Artificial Intelligence Technology Solutions Restructures Convertible Debt

Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) is thrilled to announce that it has restructured the vast majority of its debt, which has saved the company a tremendous amount of dilution. Specifically, AITX has restructured over 85% of its convertible debentures into non-convertible notes and warrants. The remaining note holders have not made any conversions in over two years and the company does not anticipate any further conversions prior to restructuring the remaining balance of the debentures. "This announcement is the result of the extraordinary efforts and commitment by the entire RAD team in creating and building a company that we believe will be the breakthrough leader in an emerging multi-billion dollar industry," said Steve Reinharz, President and CEO of RAD and controlling shareholder of AITX. "I thank all of our clients, investors, supporters and fans for their incredible support throughout this journey. Moving forward, you will see additional announcements regarding additional restructuring and additional financing. We are now in a much stronger position to fulfill our mission."