Visionstate Portfolio Company Launches High-tech Solar Greenhouse at U of A
Exceed Solar is addressing the growing threat to food security
Edmonton, Alberta, October 6, 2021 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) is pleased to announce that Exceed Solar, a portfolio company of Visionstate Corp., has set October 7, 2021 as the official launch date of its high-tech solar-powered greenhouse at the University of Alberta (“U of A”).
The 240-square-foot greenhouse, located adjacent to the community garden in East Campus Village, was designed by Exceed Solar through its Sol Spaces brand. The company is dedicated to building sustainable greenhouses and affordable living spaces by leveraging new construction technologies and sustainable energy solutions.
The project was funded through the University of Alberta’s Energy Management and Sustainable Operations Department, which provided financial assistance to install the solar-powered greenhouse on the university campus for the purposes of advanced research.
The objective of the project is to leverage technology to further enhance the capabilities of backyard greenhouses in order to address growing concerns about food security. In addition, research projects with the University of Alberta’s Engineering Department, Renewable Energy Design team, and Permaculture student groups will be involved with the research.
“The U of A project brought together a broad spectrum of expertise in many different disciplines,” explained Kim Muir, Stakeholder Relations Manger for Exceed Solar. “The result is a project that can not only help address food shortages but test new technologies in sustainable development that will benefit all of our communities.”
Backyard greenhouses continue to grow in popularity as food prices continue to rise and as more people stay home as a result of the COVID pandemic.
“Investing in a sustainable greenhouse is empowering to people,” Muir explained. “Generating green energy from sustainable sources is liberating in and of itself but growing your own source of food is equally inspiring for people, providing them an opportunity to be an active participant in our transition toward a more sustainable existence.”
Visionstate, which invested in Exceed Solar, is working with the team to investigate IoT or Internet of Things applications that can be applied to smart building structures.
For more on the University of Alberta Solar Greenhouse project please visit: www.exceedsolar.com
Interesting facts about the solar greenhouse:
Four 350-watt photovoltaic solar panels power the off-grid greenhouse, producing 1.7 Kw/h in green energy
The solar energy produces enough power to operate fans, lights, and a heating/cooling system
A unique 96 square foot vestibule or potting shed is attached to the greenhouse and houses the solar components
Solar energy is stored in four batteries supplied by Growing Greener Innovations, an award-winning Edmonton-based company
The building envelope is constructed using SIP or structured insulated panels supplied by Greenstone Building Products, a Canadian company based in Brandon, Manitoba
The SIP panels are rated R30 and environmentally sustainable
The greenhouse features a north wall to retain heat in colder months while absorbing it in warmer months
The research areas being pursued include: Internet of Things sensors, permaculture and solar energy optimization
About Visionstate Corp.
Visionstate Corp. (TSX-V: 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. Visit the website to learn more: https://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, 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 Portfolio Company Freedom Cannabis Inc. Secures Retail Sales Licences
Edmonton, Alberta, September 15, 2021 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”), is pleased to announce that Freedom Cannabis Inc. (“Freedom”), a portfolio company of Visionstate Corp., has received approval for retail distribution in two of the largest retail markets in Canada. The addition of the provinces of Alberta and Ontario to the Freedom portfolio of retail licences has paved the way for the company to brand its premium brand products across the country.
In the past 30 days, the company has been approved in four jurisdictions in Canada and is executing on delivering product to these important markets. The licences were granted on August 27, 2021.
“This is a significant turning point for the company,” explained Freedom Cannabis Inc. CEO John Frank Potestio. “The new retail licences will not only result in growing revenues but will provide opportunities to build our brand across Canada with greater retail exposure. For years, we have been focused on the wholesale B2B market, where our products are in high demand. These approvals allow us to reach the retail consumer directly and show off our consistent quality under the Freedom brand.”
During the month of August, Freedom also set a record for sales, which came in at approximately $700,000 in revenue with $445,000 in B2B sales, $227,000 in B2C sales and $37,000 in packaging. The strength in sales is reflected in the continued high-quality product being produced at the Freedom grow facility located on the outskirts of Edmonton, Alberta.
“As a premiere brand in the marketplace, Freedom Cannabis Inc. is poised to become a leader in the production of cannabis in Canada,” Potestio explained. “Our success is based on the high-quality product we supply, which includes our Slurricane and Secret Formula strains, that consistently test over 24% THC, and as high as 29% THC.”
Visionstate Corp. invested in Freedom Cannabis Inc. in 2019 and is now working with the company to develop Internet of Things solutions for the cannabis market. The technology will streamline operations and provide detailed analytics on performance and regulatory reporting.
About Visionstate Corp.
Visionstate Corp. (TSX-V: 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. Visit the website to learn more: https://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, 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 Welcomes New VP Marketing and Business Strategy
Edmonton, Alberta, September 13, 2021 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”), is pleased to welcome Belinda Davidson in a contract role as its new VP Marketing and Business Strategy. Belinda brings significant industry experience to Visionstate through her extensive career within the commercial real estate operations sector. The vast majority of Belinda’s previous employment has been spent within a leading Canadian-based organization that is a global property owner, manager and developer with a strong international scope.
