Resgreen Group International’s (OTCMKTS:RGGI) stock consolidates after a recent correction.

There were a number of companies that came into focus among investors on Tuesday and one of those was Resgreen Group International Inc. (OTCMKTS:RGGI), which made a major new announcement. It may be a good idea for investors to take a closer look at it before the opening of the markets today.

The company, which is a leading player in the software solutions and mobile robot space, unveiled an artificial intelligence-powered chatbot for the purpose of making communications with its investors more streamlined. In its news release, Resgreen Group revealed that the chatbot had been developed in-house and that its aim would be to provide its growing cohort of investors with fast answers about a number of things.

The Chief Executive Officer of the company, Parsh Patel, spoke about the latest offering as well. He noted that the company was not only committed to deploying cutting-edge modern technology in its products but in its communication tools with investors as well. He went on to note that the chatbot would not only provide answers to investors around the clock but also deliver answers in multiple languages so as to serve the diverse user base of Resgreen Group.

The chatbot was created through the deployment of natural language processing and improves with more interactions, thereby providing accurate answers to visitors to the website on time. The company, which is also working on listing on a larger exchange, noted in its news release that it planned to introduce customer service and sales chatbots to further boost the user experience on its website.

On August 14, the company hit the news cycle after it announced its financial results for the second fiscal quarter that ended on June 30, 2023. Resgreen Group revealed that it had made a gross profit to the tune of $180,364 for the quarter, and that reflected a year-on-year rise of a staggering 973% from the $16,803 that it had reported in the corresponding quarter in 2022. The company also revealed that the gross revenues in the quarter had been generated against a total of $458,800 in outstanding contracts.

At the time, the CEO of the company, Parsh Patel, noted that the company had been successful in delivering strong revenue growth owing to contracts that had been signed with a number of new customers. Additionally, the development of cutting-edge products had an effect too since it helped the company widen its offerings and boost revenues, Patel added.

The CEO also stated that Resgreen Group was going to continue to focus on introducing the latest technology and the highest level of services to its clients. The company also remained committed to delivering on the long-term interests of its investors. In the same news release, the company also revealed that in May 2023, it would also launch the bidirectional product BigBuddy, which is described as one of the most robust AGVs in the entire industry.

Ian Leigh

Ian Leigh is a specialist in analyzing stocks, SEC and OTC filings, and financials of public and privately-held companies. He has played a significant role in M&A activity, consulting with publicly-held firms on acquisitions and divestitures. He also consults on valuations and branding. He lectures at major universities and teaches at specialty financial schools.