Visionstate Announces Corporate Sponsorship of Exceed Solar by Bunzl Canada
Distribution leader sponsors Exceed Solar’s state-of-the-art, solar-powered greenhouse to fight food insecurity.
EDMONTON, Alberta - January 27, 2023 - Visionstate Corp. (TSXV: VIS) (“Visionstate” or the “Company”) is pleased to announce its portfolio company Exceed Solar, a pure play ESG entity, has launched its community-driven food security network in partnership with Bunzl Canada Inc. (“Bunzl Canada”).
Bunzl Canada has announced its sponsorship of the community-scale, solar-powered greenhouse at the Alberta Avenue Community League (“AACL”) in Edmonton. This state-of-the-art initiative will provide the community with access to fresh, locally grown produce year-round.
The innovative project was initiated by Edmonton’s own Exceed Solar , a local start-up business founded on a passion for the environment and a commitment to making a meaningful impact on the planet by promoting alternative energy and sustainable living. The new greenhouse will feature advanced technology, including a 1.2kW solar energy system, heating and cooling ductless pump, and an Internet of Things (IoT)-based environmental monitoring system.
Construction of the greenhouse is set to begin in the coming weeks and is expected to be fully operational by Spring 2023, according to Elliot Putters, Exceed Solar’s founder and CEO. “This initiative will have a very positive impact on our local community , thanks to our partners, Bunzl Canada and the AACL.”
“We are very excited to partner with Exceed Solar and the AACL on this innovative project,” said Margo Hunnisett, Bunzl Canada's Vice President of Marketing and Communications. “We believe that access to food, especially fresh produce, is essential for building strong, sustainable communities. We’re committed to supporting initiatives to address food insecurity and hope this new greenhouse will serve as a model for other communities to follow."
Bunzl Canada provides cleaning and hygiene products and equipment, food and retail packaging, safety products, and industrial supplies to more than 45,000 Canadian businesses. The company supports local food banks across the country as well as contributes to in-school nutrition programs.
“We are thrilled to have the support of Bunzl Canada in bringing this exciting project to our community,” said AACL Facility Manager, Karen Mykietka. “The greenhouse will not only provide us with fresh produce but will also serve as a valuable educational resource for our members. We look forward to seeing the positive impact it will have on our community.”
The AACL will provide educational resources and workshops, allowing members of the community to learn about sustainable farming practices and how to properly care for the plants in the greenhouse.
About Bunzl Canada Inc.
Bunzl Canada Inc. (bunzlcanada.ca) provides the cleaning and hygiene products and equipment, food and retail packaging, safety products and industrial supplies which keep over 45,000 Canadian businesses running optimally, every day. The company brings its customers the advantage of global sourcing, product innovation and national scale combined with responsive local service and deep category expertise. Bunzl Canada Inc. is a division of Bunzl Distribution USA, LLC.
About Bunzl Distribution
Bunzl Distribution USA, LLC (bunzldistribution.com), headquartered in St. Louis, Mo., is the largest division of London-based Bunzl plc, an international distribution and outsourcing group. With more than 100 distribution centre throughout the U.S., Canada, Mexico and the Caribbean, Bunzl supplies a wide range of products to food processors, supermarkets, retailers, convenience stores and other users.
About Exceed Solar Inc.
Exceed Solar Inc. is a social enterprise and the builder of ‘Sol Spaces’ - a product line of building structures that are consciously engineered and constructed to enhance daily life, empower healthy communities, and contribute to the sustainability of the planet. The Sol Greenhouse, Sol Studio and Sol Garden Suite are each innovatively designed to meet a unique and earnest customer profile including individual homeowners, community service groups, the restaurant and hospitality sector and municipalities in Edmonton and northern Alberta.
About Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Visionstate IoT Inc. is a wholly-owned division of Visionstate Corp. Through Visionstate IoT Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres, and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences.
Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.
To learn more, please contact:
Visionstate IoT Inc.
Shannon Moore, President
Tel: 780-425-9460
Email: shannon@visionstate.com
CHF Capital Markets
Perry Rapagna, Manager, Corporate Development & Senior Account Manager
Tel: 416-868-1079 x230
Email: perry@chfir.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
Visionstate Focuses on Market Expansion for WANDA in 2023 as OMICRON variants continue to spread
EDMONTON, Alberta - January 5, 2023 - Visionstate Corp. (TSXV: VIS) (“Visionstate” or the “Company”) is pleased to unveil its 2023 business objectives for its wholly owned subsidiary, Visionstate IoT Inc. (“Visionstate” or the “Company”), which provides proprietary software to the facilities management industry to track and monitor cleaning and maintenance activities.
Company President to host virtual information session on corporate plans
Among the objectives for 2023 is the introduction of a new pricing model under the software as a service model (SaaS), which will generate additional revenues as Visionstate moves toward value pricing.
“Visionstate has demonstrated the value of its software in tracking and monitoring cleaning activities, essential for disease prevention,” explained Shannon Moore, President of Visionstate IoT Inc. “With demand for our software increasing, the Company believes this is the right time to adjust our license fees to meet the demand for our product.”
Currently, WANDA™ is installed in diverse industry verticals across Canada, the US and more recently, Europe. The Company’s mobile app is easy to install, quick to deploy, and provides advanced analytics for facility managers to ensure cleaning protocols are being met. The focus on effective cleaning has dramatically increased because of COVID 19 and its many variants that continue to challenge healthcare practitioners globally.
“WANDA™ is an essential part of the new cleaning protocols that have been introduced over the past two years,” explained Moore. “Archaic paper-based methods of tracking this information are no longer effective and are being replaced by applications that can provide the analytics and reporting required to ensure a clean and safe facility.”
Along with license fee adjustments, the Company is also focused on expansion into new markets outside of Canada. Visionstate already has a foothold in the US market through a large reference client but will be focused on expanding the Company’s presence in key geographical locations. In 2022, Visionstate secured a foothold in Europe as well, with installations in a hospital network in Belgium, providing a reference customer for expansion throughout Europe as well.
Meanwhile, the Company continues to build new functionality into its WANDA™ software to further expand the potential applications for the software. The new features include upgraded analytics dashboards, easier set ups and scalability to accommodate large facilities such as universities, stadiums and school divisions.
“With the added functionality we can further expand our market penetration,” said Moore. “We are exploring other verticals such as home health care to further scale the technology to track patient care.”
The Company is holding a virtual information session on Thursday, January 12, 2023 at 2 pm MST (4 pm EST) hosted by Visionstate President Shannon Moore. Please join us for this presentation which will be followed by questions and answers. The meeting link is as follows:
https://zoom.us/j/99181039071?pwd=aTRVc3JBTUZHeEowRmgrNGFjN210UT09
About Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences.
Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.
To learn more, please contact:
Visionstate IoT Inc.
