$AITX CEO Shares Remarkable Company Achievements in Weekend Update

Table of Contents

1. Introduction
2. Sales and Profits
3. Cost Reductions
4. Debt Extension
5. Audience Growth
6. Potential TV Opportunity
7. Filing an S1
8. Conclusion

Sales and Profits

The success of a business is often measured by its sales and profits. In our case, I am thrilled to share that we have experienced significant growth in both areas. While I won't bore you with the exact numbers, I can confidently say that our sales have skyrocketed, and our profits have followed suit. This is a testament to the hard work and dedication of our team.

One might assume that as sales increase, costs would also rise. However, we have managed to buck that trend. Our company has focused on reducing costs while simultaneously boosting sales. This is an accomplishment we should all be proud of. It shows that we are not only capable of driving revenue but also managing our expenses effectively. Cheers to us for achieving such remarkable results!

Pros:

• Impressive sales growth
• Increased profitability
• Ability to decrease costs while increasing sales

Cons:

• None

Cost Reductions

In any business, keeping costs under control is crucial for long-term success. While it may seem like a daunting task, we have managed to achieve cost reductions while still driving sales growth. This is a significant achievement and sets us apart from many other companies in the industry. By implementing efficient strategies and closely monitoring expenses, we have been able to streamline operations and improve our profit margins.

Consistently reducing costs while maintaining or increasing sales is not an easy feat. It requires a keen eye for identifying areas of improvement, as well as a collaborative effort from every department. I want to commend our team for their dedication and hard work in making this possible. Our ability to decrease costs demonstrates our commitment to long-term financial stability and sustainability.

Pros:

• Improved profit margins
• Streamlined operations
• Long-term financial stability

Cons:

• None

Debt Extension

Debt is often seen as a burden for businesses, but in our case, it has proven to be a blessing in disguise. We are fortunate to have a supportive debt holder who not only believes in our business but has also invested $30 million in cash to help us thrive. Additionally, this individual extended the debt, providing us with an additional two years to repay it.

Typically, when a debt holder extends the term, they expect something in return, such as increased interest rates or additional collateral. However, our situation is unique because our lender extended the debt without requiring any consideration. This gesture of support and belief in our business is truly remarkable and Speaks volumes about the strong relationship we have cultivated.

Pros:

• $30 million cash investment from a supportive debt holder
• Debt extension without any consideration required

Cons:

• None

Audience Growth

As a company, we place great importance on building and expanding our audience. I am delighted to share that our efforts have paid off, as we are about to reach significant milestones in terms of subscribers. We are on the verge of crossing 50,000 email subscribers and have nearly reached 6,500 YouTube subscribers.

These numbers are a testament to the value we provide and the interest our audience has in our content. I want to take a moment to thank each and every subscriber for their support. You are the reason we continue to strive for excellence and deliver content that resonates with you. I also want to encourage all of you to spread the WORD and help us reach even more people who can benefit from our offerings.

Pros:

• Rapidly growing email and YouTube subscriber base
• Increasing awareness in the marketplace

Cons:

• None

Potential TV Opportunity

I am thrilled to announce that we are on the brink of signing a contract with a major TV network. This exciting development will see our robotic dogs, known as "rad dogs," making appearances on a popular police drama that draws millions of viewers per episode. As part of the agreement, the Red Brand will be prominently displayed on the dogs, providing us with invaluable exposure.

While we do not typically pay for such opportunities, this partnership will solidify our relationship with the production company. Furthermore, we anticipate that it will open doors for future collaborations and bring us closer to realizing a long-standing dream. With this breakthrough, we will have the chance to showcase the potential of our industry and further engage our investors.

Pros:

• Securing a contract with a major TV network
• Opportunity for increased exposure and investor engagement

Cons:

• None

Filing an S1

On Friday, we filed an S1 document, which has caused some confusion among our stakeholders. To clarify, this filing is necessary due to our company's authorized 10 billion shares. The intent behind this filing was to ensure that we have the flexibility to utilize the remaining shares as originally intended. It is a precautionary measure and should not be perceived as anything new or concerning.

As a company, we always strive for transparency and integrity in our operations. We will continue to keep our shareholders informed and updated on any significant developments or regulatory requirements that may arise. Rest assured, our primary focus remains on achieving operational positive cash flow and delivering value to our stakeholders.

Pros:

• Ensuring flexibility in utilizing authorized shares
• Commitment to transparency and shareholder communication

Cons:

• None

Conclusion

In conclusion, our business continues to thrive and achieve remarkable milestones. The impressive sales and profit growth, coupled with cost reductions, showcase our ability to navigate the market successfully. We are grateful for the support of our debt holder and the opportunity to extend the debt without additional considerations. The expansion of our audience and the potential TV opportunity further reinforce the positive trajectory of our company. With diligent filing practices and a commitment to transparency, we remain focused on operational positive cash flow. Thank you all for your unwavering support as we continue on this exciting journey together.

Highlights

• Sales and profits have experienced significant growth.
• Costs have been reduced while sales have increased.
• A supportive debt holder has invested $30 million in our business and extended the debt.
• Our audience is rapidly expanding, with 50,000 email subscribers and 6,500 YouTube subscribers.
• We are on the verge of signing a contract with a major TV network for our rad dogs.
• Filing an S1 document was necessary to utilize our authorized shares.
• Our commitment to transparency and shareholder communication remains unwavering.

FAQ

Q: How significant is the increase in sales and profits? A: While exact numbers were not mentioned, the article emphasizes that sales have skyrocketed and profits have increased significantly, both of which are considered remarkable achievements.

Q: Is it common for a debt holder to extend debt without any consideration? A: No, it is not common. However, the article highlights the extraordinary support and belief in the business demonstrated by the debt holder, who extended the debt without requiring any additional terms or considerations.

Q: What benefits will the TV opportunity bring to the company? A: The TV opportunity will provide valuable exposure for the company, as the Red Brand will be prominently displayed on the robotic dogs featured in a popular police drama. Additionally, it solidifies the relationship with the production company and may lead to further collaborations and opportunities.

Q: Why was the S1 filing necessary? A: The S1 filing was necessary to ensure the company has the flexibility to utilize the authorized shares. It was done as a precautionary measure to be able to access additional shares if needed in the future.