Safe and Green Development Corp To Roll Out Xene Platform March 27th, 2024
22 Febbraio 2024 - 3:00PM
Safe and Green Development Corporation (NASDAQ: SGD), also known as
SG Devco, is pleased to announce the expedited development and
imminent launch of the Xene Home platform, following the
acquisition of Majestic World Holdings on February 8th, 2024.
Xene Home, set to be fully operational by March 27th, is
designed to significantly enhance the buying, selling, and
investing experience in real estate. By prioritizing the consumer's
needs, Xene Home will empowers users to steer their real estate
transactions to their advantage, saving them money and providing an
efficient and beneficial process for all parties involved.
The platform will initially offer comprehensive services to
institutions managing REO (Real Estate Owned) Default Portfolios.
The platform is expected to provide such institutions access to an
extensive network of property preservation experts and eviction
attorneys. Leveraging the advanced AI technology developed by Xene,
the platform is uniquely equipped to handle a high volume of REO
listings, facilitating a quick and efficient market presence and
sales process for properties.
The main potential revenue stream are the SAAS (Software as a
service) memberships that Xene home will offer as detailed
below:
For real estate investors, Xene Home introduces an exclusive
membership model. Priced at $249 per month, this membership grants
early access to listings including bank owned properties before
they hit the market.
Realtors can join the platform with a recurring membership of
$65 per month, utilizing their existing brokerage license without
moving their license to a new company. This membership offers
access to valuable tools, traditional real estate leads and
exclusive listings, enhancing their capacity to serve clients
effectively. There are an estimated 2,000,000 or more licensed real
estate agents in the United States.
In addition, the Xene home also is expected to generate revenues
through agent listing referrals. Xene will serve as the referring
brokerage on all listings and leads distributed in every membership
category and is expected to average $4,400 per deal in referral
fees.
The third potential revenue stream for the platform is secondary
services that form a part of all real estate transactions today.
Examples of this include home warranty, home insurance, title and
mortgage services. Xene home will look to offer these services as
the platform continues to be developed.
SG Devco will continue to provide updates on the progress and
features of the Xene Home platform, as we remain committed to
innovating and elevating the real estate experience for consumers
and professionals alike.
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 potential revenue streams from the Xene
platform, imminent launch of the Xene platform on March 27th, Xene
platform being designed to significantly enhance the buying,
selling, and investing experience in real estate, the Xene
Home empowering users to steer their real estate transactions to
their advantage, saving consumers money and providing an efficient
and beneficial process for all parties involved, the platform
initially offering comprehensive services to institutions managing
REO, the platform being expected to provide access to an extensive
network of property preservation experts and eviction attorney, the
platform being uniquely equipped to handle a high volume of REO
listings, facilitating a quick and efficient market presence and
sales process for properties, Xene serving as the referring
brokerage on all listings and leads distributed in every membership
category and averaging $4400 per deal in referral fees, and
the platform being set to make a substantial impact on the
industry, Xene being expected to generate revenues from SAAS
memberships, agent listing referrals and secondary services, and
Xene looking to offer secondary services , such as home warranty,
home insurance, title and mortgage services . 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 save consumers money and saving time for all
parties involved, the ability of the XENE Platform to facilitate a
quicker and more efficient market presence and sales process for
properties, the ability of Xene to generate revenues from SAAS
memberships, agent listing referrals and secondary services 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 Andrew@Barwicki.com
516-662-9461
- Xene Potential Revenue Streams
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