Belinda is known for being a capable innovator and leader with strong expertise in brand development, relationship building, strategy, data analysis, project management and customer relations. As a results-driven professional, her balance of creativity and analytical skills has garnered her numerous marketing awards, including the VIVA Best of the Best award from the International Council of Shopping Centers for most outstanding marketing campaigns.
Belinda’s prolific knowledge and marketing proficiency also extend to the non-profit sector as she is a Board member for the Knight’s Cabin Cancer Retreats where she is responsible for communications and marketing.
John Putters, CEO of Visionstate, stated, “What truly excites me about Belinda joining the Visionstate family is her comprehensive career history, spanning nearly 30 years, in marketing, customer relations and building operations. Her proven ability to manage teams, projects and customers holistically will enable her to connect with our present and expected client base. Belinda’s advancement from Property Manager to Vice President of Strategic Marketing for a national shopping centre portfolio resonates strongly with the integration of Visionstate's platform of services, particularly WANDA™ and will serve as a strong foundation in her representation of Visionstate’s products. As VP Marketing and Business Strategy, Belinda will work towards strengthening our public awareness, increasing our customer base, and driving sales revenue, while managing our global partnerships, such as with Bunzl PLC, to build sales strategies that target strategic sectors. Belinda will truly provide the much desired bench-strength to propel Visionstate’s skyward momentum.”
About Visionstate Corp.
Visionstate Corp. (TSX-V: 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. Visit the website to learn more: https://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, 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 Posts Q3 Profit on Growing Revenues
Edmonton, Alberta, August 31, 2021 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”), a 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, today announced its third consecutive quarterly profit for the period ending June 30, 2021.
Highlights of the Third Quarter of 2021 include:
Total Revenue of $200,916 compared to $18,156 during the same period in 2020, a tenfold increase.
Gross Profit of $199,914 compared to $17,117 during the same period in 2020.
Net Income Loss of $17,029 compared to ($63,023) during the same period in 2020.
For the first 9 months of the current fiscal year, the Company has generated $549,085 in revenue compared with $140,126 in 2020.
To review the financial statements and MD&A for the quarter, please click here.
The development and subsequent deployment of WandaMOBILE represents a significant shift in the Company’s ability to provide a more comprehensive solution to the facility management industry. While Wanda tablets have historically been restroom centric, the mobile app expands the ability to collect data of cleaning activities throughout a facility. Management believes the addition of the mobile app to the Wanda suite of products will have a significant impact on future revenue generation.
Visionstate IoT sells its products through a large, global distributor (Bunzl) which carries inventory of the Wanda device and distributes directly to customers. In October 2020, the Company entered into a new three-year agreement with its partner that includes sales, marketing and distribution of the Wanda products. The agreement enables Visionstate to focus on developing new IoT technology while it earns residual revenue through license fees. The agreement also includes monthly retainer fees which represents a new and consistent revenue source for Visionstate.
John Putters, Founder and CEO of Visionstate, comments: “This is certainly an exciting time in the Company’s history. Revenues are driven primarily by the sale of our IoT product and derived from recurring licensing and software support fees, thus as the number of units increase, so does the revenue. With the Bunzl partnership in place, we were able to successfully focus the Company’s attention on the continued enhancement of the product software while leaving the sales and inventory management to the expertise of our partner. This will allow VIS to continue expanding the capabilities of the Wanda solution while collecting residual license and initial set up fees from Bunzl. We look forward to the rapid growth thanks to the nature of our software-as-a-service revenue model and continuing to innovate and expand into other industry verticals that are also focused on sustainability through date management.”
About Visionstate Corp.
Visionstate Corp. (TSX-V: 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. Visit the website to learn more: https://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, 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 Partners with Gangline Canada to Develop Radio Frequency Identification Applications
Edmonton, Alberta, August 10, 2021 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) is pleased to announce it has signed a letter of intent with Gangline Canada Inc. (“Gangline”) to enter into a joint venture agreement to develop radio frequency identification (RFID) applications.
The joint venture agreement is a result of the two companies successfully collaborating on deploying its first RFID application, which is being used to track safety slings that are mandated for use in the oil and gas sector. The RFID application facilitates improved inventory management for its customers.
“We are very pleased with the initial deployment of this technology,” explained Visionstate Corp. CEO John Putters. “It demonstrates how RFID technology can be implemented to improve operations and inventory management.”
The two companies intend to create a new joint venture company to pursue further opportunities in oil and gas for the RFID application. The joint venture will leverage the two companies strengths, including Visionstate’s technical expertise and Gangline’s extensive connections in the target market.
RFID is a tracking application that consists of tags, readers and middleware. RFID devices serve the same purpose as a bar code that provides a unique identifier for an object but does not need to be scanned directly, providing for a more robust inventory management system.
According to ReseachAndMarkets.com, the global RFID market size is estimated to be USD$10.7 billion in 2021 and is projected to reach USD$17.4 billion by 2026. The growth is attributed to lower-cost hardware, increased government regulation, and the implementation of new technologies designed to improve operational efficiencies.
