Mitesco Expands Growth Strategy with A.I. Platform Development and Acquisition Focus

Mitesco, Inc. has announced an expanded growth strategy that moves beyond organic development to include potential acquisitions and a planned transition to a senior trading exchange. The company reported progress on its "Robo Agent" application, an A.I.-driven sales force automation platform featuring lead-enhancement tools for the financial products industry, with current focus on mortgage and insurance sectors and plans to expand support for financial advisors in retirement planning and personal finance. CEO Mack Leath emphasized the company's primary goal of increasing return on investment for shareholders through these initiatives.

Leath explained the company's approach within its Vero Technology Ventures arm, which focuses on developing enterprise-level software offered exclusively through the company's data centers. The Robo Agent product suite aims to improve sales professional productivity, beginning with residential real estate before advancing to related products including mortgage and home insurance through robust lead enhancement features. This strategy aligns with industry consolidation trends toward greater vertical integration of the home buying process. Prototype versions are currently in testing, with discussions underway for versions targeting other consumer-oriented financial products including health insurance and retirement investments.

Regarding the company's data center growth plans through its Centcore division, Leath noted that software development efforts are intended to fuel expansion by targeting larger, enterprise-level users. Beyond organic growth, the company is actively involved in discussions with investment banking professionals about potential merger candidates. Leath highlighted that while Mitesco is currently a small public company, it can offer benefits similar to special purpose acquisition companies with potentially greater speed and lower costs. The company intends to move to a senior exchange as quickly as possible, with a larger revenue base helping meet listing requirements and potentially providing greater shareholder liquidity.

All outlined initiatives are intended to increase potential return on investment for shareholders, with expectations that the investor base may grow as the company demonstrates potential to become a significant player in the data center business. The company cautions that success cannot be guaranteed and suitable funding may not be available, but remains committed to these objectives. Additional information about the company's filings can be found at https://www.sec.gov.