SEATTLE, WA -- February 28, 2024 -- InvestorsHub
NewsWire -- 1606 Corp. (OTC
Pink:CBDW) (the "Company"), a technology company focused on
Conversational AI applications for e-commerce, is pleased to
present investors with a summary of Company accomplishments in
February, and an outlook for March.
The state of the market.
In a digital era where nearly 90% of individuals have interacted
with chatbots, these AI-driven assistants are revolutionizing
communication for 1.5 billion users worldwide. With 22% of
micro-businesses and 23% of customer service companies adopting
chatbots, the preference for instant, AI-powered assistance over
waiting for human agents is clear, with 62% of consumers favoring
chatbot conversation, According to colorlib.com This surge in
chatbot usage marks a significant shift in both consumer behavior
and business operations which bodes extremely well for CBDW as the
company moves forward.
Accomplishments in February
Strategic Partnerships: 1606 Corp.
announced a strategic partnership with Flex Payment Solutions,
aimed at enhancing its commitment to innovative solutions for CBD
businesses and cannabis brands. This partnership is expected to
streamline transactions, improve customer experiences, and foster
growth in the CBD industry.
Marketing Campaigns: The Company launched
a new marketing campaign in collaboration with its newest ISO,
Cannasite. This campaign involved email and calls to Cannasite's
300+ client base which commenced in early February. Following the
successful December CBD Merchant marketing campaign in partnership
with Cool Blue Distribution, 1606 Corp. expressed optimism about
the results of this second major marketing campaign since the
launch of ChatCBDW.
Pilot Program Success: 1606 Corp. reported
exciting results from its pilot program in December, which sold out
its limited seat pilot program. The Company has since transitioned
to its standard pricing model, indicating a promising start to its
commercial operations
Focus on AI-driven Chatbots: Throughout
February, 1606 Corp. continued to focus on its AI-driven
conversational merchandising chatbots, particularly targeting the
CBD market. With a commitment to providing innovative solutions for
online brands across multiple verticals in 2024, the Company aims
to leverage AI technology to enhance customer experiences and drive
sales with its proprietary product recommendation engine, unlike
anything else in the Chatbot space to date.
Investor Interest: The Company's strategic
partnerships, successful marketing campaigns, and focus on AI
technology have garnered interest from investors. With its
innovative approach to e-commerce and demonstrated success in the
CBD industry, 1606 Corp. has positioned itself as a potential
investment opportunity for those interested in the rapidly evolving
AI-driven market landscape.
Overall, February has been a month of strategic expansion and
commercialization for 1606 Corp., with a focus on leveraging
partnerships, marketing initiatives, and innovative technology to
drive growth in the CBD and e-commerce sectors.
Outlook for March
Growth Through ISO Partners:
-
Expansion of partnerships with ISOs to increase market
penetration and customer acquisition.
-
Collaborating with ISOs to leverage their networks and reach new
clients, driving revenue growth.
New Product Development:
-
Focus on developing innovative solutions to meet evolving market
demands.
-
Research and development efforts aimed at introducing
cutting-edge features and functionalities to enhance our product
offerings.
Advancing Existing Technology:
-
Dedicated focus on refining and optimizing our proprietary
product recommendation engine.
-
Utilizing advanced algorithms and machine learning techniques to
enhance the accuracy and effectiveness of product
recommendations.
Maintaining Competitive Pace:
-
Commitment to staying ahead of larger competitors by maintaining
agility and flexibility in our development processes.
-
Rapid iteration and deployment of updates to ensure that our
technology remains at the forefront of the industry.
Differentiation Through Unique Technology:
-
Highlighting the exclusivity of our product recommendation
engine as a key differentiator in the market.
-
Leveraging the advanced capabilities of our technology to
provide personalized and tailored experiences for users, setting us
apart from competitors.
In summary, March will see 1606 Corp. focusing on growth through
strategic partnerships, innovation in product development, and the
continued advancement of our technology. By staying agile and
leveraging our unique technological capabilities, we aim to
maintain a competitive edge in the AI chatbot development
industry.
About 1606 Corp
1606 Corp. is a leading force in technological innovation,
specializing in the development of advanced solutions for online
retail. Our mission is to revolutionize customer service and
enhance the digital shopping experience by addressing the
challenges faced by consumers in today's marketplace. We are
committed to driving industry advancement through cutting-edge
AI-centric solutions, ensuring seamless and efficient interactions
for both businesses and customers.
As a forward-thinking enterprise, 1606 Corp. empowers businesses
with sophisticated tools to thrive in the competitive digital
landscape. Our unwavering dedication to innovation and excellence
positions us as a trailblazer in the industry, driving progress and
setting new standards for success and customer satisfaction.
Industry Information
The global artificial intelligence market has seen remarkable
growth, valued at $428 billion in 2022 and projected to reach $2.25
trillion by 2030. With a compound annual growth rate (CAGR) ranging
from 33.2% to 38.1%, AI's global impact is undeniable, with as many
as 97 million individuals expected to work in the AI sector by
2025, according to fortunebusinessinsights.com
Forward-Looking Statements
This press release includes statements that may be deemed to be
"forward-looking statements" under federal securities laws, and we
intend that such forward-looking statements be subject to the
safe-harbor created thereby. To the extent that the information
presented in this press release discusses financial projections,
information, or expectations about our business plans, results of
operations, products or markets, or otherwise makes statements
about future events, such statements are forward-looking. Such
forward-looking statements can be identified by the use of words
such as "should", "may," "intends," "anticipates," "believes,"
"estimates," "projects," "forecasts," "expects," "plans," and
"proposes." Specific forward-looking statements in this press
release include, among others, statements regarding the expected
trading of our shares on The Nasdaq Capital Market, the expected
closing of the offering, and the intended use of the net proceeds
of the offering. Although we believe that the expectations
reflected in these forward-looking statements are based on
reasonable assumptions, there are a number of risks and
uncertainties that could cause actual results to differ materially
and adversely from such forward-looking statements. You are urged
to carefully review and consider any cautionary statements and
other disclosures, including the statements made under the heading
"Risk Factors" in the prospectus included in the Registration
Statement and elsewhere in documents that we file from time to time
with the SEC. Forward-looking statements speak only as of the date
of the document in which they are contained, and 1606 Corp. does
not undertake any duty to update any forward-looking statements
except as may be required by law. References and links to websites
have been provided as a convenience, and the information contained
on such websites is not incorporated by reference into this press
release.
Contact: Greg Lambrecht greg@1606corp.com (855)
203-3318
SOURCE: 1606 Corp.
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