About Gangline Canada Inc.
Gangline Canada Inc., is an Edmonton-based business focused on the creation of engineering applications and distribution of the patented Gangline™ solution. The Gangline™ is a professionally-engineered, pipe restraint system designed to limit the whip range of pipes (such as those used in oil fields and fracking work sites), should a catastrophic failure occur to the flow line or union connections. The company has successfully developed a Quality Management System to handle inventory, and related periodic applications, and is now focused on developing and deploying its RFID applications to the oil fields.
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 Corp. Retains Independent Trading Group (ITG) as Market Maker
Edmonton, Alberta, July 22, 2021 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”), has retained Independent Trading Group Inc. (ITG) to provide market-making services in accordance with TSX Venture Exchange (“TSXV”) policies. ITG will trade shares of the company on the TSXV for the purposes of maintaining an orderly market and improving the liquidity of the Company's shares.
ITG will not receive shares or options as compensation. However, ITG and its clients may have or may acquire a direct interest in the securities of the company. Visionstate Corp. and ITG are unrelated and unaffiliated entities. ITG is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and can access all Canadian stock exchanges and alternative trading systems. The capital and securities required for any trade undertaken by ITG as principal will be provided by ITG.
The agreement is for an open-ended term of at least three months which may be terminated on a 30-day notice. ITG will be compensated $5000 per month for the initial term and will be paid by the company from its working capital resources.
John Putters, President & CEO of Visionstate, commented: “Nothing brings our team more pride than witnessing the positive feedback and involvement of our greater investment community. Visionstate has always been a client-focused company with a mission to engage a diverse and increasingly fertile marketplace. Through our retention of Independent Trading Group, we aim to administer increased liquidity while ensuring a compact spread between our bid and offer pricing.”
About Independent Trading Group Inc.
Independent Trading Group Inc. (ITG) is Canada’s only brokerage firm dedicated specifically to professional trading. As Canada’s foremost Market Making Firm, ITG provides Market Making and Liquidity Provider services that are objective and focused. ITG employs real traders and provides real liquidity, with an underlying emphasis on integrity and success.
About Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a growth-oriented company that develops, and 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. Visit the website to learn more: https://www.visionstate.com/.
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.
VIS Announces Exceed Solar MOU with Ecoplast Solutions for High-tech, Sustainable Living Spaces
Edmonton, Alberta, July 15, 2021 - Exceed Solar Inc. (the “Company” or “Exceed Solar”), a business that is 40% owned by Visionstate Corp. (TSXV: VIS), is pleased to announce it has signed a memorandum of understanding (MOU) with Lloydminster-based Ecoplast Solutions Inc. (“Ecoplast”) to collaborate on constructing high-tech living spaces that set a new standard in sustainable living.
Visionstate Corp. previously announced on April 23, 2021 that it had signed a Letter of Intent to acquire the outstanding shares of Exceed Solar Inc.
The partnership with Ecoplast will see Exceed Solar utilizing Ecoplast’s proprietary structurally insulated panels (SIPs) to build its sustainable living spaces that include backyard studios, garden or in-law suites and high-tech greenhouses. Ecoplast’s insulated panels are built on a foam core material made from 100% recycled plastic bottles and bonded with a special laminate.
“What made Exceed Solar excited about working with Ecoplast is the fact the company uses recycled plastic bottles to produce a building system that is strong, energy efficient, and cost effective”, said Elliott Putters, President of Exceed Solar. “Our strategy is to commoditize building structures to address the increasing cost of contemporary living spaces. The products offered by Ecoplast Solutions fit well within that strategy.”
“We’re extremely excited to work with Exceed Solar on numerous projects going forward. We believe our eco-friendly building solution is a perfect fit for their future developments”, said Jean-Marc d’Entremont, Managing Partner of Ecoplast.
Exceed Solar is a company that makes every decision with consideration of the impact on the community and on the environment. This partnership with Ecoplast will be a key factor in the Company’s ability to be a part of and to build abundant, safe, and healthy communities.
Exceed Solar is poised to make a significant impact on energy-efficient building envelopes. The Company is focused on smaller-scale structures such as backyard greenhouses, garden suites and business and entertainment studios which are branded under Sol Spaces.
Ecoplast SIP innovation represents a major new application for recycled high-quality polyethylene terephthalate (PET) made from plastic bottles. PET foams are the newest structural core materials in the composite industry. Ecoplast only sources PET made solely from recycled bottles.
Currently Exceed Solar is working with the University of Alberta’s sustainability initiative and faculty of engineering to build and test a high-tech, solar-powered greenhouse at the University of Alberta’s East Campus Village. The project will see a variety of research projects and innovative technology tested in the greenhouse.
About Exceed Solar Inc.
Exceed Solar Inc. creates sustainable, scalable living spaces and community solutions, branded under the name “Sol Spaces”, by leveraging renewable energy, recycled building materials, and smart technologies. Exceed Solar’s modern living spaces are the next generation of housing solutions poised to become the most efficient living spaces available on the market. Visit our website to learn more: https://www.exceedsolar.com
About Ecoplast Solutions Inc.
