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, initially targeting mortgage and insurance sectors with plans to expand into retirement planning and personal finance support for financial advisors.

CEO Mack Leath emphasized the company's primary goal of increasing shareholder return on investment through its Vero Technology Ventures arm, which focuses on developing enterprise-level software offered exclusively through Mitesco's data centers. The Robo Agent suite aims to improve sales professional productivity, beginning with residential real estate before advancing to mortgage and home insurance products through 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 data center growth, Leath explained that software development efforts are designed to fuel expansion at the Centcore data center by targeting larger enterprise-level users with thousands of potential customers within specific audiences and millions across industry segments. Beyond organic growth, the company is actively discussing potential merger candidates with investment banking professionals, noting that while Mitesco is currently a small public company, it can offer benefits similar to special purpose acquisition companies with greater speed and lower costs if suitable funding sources are identified.

The company intends to move to a senior exchange as quickly as possible, with Leath noting that a larger revenue base would help meet listing requirements while potentially providing greater shareholder liquidity and enabling faster growth through subsequent transactions. All outlined initiatives aim to increase potential return on investment for shareholders and expand the investor base by demonstrating Mitesco's potential to become a significant player in the data center business through both internal software solutions and support for third-party applications.

Forward-looking statements in the press release acknowledge that success cannot be guaranteed and suitable funding may not be available, with risks detailed in the company's SEC filings available at https://www.sec.gov. The company maintains its commitment to these objectives despite uncertainties surrounding implementation timelines and outcomes.