Shannon Moore, President
Tel: 780-425-9460
Email: shannon@visionstate.com
CHF Capital Markets
Perry Rapagna, Manager, Corporate Development & Senior Account Manager
Tel: 416-868-1079 x230
Email: perry@chfir.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
Visionstate Announces Conditional Approval of Previously Announced Private Placement
EDMONTON, Alberta - December 19, 2022 - Visionstate Corp. (TSXV: VIS) (“Visionstate” or the “Company”) is pleased to announce the receipt of conditional acceptance from the TSX Venture Exchange on the offering ("Offering") of up to 17,500,000 units of the Company (“Units”) at a price of $0.02 per Unit for gross proceeds of up to $350,000 as previously announced on November 9, 2022. Each Unit is comprised of one (1) common share of Visionstate (“Common Share”) and one (1) Common Share purchase warrant (“Warrant”) whereby each Warrant entitles the holder to purchase one (1) additional Common Share at a price of $0.05 per Common Share for a period of two (2) years following the date of closing.
Visionstate has closed on the initial tranche of subscriptions of 10,045,000 Units at a price of $0.02 per Unit for gross proceeds of $200,900, which includes 2,595,000 Units issued to certain insiders of Visionstate.
The issuance of Units to insiders pursuant to the Offering will constitute a “related party transaction” as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Offering will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101. In particular, Visionstate has determined that the exemptions set out in paragraphs (a) and (b) in section 5.5 of MI 61-101 are applicable since the aggregate consideration to be paid by the related parties will not exceed 25% of the market capitalization of Visionstate and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange. In addition, regarding the minority shareholder approval exemptions, the independent directors have determined that the exemptions set out in paragraphs (1)(a) and (b) in section 5.7 of MI 61-101 are applicable in that the aggregate consideration to be paid by the related parties will not exceed 25% of the market capitalization of Visionstate, the distribution of the securities to the related parties will have a fair market value of not more than $2,500,000 and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange.
The net proceeds from the sale of units will be used by the Company for marketing and sales initiatives, research and development to enhance the Company’s technology, operating capital and investigating a US quotation on the OTCQB.
Pursuant to applicable Canadian securities laws, the Common Shares and Warrants comprising the Units are subject to a four-month hold period from the time of closing of the Offering.
About Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences.
Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.
To learn more, please contact:
Visionstate IoT Inc.
Shannon Moore, President
Tel: 780-425-9460
Email: shannon@visionstate.com
CHF Capital Markets
Perry Rapagna, Manager, Corporate Development & Senior Account Manager
Tel: 416-868-1079 x230
Email: perry@chfir.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
Visionstate Announces New WANDA™ Deployments as Flu Viruses Persist
EDMONTON, Alberta - December 14, 2022 - Visionstate Corp. (TSXV: VIS) ("Visionstate" or the “Corporation”) is pleased to announce its wholly owned subsidiary Visionstate IoT Inc. has successfully deployed its proprietary WANDA™ technology to two new locations amid rising cases of the flu virus across Canada.
The two new locations include senior’s facilities in Calgary, Alberta and a Class “A” office tower in downtown Vancouver, BC. Visionstate IoT is also gearing up for its first installation in the hospitality sector, planned for January 2023, in a high-end hotel located in the heart of Banff, Alberta.
The installations of WANDA™ come as health care in Canada comes under increasing pressure from particularly virulent strains of the flu virus, and the continued persistence of COVID. Visionstate IoT’s proprietary WANDA™ technology is the first line of defence in reducing the incidents of disease spread by providing technology designed to track and monitor front line cleaning practices in public facilities.
“The continued demand for WANDA™ is a result of a general transformation in the facility management sector toward new technology that can effectively track and monitor cleaning practices in any environment,” explained Visionstate IoT President Shannon Moore. “The antiquated paper-based method of tracking these activities no longer measure up when considering the threat posed by viral outbreaks.”
Health care officials across Canada and North America have expressed concern about the threat caused by the transmission of disease during this year’s flu season. In many cases, hospitals are already at capacity and schools are witnessing unprecedented absences due to the virulent nature of the flu.
“WANDA™ is an easily deployed and affordable mobile app that brings accountability to a new level,” said Moore. “With compliance reporting and detailed analytics, facility managers can have confidence their staff is meeting or exceeding new cleaning protocols that have been introduced since the first outbreak of COVID-19.”
Currently WANDA™ is installed in hospitals, airports, senior’s care facilities, recreational centres, shopping centres, municipalities and Class “A” office towers across Canada and the US. The WandaMOBILE app can track cleaning and maintenance in multiple zones and areas inside and outside of buildings and provides detailed analytics on performance.
Visionstate’s WANDA™ is marketed globally and generates revenue through a software-as-a-service model. Each new client builds recurring revenues where the margin is approximately 90%.
About Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Visionstate IoT Inc. is a wholly-owned division of Visionstate Corp. Through Visionstate IoT Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences.
Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.
To learn more, please contact:
Visionstate IoT Inc.
Shannon Moore, President
Tel: 780-425-9460
Email: shannon@visionstate.com
CHF Capital Markets
Perry Rapagna, Manager, Corporate Development & Senior Account Manager
Tel: 416-868-1079 x230
Email: perry@chfir.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
Visionstate's WANDA Deployed to School Division: Demonstrates Versatility of Facility Management App
EDMONTON, Alberta - December 1, 2022 - Visionstate Corp. (TSXV: VIS) ("Visionstate" or the “Corporation”) is pleased to announce the first deployment of its WANDA™ mobile app to a school division in Canada and has added yet another municipality to its growing list of customers.
The deployment of WANDA™ to a school division in Alberta marks the first installation of the technology in this sector, which continues to look for new technologies to track cleaning protocols as COVID and new flu viruses continue to persist.
The school division deployed Visionstate’s technology using the WANDA™ mobile app in combination with QR codes to monitor cleaning in bathrooms, hallways, libraries, classrooms, and offices. A front entrance and front office QR code are also being used for both custodial staff to log cleaning and maintenance activities and provide visitors with an opportunity to flag potential issues.
“We are very excited about on-boarding our first school division,” said Visionstate IoT Inc.’s (“IoT”) President Shannon Moore. “With the continued threat posed by virus outbreaks and COVID-19, school divisions can use WANDA™ to ensure that cleaning protocols are being met, which is the first line of defence against the spread of disease.”
IoT also deployed to an Alberta municipality which is focusing on the cleaning of its large aquatic centre. The WANDA™ app is being used to monitor change rooms, office areas and community rooms. In addition, WANDA™ is tracking deck maintenance as well as supply room and first aid inventory.
“We have several firsts in terms of WANDA™’s application to pool maintenance and supply tracking in this environment,” Moore explained. “For example, deck maintenance is a critical part of the infrastructure and requires daily maintenance. A QR code is being used specifically for that purpose. Polishing high touch points, scrubbing pool scum, maintaining water test stations, and cleaning and repairing skimmer baskets are all new applications for WANDA™.”
The municipality is also tracking supplies using the WANDA™ app, from delivery to the supply room; to the first aid storage room; to the first aid cart which is on the pool deck. Each has a “check stop” monitored by a QR code so there is a backup to ensure first aid supplies are always available.
“The versatility of WANDA™ in the facility management environment continues to be demonstrated,’ explained Moore. “In an era where disease outbreak is cause for concern, as well as ensuring efficiency in the delivery of services, WANDA™ stands out as the best solution for facility managers.”
