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Light AI Inc
Symbol ALGO
Shares Issued 117,332,516
Close 2025-01-29 C$ 1.03
Market Cap C$ 120,852,491
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Light AI hires marketing companies

2025-01-29 20:18 ET - News Release

Mr. Peter Whitehead reports

LIGHT AI ANNOUNCES MARKETING AND INVESTOR AWARENESS CAMPAIGN

Light AI Inc. (formerly, Mojave Brands Inc.) has engaged the marketing services of Gold Standard Media LLC, New Era Publishing Inc., Freedom Financial Resources LLC, Senergy Communications Capital Inc., Outside The Box Capital Inc., Capital Gains Media Inc., Entourage Group Inc., Direct To Investor Media LLC (D2I), Emerging Markets Consulting LLC, MIC Market Information & Content Publishing GmbH, Bergskogar Ltd., doing business as Scandinavian Alliance, and Green Stock News LLC (GSN) to provide a comprehensive marketing, market-making and investor awareness campaign. In addition, the company has engaged Independent Trading Group Inc. (ITG) to provide certain market-making services on behalf of the company.

Gold Standard Media

Pursuant to an agreement dated Jan. 14, 2025, the company has engaged Gold Standard Media to provide certain financial publishing and digital marketing services focused on introducing the company to a broader audience. In exchange for providing these services, Gold Standard Media will receive an upfront payment of $200,000 (U.S.). The agreement with Gold Standard Media is for a 90-day term commencing on approximately Jan. 14, 2025. Gold Standard Media has an arm's-length relationship with the company. The company will not issue any securities to Gold Standard Media as compensation for its marketing services.

New Era Publishing

Pursuant to an agreement dated Jan. 14, 2025, the company has engaged New Era to provide certain digital and video marketing services on behalf of the company, including YouTube videos, landing page generation and sponsored advertisements. In exchange for providing these services, New Era will receive an upfront payment of $375,000 (U.S.). The agreement with New Era is for a six-week term commencing on approximately Jan. 14, 2025. New Era has an arm's-length relationship with the company. The company will not issue any securities to New Era as compensation for its marketing services.

Freedom Financial Resources

Pursuant to an agreement dated Jan. 24, 2025, the company has engaged Freedom Financial to provide certain email and digital marketing services on behalf of the company, including, an e-mail marketing campaign. In exchange for providing these services, Freedom Financial will receive an upfront payment of $55,000 (U.S.). The agreement with Freedom Financial is for a 10-day term commencing on approximately Jan. 24, 2025. Freedom Financial has an arm's-length relationship with the company. The company will not issue any securities to Freedom Financial as compensation for its marketing services.

Senergy Communications Capital

Pursuant to an agreement dated Jan. 14, 2025, the company has engaged Senergy to provide certain digital marketing and advertising services for the company, including newsletter advertisements, landing page development and influencer marketing. In exchange for providing these services, Senergy will receive an aggregate payment upfront of $100,000 (Canadian) plus taxes. The agreement with Senergy is for a two-month term commencing on approximately Jan. 14, 2025. Senergy has an arm's-length relationship with the company. The company will not issue any securities to Senergy as compensation for its marketing services. Such agreement with Senergy supersedes and replaces the company's initial marketing agreement with Senergy dated June 13, 2024, and as announced in the company's news release dated June 20, 2024. No services were provided nor fees paid under the original agreement with Senergy.

Outside The Box Capital

Pursuant to an agreement dated Jan. 14, 2025, the company has engaged Outside The Box Capital to provide certain financial publishing and digital marketing services, including influencer videos, e-mail marketing and social media marketing. In exchange for providing these services, Outside The Box Capital will receive a payment of $305,000 (Canadian) plus taxes, payable in two equal instalments. The agreement with Outside The Box Capital a is for a six-month term commencing on approximately Jan. 14, 2025. Outside The Box Capital has an arm's-length relationship with the company. The company will not issue any securities to Outside The Box Capital as compensation for its marketing services. Such agreement with Outside The Box Capital supersedes and replaces the company's initial marketing agreement with Outside The Box Capital dated June 12, 2024, and as announced in the company's news release dated June 20, 2024. No services were provided nor fees paid under the original agreement with Outside The Box Capital.

Capital Gains Media

Pursuant to an agreement dated Jan. 14, 2025, the company has engaged Capital Gains to provide certain digital marketing services, including e-mail and landing page marketing campaigns, content development, strategy and analytics review, and advertising and traffic optimization. In exchange for providing these services, Capital Gains will receive an upfront payment of $50,000 (U.S.) plus taxes. The agreement with Capital Gains is for a 90-day term commencing on approximately Jan. 14, 2025. Capital Gains has an arm's-length relationship with the company. The company will not issue any securities to Capital Gains as compensation for its marketing services.

Entourage Group

Pursuant to an agreement dated Jan. 14, 2025, the company has engaged Entourage to provide certain digital advertising and marketing services focused on introducing the company to a broader audience. In exchange for providing these services, Entourage will receive an upfront payment of $500,000 (U.S.). The agreement with Entourage is for a 2.5-month term commencing on approximately Jan. 14, 2025. Entourage has an arm's-length relationship with the company. The company will not issue any securities to Entourage as compensation for its marketing services.

