TORONTO, May 20, 2024
/PRNewswire/ -- Visionary Holdings Inc. (the "Company") (NASDAQ:
GV), a private education provider with technology of artificial
intelligence and life science on the cutting edge, with
subsidiaries in Canada and market
partners in China, today announced
on May 19, 2024, a signing ceremony
was held at Visionary Tower in Toronto. Visionary Holding Group's CEO, Mr.
Zhong Chen, and Simon Tang, Director of ABB-FG from the United States, signed a cooperation
agreement. Both parties will collaborate to transform and upgrade
Visionary's two buildings located at 95-105 Moatfield Dr,
Toronto, Ontario into the "GV
Digital Technology Building."
ABB-FG will use cutting-edge digital technology and specialized
securitization laws to register various real-world assets (RWA)
with the U.S. Securities and Exchange Commission under Reg. D/S/A+.
These assets will be supported by the most reliable public
blockchain and token platforms and will be listed for uninterrupted
trading on major global digital asset exchanges (ATS). After
digitizing and securitizing the properties at 95-105 Moatfield Dr,
ABB-FG will facilitate their global trading on ATS, significantly
enhancing the value of these properties. This will also rapidly
boost Visionary's own economic growth, advancing Visionary's
industries toward internet-based, digital, and intelligent
operations. The transformation will reduce operational costs,
improve user experience, and increase industry revenue, positioning
Visionary as a pioneer in Canada's
digital economy.
Additionally, Visionary plans to apply for planning approval
from the City of Toronto to
develop the vacant land at 95-105 Moatfield Dr. The plan includes
the construction of three additional buildings, creating a digital
technology complex with a total building area of 1.5 million square
feet, seamlessly integrating five buildings with complementary
functions. This project aims to establish a landmark for
Toronto's digital economy,
contributing to the development of new models for digital economic
growth and industrial upgrading in Canada.
In the context of the Fourth Industrial Revolution, digital
technology will reshape the global economic and industrial
landscape, becoming a strategic high ground for competition among
nations and enterprises. It is a crucial engine for global economic
development and a key accelerator for innovation breakthroughs in
fields such as biotechnology, energy, new materials, and artificial
intelligence. Visionary's future will focus on three core
industries: biotechnology, new energy, and anti-aging products. We
believe that the transformation and upgrading of these real estate
properties will have a significant impact on the development of
Visionary's three core industries.
About Visionary Holdings Inc.
Visionary Holdings Inc. headquartered in Toronto, Canada, a private education provider
with technology of artificial intelligence and life science on the
cutting edge, with subsidiaries in Canada and market partners in China. The Company aims to provide access to
secondary, college, undergraduate and graduate and vocational
education to students in Canada
through technological innovation so that more people can learn,
grow and succeed to their full potential. As a fully integrated
provider of educational programs and services in Canada, the Company has been serving and will
continue to serve both Canadian and international students. For
more information, visit the Company's website at
https://ir.visiongroupca.com/.
Forward-Looking Statements
All statements other than statements of historical fact in this
announcement are forward-looking statements. These forward-looking
statements involve known and unknown risks and uncertainties and
are based on the Company's current expectations and projections
about future events that the Company believes may affect its
financial condition, results of operations, business strategy and
financial needs. Investors can identify these forward-looking
statements by words or phrases such as "believes," "expects,"
"anticipates," "estimates," "intends," "would," "continue,"
"should," "may," or similar expressions. The Company undertakes no
obligation to update or revise publicly any forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results and encourages investors to
review other factors that may affect its future results in the
Company's registration statement and in its other filings with the
SEC.
For more information, please contact:
Visionary Holdings Inc.
Investor Relations Department
Email: ir@farvision.ca
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SOURCE Visionary Holdings Inc.