TEN Holdings partners with V-Cube to add AI to services

LANGHORNE, Pa. - TEN Holdings, Inc. (NASDAQ: XHLD), a company specializing in event planning, production, and broadcasting, today announced a new partnership with its controlling shareholder V-Cube Inc., which will enable the integration of conversational artificial intelligence (AI) solutions into its service offerings. The announcement comes as the company’s stock has shown remarkable momentum, with InvestingPro data showing a 182% return over the past week.

The addition of AI technology is expected to enhance the virtual event experience for TEN Holdings’ clients by providing personalized interactions and generating insights into attendee behavior. The move aims to help event companies scale their operations more efficiently and reduce costs through the use of AI automation. With a market capitalization of $38.3 million and an impressive gross profit margin of 79.34%, the company maintains strong operational efficiency despite current challenges.

Randy Jones, CEO of TEN Holdings, emphasized the company’s commitment to adopting advanced solutions, stating, "By now offering conversational AI solutions, we believe we can elevate the virtual event experience while empowering event companies to scale more effectively and make data-driven decisions."

TEN Holdings, headquartered in Pennsylvania, is known for producing a range of events, including virtual, hybrid, and physical gatherings. These services are supported by the company’s proprietary Xyvid Pro Platform, which offers planning, production, and broadcasting services, as well as continuing education services.

The announcement of this partnership aligns with V-Cube’s mission to provide equal opportunity and facilitate communication without the barriers of time and distance. V-Cube seeks to address social issues such as demographic challenges, long working hours, and disparities in education and healthcare through visual communication technology.

The press release includes forward-looking statements, which are subject to various risks and uncertainties, including market conditions and other factors detailed in the "Risk Factors" section of the company’s SEC filings. Investors are advised to exercise caution and not to place undue reliance on these forward-looking statements.

This strategic move by TEN Holdings, Inc. is based on a press release statement and aims to position the company at the forefront of technological integration in the event services industry. While InvestingPro analysis indicates the company currently shows weak financial health, analysts predict profitability in the current year. For deeper insights into TEN Holdings’ financial metrics and 11 additional exclusive ProTips, consider exploring InvestingPro’s comprehensive analysis platform.

In other recent news, TEN Holdings, Inc. has announced a stock repurchase program authorized by its board of directors. The company plans to buy back up to $1 million of its outstanding common stock, with the initiative already in effect. This move is aimed at enhancing shareholder value and maintaining a flexible capital strategy. The repurchases will be conducted based on market conditions and legal requirements, with funding sourced from the company’s cash flow. CEO Randolph Wilson Jones III stated that the initiative reflects the company’s confidence in the long-term value of its business. The program is not obligatory and may be paused or stopped at the board’s discretion. It will adhere to guidelines set by Nasdaq and the Securities Exchange Act of 1934, ensuring compliance with relevant laws. An independent broker will manage the repurchase program to maintain adherence to these regulations.

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