Ecoplast Solutions Inc. specializes in building composite housing using a foam core made of 100% recycled plastic bottles. Ecoplast’s unique building process creates a product that is cost-effective, structurally superior, and environmentally friendly. Our team strives to improve the environmental quality of our planet by partnering with businesses, community leaders and neighbours to create a new line of architectural structures using 100% recycled core material. Visit our website to learn more: https://www.ecoplast-solutions.com
About Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a growth-oriented company that develops and 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. Visit our website to learn more: https://www.visionstate.com/
To learn more, please contact:
Exceed Solar Inc.
Elliot Putters, President
eputters@exceedsolar.com
Tel: 780-982-0635
Ecoplast Solutions
Jean-Marc d’Entremont, Managing Partner
info@ecoplast-solutions.com
Tel: 780-874-4625
Visionstate Corp.
John Putters, CEO
jputters@visionstate.com
Tel: 780-425-9460
CHF Capital Markets
Perry Rapagna, Manager Corp. Dev.
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 Introduces Technology Upgrades to Its WANDATM IoT Solution
Edmonton, Alberta, June 24, 2021 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”), a company that develops and invests in the research and development of promising new technology within the realms of the Internet of Things (IoT), big data and analytics, and sustainability, is pleased to announce significant new enhancements to its WANDATM Internet of Things solution.
The new technological capabilities include:
a QR Code feature that can be scanned by customers for feedback and can be used by cleaning staff for proof of location and to record activities on WandaMOBILE;
an auto-supply replenishment system to provide for just-in-time inventory capabilities, enabling WANDATM e-commerce function;
an overhaul to the analytics reporting that will provide more insights into cleaning efficiency and predictive measures.
Through the introduction of the new QR Code feature, WANDATM’s footprint will be effectively expanded to best reflect the new normal that has resulted from the COVID-19 pandemic. Given the nature of the pandemic resulting in customers’ reluctance to interact with WANDATM touchscreen units to input their feedback, Visionstate has implemented a QR Code system to provide for increased interaction through the comfort of smartphone devices. Additional new features also allow staff to scan the QR code and create an audit trail of their presence as well as use WandaMOBILE to record their activities and supply usage, among other critical information used to measure performance and efficiency.
Another value-add in the implementation of this new feature is to make the WANDATM solution less restroom-centric, with virtually no limitations on where QR codes can be incorporated. The QR code-driven WANDA™ is quick to deploy, with no physical hardware required, and can be disbursed throughout large public facilities in a matter of days.
In more exciting news on the technology development front, Visionstate is working with a global partner to enable automatic supply replenishment through the WANDATM solution. Through a cohesive effort, Visionstate aims to integrate a backend ordering system to provide for just-in-time inventory capabilities. Given the existing WANDATM processes that track inventory and supply usage, this welcome addition will allow customers to access the WANDATM portal to order directly from its global partner.
Given the importance of analytics as a tool to assess efficiency and gain insights into operations, Visionstate will be ramping up its analytics reporting to provide facility managers with more detailed insights into their cleaning efficiency. The objective behind the analytics overhaul is to enhance the derivation of predictive analytics on supplies and maintenance, using highly accurate people-counting sensors. The new analytics platform’s ability to predict supply shortages and maintenance issues based on foot traffic removes the need to have sensor-enabled devices inside the public facilities.
"Visionstate has always been dedicated to continuous development on all fronts - as the world changes, so do we. Our tech team, in conjunction with our partners, has been working on several advancements over the past year which are now seeing light and are very much appreciated by our customers and their customers accordingly. We will keep working on improving the existing suite of solutions and adding on to it as we go," said John Putters, CEO of Visionstate Corp.
About Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a growth-oriented company that develops, and 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. Visit the website to learn more: https://www.visionstate.com/
Issued on behalf of the Board of Directors
“John A. Putters”
Visionstate Corp.
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 Changes to Its Board of Directors
Edmonton, Alberta, June 11, 2021 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”), a company that develops, and invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability, today announces the resignation of two directors, Paul Fairbridge and Debra Williams, effective immediately. Both Paul and Debra have been dedicated and helpful in their roles on the Board of Directors for the Company for many years prior to their decision to step away due to personal reasons.
Paul Fairbridge helped guide the Company through some very challenging years. Now that the Company is sufficiently financed and profitable, Paul is comfortable to leave his job as Chairman of Visionstate to pursue his objectives of retiring and travelling more. A personal friend of Mr. Putters, and a retired executive with Ivanhoe Cambridge, one of the largest shopping centre operators in Canada, Paul is keen to watch his investment in the Company grow from the sidelines.
Debra Williams contributed to the growth of Visionstate in significant ways over the course of several years, including introducing and managing the first casino installment deal for Visionstate’s core WANDA™ product. A master at managing deployment along with customer service, Debra has decided to spend more time with her family, especially her three young grandchildren. A large investor in Visionstate, Debra will closely follow the Company’s progress.
