Mr. Antonio Comparelli reports

METAGUEST.AI ANNOUNCES Q4 2023 SALES GROWTH AND SIGNIFICANT JANUARY 2024 SALES GROWTH

Metaguest.AI Inc.'s monthly subscription sales and experience bookings for the fourth quarter of 2023 increased to $138,232, which is a 36-per-cent increase over the third quarter of 2023. Sales for the year ended Dec. 31, 2023, increased to $339,986 as compared with $9,544 for the year ended Dec. 31, 2022. Quarterly sales increased during 2023 from $27,411 in Q1 2023 to $72,945 in Q2 2023 to $101,578 in Q3 2023 and to $138,052 in Q4 2023. Metaguest.AI earns its revenue through recurring monthly subscription fees, paid by local businesses, which allows guests access to their offerings when visiting a partner hotel. In addition, Metaguest.AI receives commission revenue on experience sales booked through its partners, Tiqets International and Viator.

"In 2023, Metaguest underwent a significant transformation, shifting from a conventional technology platform utilizing established development environments to an advanced AI [artificial intelligence] platform that spearheaded our research and fostered groundbreaking innovation. This proprietary innovation proved highly effective in the hospitality sector, evidenced by a substantial revenue surge from April to December, 2023. The positive revenue impact of the Metaguest AI platform persists into January, 2024, and we expect to see continued revenue growth as we expand our hotel portfolio," said Tony Comparelli, chief executive officer.

Metaguest.AI's sales and experience bookings for January, 2024, grew significantly and was its highest month ever at $80,730.

"So far in 2024, we have started to increase our market share in New York and Florida. As we grow the Metaguest team, we look forward to expanding our outreach into key travel destinations in the United States," said Colin Keddy, president.

About Metaguest.AI Inc.

Metaguest.AI is a cutting-edge technology company that develops advanced AI platforms for the hospitality industry designed to enhance the guest experience. The company's flagship products are comprehensive solutions that addresses all aspects of the guest journey, from prearrival to postdeparture. Features include on-property e-commerce with electronic payments, real-time in-room service management, mobile checkout, personalized in-room controls, local experience/event bookings, virtual personal concierge, and more. Guests engage in over 16 languages, on any connected device, and without the need to download an app or visit a website. By leveraging the platforms, hotels, resorts and short-term rental property owners can improve their operational efficiency, personalize the guest experience, and increase revenue and overall customer satisfaction.