BEN Terminates Agreement with AFG, Advances AI Initiatives in Automotive and Healthcare Sectors

BEN Terminates Exclusive Reseller Agreement with AFG

Brand Engagement Network Inc. (BEN), a leader in AI-powered customer engagement solutions, has announced the termination of its Exclusive Reseller Agreement with AFG Companies, Inc. (AFG). This decision comes alongside the filing of a lawsuit against AFG and its CEO, Ralph Wright Brewer III, in the Northern District of Texas, Dallas Division 1

1

2

The lawsuit alleges fraudulent misrepresentation, breach of contract, and the concealment of a ransomware attack on AFG's network shortly before the agreement was executed. BEN's CEO, Paul Chang, stated, "We believe AFG's actions significantly disrupted our efforts to modernize dealership operations" 1

1

Impact on BEN's Automotive Initiatives

The agreement, signed in August 2023, was intended to accelerate BEN's entry into the automotive market. However, AFG's failure to provide access to the agreed-upon operational-ready data platform hindered BEN's ability to deliver its AI solutions to dealerships 1

1

2

Despite this setback, BEN is moving forward with its automotive sector plans:

1. Preparing to launch its Automotive AI Agent in 2025
2. Integrating with major automotive data and service platform providers
3. Supporting over 13,000 dealerships nationwide
4. Expanding through pilot programs in the Midwest
5. Strengthening reseller partnerships in Mexico
6. Collaborating with Canadian dealership groups 1

   1

   2

   2

AI Healthcare Solutions Expansion

Parallel to its automotive initiatives, BEN continues to expand its AI healthcare solutions. These are designed to transform patient engagement and streamline communications while adhering to key regulations such as HIPAA, GDPR, SOC 2 Type 1, and CCPA 1

1

2

Related Stories

BEN Partners with INTERVENT and Members Only Health to Enhance Professional Development and Healthcare Access

Brand Engagement Network Secures $55.9 Million in Strategic Funding

Brand Engagement Network Appoints Walid Khiari as New CFO and COO to Drive AI-Powered Growth

Brand Engagement Network Partners with Vybroo and Farmacia Roma for AI-Driven Audio Engagement

BEN's Focus on Trust and Data Security

Walid Khiari, BEN's CFO and COO, emphasized the company's commitment to data security and trust in the automotive industry. He stated, "The termination of this Agreement underscores our zero tolerance for actions that undermine trust" 1

1

Chang assured that BEN's systems, data, and customers were never impacted by the ransomware attack on AFG, as it occurred before any integration would have taken place 1

1

2

About BEN

Brand Engagement Network Inc. is a global leader in AI-powered customer engagement solutions. Headquartered in Jackson, Wyoming, with offices in Seoul, South Korea, BEN provides a secure, scalable AI platform that empowers businesses across various industries, including automotive, healthcare, and customer service 1

1

2

BEN's technology offerings include:

1. AI-powered digital agents
2. Advanced tools for streamlining operations
3. Solutions for enhancing customer experiences
4. Data delivery through SaaS, Private Cloud, and On-Premises technology 1

   1

   2

   2

As BEN moves forward from this setback with AFG, the company remains focused on delivering innovative, safe, and data-driven solutions to meet the evolving needs of its partners in the automotive and healthcare sectors.