Metaguest.AI Announces February 2024 Sales Growth and Private Placement of Units

Toronto, Ontario–(Newsfile Corp. – April 15, 2024) – Metaguest.AI Incorporated (CSE: METG) (formerly BnSellit Technology Inc.) (the “Corporation”) is pleased to announce that its monthly subscription sales and experience bookings for February 2024 was $77,386. The per day sales for February 2024 was Metaguest’s highest since Metaguest launched its hotel subscription business at the beginning of 2023. Metaguest earns its revenue through recurring monthly subscription fees, paid by local businesses, which allows guests access to their offerings when visiting a partner hotel. In addition, Metaguest receives commission revenue on experience sales booked through its partners, Tiqets International and Viator.

The Corporation is also pleased to announce that it has closed a non-brokered private placement offering (the “Offering”) of 312,550 units (each a “Unit”) for gross proceeds of $93,765 at a price of $0.30 per Unit. Each Unit consists of one common share and one half of one common share purchase warrant (a “Warrant”). Each whole Warrant is exercisable into common shares at a price of $0.50 per Warrant expiring on October 12, 2025. The gross proceeds received by the Corporation will be used for working capital purposes. All securities issued under the Offering are subject to a statutory hold period until August 13, 2024. Since November 2023, the Corporation has closed an aggregate of $403,799 under the terms of the Offering.

For further information, please contact:

Antonio Comparelli, Chief Executive Officer
Tel: 416-720-8677

Chris Carmichael, Chief Financial Officer
Tel: 647-225-4337

About Incorporated Incorporated is a cutting-edge technology company that develops advanced AI platforms for the hospitality industry designed to enhance the guest experience. Our flagship products are comprehensive solutions that addresses all aspects of the guest journey, from pre-arrival to post-departure. Features include on-property e-commerce with electronic payments, real-time in-room service management, mobile check-out, personalized in-room controls, local experience/event bookings, virtual personal concierge and more. Guests engage in over 16 languages, on any connected device and without the need to download an app or visit a web site. By leveraging the platforms, hotels, resorts and short-term rental property owners can improve their operational efficiency, personalize the guest experience, increase revenue and overall customer satisfaction.

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

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