Direct To Investor Media

Pursuant to an agreement dated Jan. 14, 2025, the company has engaged D2I to provide certain advertising and digital marketing services, including consulting, advertising, media, e-mail and creative services for the purpose of advertising and promoting client and its brand. In exchange for providing these services, D2I will receive an upfront payment of $150,000 (U.S.) (the advertising budget), of which D2I will be entitled to retain a service fee equal to 20 per cent of the advertising budget. The agreement with D2I is for a six-month term commencing on approximately Jan. 14, 2025. D2I has an arm's-length relationship with the company. The company will not issue any securities to D2I as compensation for its marketing services. Such agreement with D2I supersedes and replaces the company's initial marketing agreement with D2I as announced in the company's news release dated June 20, 2024. No services were provided nor fees paid under the original agreement with D2I.

Emerging Markets Consulting

Pursuant to an agreement dated Jan. 14, 2025, the company has engaged Emerging Markets to provide certain digital marketing services, including dissemination of company profiles and corporate information, e-mail marketing, and YouTube influencer videos. In exchange for providing these services, Emerging Markets will receive an upfront payment of $150,000 (U.S.). The agreement with Emerging Markets is for a 12-month term commencing on approximately Jan. 14, 2025. Emerging Markets has an arm's-length relationship with the company. The company will not issue any securities to Emerging Markets as compensation for its marketing services.

MIC Market Information & Content Publishing

Pursuant to an agreement dated Jan. 29, 2025, the company has engaged MIC to provide certain marketing and digital marketing services, including creation of advertorial content, advertising campaigns, keyword optimization and creating landing pages. In exchange for providing these services, MIC will receive an advertising budget of 500,000 euros, of which they will be entitled to retain a service fee equal to 16 per cent of this total advertising budget. The agreement with MIC is for a six-month term commencing on approximately Jan. 29, 2025. MIC has an arm's-length relationship with the company. The company will not issue any securities to MIC as compensation for its marketing services. Such agreement with MIC supersedes and replaces the company's initial marketing agreement with MMG Market Medium GmbH & Co. KG dated June 14, 2024, and as announced in the company's news release dated June 20, 2024, which the parties have agreed to voluntarily cancel. No services were provided nor fees paid under the original agreement with MMG Market Medium.

Bergskogar, doing business as Scandinavian Alliance

Pursuant to an agreement dated Jan. 14, 2025, the company has engaged Scandinavian Alliance to provide certain business development and marketing services. In exchange for providing these services, Scandinavian Alliance will receive an upfront payment of 85,000 euros. The agreement with Scandinavian Alliance is for a 9.5-month term commencing on approximately Jan. 14, 2025. Scandinavian Alliance has an arm's-length relationship with the company. The company will not issue any securities to Scandinavian Alliance as compensation for its marketing services.

Green Stock News

Pursuant to an agreement dated Jan. 24, 2025, the company has engaged GSN to provide certain financial publishing and digital marketing services, including featuring the company in GSN's morning newsletter, video marketing and custom branding services. In exchange for providing these services, GSN will receive an upfront payment of $15,000 (U.S.). The agreement with GSN is for a one-year term commencing on approximately Jan. 24, 2025. GSN has an arm's-length relationship with the company. The company will not issue any securities to GSN as compensation for its marketing services.

Independent Trading Group

Pursuant to an agreement dated Jan. 14, 2025, the company engaged ITG to provide typical market-making services, on a commercially reasonable basis. Pursuant to the terms of the ITG agreement, the company will pay ITG $7,500 (Canadian) per month for an initial one-month term, renewable automatically on a monthly basis. ITG is an arm's-length party to the company.

About Light AI Inc.

Light AI is a health care company focused on developing artificial intelligence health diagnostic applications. Light AI is developing a technology platform that represents the next generation of patient management. It applies AI algorithms to smart phone images, starting with images of strep A, to identify the disease in seconds. Its patented, app-based solution requires no swabs, lab tests or proprietary hardware of any kind; its hardware platform is the 4.5 billion smart phones that exist in the world today.

In pre-FDA (U.S. Food and Drug Administration) validation studies, Light AI's algorithm demonstrated remarkable accuracy in differentiating between viral and bacterial pharyngitis, specifically targeting group A streptococcus (GAS). The algorithm achieved an accuracy rate of over 96 per cent, with an accuracy rate of 97 per cent, which is comparable with the gold standard swab culture currently used for diagnosing GAS. Furthermore, the algorithm attained a negative predictive value (NPV) of 100 per cent, indicating its high reliability in confirming the absence of streptococcus A infection. Viral and GAS pharyngitis affects over 600 million people annually worldwide. If left untreated, GAS pharyngitis can lead to serious complications such as rheumatic heart disease (RHD), which imposes a global economic burden exceeding $1-trillion annually. Light AI's technology offers a significant advancement in the accurate and timely diagnosis of GAS pharyngitis, potentially reducing the incidence of RHD and its associated costs. Light AI's approach to applying AI to smart phone images can be expanded to other throat conditions, as well as other areas of analysis, such as the human eye and skin. Light AI's vision is to combine the smart phone with AI in the cloud to create a digital clinical lab that provides quick and accessible diagnosis for countless conditions that today require expensive and time-consuming imaging or lab processes.

We seek Safe Harbor.

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