Visionstate’s WANDA™ is marketed globally and generates revenue through a software-as-a-service model. Each new client builds recurring revenues where the margin is approximately 90%.
About Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Visionstate IoT Inc. is a wholly-owned division of Visionstate Corp. Through Visionstate IoT Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences.
Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.
To learn more, please contact:
Visionstate IoT Inc.
Shannon Moore, President
Tel: 780-425-9460
Email: shannon@visionstate.com
CHF Capital Markets
Perry Rapagna, Manager, Corporate Development & Senior Account Manager
Tel: 416-868-1079 x230
Email: perry@chfir.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
Visionstate Announces Appointment of New President
EDMONTON, Alberta - November 15, 2022 - Visionstate Corp. (TSXV: VIS) ("Visionstate" or the “Corporation”) is pleased to announce the appointment of Shannon Moore as President of the Company’s operating division, Visionstate IoT Inc., effective immediately. Ms. Moore is a current employee of Visionstate and has served as Director of Sales and Marketing for the past 12 months.
Ms. Moore has a long history in sales, marketing, and operations, having most recently served as CEO of an Edmonton-based home services company before joining the Visionstate team in 2021. Ms. Moore also has extensive experience in sales, which she acquired while employed in the media industry during much of her early career.
As demand for Visionstate’s WANDA™ product continues to increase, the Company is putting in place key personnel to execute its growth plan. Since the initial outbreak of COVID-19, the facility management sector has undergone a transformation away from paper-based processes and toward digitalization, particularly analytics.
Visionstate IoT Inc. is uniquely positioned to capitalize on the opportunity through its proprietary WANDA™ technology, which tracks cleaning protocols and maintenance activities in large facilities, including hospitals, airports, shopping centres, Class A office towers, and municipalities, to name a few.
The Company has witnessed unprecedented growth in the WANDA™ mobile app and accompanying QR codes, which enables facilities to track cleaning and maintenance in specific areas, including exteriors, and most recently high-value assets such as wheelchairs and gurneys. Patrons can scan the same code and provide feedback on the condition of an area or facility providing facility managers with even more in-depth analytics on public sentiment.
“Shannon is a huge asset to our team,” explained Visionstate Corp. CEO John Putters. “She has the experience and skill set to execute on our growth plans and is taking the WANDA™ product to the next level.”
During the past 12-months Ms. Moore has been learning about Visionstate’s technology and understanding the market opportunity for WANDA™. She is also active in her community and has an executive position in a prominent service-oriented organization.
About Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres, and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences.
Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.
To learn more, please contact:
Visionstate Corp.
John Putters, Chief Executive Officer
Tel: 780-425-9460
Email: jputters@visionstate.com
CHF Capital Markets
Perry Rapagna, Manager, Corporate Development & Senior Account Manager
Tel: 416-868-1079 x230
Email: perry@chfir.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
Visionstate Announces Updated Financing
EDMONTON, Alberta - November 9, 2022 - Visionstate Corp. (TSXV: VIS) ("Visionstate" or the “Corporation”) is pleased to announce that, subject to regulatory approval, the Corporation intends to complete an offering ("Offering") of up to 17,500,000 units of the Corporation (“Units”) at a price of $0.02 per Unit for gross proceeds of up to $350,000. Each Unit is comprised of one (1) common share of the Corporation (“Common Share”) and one full Common Share purchase warrant (“Warrant”) at a price of $0.05 for every Common Share purchased, with an expiry date 24 months after the closing of the private placement. The price per Common Share has been set at the last trading price on the TSX Venture Exchange before the issuance of this press release.
The net proceeds from the sale of units will be used by the Corporation for marketing and sales initiatives, research and development to enhance the Corporation’s technology, operating capital and investigating a US quotation on the OTCQB.
The private placement replaces the financing announced on September 9, 2022, which was priced at 0.02 cents per share for total proceeds of $350,000.
In connection with the Offering, Visionstate will be relying on the existing security holders’ exemption as well as other available prospectus exemptions. For those investors relying upon the exemption for existing security holders, the aggregate acquisition cost to a subscribing shareholder of all securities of Visionstate cannot exceed $15,000 in the previous 12 months, unless that shareholder has obtained advice regarding the suitability of the investment from a registered investment dealer in the subscriber’s jurisdiction. The offer to purchase Common Shares is available to all security holders of Visionstate who held common shares on the record date of October 31, 2022. Shareholders resident in Ontario, Newfoundland and Labrador, and countries other than Canada will need to meet local jurisdiction requirements to participate. If Visionstate receives total subscriptions pursuant to the existing security holders’ exemption which causes the Offering to exceed $350,000, Visionstate will accept such subscriptions on a first come, first served basis.
About Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences.
Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.
To learn more, please contact:
Visionstate Corp.
John Putters, CEO
jputters@visionstate.com
Tel: 780-425-9460
CHF Capital Markets
Perry Rapagna, Manager, Corporate Development & Senior Account Manager
perry@chfir.com
Tel: 416-868-1079 x230
CAUTIONARY STATEMENT
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Statements
Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
Visionstate's WANDA™ Expands to Equipment Tracking, Sales Queue Grows to More Than 100 Companies
EDMONTON, Alberta - October 31, 2022 - Visionstate Corp. (TSXV: VIS) ("Visionstate" or the “Corporation”) is pleased to announce significant growth in the deployment and interest in the Company’s WANDA™ technology, an IoT (Internet of Things) application designed to track cleaning and maintenance protocols in public facilities.
In the previous quarter, the Company installed its technology in several new locations, including shopping malls, Class “A” office buildings, casinos, and municipalities. The demand for WANDA™ is steadily increasing as facility management moves toward digitalization to capture key analytics on its operations.
“Ever since the COVID lockdowns ended we have seen a dramatic rise in interest for the WANDA™ platform,” explained Shannon Moore, Director of Sales and Marketing for Visionstate IoT Inc. “Building operators are turning to technology to track cleaning and maintenance activities to increase operational efficiencies and to provide a safer environment for the public.”
“Currently we are dealing with a list of more than 100 companies that are interested in implementing our WANDA™ platform,” she explained. “This includes everything from large retailers to municipalities.”
Part of the increase in demand is due to the expansion of WANDA™ ’s capabilities. Originally, WANDA™ was designed to track cleaning and maintenance in restrooms. Using QR codes and its mobile app, WANDA™ is now able to track assets and inventory in addition to cleaning and maintenance protocols.
Visionstate recently implemented WANDA™ at a major Canadian-based hospital to track high-value assets such as wheelchairs and gurneys. Not only can WANDA™ track asset usage, but also the history of the cleaning and maintenance schedules, all at a fingertip.
“WandaMOBILE makes it easy to track high-value assets and inventory,” Moore explained. “The additional benefit is that building managers also have access to the cleaning history, which is particularly important in the hospital environment.”
WANDA™ is based on a subscription model, or software as a service, making it easy and affordable to implement. Visionstate charges customers an activation fee based on the number of users. As the size of the customer grows, the number of activations grows with it.
