Generative AI Solutions Corp. Appoints Patrick Gray as New CEO Amid Leadership Transition

Leadership Transition at Generative AI Solutions Corp.

Generative AI Solutions Corp. (GenAI), a pioneering artificial intelligence company, has announced a significant change in its top leadership. Effective January 6, 2025, Patrick Gray has been appointed as the new Chief Executive Officer and director of the company, replacing Ryan Selby, who has resigned from his positions as officer and director 1

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Patrick Gray's Background and Vision

Mr. Gray brings a wealth of experience to his new role. Prior to his appointment as CEO, he served as the Chief Operating Officer of GenAI since December 2023. His background includes founding and presiding over an IT service provider specializing in software development, AI and Data Analytics, software implementation services, public sector automation platforms, and legal technology services 2

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In his statement, Gray expressed enthusiasm about his new position: "I am looking forward to moving into the Chief Executive seat, taking advantage of market conditions to grow the Company's business and using my industry knowledge and contacts to diversify the Company's holdings and business lines to drive shareholder value" 3

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Departure of Ryan Selby

The outgoing CEO, Ryan Selby, expressed confidence in Gray's ability to lead the company forward. "Mr. Gray is the right leader to move the Company through the next stages of its growth, and I am pleased he is in a position to take over and continue to steer the Company through its next strategic phase," Selby stated 1

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Financial Arrangements

As part of Selby's resignation, the board of directors has agreed to convert $145,000 of accrued but unpaid fees into common shares of the company. Additionally, Selby will receive 4,000,000 common shares as a term of his resignation, in accordance with his management services agreement. These shares will be issued at a deemed price of $0.09 per common share and will be subject to a four-month hold 2

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About Generative AI Solutions Corp.

GenAI is focused on developing a vertically integrated AI solutions business through its proprietary MAI Cloud™ platform. The company aims to develop and commercialize AI-powered tools and solutions for businesses and consumers across multiple industries. GenAI's mission is to harness AI technology to create transformative products and services, leveraging expertise in machine learning, natural language processing, and data analytics 3

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Forward-Looking Statements

The company's announcement includes forward-looking statements, highlighting potential risks and uncertainties. These statements are based on assumptions about GenAI's ability to continue as a going concern, develop revenue-generating applications, maintain regulatory approvals, and sustain growth. The company cautions readers about placing undue reliance on these forward-looking statements, as actual results may differ from anticipated outcomes 1

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