John Putters, President and CEO, commented: “While news of departures is never welcomed, management also has the opportunity to make room for other talent to step in when Directors move on to pursue other passions. I cannot begin to explain how honoured we have been having these talented individuals assist Visionstate for so many years. Everyone at Visionstate sincerely thanks both Paul and Debra and wishes them good health and happiness always. We, in turn, are now looking at recruiting a new board member to provide bench-strength that will help take the Company into the next chapter.”
About Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a growth-oriented company that develops, and 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. Visit the website to learn more: https://www.visionstate.com/
Issued on behalf of the Board of Directors “John A. Putters” Visionstate Corp.
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 Distribution Partner Bunzl Canada Collaborates with Tork to Upgrade WANDA IoT Solution
Edmonton, Alberta, June 9, 2021 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”), a company that develops, and invests in the research and development of, promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability, is pleased to announce that its distribution partner, Bunzl Canada, a division of Bunzl Distribution USA, LLC, has partnered with Tork®, a leading global health and hygiene company, to integrate Visionstate’s WANDA™ facility management solution (labelled as wandaNEXT™ by Bunzl Canada) and Tork’s smart dispenser data into Bunzl’s digital cleaning program at Queen’s University in Kingston, Ontario.
wandaNEXT™, developed by Visionstate IoT and now in partnership with Bunzl, is a cleaning program management system with multiple IoT sensor-enabled data collection components. Its mobile application guides cleaning teams through customized cleaning procedures. The system’s audit function and real-time reporting gives facilities management continuous visibility so they can make scheduling adjustments, assign tasks, address training requirements, trigger supply orders and proactively address service requirements.
The pilot installation at Queen’s has the enthusiastic endorsement of the university’s facilities team. “We have always looked for opportunities to innovate to continually improve and enhance the cleanliness of our facilities,” said Barbara Wowk, Manager, Facilities, Housing and Ancillary Services at Queen’s University’s Residence Facilities Team. “We’re excited to work with Bunzl on this pilot installation to help us improve efficiency and enable our custodial team to devote additional time and attention to enhanced cleaning and hygiene protocols that are so critical to the health and safety of our students and faculty.”
The wandaNEXT™ solution combines comprehensive digital cleaning program management, including traffic monitoring, cleaning scheduling, task management and compliance reporting, with real-time dispenser data powered by Tork®. This real-time data helps cleaning teams work smarter by targeting immediate needs and proactively refilling dispensing units to improve hygiene and reduce waste.
“It’s a privilege to work in partnership with the Queen’s Facilities Team,” said Brock Tully, Vice President, Bunzl Cleaning & Hygiene. “They are committed to helping create a truly exceptional education experience, and wandaNEXT™ is an industry-leading innovation to help them do that. By using data from Tork®, one of the most trusted product brands with state-of-the-art smart dispensing, and a variety of other data collection points, the system tracks, verifies and validates cleaning quality and efficiency against specific cleaning protocols. That gives our customers the confidence that their facilities are healthy and safe - with proven results.”
wandaNEXT™ has a growing installation base that includes healthcare, retail, commercial office, conference, airport and distribution facilities across Canada and the United States. It has already been launched in the United Kingdom and Australia and was also recently introduced to the Belgian healthcare marketplace.
John Putters, President & CEO of Visionstate Corp., added: “It gives us nothing but pleasure to see WANDA™ penetrating new verticals and growing on a global scale too. Our suite of solutions keeps growing and Visionstate IoT is constantly working on technical upgrades and improvements. We see our efforts paying off every time out distribution partner makes yet another big sale or enters into agreements with other high-profile industry players. Our solutions do not have direct competition in the industry and WANDA™’s imprint can grow exponentially, both geographically and across verticals. Visionstate is looking forward to updating the market on further successes of the Company and its partners.”
About Bunzl Canada
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 USA
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 centres 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 Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a growth-oriented company that develops, and 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. Visit the website to learn more: https://www.visionstate.com/
Issued on behalf of the Board of Directors
“John A. Putters”
Visionstate Corp.
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 Reports Q2 2021 Results Highlighted by Growing Revenues and Profitability
Edmonton, Alberta, June 1, 2021 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”), a company that develops, and invests in the research and development of, promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability, is pleased to announce its second consecutive profitable quarter for the period ended March 31, 2021.
Highlights of the Second Quarter of 2021 include:
Total Revenue of $227,663 representing a tenfold increase compared to $20,256 during the same period in 2020.
Gross Profit of $225,218 compared to $18,702 during the same period in 2020.
Net Income (Loss) of $31,763 compared to ($192,572) during the same period in 2020.
To review the financial statements and MD&A for the quarter, please click here.
The development and subsequent deployment of WandaMOBILE represents a significant shift in the Company’s ability to provide a more comprehensive solution to the facility management industry. While WANDA™ tablets have historically been restroom centric, the mobile app expands the ability to collect data of cleaning activities throughout a facility. Management believes the addition of the mobile app to the WANDA™ suite of products will have a significant impact on future revenue generation.
