AI/ML Innovations Engages Octagon Media/Wall Street Reporter for Market Awareness and Announces Stock Option Grant

Rhea-AI Summary

AI/ML Innovations Inc. (CSE:AIML, OTCQB:AIMLF) announced a marketing services agreement with Octagon Media Corp to enhance its digital media presence. The contract, lasting three months, involves monthly payments of US$25,000 and the issuance of 500,000 stock options at CAD$0.20. Additionally, the company granted 800,000 options to management at the same exercise price. Through strategic partnerships and a focus on AI and ML technologies, AI/ML aims to drive growth in the healthcare sector.

Positive

• Engagement with Octagon Media Corp for a digital marketing campaign may increase visibility and investor interest.
• Issuance of 800,000 stock options to management aligns interests, potentially driving performance.
• Focus on strategic partnerships in the healthcare sector may lead to growth opportunities.

Negative

• Monthly payments of US$25,000 to Octagon Media may strain cash flow if not offset by increased revenue.

TORONTO, ON / ACCESSWIRE / May 4, 2022 / AI/ML Innovations Inc. (CSE:AIML)(OTCQB:AIMLF)(FWB:42FB), a company committed to acquiring and advancing Artificial Intelligence/Machine Learning technologies that address urgent societal needs, is pleased to announce that it has engaged Octagon Media Corp in a marketing services agreement to assist with a digital media campaign. Specially, Wall Street Reporter will provide coverage of AI/ML Innovations' news releases and produce video interviews.

The term of the contract is three months. As compensation, Octagon Media Corp. will receive a payment of US$25,000 per month. The Company will also grant Octagon Media Corp incentive stock options to purchase up to 500,000 common shares in the capital of the Company at an exercise price of CAD$0.20 per share, for a 12-month period.

Additionally, the Company has issued a total of 800,000 options pursuant to its incentive stock option plan ("Plan") to management. Each option entitles the holder to subscribe for one common share of the Company for $0.20. The options have an exercise period of 5 years, subject to the terms of the Plan.

About Wall Street Reporter

Wall Street Reporter (Est. 1843) is a leading online, market news provider that brings current news and market insight to investors and gives investors direct access to CEO's of promising, publicly-traded companies. Wall Street Reporter's global investor audience consists primarily of hedge fund managers, investment advisors, analysts, investment bankers, and self-directed individual investors managing over $2 trillion in capital worldwide.

About AI/ML Innovations Inc.

AI/ML Innovations Inc. has realigned its business operations to capitalize on the burgeoning fields of artificial intelligence (AI) and machine learning (ML), with an initial investment focus on emerging digital health and wellbeing companies that leverage AI, ML, cloud computing and digital platforms to drive transformative healthcare management solutions and precision support delivery across the health continuum. Through strategic partnerships with Health Gauge (70% owned by AIML), Tech2Heal (22% ownership commitment by AIML), AI Rx Inc. (70% owned by AIML) and other planned accretive investments, the Company continues to capitalize on expanding growth areas, to the benefit of all the Company's stakeholders. AI/ML's shares are traded on the Canadian Securities Exchange under the symbol "AIML", the OTCQB Venture Market under "AIMLF", and the Frankfurt Stock Exchange under "42FB".

On behalf of the Board of Directors

Tim Daniels, Executive Chairman

For more information about AI/ML Innovations:

For detailed information please see AI/ML's website at https://aiml-innovations.com/ or the Company's filed documents at www.sedar.com.

For further information: Blake Fallis at (778) 405-0882 or info@aiml-innovations.com.

Corporate video: https://www.youtube.com/watch?v=k2QSjo7clXc&feature=youtu.be

Official YouTube Channel: https://www.youtube.com/channel/UCCfOj2P_Fu3TOK6Jl1G9vEQ

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Cautionary and Forward-Looking Statements

Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including but not limited to, the uncertainty of competition by other industry players, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals and the ability to raise additional capital as may be needed in the future. Readers are cautioned that the assumptions used in preparing such information, although considered reasonable at the time of preparation, may prove imprecise and undue reliance should not be placed on forward-looking statements. Forward-looking statements in this press release are expressly qualified by this cautionary statement.

The forward-looking statements in this press release are made as of the date of this press release, and the Company undertakes no obligations to update publicly or to revise any of the included forward-looking statements, whether because of new information, future events or otherwise, except as expressly required by applicable securities law.

SOURCE: AI/ML Innovations Inc.

View source version on accesswire.com:
https://www.accesswire.com/700186/AIML-Innovations-Engages-Octagon-MediaWall-Street-Reporter-for-Market-Awareness-and-Announces-Stock-Option-Grant

FAQ

What is the marketing agreement between AI/ML Innovations and Octagon Media Corp?

AI/ML Innovations has engaged Octagon Media Corp for a three-month marketing services agreement, costing US$25,000 monthly.

What stock options were granted by AI/ML Innovations?

AI/ML Innovations granted 500,000 stock options to Octagon Media and 800,000 options to management at an exercise price of CAD$0.20.

How does AI/ML Innovations plan to grow its business?

AI/ML Innovations aims to grow by focusing on strategic partnerships in AI and ML technologies, primarily in the healthcare field.

What are the potential financial risks for AI/ML Innovations?

The commitment of US$25,000 per month for marketing services could impact cash flow if it does not lead to increased revenue.