La Rosa Holdings Corp to White Label Proprietary AI System ‘JAEME’ to Support Real Estate Agents, Creating New Revenue Stream
June 25 2024 - 8:30AM
La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the
“Company”), a holding company for five agent-centric,
technology-integrated, cloud-based, multi-service real estate
segments, today announced that it intends to white label its
proprietary artificial intelligence (“AI”) system, JAEME. JAEME,
part of La Rosa’s My Agent Account, was launched in October 2023.
It is a real estate AI assistant created to support and inspire
real estate agents with personalized content to enhance marketing,
efficiency, and sales.
JAEME experienced a remarkable 92.6% increase in
utilization from October 2023 to March 2024, demonstrating
substantial growth in user engagement. This rise suggests that more
individuals are actively using the system. The Company believes
that this growth is driven by factors such as increased awareness,
improved features, and effective marketing efforts, and indicates a
growing user interest and stronger adoption of the system over
time.
Joe La Rosa, CEO of La Rosa Holdings Corp.,
stated, “We are excited to announce that we intend to white label
our proprietary AI technology JAEME, creating a new revenue stream
for La Rosa. Our advanced technology can help agents to provide
services to their clients in a more efficient way – even from their
mobile devices. Agents can use JAEME in multiple ways including
creating comparative market analyses on any property in the U.S.,
assisting them in preparing a full listing presentation that also
indicates which marketing channels are most effective in
identifying potential buyers, and creating more personalized and
engaging marketing experiences for their clients. By analyzing past
interactions and behavior, JAEME can help realtors deliver
customized content and recommendations that resonate with each
individual client. Finally, JAEME can automate many repetitive
marketing tasks, freeing up realtors’ time to focus on more
high-level strategic work.”
“We believe that JAEME is a powerful tool that
can help realtors stay ahead of the game in today's competitive
market. By leveraging the insights and automation capabilities of
JAEME, realtors can better understand their target audience,
deliver more personalized content, and generate more leads. We
continue to prioritize building technology that meets our agents'
needs, and our focus remains on enhancing agility and empowerment.
We are currently developing multiple enhancements in My Agent
Account, which we plan to unveil at our Tech Summit in October
2024. This includes a revamped agent onboarding experience,
innovations in artificial intelligence, and improvements in
transaction management tools,” concluded Mr. La Rosa.
About La Rosa Holdings
Corp.
La Rosa Holdings Corp. (Nasdaq: LRHC) is
disrupting the real estate industry by offering agents a choice
between a revenue share model or an annual fee-based model with
100% agent commissions. Leveraging its proprietary technology
platform, La Rosa empowers agents and franchisees to deliver
top-tier service to their clients. The Company provides both
residential and commercial real estate brokerage services and
offers technology-based products and services to its sales agents
and franchise agents.
La Rosa's business model is structured around
internal services for agents and external services for the public,
including residential and commercial real estate brokerage,
franchising, real estate brokerage education and coaching, and
property management. The Company has 22 La Rosa Realty corporate
real estate brokerage offices and branches located in Florida,
California, Texas, and Georgia. The Company also has 15 La Rosa
Realty franchised real estate brokerage offices and branches and
two affiliated real estate brokerage offices in the United States
and Puerto Rico.
For more information, please
visit: https://www.larosaholdings.com.
Stay connected with La Rosa, sign up for news alerts
here: larosaholdings.com/email-alerts.
Forward-Looking Statements
This press release contains forward-looking
statements regarding the Company’s current expectations that are
subject to various risks and uncertainties. Such statements include
statements regarding the Company’s ability to grow its business and
other statements that are not historical facts, including
statements which may be accompanied by the words “intends,” “may,”
“will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,”
“estimates,” “aims,” “believes,” “hopes,” “potential” or similar
words. These statements are not guarantees of future
performance and are subject to certain risks, uncertainties and
assumptions that are difficult to predict. Actual results could
differ materially from those described in these forward-looking
statements due to certain factors, including without limitation,
the Company's ability to achieve profitable operations, our ability
to successfully integrate acquisitions into our business
operations, customer acceptance of new services, the demand for the
Company’s services and the Company’s customers' economic condition,
the impact of competitive services and pricing, general economic
conditions, the successful integration of the Company’s past and
future acquired brokerages, the effect of the recent National
Association of Realtors' landmark settlement on our business
operations, and other risk factors detailed in the Company's
filings with the United States Securities and Exchange Commission
(the "SEC”). You are urged to carefully review and consider any
cautionary statements and other disclosures, including the
statements made under the heading “Risk Factors” in our Annual
Report on Form 10-K for the fiscal year ended December 31, 2023,
and other reports and documents that we file from time to time with
the SEC, including our Quarterly Report on Form 10-Q for the fiscal
quarter ended March 31, 2024. Forward-looking statements contained
in this press release are made only as of the date of this press
release, and La Rosa does not undertake any responsibility to
update any forward-looking statements in this release, except as
may be required by applicable law. References and links to websites
have been provided as a convenience, and the information contained
on such websites has not been incorporated by reference into this
press release.
For more information, contact:
info@larosaholdings.com
Investor Relations
Contact:Crescendo Communications, LLCDavid Waldman/Natalya
RudmanTel: (212) 671-1020 Email: LRHC@crescendo-ir.com
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