Visionstate IoT sells its products through a large, global distributor (Bunzl) which carries inventory of the WANDA™ device and distributes directly to customers. In October 2020, the Company entered into a new three-year agreement with its partner that includes sales, marketing and distribution of the WANDA™ products. The agreement enables Visionstate to focus on developing new IoT technology while it earns residual revenue through license fees. The agreement also includes monthly retainer fees which represents a new and consistent revenue source for Visionstate.
John Putters, Founder and CEO of Visionstate, comments: “This is certainly an exciting time in the Company’s history. Revenues are driven primarily by the sale of our IoT product and derived from recurring licensing and software support fees, thus as the number of units increase, so does the revenue. With the Bunzl partnership in place, we were able to successfully focus the Company’s attention on the continued enhancement of the product software while leaving the sales and inventory management to the expertise of our partner. This will allow VIS to continue expanding the capabilities of the WANDA™ solution while collecting residual license and initial set up fees from Bunzl. We look forward to the rapid growth thanks to the nature of our software-as-a-service revenue model and continuing to innovate and expand into other industry verticals that are also focused on sustainability through data management.”
About Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a growth-oriented company that develops, and 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. Visit the website to learn more: https://www.visionstate.com/
Issued on behalf of the Board of Directors
“John A. Putters”
Visionstate Corp.
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 Freedom Cannabis Inc. Signs a New Deal
Edmonton, Alberta, May 18, 2021 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) is pleased to announce that Freedom Cannabis Inc. (“Freedom”), a portfolio company of Visionstate Corp., has entered into a non-binding Memorandum of Understanding with one of Canada’s leading extraction companies, Cannabis Tolling Solutions (“CTS”), to collaborate on strategic business opportunities, including establishing an extraction division of Freedom Cannabis Inc. and other partnership opportunities that leverage the respective strengths of the two companies.
CTS’s leading cannabis-extraction expertise and experience paired with Freedom’s vertically-integrated state-of-the-art cannabis production and sales capabilities will result in developing and operating top-tier extraction services within Freedom’s facilities.
“Freedom Cannabis Inc. is extremely proud of our cannabis products, highly-valued for their quality, strain popularity, and THC content. We have no doubt the addition of CTS 2.0 products will continue to achieve Freedom’s level of standards for quality and popularity,” said Gianfranco Potestio, Freedom’s CEO. “We are excited to explore this collaboration with CTS to deepen our vertical integration, broaden our product range into extract solutions, and create new revenue streams with experienced, innovative, and award-winning partners. We look forward to developing new, world-class extract products with the CTS team.”
About CTS
CTS is a privately-held, world-class extraction group with industry accolades and international awards for its top-shelf extracts products in the legal market, gray market, and cannabis events. In addition to being one of the most knowledgeable, dynamic, and well-connected cannabis consultants in Canada, with a long history in all facets of the cannabis industry, CTS CEO Andrew Freedman is a well-known author, personality, and cannabis sommelier ( https://thecannabissomm.com ). He has written for and been featured in many international publications, including High Times, The Globe and Mail, The Hollywood Reporter, LA Weekly, and many more. Andrew’s book “ Terpenes for Wellbeing ” was published in April 2021 and is currently on the Amazon bestseller list. One of the first people certified in Cannabis Edibles & Cuisine by the American Culinary Federation, Andrew writes, hosts events, and teaches seminars on cannabis and wine pairing, cannabis cocktails, and cannabis dining. He also leads several social media channels and hosts a podcast “Beers with Buds”.
About Freedom Cannabis Freedom Cannabis Inc. is a vertically-integrated cannabis company, employing more than 60 people, focused on producing the highest-quality cannabis. Freedom has cultivation, processing, and packaging capabilities for its proprietary cannabis products and contract services for third parties. Freedom operates in a state-of-the-art, 120,000 square foot indoor production facility in Acheson, Alberta. Freedom believes in environmental sustainability and has built Canada’s largest solar rooftop facility, reducing impact on the electrical grid. In addition, Freedom utilizes an automated watering system that recycles water, provides better water management, and minimizes impact on the area's utilities. Finally, Freedom implements automation in every production area to reduce the workload for its people and allow the company to do more for its consumers.
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.
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 Engages Stockhouse to Provide Digital Marketing and Investor Awareness Services
Edmonton, Alberta, April 29, 2021 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) is pleased to announce that it has engaged Stockhouse Publishing Ltd. (“Stockhouse”), which owns a streaming platform with one of the largest communities of retail investors in North America, to provide investor awareness and digital media communication services to the Company. Stockhouse records on average over 1 million unique investors per month, with over 400,000 registered members.
John Putters, President and CEO of Visionstate, says: “We are delighted to have retained Stockhouse to help us reach a wider audience. Visionstate’s story has never been more relevant than now. We have always said that our mission as a Company is to make the world a better place and we do so by developing and incorporating unique Internet of Things (IoT) solutions that are used globally and in a wide range of industry verticals, all revolving around the ideas of sustainability and improvement of operational efficiencies. We are not just in a revenue mode, we are reporting profits and are ready to scale up – it’s time for Visionstate to become top of the mind of the investment community, and this is one of our priorities for 2021 alongside further business development and expansion of our IoT capabilities.”
