12:15:30 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
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Metaguest.AI Inc
Symbol METG
Shares Issued 62,845,366
Close 2024-04-10 C$ 0.22
Market Cap C$ 13,825,981
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Metaguest.AI's February subscription sales at $77,386

2024-04-15 15:01 ET - News Release

Mr. Antonio Comparelli reports

METAGUEST.AI ANNOUNCES FEBRUARY 2024 SALES GROWTH AND PRIVATE PLACEMENT OF UNITS

Metaguest.AI Inc.'s monthly subscription sales and experience bookings for February, 2024, was $77,386. The per day sales for February 2024 was Metaguest's highest since Metaguest launched its hotel subscription business at the beginning of 2023. Metaguest 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 receives commission revenue on experience sales booked through its partners, Tiqets International and Viator.

The Corporation is also pleased to announce that it has closed a non-brokered private placement offering (the "Offering") of 312,550 units (each a "Unit") for gross proceeds of $93,765 at a price of $0.30 per Unit. Each Unit consists of one common share and one half of one common share purchase warrant (a "Warrant"). Each whole Warrant is exercisable into common shares at a price of $0.50 per Warrant expiring on October 12, 2025. The gross proceeds received by the Corporation will be used for working capital purposes. All securities issued under the Offering are subject to a statutory hold period until August 13, 2024. Since November 2023, the Corporation has closed an aggregate of $403,799 under the terms of the Offering.

For further information, please contact:

Antonio Comparelli, Chief Executive OfficerEmail: tc@metaguest.aiTel: 416-720-8677

Chris Carmichael, Chief Financial OfficerEmail: ccarmichael@metaguest.aiTel: 647-225-4337

About Metaguest.ai Incorporated

Metaguest.ai Incorporated is a cutting-edge technology company that develops advanced AI platforms for the hospitality industry designed to enhance the guest experience. Our flagship products are comprehensive solutions that addresses all aspects of the guest journey, from pre-arrival to post-departure. Features include on-property e-commerce with electronic payments, real-time in-room service management, mobile check-out, 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 web site. By leveraging the platforms, hotels, resorts and short-term rental property owners can improve their operational efficiency, personalize the guest experience, increase revenue and overall customer satisfaction.

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