Fresh Harvest Products Announces Investment in Artificial Intelligence (AI) Software Development Company
April 30 2015 - 8:21AM
Access Wire
NEW YORK, NY / ACCESSWIRE / April 30, 2015 / Fresh
Harvest Products, Inc. "Fresh Harvest" (OTC:
FRHV) announced today that
the Company has made a small financial investment in a software
development company that specializes in artificial intelligence
(AI). Management cites the Company's latest investment as a
strategic move to increase Fresh Harvest's position as a
technology, SaaS and enterprise software solution provider. The AI
applications developed for Fresh Harvest by its partner will focus
on health and medicine.
President and CEO of Fresh Harvest, Michael Friedman, commented,
"Artificial intelligence is one of the most exciting and fastest
growing segments of the technology industry on a global scale. Our
new partner operates at the leading edge of the AI software market
and is positioned for financial success in our opinion. One of the
primary reasons for this investment was the fact that the medical
applications Fresh Harvest plans to contribute will have a great
impact on the AI industry. We expect to announce several positive
developments regarding this new area of our business moving
forward."
Management of Fresh Harvest believes there is significant growth
potential in the AI market, citing that four of the world's leading
technology companies, Google, Amazon, Facebook and Microsoft have
acquired AI technology companies according to the Bloomberg
Business article, "I'll Be Back: The Return of Artificial
Intelligence." The Company also cited Google's $400 million
acquisition of artificial intelligence company DeepMind in 2014 as
an example of the increase in acquisitions of developers of
artificial intelligence.
About Fresh Harvest Products, Inc.
Fresh Harvest Products, Inc. based in New York City is a
technology solution provider focused on the development of
enterprise software, software as a service (SaaS) and mobile
applications for the health and wellness markets. The Company also
owns Art & Commerce Media, a world-class full-service video and
digital content creator and the Company has invested in The
Story Plant, a media and publishing company. For more information
on ACM, visit www.artcommerce.media and
www.thestoryplant.com.
Safe Harbor Statement
This release includes forward-looking statements, which are
based on certain assumptions and reflects management's current
expectations. These forward-looking statements are subject to a
number of risks and uncertainties that could cause actual results
or events to differ materially from current expectations. Some of
these factors include: general global economic conditions; general
industry and market conditions, sector changes and growth rates;
uncertainty as to whether our strategies and business plans will
yield the expected benefits; increasing competition; availability
and cost of capital; the ability to identify and develop and
achieve commercial success; the level of expenditures necessary to
maintain and improve the quality of services; changes in the
economy; changes in laws and regulations, including codes and
standards, intellectual property rights, and tax matters; or other
matters not anticipated; our ability to secure and maintain
strategic relationships and distribution agreements. The Company
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Contact:
888-959-7095
ir@sealpointconsulting.com
SOURCE: Fresh Harvest Products, Inc.