$40 Million Transaction: AIBiotics Signs Letter of Intent to Acquire Music AI Innovator DigiTrax Entertainment Including Seven Patents and $9 Million Music Catalog
AIBotics and DigiTrax Entertainment aim to redefine music creation and experience using Artificial Intelligence based algorithms trained in music theory, tapping into the $2.9 billion Global AI in Music marketMIAMI, Jan.29, 2025 (GLOBE NEWSWIRE) -- Mycotopia Therapies Inc., dba AIBotics (OTC: TPIA) and a wholly owned subsidiary of Ehave (OTC: EHVVF), announced today that it has signed a letter of intent (LOI) to acquire 100% of the capital stock of DigiTrax Entertainment Inc.(DigiTrax), an AI-driven leader in innovative music technology solutions in a $40 million transaction that includes seven U.S.patents in music AI, a $9 million music catalog, and licensing agreements with leading publishers.
Forward-looking statements are based on certain assumptions, opinions and estimates of management and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements: (i) the initiation, timing, progress and results of the Company’s research, manufacturing and other development efforts; (ii) the Company’s ability to advance its products to successfully complete development and commercialization; (iii) the manufacturing, development, commercialization, and market acceptance of the Company’s products; (iv) the lack of sufficient funding to finance the product development and business operations; (v) competitive companies and technologies within the Company’s industry and introduction of competing products; (vi) the Company’s ability to establish and maintain corporate collaborations; (vii) loss of key management personnel; (viii) the scope of protection the Company is able to establish and maintain for intellectual property rights covering its products and its ability to operate its business without infringing the intellectual property rights of others; (ix) potential failure to comply with applicable health information privacy and security laws and other state and federal privacy and security laws; and (x) the difficulty of predicting actions of the U.S.
By harnessing the power of artificial intelligence and machine learning, DigiTrax is redefining how music is created, experienced, and interacted with.With seven U.S.patents in music AI, a $9 million music catalog, and partnerships with leading publishers, DigiTrax is poised for substantial growth.
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