1606 Corp. Recaps Major Accomplishments in February SEATTLE, WA / ACCESSWIRE / February 28, 2024 / 1606 Corp. (OTC Pink:CBDW) (the "Company"), a technology company focused on Conversational AI applications for e-commerce, is pleased to present investors with a summary of Company accomplishments in February, and an outlook for March.
The state of the market.
In a digital era where nearly 90% of individuals have interacted with chatbots, these AI-driven assistants are revolutionizing communication for 1.5 billion users worldwide. With 22% of micro-businesses and 23% of customer service companies adopting chatbots, the preference for instant, AI-powered assistance over waiting for human agents is clear, with 62% of consumers favoring chatbot conversation, According to colorlib.com This surge in chatbot usage marks a significant shift in both consumer behavior and business operations which bodes extremely well for CBDW as the company moves forward.
Accomplishments in February
Strategic Partnerships: 1606 Corp. announced a strategic partnership with Flex Payment Solutions, aimed at enhancing its commitment to innovative solutions for CBD businesses and cannabis brands. This partnership is expected to streamline transactions, improve customer experiences, and foster growth in the CBD industry.
Marketing Campaigns: The Company launched a new marketing campaign in collaboration with its newest ISO, Cannasite. This campaign involved email and calls to Cannasite's 300+ client base which commenced in early February. Following the successful December CBD Merchant marketing campaign in partnership with Cool Blue Distribution, 1606 Corp. expressed optimism about the results of this second major marketing campaign since the launch of ChatCBDW.
Pilot Program Success: 1606 Corp. reported exciting results from its pilot program in December, which sold out its limited seat pilot program. The Company has since transitioned to its standard pricing model, indicating a promising start to its commercial operations
Focus on AI-driven Chatbots: Throughout February, 1606 Corp. continued to focus on its AI-driven conversational merchandising chatbots, particularly targeting the CBD market. With a commitment to providing innovative solutions for online brands across multiple verticals in 2024, the Company aims to leverage AI technology to enhance customer experiences and drive sales with its proprietary product recommendation engine, unlike anything else in the Chatbot space to date.
Investor Interest: The Company's strategic partnerships, successful marketing campaigns, and focus on AI technology have garnered interest from investors. With its innovative approach to e-commerce and demonstrated success in the CBD industry, 1606 Corp. has positioned itself as a potential investment opportunity for those interested in the rapidly evolving AI-driven market landscape.
Overall, February has been a month of strategic expansion and commercialization for 1606 Corp., with a focus on leveraging partnerships, marketing initiatives, and innovative technology to drive growth in the CBD and e-commerce sectors.
Outlook for March
Growth Through ISO Partners:
- Expansion of partnerships with ISOs to increase market penetration and customer acquisition.
- Collaborating with ISOs to leverage their networks and reach new clients, driving revenue growth.
- Focus on developing innovative solutions to meet evolving market demands.
- Research and development efforts aimed at introducing cutting-edge features and functionalities to enhance our product offerings.
Advancing Existing Technology:
- Dedicated focus on refining and optimizing our proprietary product recommendation engine.
- Utilizing advanced algorithms and machine learning techniques to enhance the accuracy and effectiveness of product recommendations.
Maintaining Competitive Pace:
- Commitment to staying ahead of larger competitors by maintaining agility and flexibility in our development processes.
- Rapid iteration and deployment of updates to ensure that our technology remains at the forefront of the industry.
Differentiation Through Unique Technology:
- Highlighting the exclusivity of our product recommendation engine as a key differentiator in the market.
- Leveraging the advanced capabilities of our technology to provide personalized and tailored experiences for users, setting us apart from competitors.