MIAMI, Fla, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”) and Majestic World Holdings (“MWH”), a real estate technology firm and owner of the Xene AI Software platform (“XENE Platform”), are pleased to announce the roll out strategy for the Xene platform.

Matthew A. Barstow, Majestic World Holdings, LLC CEO & President, stated, “We are thrilled to announce our collaboration with SGD. Our team has been steadfast in our commitment to pioneering innovative solutions within the real estate sector. The XENE Platform, empowered by state-of-the-art AI technology, is expected to transform the real estate landscape. This innovative platform is designed to facilitate a decentralized and interconnected ecosystem, bringing together a diverse array of participants including banks, financial institutions, home builders, clients, real estate agents, service providers, gig economy workers, and insurance companies. This integration creates a unified, AI-optimized network, streamlining processes and fostering synergies across the real estate value chain. Phase 1 of the launch unveils an innovative, comprehensive REO platform. This platform consolidates every facet of the REO process into a single, integrated portal."

“Our beta launch in late 2023 was a resounding success, attracting nearly 300 licensed real estate agent members in under eight hours. Post-launch, we garnered an impressive waiting list of nearly 500 licensed real estate agents and over 100 active real estate investors. The proposed transaction with SGD, coupled with our established track record and forthcoming technological advancements, positions 2024 as a landmark year for both organizations. We believe we are poised to redefine industry standards, offering time and resource savings that are unprecedented in the realm of real estate. Xene is designed to be Real Estate Reinvented,” concluded Mr. Barstow.

David Villarreal, President & CEO of Safe and Green Development Corporation, stated, “We are extremely happy to announce the nationwide roll out the Xene platform in the coming weeks through a comprehensive sales and marketing program. We believe this partnership is the perfect opportunity for us to accelerate our ambitious plans. Matthew and his team have developed an all-encompassing technology that we feel has already proven itself invaluable in all facets of real estate.”

The XENE Platform, powered by advanced AI technology, has the goal of creating a decentralized real estate marketplace, creating an all-in-one solution that brings banks, institutions, home builders, clients, agents, vendors, gig workers, and insurers into a seamlessly integrated and structured AI-driven environment. This development is expected to significantly save time and resources for all parties involved. The XENE Platform is designed to streamline property transactions and offer a cost-effective alternative to traditional buyers' agent models.

About Safe and Green Development Corporation
Safe and Green Development Corporation is a leading real estate development company. Formed in 2021, it focuses on the development of sites using purpose-built, prefabricated modules built from both wood and steel, sourced from one of Safe & Green Holdings Corp.’s factories operated by Safe & Green Holdings’ SG Echo subsidiary. More information about SG DevCo can be found at www.sgdevco.com.

Safe Harbor Statement
Statements in this press release that are not strictly historical in nature are forward-looking statements. These statements are only predictions based on current information and expectations and include statements regarding the XENE Platform transforming the real estate landscape, the platform facilitating a decentralized and interconnected ecosystem bringing together a diverse array of participants including banks, financial institutions, home builders, clients, real estate agents, service providers, gig economy workers, and insurance companies, the integration creating a unified, AI-optimized network, streamlining processes and fostering synergies across the real estate value chain, being poised to redefine industry standards, Xene offering time and resource savings that are unprecedented in the realm of real estate, implementing a nationwide roll out the Xene platform in the coming weeks through a comprehensive sales and marketing program, the partnership being the perfect opportunity for the Company to accelerate its ambitious plans, the technology having already proven itself invaluable in all facets of real estate and the XENE Platform offering a cost-effective alternative to traditional buyers' agent models. Actual events or results may differ materially from those projected in any of such statements due to various factors, including the Company’s ability to roll out the Xene platform as planned, the ability of the XENE Platform to transform the real estate landscape, the ability of the XENE Platform to bring together a diverse array of participants including banks, financial institutions, home builders, clients, real estate agents, service providers, gig economy workers, and insurance companies, the ability of the integration to create a unified, AI-optimized network, streamlining processes and fostering synergies across the real estate value chain, the ability of the XENE Platform to provide a cost-effective alternative to traditional buyers' agent models and other factors discussed in the Company’s Form 10 registration statement and its subsequent filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement and Safe and Green Development Corporation undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof.

For investor relations and media inquiries, please contact:
Barwicki Investor Relations
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