“Executing on our current customer list represents the potential for several million in residual, booked revenue,” said Moore. “Our goal is to acquire new customers quickly to build our residual income base.”
About Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences.
Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.
To learn more, please contact:
Visionstate Corp.
John Putters, Chief Executive Officer
Tel: 780-425-9460
Email: jputters@visionstate.com
CHF Capital Markets
Perry Rapagna, Manager, Corporate Development & Senior Account Manager
Tel: 416-868-1079 x230
Email: perry@chfir.com
CAUTIONARY STATEMENT
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Statements
Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
Visionstate Portfolio Company Exceed Solar Launches Strategy to Address Food Security
EDMONTON, Alberta, September 21, 2022 - Visionstate Corp. (TSXV: VIS) ("Visionstate" or the “Corporation”) is pleased to announce its portfolio company, Exceed Solar Inc., has launched an innovative strategy to address mounting concerns over food security in municipalities across Canada.
Exceed Solar Inc. (“Exceed Solar” or “Exceed”), which builds high-tech greenhouses, is creating a community-based food network within the City of Edmonton to help build “growing capacity” in order to address rising food costs and supply shortages. The first greenhouse and community garden were developed in partnership with Freedom Cannabis Inc. (“Freedom”), an Alberta-based company that is also committed to positive social impact.
The initiative involves Exceed Solar supplying its 240-square-foot high-tech greenhouses to businesses and community leagues, in conjunction with a community garden, through sponsorships and donations. The harvest from the gardens is donated to community food banks to help ease the burden of food shortages and rising costs.
“We have found that the buy-in from businesses and community leagues in Edmonton has been exceptional,” explained Elliott Putters, CEO of Exceed Solar. “We all recognize the challenges in front of us when it comes to accessing affordable food and assisting the less fortunate in our society.”
The community garden and greenhouse were installed at Freedom Cannabis Inc. in the summer of 2022, with staff and management playing an active role in maintaining the gardens. The company grew an assortment of vegetables, including celery, tomatoes, Swiss chard, carrots, and spinach, that will be harvested this fall and donated to the campus food bank at the University of Alberta.
“Not only is Freedom living up to its core values in growing great people, but there is a deep sense of satisfaction within our company, knowing that we have helped people that may be less fortunate,” explained Johnfrank Potestio, CEO of Freedom Cannabis Inc.
Exceed’s Sol Greenhouses are a necessary ingredient in fighting the effects of climate change and the associated food shortages. The greenhouses feature a solar-powered heat-pump system that not only extends the growing season, but more recently has been important in cooling the greenhouses during the long stretches of unseasonably hot weather. The main structures of the greenhouses are built with recycled plastic bottles supplied by Ecoplast Solutions, an Alberta-based company.
Exceed Solar has two more community leagues in the queue for the food network which will be launched in the coming months.
“A community-based initiative not only builds capacity in those communities,” Putters explained, “but also becomes a central focus, bringing residents even closer to their communities.”
Exceed Solar would like to thank its sponsors for this important initiative, including AltaPro Electric Inc, Visionstate Inc., and Freedom Cannabis Inc.
About Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences.
About Exceed Solar Inc.
Exceed Solar Inc. is a social enterprise and the builder of ‘Sol Spaces’ - a product line of building structures that are consciously engineered and constructed to enhance daily life, empower healthy communities, and contribute to the sustainability of the planet. The Sol Greenhouse, Sol Studio and Sol Garden Suite are each innovatively designed to meet a unique and earnest customer profile including individual homeowners, community service groups, the restaurant and hospitality sector and municipalities in Edmonton and northern Alberta.
Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.
To learn more, please contact:
Visionstate Corp.
John Putters, Chief Executive Officer
Tel: 780-425-9460
Email: jputters@visionstate.com
CHF Capital Markets
Perry Rapagna, Manager, Corporate Development & Senior Account Manager
Tel: 416-868-1079 x230
Email: perry@chfir.com
CAUTIONARY STATEMENT
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Statements
Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
Visionstate Corp. portfolio company Freedom Cannabis completes acquisition
EDMONTON, Alberta, September 19, 2022 - Visionstate Corp. (TSXV: VIS) ("Visionstate" or the “Corporation”) is pleased to announce that portfolio company Freedom Cannabis Inc., a Canadian producer of premier cannabis products, has signed a definitive agreement to acquire the assets of Calgary-based Boaz Pharmaceuticals Inc. (boazpharm.com).
The acquisition of Boaz is expected to double the revenue for Freedom Cannabis as it expands its growing footprint. Visionstate is an early investor in Freedom Cannabis and owns approximately 3.2 million shares.
With 126,000 square feet of cultivation and manufacturing space, the Boaz assets are expected to double the production capacity of Freedom’s existing facility and provide entrance into cannabis 2.0 products. The Boaz assets consist primarily of 44 specially repurposed shipping containers equipped with new technologies to produce superior quality crops and higher yields. The containers provide opportunities for scalability and ease of installation and allow for expansion of new cannabis strains. Each container is expected to hold approximately 850 cannabis plants and yield approximately 40,000 grams.
Key Transaction Highlights:
Expands production capacity: The containers are expected to double the production capacity of the existing facility.
Lower production costs: The containers are outfitted with innovative technology which will increase yields and lower operating costs to contribute to cost efficiencies.
Enhances branded product: Boaz has a series of cannabis 2.0 products which will be integrated and expanded upon to provide diversification in Freedom’s product offering to retail consumers. In addition, Boaz has an extensive catalog of cannabis strains with the ability to supply those strains to customers.
Shareholder value: The transaction will deliver additional EBITDA to shareholders through synergies and other strategic initiatives.
Equity Investment: The principal shareholders of Boaz have committed to investing $1.8 million into Freedom Cannabis providing the Company additional working capital and demonstrating Boaz’s commitment to Freedom Cannabis.
“This is an exciting step toward our vision of expanding the scale of our quality cannabis products, while contributing to overall shareholder value,” explained Johnfrank Potestio, CEO of Freedom Cannabis. “Boaz has a demonstrated history of producing quality craft cannabis and will integrate seamlessly with our own products.”
The acquisition will provide Freedom Cannabis with additional packaging equipment for the Company’s fast-growing services division, additional growing capacity to meet the rising demand for retail products across Canada and secure a foothold into the cannabis 2.0 market.
Additionally, Freedom will acquire all inventory for Boaz and product SKUs currently offered throughout Canada, including in provinces currently not served by Freedom Cannabis, particularly in the Maritimes where Boaz has a strong market presence.
Freedom Cannabis will also be acquiring important intellectual property assets, including IP associated with Boaz’s extracts division and K-Cup product which is a unique cannabis-infused coffee drink.
“This acquisition demonstrates our commitment to revenue growth and increasing shareholder value,” explained Potestio. “Freedom Cannabis is quickly becoming one of the most well recognized and respected brands in the cannabis sector, and the acquisition of Boaz is another step in that direction.”
