Safe and Green Development Corporation Inks Partnership to Provide Mortgage Services via the Xene Platform Across 49 States in the U.S
MIAMI, FL, May 09, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”) is pleased to announce its partnership with Affiliated Services Group (ASG) to offer mortgage banking related services on its innovative Xene platform across 49 states in the U.S. ASG, an industry leader in mortgage banking services, is bringing its extensive experience and expertise to this venture. By joining forces with SG Devco, ASG is further solidifying its commitment to providing top-notch, sustainable financial solutions to homeowners nationwide. This collaboration will allow both companies to deliver seamless and efficient mortgage services to customers across the United States. David Villarreal, CEO of Safe and Green Development Corporation, expressed his enthusiasm regarding the partnership, stating, “We are incredibly excited about our partnership with ASG and the immense potential it holds. This collaboration will not only expand our reach but also enable us to leverage ASG’s expertise in offering comprehensive mortgage banking services. Together, we intend to revolutionize the industry by delivering safe, sustainable, and customer-centric solutions through our Xene platform.” "We are delighted to integrate the ASG services with the XENE AI real estate platform,” said Tim Walsh, CEO of ASG. Tim added, “We believe we will create a next generation approach to delivering mortgage services on a nationwide basis and create a broader and more efficient platform for real estate professionals and consumers." Tim further explained, "the combined expertise of both enterprises and the innovative Xene AI component will expedite consumer purchases with increased efficiency and cost savings." Through this collaboration, ASG will leverage the Xene platform’s advanced capabilities to streamline mortgage processes and enhance the customer experience. The partnership aims to provide customers with convenience, speed, and security throughout the mortgage application and approval journey. About Safe and Green Development CorporationSafe and Green Development Corporation is a real estate development company. Formed in 2021, it focuses on the development of sites using purpose-built, prefabricated modules built from both wood and steel. The thesis of development is to build strong, innovative and green, single or multifamily projects across all income and asset classes. Additionally, a majority owned subsidiary of SG DevCo, Majestic World Holdings LLC, is a prop-tech company that has created the XENE Home Platform. It is powered by advanced AI technology which aims to decentralize the real estate marketplace, creating an all-in-one solution that brings banks, institutions, home builders, clients, agents, vendors, gig workers, and insurers into a seamlessly integrated and structured AI-driven environment. More information about SG DevCo can be found at www.sgdevco.com. Safe Harbor StatementThis press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances and include statements regarding plans to offer mortgage banking related services through ASG on the Company’s Xene platform across 49 states in the U.S., delivering seamless and efficient mortgage services to customers across all the United States, the potential the partnership with ASG holds, the collaboration expanding the Company’s reach and enabling it to leverage ASG’s expertise in offering comprehensive mortgage banking services, together revolutionizing the industry by delivering safe, sustainable, and customer-centric solutions through the Xene platform, creating a next generation approach to delivering mortgage services on a nationwide basis and creating a broader and more efficient platform for real estate professionals and consumers, the combined expertise of both enterprises and the innovative Xene AI component expediting consumer purchases with increased efficiency and cost savings. ASG leveraging the Xene platform’s advanced capabilities to streamline mortgage processes and enhance the customer experience, the partnership providing customers with convenience, speed, and security throughout the mortgage application and approval journey, and Xene Home creating an all-in-one solution that brings banks, institutions, home builders, clients, agents, vendors, gig workers, and insurers into a seamlessly integrated and structured AI-driven environment. Statements in this press release that are not strictly historical in nature are forward-looking statements. Actual events or results may differ materially from those projected in any of such statements due to various factors, including the Company’s ability to offer mortgage banking related services through ASG on the Company’s Xene platform across 49 states in the U.S., the Company’s ability with ASG to deliver seamless and efficient mortgage services to customers across the United States states, the Company’s ability to expand its reach and leverage ASG’s expertise in offering comprehensive mortgage banking services, the Company’s ability with ASG to revolutionize the industry by delivering safe, sustainable, and customer-centric solutions through the Xene platform, the Company’s ability with ASG to expedite consumer purchases with increased efficiency and cost savings, the Company’s ability with ASG to provide convenience, speed, and security throughout the mortgage application and approval journey, the Company’s ability to attract banks, institutions, home builders, clients, agents, vendors, gig workers, and insurers to join the Xene Home platform, the Company’s ability to monetize its real estate holdings and the other factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 and its subsequent filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement and Safe and Green Development Corporation undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof. For investor relations and media inquiries, please contact: Barwicki Investor [email protected] 516-662-9461
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