Safe Harbor Statement This press release may involve 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 advertisements that are not factually old are, or could possibly be considered, forward-looking advertisements. These forward-looking views are based on safe assumptions and analyzes that we make in light of our experience and our belief in past trends, existing situations and expected long-term developments, as well as other points that we believe are appropriate in the cases and come with announcements related to plans to sell the Company’s property in Lago Vista, and the completion of the transaction will result in the extinguishment of approximately $5,000,000 of debt from the Company’s balance sheet and will generate further non-dilutive monetary proceeds, proceeding the Company’s execution on the previously announced initiative to strategically monetize its real estate holdings, ultimately strengthening the Company’s balance sheet and allowing it to focus on the McLean, Norman Berry and Cumberland Inlet projects, and ultimately confirming the inherent pricing of real estate assets of the company. the sale transaction concluded after a 70-day due diligence and a 30-day upcoming final era and XENE Home Platshape created an all-in-one solution that brings together banks, institutions, developer houses, clients, agents, suppliers and gig staff . and insurers in a fully incorporated and structured system based on AI. atmosphere. Statements included in this press release that are not strictly forward-looking in nature are forward-looking statements. The actual events or effects could possibly differ materially from those projected in any of them due to various points, including the Company’s ability to complete the sale of the Lago Vista property, the Company’s ability to monetize its real estate holdings, the ability of the Company to attract banks, institutions, home developers, clients, agents, vendors, gig staff and insurers to enroll in the Xene Home platform and other points discussed in the Company’s annual report on Form 10-K for the year ended December 31, 2023 and its upcoming filings with the SEC. Readers are cautioned not to place undue reliance on such forward-looking announcements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary note and Safe and Green Development Corporation assumes no legal responsibility to review them. or update this press release to reflect occasions or events after the date hereof.
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