About Freedom Cannabis
Freedom is a leader in the cannabis industry with a focus on servicing the adult recreational market. Headquartered in Acheson, Alberta, Freedom is focused on changing lives and becoming a cult-like brand through growing quality cannabis. Driven by science and innovation, and with a focus on high quality cannabis products, Freedom continues to focus on meeting the needs of the adult cannabis recreational market.
About Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences.
Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.
To learn more, please contact:
Visionstate Corp.
John Putters, Chief Executive Officer
Tel: 780-425-9460
Email: jputters@visionstate.com
CHF Capital Markets
Perry Rapagna, Manager, Corporate Development & Senior Account Manager
Tel: 416-868-1079 x230
Email: perry@chfir.com
CAUTIONARY STATEMENT
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Statements
Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
Visionstate Announces Financing to Enhance Product Development and Marketing
EDMONTON, Alberta, September 12, 2022 - Visionstate Corp. (TSXV: VIS) ("Visionstate" or the “Corporation”) is pleased to announce that, subject to regulatory approval, the Corporation intends to complete an offering ("Offering") of up to 17,500,000 units of the Corporation (“Units”) at a price of $0.02 per Unit for gross proceeds of up to $350,000. Each Unit is comprised of one (1) common share of Visionstate (“Common Share”) and one (1) Common Share purchase warrant (“Warrant”) whereby each Warrant entitles the holder to purchase one (1) additional Common Share at a price of $0.05 per Common Share for a period of two (2) years following the date of closing.
The price per Common Share has been set at the last trading price on the TSX Venture Exchange before the issuance of this press release.
The net proceeds from the sale of Units will be used by the Corporation for marketing and sales initiatives, research and development to enhance the Company’s technology, general operating capital and investigating a quotation on the U.S. OTCQB.
In connection with the Offering, Visionstate will be relying on the existing security holders’ exemption as well as other available prospectus exemptions. For those investors relying upon the exemption for existing security holders, the aggregate acquisition cost to a subscribing shareholder of all securities of Visionstate cannot exceed $15,000 in the previous 12 months, unless that shareholder has obtained advice regarding the suitability of the investment from a registered investment dealer in the subscriber’s jurisdiction. The offer to purchase Units is available to all security holders of Visionstate who held common shares on the record date of September 11, 2022. Shareholders resident in countries other than Canada need to meet local jurisdiction requirements to participate. If Visionstate receives total subscriptions pursuant to the existing security holders’ exemption which causes the Offering to exceed $350,000, Visionstate will accept such subscriptions on a first come, first served basis.
In accordance with TSX Venture Exchange Policy 4.1, the Corporation wishes to advise that it will not be proceeding with the previously announced private placement on June 24, 2022. The Corporation still wishes to proceed with a private placement and accordingly confirms this by way of this press release.
About Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact, and transform consumer experiences.
Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.
To learn more, please contact:
Visionstate Corp.
John Putters, Chief Executive Officer
Tel: 780-425-9460
Email: jputters@visionstate.com
CHF Capital Markets
Perry Rapagna, Manager, Corporate Development & Senior Account Manager
Tel: 416-868-1079 x230
Email: perry@chfir.com
CAUTIONARY STATEMENT
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Statements
Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
Visionstate’s WANDA™ Launched in Europe, Opening New Markets for IoT Technology
IoT Cleaning Application Now Part of Picardy Wallonia Hospital’s Ultra-Efficient Digital Architecture
EDMONTON, Alberta, July 27, 2022 - Visionstate Corp. (TSXV: VIS) ("Visionstate" or the “Corporation”) is pleased to announce that with its long-term partner Bunzl Canada Inc. (“Bunzl”) it has deployed its proprietary WANDA™ IoT technology in the European market at an innovative hospital in Belgium. The launch of the Company’s mobile app represents the first installation in Europe and expands Visionstate’s reach beyond the installations already at 26 hospitals in North America.
The Picardy Wallonia hospital (CHwapi) is an ambitious, innovative hospital project designed to meet current and future health challenges. Its singular mission is to serve its community by promoting “well-being and being well” in a human-focused environment. That environment is comprised of clean, bright, and green spaces connected by an ultra-efficient digital architecture that includes a range of "intelligent" solutions such as digitized appointment making and signage, geolocation of equipment in real-time (RTLS), home automation and telemedicine, a new self-serve maternity support app and more.
“The WandaNEXT IoT cleaning management platform is a natural addition to our state-of-the-art facility,” said Rudy Varenne, Managing Director at Crèche Les CHwa’ptis (ACBL). “The CHwapi environment has been designed to provide a best-in-class experience for both patients and healthcare providers. This platform supports our ability to do that with better visibility and continuous improvements in quality and efficiency.”
WandaNEXT enables healthcare, education, assisted living and commercial facilities to track and verify cleaning activities, validate quality through regularly scheduled audits, and alert cleaning teams to service requirements (such as discharge cleaning routines). It also facilitates schedule optimization, activity management, consumption tracking, end-user feedback and administrative reporting.
Hugues Robert, Managing Director of Global Net Belgium, a Bunzl cleaning and hygiene company, comments, “We are convinced that through the use of WandaNEXT, the Belgian short- and long-stay healthcare market will be able to accelerate the digitization of its cleaning and facility management process in the broadest sense while simplifying the documentation and audit process. We are all very excited to participate in this project within CHwapi and are already very pleased to see the number of expressions of interest from other players in the healthcare market.”
The pilot implementation at CHwapi began earlier this month and will be evaluated over a six-month period. Cleaning teams use cleaning trolleys equipped with tablets that enable them to refer to specific cleaning protocols required for each room type. Dynamic task assignments are delivered in real-time so that cleaning team members are aware of immediate service needs as well as scheduled daily, weekly, and monthly tasks. Audit features are used to monitor quality and identify training and support requirements.
“Now more than ever, facilities in critical environments such as healthcare, education, long-term care, and assisted living must verify and validate that cleaning and disinfecting is being done correctly and at the right intervals,” said Margo Hunnisett, Vice President, Marketing and Communications at Bunzl Canada, where the WandaNEXT product was developed by Visionstate IoT.
Visionstate continues to work in partnership with Bunzl to develop new system features and functionality. The partners are currently completing a pilot project that includes surface diagnostics using ATP testing technology.
WandaNEXT has a growing installation base that includes healthcare, education, retail, commercial office, conference, airport and distribution facilities across Canada, the United States, the United Kingdom, and Europe.
About Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact, and transform consumer experiences.
Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.
To learn more, please contact:
Visionstate Corp.
John Putters, Chief Executive Officer
Tel: 780-425-9460
Email: jputters@visionstate.com
CHF Capital Markets
Cathy Hume
Tel: 416-868-1079 x251
Email: cathy@chfir.com
CAUTIONARY STATEMENT
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Statements
Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
Visionstate Corp. Provides Corporate Update
EDMONTON, Alberta, July 20, 2022 - Visionstate Corp. (TSXV: VIS) ("Visionstate" or the “Corporation”) provided a corporate update to address recent, significant milestones.
