La Rosa Holdings Corp to White Label Proprietary AI System ‘JAEME’ to Support Real Estate Agents, Creating New Revenue Stream
JAEME Experienced a 92.6% Increase in Utilization in Five Months After Launch
Celebration, FL, June 25, 2024 (GLOBE NEWSWIRE) -- 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.
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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.
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Investor Relations Contact:
Crescendo Communications, LLC
David Waldman/Natalya Rudman
Tel: (212) 671-1020
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