Effective immediately, the terms of the agreement include 12 months of services and can be extended thereafter if Visionstate deems it appropriate. The agreement will allow Company press releases, editorial pieces and other marketing materials prepared by Stockhouse and/or the Company to be accessible through the Stockhouse portal.
About Visionstate Corp.
Visionstate Corp. (TSX-V: 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.
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 Signs Letter of Intent to Acquire Exceed Solar, a Renewable Energy Company
Edmonton, Alberta, April 23, 2021 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) is pleased to announce that on April 15, 2021, it has signed a Letter of Intent to acquire the outstanding shares of Exceed Solar, an Alberta-based renewable energy company focused on smart, high-tech building envelopes for residential applications. The strategic acquisition is in line with Visionstate’s mission of advancing sustainability and represents a business opportunity for both companies as they explore synergies between their technologies.
Visionstate Corp. will acquire the outstanding shares of Exceed Solar for $100,000 cash and $200,000 in Visionstate Corp. shares at $0.10 for a total consideration of $300,000. Visionstate currently owns 40% of Exceed Solar through a convertible debenture of $200,000 signed between the companies in April 2018. The acquisition of Exceed Solar, valued at a total of $500,000, was approved by shareholders of Visionstate Corp. at the Company’s Annual General Meeting in October 2020.
Exceed Solar’s focus is on residential applications such as studios, greenhouses and garden suites that come packaged with plug-and-play solar energy. The company is currently executing on a high-tech, solar-powered greenhouse in partnership with the University of Alberta Engineering and Energy Management and Sustainable Operations departments. Research is focused on efficient energy use and cutting-edge growing applications in permaculture.
“Since the COVID-19 outbreak, more and more homeowners are turning toward backyard gardening to supplement their food supplies,” explained Visionstate CEO John Putters. “Food costs have risen dramatically over the past 18 months and will continue to do so as a result of climate change factors and the need for food security. Renewable energy applications will continue to grow in demand as we move toward using green energy to power our economies. We are very excited about the future of Exceed Solar.”
Exceed Solar’s corporate objective is to design building envelopes using sustainable materials, technology, and renewable energy in one scalable package. By using environmentally friendly structural insulated panels, the building envelopes can be easily scaled according to the project.
“Exceed Solar has learned from the evolution of computer development. Initially the PC was complex and required configuration and different components to work effectively. Today, consumers can purchase a complete package that only requires power,” added Putters.
Visionstate will be working with the Exceed Solar team and the University of Alberta to identify areas where IoT, or Internet of Things, technology can be incorporated to measure energy use and environmental conditions related to the growing cycle.
The acquisition of Exceed Solar is subject to the TSX Venture Exchange approval and a final approval from Visionstate Corp. Board of Directors.
About Visionstate Corp.
Visionstate Corp. (TSX-V: 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.
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 Creates Vertical to Dev. IoT Solutions within Cannabis Sector; Signs $500,000 Contract
Edmonton, Alberta, April 15, 2021 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”), is pleased to announce it has created a new corporate entity named NEXT Vision Inc., a wholly owned division of Visionstate Corp., to develop Internet of Things (“IoT”) technology for the cannabis sector. By incorporating the Company’s solid knowhow from years developing, executing and selling software solutions for any kind of facility, Visionstate identified a need in facilities that grow and harvest cannabis, and to that end has landed a $500,000 contract.
NEXT Vision Inc. will leverage off the IoT platform for the facilities management sector to create new industry sectors.
Visionstate CEO John Putters explains, “There is no question that IoT technology is increasingly becoming critical to a corporation’s operations. Whether it’s analytics, predictive maintenance, or introducing new efficiencies in operations, IoT has demonstrated returns on investment. For licenced producers, the higher the crop’s quality coupled with cost-effective solutions, the better it is for the producer overall. We are focussing our technology on bringing about those positive results.”
Recently the cannabis sector has experienced a resurgence of activity as speculation mounts that the US will likely legalize or decriminalize cannabis at a federal level. Meanwhile, the cannabis sector has proven to be immune from the effects of COVID-19, witnessing increased sales and revenues despite the lockdowns that have occurred across Canada.
The inaugural contract provides NEXT Vision Inc. the ability to develop a tailored IoT solution for the cannabis sector. It includes introducing new sensor equipment, designing communication protocols between sensors, and developing robust data and analytics that provide insight into the efficiency of operations. Monitoring processes and equipment within larger licenced producers will include lighting, heat, and other environmental conditions, as well as standard procedures that are required to be met by the producers.
About Visionstate Corp.
Visionstate Corp. (TSX-V: 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.
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.
Demand for Visionstate Investment Spurs Additional $455,000 Placement
Edmonton, Alberta, March 18, 2021 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) is pleased to announce that due to strong investor demand the Company will raise $455,000 in a non-brokered private placement offering of up to approximately 7,000,000 units, at a price of $0.065 per Unit, subject to regulatory approval. Each Unit is comprised of one (1) common share in the capital of Visionstate Corp. (VIS) and one (1) common share purchase warrant at $0.085 cents for a period of 36 months from the date of closing.
