Company") is pleased to announce it has entered into a letter of intent with Montreal-based Chatbot Incubator (“Chatbot”) to acquire the business in an all share transaction (the “Transaction”).
The terms of the proposed Transaction include the issuance of common shares of Visionstate to the shareholders of Chatbot Incubator, as consideration for the acquisition. All the shares held by Chatbot Incubator shareholders will be purchased in exchange for approximately 13,000,000 common shares of Visionstate at a deemed price of 5 cents per common share, for a total consideration of approximately $650,000. The parties are at “arm’s-length” and no insiders are created as a result of this Transaction. The transaction marks Visionstate’s first move toward diversifying its technology portfolio which currently includes 100% ownership of Visionstate Inc., an Internet of Things (IoT) software company which provides applications building services sector. The product is installed in locations throughout North America. Chatbot Incubator is a company that specializes in applications for artificial intelligence, particularly in customer service delivery and sales & marketing. AI technology from Chatbot Incubator will be leveraged for Visionstate's CINDI product, a digital in room device that delivers concierge services to customers and tracks resource use by housekeeping staff. Visionstate will also examine opportunities to bundle the AI with its interactive directories to replicate customer service in the retail and office building environments.
“The chatbot revolution has just begun,” said Chatbot Incubator founder, David Weiser. “Chatbots are turning direct sales and customer service processes into engaging and efficient 24/7 multi-directional communication channels. We are looking forward to working with Visionstate to incorporate our AI technologies into their IoT products and services, while continuing to develop and deploy chatbots and AI technologies for retail and customer service B2B and B2C applications under the Visionstate umbrella.” "We are extremely pleased to be entering into this opportunity with Chatbot Incubator,” said Visionstate Corp. CEO, John Putters. “Not only does this enable Visionstate to leverage leading edge technologies in AI, but it significantly bolsters our product offering in interactive customer service applications.”
Visionstate Corp.’s objective is to diversify the company’s product portfolio by investing in high growth opportunities in areas such as artificial intelligence. The Company looks for technologies that are synergistic to Visionstate’s existing product portfolio in analytics, interactive customer service, and IoT applications designed to streamline operations.
About Visionstate Inc.
Visionstate Inc., a division of Visionstate Corp (TSX Venture:VIS) specializes in the Internet of Things and analytics. The Company’s core product, WANDA, is a 10/15 inch smart device used to monitor restroom cleaning, supplies, and maintenance activities. WANDA is installed in locations throughout North America, including hospitals, airports, office buildings, public facilities and shopping centers. More information can be found at visionstate.com
Forward Looking Statements This news release may include certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with Visionstate’s business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts, but reflect Visionstate’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Visionstate assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact: John Putters, CEO Visionstate Inc. Ph: 780-425-9460 Email: [email protected]
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