Significant Milestone as Company Transitions from Development to Revenue Generation.

Roseland, NJ, July 30, 2024 (GLOBE NEWSWIRE) -- Gaxos.ai Inc. ("Gaxos" or the "Company"), a company developing artificial intelligence applications across various sectors, today announced the commercial launch of Gaxos Health and recorded its initial revenue this week.

"We are thrilled to announce the commercial launch of Gaxos Health," said Vadim Mats, CEO of Gaxos. "With the rising demand for personalized health services, we strive to make a significant impact and become a leader in the industry. The launch of this business line is integral to our continued mission of delivering value to our shareholders."
Gaxos Health's mission is to optimize human performance by providing customized health and wellness plans through science and technology. Gaxos Health offers various packages that include biomarker testing, personalized nutrition plans, fitness and lifestyle routines, supplement plans, as well as live coaching. By combining technology with expert insights, Gaxos Health aims to empower individuals to achieve their wellness goals. Gaxos Health will continue to expand its offering through AI-enabled applications as well as other health and wellness services.

About Gaxos.ai Inc.

Gaxos.AI isn't just developing applications; its aim is to redefine the human-AI relationship. Our offerings are being expanded to include health and wellness, as well as gaming. We're committed to addressing health, longevity, and entertainment, through AI solutions.

Forward-Looking Statements

All statements other than statements of historical fact in this announcement are forward-looking statements that involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's filings with the SEC.

Gaxos.ai Inc. Company Contact

Investor Relations
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