The closing of the offering is subject to certain conditions, including but not limited to, the receipt of all regulatory approvals, including the acceptance of the TSX Venture Exchange. The securities issued under the offering will be subject to the standard four-month hold.
Visionstate intends to use the proceeds from the Private Placement to invest in corporate development and awareness, general operating capital, sales and marketing, and investing into IoT platforms to apply to renewable energy projects.
About Visionstate Corp.
Visionstate Corp. (TSX-V: 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 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.
Visionstate Retains CHF Capital Markets for Investor Relations & Corporate Communications Services
Edmonton, Alberta, March 3, 2021 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) is pleased to announce that it has engaged CHF Capital Markets (“CHF”), a highly-regarded Canadian investor relations and capital markets firm, as its representative.
“2020 proved to be a pivotal year in the Company’s history with the pandemic forcing public facilities to finally realize the importance of cleaning compliance, tracking and accountability. Visionstate focused most of its efforts on business development in the past year, having seen an unprecedented surge in the interest in the Company’s WANDA IoT solution. The results of those efforts are now in – Visionstate has reported its first operational profit and keeps growing at an accelerated pace. Therefore, we feel that now is the perfect time to get the Company’s name in front of a larger group of investors and ramp up our IR, PR and Marketing activities. Visionstate has had the pleasure of working with the CHF team in the past and we are very impressed with the work they have done for us,” said John Putters, CEO of Visionstate. “With a lot of exciting developments Visionstate has on the horizon, we are looking forward to partnering with CHF to help present our message across multiple communication channels.”
Effective immediately, the services agreement for investment community outreach, corporate communications and digital marketing is for a term of 12 months ending February 28, 2022. Thereafter, the contract may be extended with a two months’ termination notice. Under the terms of the agreement, which is subject to the TSX Venture Exchange approval, CHF will receive a monthly compensation of $6,500 + GST. CHF has been granted incentive stock option of 500,000 shares priced in the context of the market.
About CHF Capital Markets
CHF Capital Markets (www.chfcapital.com) is a Toronto-based firm specializing in Investor Relations. With more than 80 years of collective IR & Capital Markets experience, CHF has been a trusted partner for many public companies in Canada and worldwide, operating in a broad range of industries including Mining, Technology, Financial Services, Healthcare, Oil & Gas, and Special Situations.
Its team consists of a diverse pool of talent that combines analytical and creative skills – high-profile communications and investment industry specialists, digital media experts, content creators and graphic designers – making it a one-stop shop for all your communication needs in the public sector.
About Visionstate Corp.
Visionstate Corp. (TSX-V: 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. Visit the website to learn more: https://www.visionstate.com/
Issued on behalf of the Board of Directors
“John A. Putters”
Visionstate Corp.
Visionstate Reports Its First Profitable Quarter
Edmonton, Alberta, March 2, 2021 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”), a 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, today announced its first quarterly profit for the period ended December 31, 2020.
Highlights of the First Quarter of 2021 include:
Total Revenue of $120,506 compared to $101,714 during the same period in 2019.
Gross Profit of $120,708 compared to $97,047 during the same period in 2019.
Net Income (Loss) of $40,893 compared to ($62,593) during the same period in 2019.
To review the financial statements and MD&A for the quarter, please click here.
The development and subsequent deployment of WandaMOBILE represents a significant shift in the Company’s ability to provide a more comprehensive solution to the facility management industry. While Wanda tablets have historically been restroom centric, the mobile app expands the ability to collect data of cleaning activities throughout a facility. Management believes the addition of the mobile app to the Wanda suite of products will have a significant impact on future revenue generation.
Visionstate IoT sells its products through a large, global distributor (Bunzl) which carries inventory of the Wanda device and distributes directly to customers. In October 2020, the Company entered into a new three-year agreement with its partner that includes sales, marketing and distribution of the Wanda products. The agreement enables Visionstate to focus on developing new IoT technology while it earns residual revenue through license fees. The agreement also includes monthly retainer fees which represents a new and consistent revenue source for Visionstate.
John Putters, Founder and CEO of Visionstate, comments: “This is certainly an exciting time in the Company’s history. Revenues are driven primarily by the sale of our IoT product and derived from recurring licensing and software support fees, thus as the number of units increase, so does the revenue. With the Bunzl partnership in place, we were able to successfully focus the Company’s attention on the continued enhancement of the product software while leaving the sales and inventory management to the expertise of our partner. This will allow VIS to continue expanding the capabilities of the Wanda solution while collecting residual license and initial set up fees from Bunzl. We look forward to the rapid growth thanks to the nature of our software-as-a-service revenue model and continuing to innovate and expand into other industry verticals that are also focused on sustainability through date management.”
About Visionstate Corp.
Visionstate Corp. (TSX-V: 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. Visit the website to learn more: https://www.visionstate.com/
Issued on behalf of the Board of Directors
“John A. Putters”
Visionstate Corp.