In the past couple of months, Visionstate has demonstrated major growth in sales and deployments of its WANDA™ cleaning-tracking technology. As the Company continues to grow its partnership, increase internal sales, and focus on its technology development, recognition for WANDA™ is expected to grow at a rapid pace.
Some of the highlights from the corporate milestones include:
Successful Trial at the Metro Toronto Convention Center
Along with a successful showcasing of WANDA™ at the ISSA Canada Show, Visionstate is pleased to announce that it has also completed a successful trial in the washrooms at the Metro Toronto Convention Centre, which has now captured the attention of other facilities.
Installation in the City of St. Albert
Following Visionstate’s campaign with the City of Edmonton to manage cleaning activities and maintenance of the city’s 400 bus shelters, QR codes are now being planned to be installed in the City of St. Albert, representing another exciting new vertical for the Company.
Expansion at Blackstone
Visionstate’s long-term customer Blackstone is expanding their WANDA™ locations by more than 300% with approximately 100 WANDA™ tablets, giving further validation for Visionstate’s position within the market.
Partnership with Grey Nuns Community Hospital
Visionstate has established a long-running partnership with the Grey Nuns Community Hospital (GNCH), a part of Covenant Health that has 18 sites located in 12 communities across Alberta. The Company has developed an asset management system that GNCH is using to monitor its equipment. This new development opens many new opportunities in all sectors.
Activation at the University of Saskatchewan
Activations of the Company’s unique Internet of Things (IoT) have been estimated to include 1,800 deployments within the University of Saskatchewan. For each activation of the mobile application, Visionstate measures its success based on the rate of customer acquisition. Visionstate is currently developing a plan to manage data in a way that the university can digest and use efficiently.
Installation at the Grand Villa Casino
Visionstate announced that they have completed installation at the Grand Villa Casino.
Integration at Hygenia
Visionstate reported that it is close to completing its integration at Hygenia and that the Company will be able to conduct surface testing for audits. The Company is also working on HVAC tracking to measure air quality which will be made available in the coming months.
On-going Conversation with an International Hotel Chain
Visionstate is making great headway with a hotel located in the heart of Banff National Park. The hotel has been providing hospitality to its guests for more than 130 years with its 745 guest rooms and suites. This relationship represents the first hotel for Visionstate and another exciting milestone for the Company.
John Putters, CEO of Visionstate, commented, “As we continue to build our position within the market, and scale WANDA™, we feel confident that we will be able to replicate our efforts into other large facilities.” Putters added, “We strive to find like-minded partnerships for successful business development. What we learn from every partnership is that no two businesses function the same and we will continue to find ways to make WANDA™ work for them. Sometimes it pushes us creatively, but out-of-the-box thinking keeps every day interesting and innovative.”
Visionstate is now prioritizing on finalizing details for many more installations, including malls, healthcare facilities, resorts, school divisions, commercial facilities, casinos, universities, and coast-to-coast cleaning companies in the United States. Outside of Visionstate’s partnership with Bunzl Canada, the Company is also forging ahead with internal sales.
About Visionstate Corp.:
Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centers, and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences. To learn more, please visit our website at www.visionstate.com.
Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.
To learn more, please contact:
Visionstate Corp.
John Putters, Chief Executive Officer
Tel: 780-425-9460
Email: jputters@visionstate.com
CHF Capital Markets
Cathy Hume
Tel: 416-868-1079 x251
Email: cathy@chfir.com
CAUTIONARY STATEMENT
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Statements
Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
Visionstate Corp. Announces Private Placement
EDMONTON, Alberta, June 24, 2022 - Visionstate Corp. (TSXV: VIS) ("Visionstate" or the “Corporation”) is pleased to announce that, subject to regulatory approval, the Corporation intends to complete an offering ("Offering") of up to 12,500,000 common shares of the Corporation (“Common Share”) at a price of $0.04 per Common Share for gross proceeds of up to $500,000.
The Offering includes one full warrant at $0.05 for every Common Share purchased, with an expiry date 24 months after the closing of the private placement. The price per Common Share has been set at the last trading price on the TSX Venture Exchange before the issuance of this press release.
The net proceeds from the sale of units will be used by the Corporation for marketing and sales initiatives, research and development to enhance the Company’s technology, operating capital and investigating a US quotation on the OTCQB.
In connection with the Offering, Visionstate will be relying on the existing security holders’ exemption as well as other available prospectus exemptions. For those investors relying upon the exemption for existing security holders, the aggregate acquisition cost to a subscribing shareholder of all securities of Visionstate cannot exceed $15,000 in the previous 12 months, unless that shareholder has obtained advice regarding the suitability of the investment from a registered investment dealer in the subscriber’s jurisdiction. The offer to purchase Common Shares is available to all security holders of Visionstate who held common shares on the record date of December 31, 2021. Shareholders resident in Ontario, Newfoundland and Labrador, and countries other than Canada will need to meet local jurisdiction requirements to participate. If Visionstate receives total subscriptions pursuant to the existing security holders’ exemption which causes the Offering to exceed $500,000, Visionstate will accept such subscriptions on a first-come, first-served basis.
About Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres, and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact, and transform consumer experiences.
Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.
To learn more, please contact:
Visionstate Corp.
John Putters, CEO
jputters@visionstate.com
Tel: 780-425-9460
CHF Capital Markets
Perry Rapagna, Manager, Corporate Development & Senior Account Manager
perry@chfir.com
Tel: 416-868-1079 x230
CAUTIONARY STATEMENT
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Statements
Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
Visionstate's WANDA™ to be Highlighted at ISSA Convention
IoT Cleaning Application Introduces New Task Management
and Audit Capabilities
EDMONTON, Alberta, June 8, 2022 - Visionstate Corp. (TSX VENTURE: VIS) (“Visionstate” or the “Company”) is pleased to announce that Bunzl Canada (bunzlcanada.ca) will be showcasing its exclusive IoT Cleaning Platform, WandaNEXT™, on June 8 and 9, 2022 at ISSA Canada, the country’s premier showcase for cleaning and hygiene products, services, and technology. This unique trade show and conference creates a forum for insights on best practices, industry certifications, training and educational programming, and relevant and emerging topics within the Canadian facility and cleaning markets.
“We are very excited to showcase WandaNEXT™ at ISSA this year,” said Margo Hunnisett, Vice President of Marketing and Communications at Bunzl Canada. “The platform continues to evolve, thanks to the active participation of many of our customers across Canada. The result is an industry-leading product that is, quite literally, designed for and by customers who view state-of-the art facility cleaning and hygiene as critical to their key stakeholders, and to their businesses.”
WandaNEXT™ enables healthcare, education, assisted living, and commercial facilities to track and verify cleaning activities, validate quality through regularly scheduled audits, and alert cleaning teams to service requirements (such as discharge cleaning routines). It also facilitates schedule optimization, activity management, consumption tracking, end-user feedback, and administrative reporting.
Visionstate IoT, original developer of the platform, continues to work in partnership with Bunzl Canada to develop new system features and functionality. The partners are about to launch a new pilot project that integrates surface diagnostics using ATP testing technology.
