GenAI Closes Transaction and Will Begin Trading on the Canadian Securities Exchange at Market Open‎

Generative AI Solutions is pleased to announce that Generative AI Solutions Corp. (formerly Idle Lifestyle  has been granted approval by the Canadian Securities Exchange (the “CSE”)  to begin trading of its Common Shares (the “Listing”) under the symbol “AICO”, and it is expected that trading will begin at the open of markets tomorrow, Wednesday, April 19, 2023. The Listing is the result of the closing of the Company’s business combination with Ultron Capital Corp. (“Ultron”) pursuant to the terms of the business combination agreement (the “Business Combination Agreement”) GenAI is committed to leading the artificial intelligence (“AI”) revolution, transforming the way businesses operate, and driving growth and profitability for consumers and businesses.

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Ryan Selby, CEO, comments “Our team of experts in data science, software engineering, and AI technology is continuously working to develop innovative AI solutions to meet the ever-changing needs of our clients. By leveraging the power of machine learning and deep learning algorithms, our AI solutions can quickly analyze vast amounts of data and provide businesses and consumers with valuable insights to make informed decisions. We have seen tremendous opportunities in providing AI solutions to healthcare, finance, manufacturing, and logistics industries, where we can optimize operations, reduce costs, and increase revenue. Our initial AI solution “Classmate” is geared towards helping students with their studies allowing them to gain increased knowledge in a particular field of study and save time searching for information. As we continue to invest in research and development, we are confident in our ability to remain at the forefront of AI innovation, and we are excited about the opportunities and growth potential that lies ahead for the Company”.

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As previously announced, the Company, Ultron and a wholly owned subsidiary of the Company entered into the Business Combination Agreement on February 16, 2023, under which GenAI acquired all of the issued and outstanding securities of Ultron in exchange for 51,176,001 Common Shares of the Company. The Transaction resulted in a reverse takeover of the Company by Ultron, which constituted a fundamental change of the Company, as defined in the policies of the CSE.

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