American Marconi Wireless News - Maison Solutions Signs Definitive Agreement to Establish Majority-Controlled AI Technology Platform

Upon completion of the contemplated formation and capitalization, Maison Solutions, through its wholly owned subsidiary AZLL LLC, is expected to own approximately 90.09% of Maison AI, providing the Company with strategic and operational control of the platform. The formation and capitalization of Maison AI, including the parties' entry into a shareholders agreement, remain subject to the satisfaction of customary closing conditions. There can be no assurance that the transaction will be completed on the contemplated terms or timing.

Maison AI is intended to combine Maison Solutions' retail operating experience with existing software assets and AI-enabled technologies. The platform is expected to focus on inventory management, merchandising, procurement, vendor coordination, supply-chain automation, enterprise resource planning, data analytics, AI agents and related software services.

As part of the transaction, Maison Solutions expects to contribute the merchandise-display planning and management system and the supply-chain and business-operation system to Maison AI. These software assets are expected to provide an initial foundation for further integration, development and commercialization.

"The signing of this definitive agreement represents an important step in Maison Solutions' transformation into a more technology-enabled company," said John Xu, Chairman, President and Chief Executive Officer of Maison Solutions.

"Maison AI is designed to bring together our grocery retail experience, existing software capabilities and artificial intelligence within a focused, majority-controlled platform. We believe this structure can help us accelerate technology development, improve operational efficiency and pursue new commercial opportunities."

"Our long-term objective is to build technology that connects business data, AI-driven decision-making and operational execution across grocery retail and supply-chain environments. We believe Maison AI has the potential to strengthen our existing operations while creating a platform for future software licensing, services and strategic partnerships."

Maison Solutions believes grocery retailers, wholesalers and distributors continue to face significant challenges arising from fragmented systems, manual workflows, inventory complexity and limited supply-chain visibility. Maison AI is intended to develop practical technology solutions addressing these operational needs.

The initiative is expected to support Maison Solutions' broader strategy of modernizing its operations, expanding into technology-enabled business models and building new sources of long-term growth.

About Maison Solutions Inc.

Maison Solutions Inc. is a U.S.-based specialty grocery retailer offering traditional Asian food and merchandise, particularly to members of Asian American communities. The Company is committed to providing Asian fresh produce, meat, seafood and other daily necessities in a manner that caters to traditional Asian American family values and cultural norms, while also accounting for the faster-paced lifestyle of younger generations and the diverse makeup of the communities in which the Company operates. The Company's grocery retail operations are located in Southern California and Arizona under the HK Good Fortune and Lee Lee International brands. For more information about Maison Solutions, please visit www.maisonsolutionsinc.com. Follow the Company on LinkedIn and X.

Forward-Looking Statements

This press release contains "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. Forward-looking statements include, but are not limited to, statements regarding the Company's strategy, plans and expectations concerning the integration and use of AI-native capabilities; the potential benefits of technology-enabled workflows for operational visibility, demand planning, inventory management, procurement, supplier communication, store performance, customer service and management decision-making; potential technology development and integration initiatives and strategic collaborations; and other statements that are not historical facts and may address activities, events or developments that the Company intends, expects, projects, plans, believes or anticipates will or may occur in the future. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict, including the possibility that contemplated technologies may not be successfully developed, integrated or commercially deployed; and that any deployed technologies may not produce the anticipated benefits. The Company's actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed under the heading "Risk Factors" in Part I, Item 1A of the Company's most recent Annual Report on Form 10-K and in Part II, Item 1A of the Company's subsequent Quarterly Reports on Form 10-Q, as well as other filings with the Securities and Exchange Commission ("SEC"), copies of which are available at www.sec.gov. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

Investor Relations Contact: Maison Solutions Inc. | Email: [email protected]

SOURCE: Maison Solutions, Inc

View the original press release on ACCESS Newswire

F.Pedersen--AMWN