GenAI Appoints Patrick Gray as CEO: A New Era of AI Innovation

Generative AI Solutions Corp. (GenAI), a pioneering artificial intelligence company, has announced a significant change in management with the appointment of Patrick Gray as the new Chief Executive Officer (CEO) and a director of the Company, effective January 6, 2025. Mr. Gray succeeds Ryan Selby, who has resigned from his position as an officer and director of the Company.

Mr. Gray brings a wealth of experience in AI and IT services to his new role at GenAI. As the President and Founder of an IT service provider specializing in software development, AI and Data Analytics, software implementation services, public sector automation platforms, and legal technology services, Mr. Gray has extensive expertise in utilizing Artificial Intelligence (AI) and Machine Learning (ML) to enhance document and data management capabilities. His appointment is a testament to GenAI's commitment to driving innovation and growth in the AI solutions business.

In his new role, Mr. Gray aims to take advantage of market conditions to grow the Company's business and use his industry knowledge and contacts to diversify the Company's holdings and business lines to drive shareholder value. This strategic vision aligns with GenAI's mission to harness the power of AI to create transformative products and services that benefit business and consumers across various sectors.

The appointment of Mr. Gray as CEO comes at a critical juncture for GenAI, as the company seeks to capitalize on the growing demand for AI solutions and expand its offerings in the market. With his deep understanding of AI and IT services, Mr. Gray is well-positioned to lead GenAI through the next stages of its growth and steer the Company through its next strategic phase.



As part of the transition, the board of directors has agreed to convert $145,000 of accrued but unpaid fees owing to Mr. Selby into common shares of the Company, and to further issue to Mr. Selby 4,000,000 common shares as a term of his resignation. The Accrual Shares and the Termination Shares will be issued at a deemed price of $0.09 per common share and will be subject to a four-month hold. This conversion and issuance of shares may impact GenAI's cash flow and financial stability, as well as the earnings per share and overall shareholder value. However, the company's strategic focus on growth and innovation under Mr. Gray's leadership is expected to offset any potential negative effects.

In conclusion, the appointment of Patrick Gray as the new CEO of Generative AI Solutions Corp. marks a significant milestone in the company's journey towards becoming a leading provider of AI solutions. With his extensive experience in AI and IT services, Mr. Gray is well-equipped to drive innovation and growth at GenAI, ultimately benefiting both the company and its shareholders. As the company continues to expand its offerings and capitalize on market opportunities, investors can look forward to a new era of AI innovation under Mr. Gray's leadership.