“We are extremely proud to have WandaNEXT™ featured at ISSA,” said Visionstate CEO, John Putters. “This provides us an opportunity to demonstrate to the industry the value of the platform as an essential tool to improve cleaning quality and help prevent the outbreak of disease.”
WandaNEXT™ can be purchased through an annual subscription fee for each activation of the mobile application which has unlimited scalability and is applicable to diverse industry sectors. It has a growing installation base that includes healthcare, education, retail, commercial office, conference, airport, and distribution facilities across Canada, the United States, the United Kingdom and Europe.
The WandaNEXT™ platform will be featured exclusively at booth #607 at the show. Its capabilities are applicable to all areas of a facility but will be demonstrated with an initial rollout in the restrooms at the Metro Convention Centre during the event.
About WANDA™
Designed to track cleaning and maintenance activities, the mobile version of WANDA™ has unlimited scalability and is applicable to diverse industry sectors, including hospitals, airports, shopping centres, community recreational facilities, schools and universities, senior’s care facilities, and even large municipalities. The mobile app is also quick to deploy and is based on a subscription model to eliminate upfront costs.
Visionstate charges a monthly or annual subscription fee for each activation of the mobile application and measures success based on the rate of customer acquisition, which is a standard measure of performance for technology companies that are based on the Software as a Service (SaaS) model. Customer acquisition increases residual income throughout the 36-month term of each contract and carries a high margin on sales.
About Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres, and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact, and transform consumer experiences.
Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.
To learn more, please contact:
Visionstate Corp.
John Putters, CEO
jputters@visionstate.com
Tel: 780-425-9460
CHF Capital Markets
Perry Rapagna, Manager, Corporate Development & Senior Account Manager
perry@chfir.com
Tel: 416-868-1079 x230
CAUTIONARY STATEMENT
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Statements
Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
Visionstate Announces Q2 Financial Results: SaaS Subscribers Up 100% Year-Over-Year
EDMONTON, Alberta, May 31, 2022 - Visionstate Corp. (TSX VENTURE: VIS) (“Visionstate” or the “Company”) released financial results for Q2 of its 2022 fiscal year. The SaaS revenue for the WANDA™ IoT products increased from $20,000 (Q2 2021) to $87,740 (Q2 2022). Noteworthy in the same period last year, Visionstate received a $200,000 one-time payment to develop IoT for the cannabis sector.
Highlights of the Q2 financial results include:
A 100% increase in the subscriber base for WANDA™ year-over-year, with the bulk of the new activations in the past six months and continuing to gain even more traction as new customers are activated.
Visionstate revenue model is based on a software as a service (SaaS), with licence fees charged monthly ranging from $15 to $25 per activation of the WANDA™ mobile app. The Company’s main focus continues to be customer acquisition.
The Company licences its technology to large companies and public institutions resulting in customization and longer deployment cycles, yet favourable to long-term growth.
Increased expenses related to the Company’s investment into ViCCi 2.0, an artificial intelligence technology designed to automate customer service in physical locations. Revenues related to ViCCi 2.0 are anticipated in Q4.
Increased expenses related to sales and marketing, including the hiring of a full-time sales director, investment into brand marketing and strategy, and market-making for the Company’s listed shares.
“The Company has existing long-term installations in many diverse large verticals including hospitals, airports, office towers, shopping centres, senior’s care facilities, universities, and large municipalities. The positive financial impact of these fast-growing, large company installs will be seen in up-coming quarters,” explained Visionstate CEO John Putters.
About Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences.
Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.
To learn more, please contact:
Visionstate Corp.
John Putters, CEO
jputters@visionstate.com
Tel: 780-425-9460
CHF Capital Markets
Perry Rapagna, Manager, Corporate Development & Senior Account Manager
perry@chfir.com
Tel: 416-868-1079 x230
CAUTIONARY STATEMENT
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Statements
Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
Visionstate Announces New Board Appointment
EDMONTON, Alberta, May 11, 2022 - Visionstate Corp. (TSX VENTURE: VIS) (“Visionstate” or the “Company”) is pleased to announce the appointment of Mr. Angel Valov to the Board of Directors. Angel is an accredited, high-net-worth investor and proprietary trading specialist with intricate knowledge of the North American retail equity market.
In announcing the appointment, Visionstate CEO John Putters said, “We are delighted that Angel has accepted our invitation to join our Board of Directors. His wealth of knowledge and experience will assist Visionstate as it executes its WANDA™ IoT strategy. There will be many opportunities to capitalize on further global opportunities and Angel will play a significant role as we continue our expansion.”
Angel joins Visionstate with more than 12 years of experience in all aspects of institutional money management at various financial institutions. Most recently, he was Risk Manager at one of Canada’s largest hedge fund firms, where he played diverse roles in areas including fund and portfolio analytics and support, trading strategy R&D and management, risk management, data & operations, and resource training and management. Previously, he was Manager, Risk Analytics, Global Risk Management at Bank of Nova Scotia, where he validated various derivative pricing models. The combination of Angel’s experience and industry knowledge will assist Visionstate in its efforts in corporate development, capital markets, investor psychology and stock price behaviour. Angel holds a Ph.D. in Applied Mathematics and an MSc in Statistics, both from the University of Toronto.
“Having followed the Company for a number of years, I am thrilled to join the Visionstate’s talented Board of Directors,” said Angel. “I look forward to contributing to Visionstate’s future growth and success as the Company executes development and launch activities.”
About Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact, and transform consumer experiences.
Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.
To learn more, please contact:
Visionstate Corp.
John Putters, CEO
jputters@visionstate.com
Tel: 780-425-9460
CHF Capital Markets
Perry Rapagna, Manager, Corporate Development & Senior Account Manager
perry@chfir.com
(416) 868-1079 x 230
CAUTIONARY STATEMENT
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Statements
Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
Visionstate's IOT Software Solution for Facilities Goes Global; Adoption Accelerating due to COVID-19 Sixth Wave
EDMONTON, Alberta, April 14, 2022 - Visionstate Corp. (TSX VENTURE: VIS) (“Visionstate” or the “Company”) is pleased to provide the following update on the growth of its Internet of Things (IoT) application which is quickly gaining traction in the facility management sector under the branded name, WANDA™.
WANDA™ has quickly become an important tool in the fight against COVID-19 and other diseases as the sixth wave of the virus continues to create health concerns across Canada and beyond. WANDA™ is a mobile application, incorporating QR code functionality, that tracks cleaning and maintenance activities and measures those activities against new and more stringent protocols.
“We are very pleased with the growth of Visionstate IoT Inc.,” said Company CEO John Putters. “WANDA™ is quickly becoming the primary tool for businesses, municipalities, and governments to ensure cleaning protocols are met in order to reduce the impact of COVID-19.”
The Company provides the following updates on the global rollout of WANDA™:
The Company has entered into two significant pilot projects with Business Services Contractors (BSC) to test the performance of the WANDA™ mobile app. The successful conclusion of the pilot projects will result in further deployments throughout the portfolios of the BSCs and represents new selling partners.
The Company has deployed additional WANDA™ tablets to Class A office towers in Florida to an existing customer. The continued expansion of WANDA™ through the customer’s real estate portfolio demonstrates the value of the technology as it continues to become an integral part of the cleaning protocols.
