Genius Group Limited - GNS STOCK NEWS

Genius Group (NYSE American: GNS) has delivered a nationwide AI technology system to Kazakhstan's Asset Recovery Committee, following a global competition by the Council of Europe. The system, developed by Prime Source, a Genius Group company, connects over 50 government databases to more than 300 external data sources. It aims to identify and recover illegally obtained assets, potentially recouping billions in illegal funds.

The AI system, part of the 'Genius Nation' project, complements a recently completed $22 million contract with Kazakhstan's government. Eugene Sherbinin, CEO of Prime Source, expects the system to be important in recovering illegally acquired assets, including those internationally. According to the 2024 Global Financial Crime Report, over $3 trillion in illicit funds flowed through the global financial system last year. Kazakhstan's Anti-Corruption Agency reported recovering more than $2.2 billion from 2022 to 2024.

Genius Group (NYSE American: GNS), an AI-powered education company, has appointed Riaz Shah, OBE to its Board of Directors. Shah, a Professor of Practice at Hult International Business School, brings over 20 years of experience from Ernst & Young (EY), where he served as Global Learning Leader. His expertise includes preparing 400,000+ employees for the future of work and delivering 24 million hours of learning annually.

Shah's diverse portfolio includes advising executives, working with governments on education initiatives, and hosting tech programs. He was awarded an OBE in 2023 for Services to Education. Genius Group CEO Roger James Hamilton praised Shah's world-class track record in leading learning at scale and his valuable experience in building nationwide initiatives and exponential ecosystems.

Genius Group (NYSE American: GNS) has secured a $22 million 'Genius Nation' contract with the Government of Kazakhstan. The three-year agreement, won by Genius Group subsidiary Prime Source, involves centralizing nationwide database supply and maintenance for Kazakhstan's state bodies, enabling sovereign AI development.

Phase 1 of the contract has been successfully completed, with the project now entering its second phase. This contract follows Genius Group's recent launch of the Genius City AI education and acceleration model in Abu Dhabi. The company sees this as part of its strategy to partner with governments in developing AI-ready economies and views it as a key component of their future growth plan.

Genius Group, a leading AI-powered education company, announced the release of a new equity research report by Diamond Equity Research. The report highlights Genius Group's promising financial performance and strategic initiatives in the global education market.

Key points include a 27% increase in total revenue to $23.1 million in 2023, with a notable 37% rise in education revenue and a 24% growth in the user base to 5.5 million. The company's conversion rate improved significantly from 1.20% to 3.19%.

Strategically, Genius Group has acquired FatBrain AI, merging to expand its AI education offerings, and entered a merger agreement with OpenExO. These moves aim to enhance its AI education network globally. Management reaffirms a $105 million revenue guidance for 2024, and the company's valuation stands at $2.25 per share.

The new report is seen as a tool to increase market awareness and investor visibility.

Genius Group (NYSE American: GNS), an AI-driven education company, will present at the Noble Capital Markets Virtual Equity Conference on June 26-27, 2024. Peter Ritz, the Chief Revenue Officer, will host virtual one-on-one meetings with institutional investors, along with a virtual presentation on June 26, 2024, at 9:00 a.m. Eastern time. Interested investors are invited to register and join the presentation online. The video webcast will be available after the event on the company's website and ChannelChek, where it will be archived for 90 days. For additional information or to arrange a meeting, investors can contact MZ Group at GNS@mzgroup.us.

Genius Group has announced the launch of two Genius Cities in Dubai and Abu Dhabi, UAE, with an AI Ready Workshop on June 25, 2024, at Abu Dhabi University. The workshop will host 100 CEOs, government officials, educators, and students, offering AI training and an AI Roadmap. The initiative aims to make Dubai and Abu Dhabi leaders in AI, following the model previously implemented in Singapore. The Genius City program will feature AI training, tools, and certification courses from Nvidia, Google, and Microsoft, with AI Hubs at Internet City in Dubai and Abu Dhabi University. These efforts align with the UAE's National AI Blueprint.

Genius Group, a leader in AI-powered education, will participate in the MicroCap Rodeo Spring Into Summer Investor Conference on June 6, 2024, in New York, NY.

Executive Director Peter Ritz will host one-on-one meetings with institutional investors and a webcast presentation at 2:30 p.m. Eastern time.

The event includes a live audio webcast and an archive, accessible via the provided link. Registration is mandatory for attendance.

For more information and to schedule meetings, contact MZ Group at GNS@mzgroup.us.

Genius Group, a leading AI-powered education company listed on NYSE American under GNS, released an updated investor presentation at the MicroCap Rodeo Spring Into Summer Investor Conference. The presentation highlighted a $70 million pro forma revenue for 2023, 150% revenue growth, and a 52% gross margin. The company aims to achieve $1 billion revenue and 100 million students through its freemium-to-premium edtech model. Additionally, Genius Group forecasts a 50% revenue growth for 2024, outperforming the 14% industry average. Despite a 'going concern' audit opinion, the company has improved its balance sheet by clearing liabilities and completing successful financing initiatives.

Genius Group, a leading AI-powered education provider, will host a virtual roadshow webinar on Tuesday, June 18, 2024, at 11:00 a.m. Eastern time. During the event, management will present an overview of the company's business model and discuss recent operational and financial milestones. The presentation will be followed by a Q&A session. Attendees can join via dial-in numbers provided or through the webcast link. A replay will be available three hours post-call.