TORONTO, June 14,
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 the Company's CEO Mr.
Zhong Chen' letter to the
public.
Due to the impact of the post-pandemic period and the increase
in bank interest rates, the global economy has become more
sluggish, presenting the Company with unprecedented challenges.
Additionally, the pressure on the Company's operations and
development has multiplied. In pursuit of greater development, the
Company has kept pace with the times by promptly adjusting its
strategy and actively recruiting outstanding talent. It has
successfully transitioned into the artificial intelligence and
high-tech industries, forming a new leadership team with Mr.
Zhong Chen as the CEO. Under the
leadership of the new team, the Company has achieved remarkable
results in a short period. Not only has it successfully regains
compliance with Nasdaq minimum bid price requirement, but it has
also significantly tapped into and developed internal resources.
The Company is upgrading and renovating its four properties located
at #95-105 105 Moatfield Dr, Toronto,
Ontario, Canada, M3B 0A2 and #200-260 Town Centre,
Markham, ON L3R 8H8. By taking
full advantage of favorable current Canadian policies, specifically
the surplus of commercial real estate and the shortage of mixed-use
and high-end apartments, the company plans to submit renovation
proposals to the government to convert #200-260 Town Centre,
Markham, ON L3R 8H8 and #95-105
Moatfield Dr, Toronto, Ontario,
Canada, M3B 0A2 into mixed-use and high-end residential
apartments. This is expected to increase their value by over 700%,
generating more than US$2.1 billion
in revenue and US$500 million in
profit over the next five years.
The new leadership team is committed to innovation and change,
actively responding to market changes, and always prioritizing the
interests of shareholders and the Company. To better develop the
property at #95-105 Moatfield Dr, Toronto, Ontario, Canada, M3B 0A2 the Company
plans to file F3 to rapidly drive the growth of the new business,
thereby creating greater value for shareholders and society. As the
CEO of the Company, I am fully aware of the significant
responsibilities I bear.
In the future, we will continue to uphold the corporate spirit
of "vision and foresight," continuously enhancing our technological
innovation capabilities and expanding our market presence. We will
also place greater emphasis on corporate social responsibility. We
believe that only by simultaneously achieving company value growth
and actively giving back to society can we truly realize
sustainable development.
About Visionary Holdings Inc.
Visionary Holdings Inc. headquartered in Toronto, Canada, is a private education
provider located in Canada, with
subsidiaries in Canada and market
partners in China, that offers
high-quality education resources to students around the globe. 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.