The sales pipeline for WANDA™ continues to grow and includes seniors’ facilities, municipalities, school divisions, universities, and office towers, to name a few. The opportunities continue to be driven by Visionstate’s global partner which is a leader in the cleaning and hygiene business.
The Company has partnered with a managed phone solution provider to supply rugged phones to customers who do not currently provide employees with handsets. The managed solution provides the ability to control the use of the phones so that they are used for the purposes of WANDA™ only.
Visionstate is commencing the development of RFID technology to track the location of high-value assets in hospitals and to track the cleaning of these assets after each use. Tracking assets and the cleaning protocols that accompany these assets continue to be a challenge for hospitals in particular. The RFID application will also be sold on a software as a service model.
Visionstate launched a new website to better reflect the new functionality, features, and benefits of the WANDA™ product. The website can be viewed at www.visionstate.com.
About WANDA™
Designed to track cleaning and maintenance activities, the mobile version of WANDA™ has unlimited scalability and is applicable to diverse industry sectors, including hospitals, airports, shopping centres, community recreational facilities, schools and universities, senior’s care facilities and even large municipalities. The mobile app is also quick to deploy and is based on a subscription model to eliminate upfront costs.
Visionstate charges a monthly or annual subscription fee for each activation of the mobile application and measures success based on the rate of customer acquisition, which is a standard measure of performance for technology companies that are based on the Software as a Service (SaaS) model. Customer acquisition increases residual income over the 36-month term of each contract and carries a high margin on sales.
About Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres, and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact, and transform consumer experiences.
Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.
To learn more, please contact:
Visionstate Corp.
John Putters, CEO
jputters@visionstate.com
Tel: 780-425-9460
CHF Capital Markets
Perry Rapagna, Manager, Corporate Development
perry@chfir.com
Tel: 416-868-1079 x230
CAUTIONARY STATEMENT
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Statements
Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
Visionstate's WANDA™️ Bolsters Rapid Expansion of Software Activations Across Several New Sectors
Edmonton, Alberta, March 16, 2022 - Visionstate Corp. (TSXV: VIS) (“Visionstate” or the “Company”) is pleased to announce incredulous growth in sales and deployments results for its proprietary WANDA™ cleaning tracking technology in increasingly diverse locations.
Following strong penetration within the healthcare and academic community, the first quarter of 2023 included the addition of two senior’s care facilities, four shopping centres, and a substantial university campus in Canada. Visionstate’s WANDA™ footprint has also been integrated within a colossal US customer that is one of the largest private real estate equity firms globally.
Activations of our unique Internet of Things (IoT) have been estimated to include 130 deployments within a large Canadian university and an additional 100 within senior care facilities. Furthermore, expected expansion within a sizeable Canadian city could lead to a potential addition of 200 further activations for this cleaning, maintenance and inventory tracking technology. An expected charge range could include $15.95 to $24.95 per month of revenue over a 36-month term.
The most significant growth relates to the company’s mobile app that was introduced to the market in 2021 and is an evolution of the restroom-centric touch screen tablets that formed the original WANDA™ IoT application. The mobile app has significantly reduced the upfront costs of implementing the solution, decreased installation related requirements, and greatly expanded the functionality of the WANDA™ technology.
“In early 2021 the Company was restroom-centric and tablet dependant,” Putters explained. “Since COVID-related restrictions were lifted, we are seeing a significant spike in both the deployments of our technology, and the interest level in adopting WANDA™ into standard cleaning protocols. Today WANDA™ can track anything both within and outside of facilities with virtually no upfront costs. We have municipalities, for example, using WANDA™ mobile with QR codes to track cleaning activities while collecting valuable information from the general public on the state of cleanliness. This includes anything from publicly accessible ashtrays to garbage receptacles. It also demonstrates that if municipalities are concerned about cleanliness and public perception, WANDA™ is the ideal solution to meet those objectives.”
The surge in WANDA™ sales is also attributed to the adoption of the mobile app into cleaning programs, including those offered by Visionstate’s partner, which is at the forefront of cleaning and hygiene programs across the globe.
About WANDA™
Designed to track cleaning and maintenance activities, the mobile version of WANDA™ has unlimited scalability and is applicable to diverse industry sectors, including hospitals, airports, shopping centres, community recreational facilities, schools and universities, senior’s care facilities and even large municipalities. The mobile app is also quick to deploy and is based on a subscription model to eliminate upfront costs.
Visionstate charges a monthly or annual subscription fee for each activation of the mobile application and measures success based on the rate of customer acquisition, which is a standard measure of performance for technology companies that are based on the Software as a Service (SaaS) model. Customer acquisition increases residual income over the 36-month term of each contract and carries a high margin on sales.
About Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences.
Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.
To learn more, please contact:
Visionstate Corp.
John Putters, CEO
jputters@visionstate.com
Tel: 780-425-9460
CHF Capital Markets
Perry Rapagna, Manager, Corporate Development
perry@chfir.com
Tel: 416-868-1079 x230
CAUTIONARY STATEMENT
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Statements
Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
Visionstate Announces New Board Appointment
Edmonton, Alberta, March 10, 2022 - Visionstate Corp. (TSXV: VIS) (“Visionstate” or the “Company”) is pleased to announce the appointment of Belinda Davidson to the Board of Directors. Belinda brings a wealth of knowledge and experience to the Visionstate board with a successful track record in marketing and brand strategy.
“We are very pleased to have Belinda join our Board of Directors,” said Company CEO John Putters. “Belinda’s valuable experience in key areas will assist Visionstate as it executes on its WANDA™ IoT strategy. The Company is at a pivotal point in its evolution, and Belinda is an important part of our growth as we introduce our product to a global customer base.”
Having worked with one of Canada’s largest, global, real-estate industry leaders as Vice President Strategic Marketing, Belinda brings more than 25 years’ experience in strategic marketing, customer experience and leadership. The combination of Belinda’s experience and industry knowledge will assist Visionstate in developing a strong presence in the marketplace.
Since September 2021, Belinda has been consulting for Visionstate in the capacity of VP of Marketing and recently concluded a comprehensive assessment of the Company’s main product, WANDA™, to better position the technology to capitalize on its global opportunities.
As a member of the Board of Directors, Belinda will be taking a lead role in advising the management team on a marketing strategy for Visionstate and taking its suite of proprietary technology to the public markets.
“Visionstate’s SAAS technology, which tracks cleaning and maintenance protocols in diverse settings such as office towers, shopping centres, hospitals and airports, is quickly expanding across North America and now globally with recent launches in Europe. It is extremely important for the Company to communicate its progress to the public markets,” Putters added, “and Belinda will be an important part of executing that strategy.”
About Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences.
Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.
To learn more, please contact:
Visionstate Corp.
John Putters, CEO
jputters@visionstate.com
Tel: 780-425-9460
CHF Capital Markets
Perry Rapagna, Manager, Corporate Development
perry@chfir.com
Tel: 416-868-1079 x230
CAUTIONARY STATEMENT
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Statements
Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.