VERSES Announces Change of Name to Verses AI Inc.

Rhea-AI Summary

VERSES Technologies Inc. has officially changed its name to Verses AI Inc. effective March 31, 2023, reflecting its focus on artificial intelligence. The company retains its trading symbol 'VERS' on the NEO Exchange. VERSES specializes in cognitive computing and its flagship product, GIA™, serves as an intelligent assistant. Powered by KOSMOS™, a network operating system, GIA™ enhances human and AI collaboration across various domains. This strategic rebranding aims to align the company more closely with its business objectives and market positioning.

Positive

• Name change to Verses AI Inc. aligns with the company's focus on artificial intelligence.
• Retains trading symbol 'VERS' on the NEO Exchange, maintaining market continuity.

Negative

• None.

VANCOUVER, British Columbia, March 31, 2023 (GLOBE NEWSWIRE) -- Vancouver, British Columbia, March 31, 2023 - VERSES Technologies Inc. (the “Company”) (NEO:VERS) (OTCQX:VRSSF) is pleased to announce that further to its March 8, 2023 news release, effective today, March 31, 2023, the Company has changed its name from Verses Technologies Inc. to Verses AI Inc. The new name has been chosen to better reflect the focus of the Company’s business. The Company will keep its trading symbol on the NEO Exchange Inc. “VERS”.

About VERSES

VERSES is a cognitive computing company specializing in next-generation Artificial Intelligence. Modeled after natural systems and the design principles of the human brain and the human experience, VERSES' flagship offering, GIA™, is an Intelligent Assistant for everyone powered by KOSMOS™, a network operating system enabling distributed intelligence. Built on open standards, KOSM transforms disparate data into knowledge models that foster trustworthy collaboration between humans, machines, and AI, across digital and physical domains. Imagine a smarter world that elevates human potential through innovations inspired by nature. Learn more at VERSES, LinkedIn, and Twitter.

On Behalf of the Company

Gabriel René
VERSES Technologies Inc.
Co-Founder & CEO
press@verses.io

Media and Investor Relations Inquiries

Leo Karabelas
Focus Communications
President
info@fcir.ca
416-543-3120

The NEO has not reviewed or approved this press release for the adequacy or accuracy of its contents.

FAQ

What is the new name of VRSSF as of March 31, 2023?

As of March 31, 2023, VRSSF has changed its name to Verses AI Inc.

Why did VERSES Technologies change its name?

The name change to Verses AI Inc. was made to better reflect the company's focus on artificial intelligence.

Will the stock symbol for VERSES change after the name change?

No, the trading symbol will remain 'VERS' on the NEO Exchange.

What is GIA™ provided by Verses AI?

GIA™ is an intelligent assistant powered by KOSMOS™, designed to enhance collaboration between humans and AI.