Visionstate Corp. Appoints Debra Williams to Board of Directors
EDMONTON, ALBERTA – Visionstate™ Corp. (TSX VENTURE:VIS) Visionstate (or “the Company”) is pleased to announce the appointment of Debra Williams to the Board of Directors.
Debra is an accomplished Senior Executive and Digital Transformation Strategist with more than 30 years of success in the information technology industry. She brings with her a unique global perspective and will provide Visionstate with valuable thought leadership and credibility as we consider strategic acquisitions and bring new disruptive and sustainable products to market.
Debra founded SeaBlue Inc. in 2006, a strategic consulting firm that provides diverse industry thought leadership creating and executing complex value driven digital transformational strategies incorporating technology such as business intelligence, big data insights, predictive analytics, IoT, AI and cognitive technologies.
Known and respected for her thought leadership, high integrity, credibility and transparent approach she sits on Strategic Advisory Boards, including GlanceCSE:GET and Visionstate Corp CVE:VIS.
Debra has held strategic executive level roles at IBM, MicroStrategy, Teradata, Rogers Communications and Bell Canada. During her tenure at IBM, she led the organization’s national Business Analytics strategy practice, followed by heading up the Industry Strategy practice for the Media, Entertainment and Communication sector for North America. In those roles she created a new customer engagement model that tied together go-to market teams with IBM’s global diverse business units and products, providing valuable new data-driven solutions and value-driven outcomes. She was able to turn this into a set of relevant next generation industry solutions including strategy and execution services that drove a significant net new revenue stream for IBM.
As an Ambassador for Woman of Influence, she advocates for advancing opportunities for women in technology. She has given back to the global community through continued volunteer work it marginalized countries, building homes, an education and recreational facility and teaching sustainable skills to provide the education needed to prosper independently while supporting families and communities.
Visionstate Announces Final TSXV Acceptance for Private Placement
EDMONTON, ALBERTA – Visionstate™ Corp. (TSX VENTURE: VIS) ("Visionstate" or the "Company") is pleased to announce that further to its announcement on February 22, 2018, Visionstate has received final acceptance from the TSX Venture Exchange of the non-brokered private placement financing (“Private Placement”) of 7,000,000 units (“Units”) at a price of $0.05 per Unit for gross proceeds of $350,000. Each Unit is comprised of one (1) common share in the capital of the Company (“Common Share”) and one (1) Common Share purchase warrant (“Warrant”). Each Warrant entitles the holder to purchase one (1) additional Common Share at a price of $0.075 per Common Share for a period of two (2) years following the date of closing (the “Term”). In the event the Common Shares close at a price of greater than $0.15 per Common Share for a period of greater than twenty (20) consecutive trading days, then the Term of the Warrants shall be automatically accelerated and shortened from two (2) years to thirty (30) calendar days following the date a press release is issued by the Company announcing the reduced Term, and the issuance of the press release shall be deemed to be sufficient notice to all warrant holders of the shortened Term as a result of the acceleration. Visionstate intends to use the proceeds from the Private Placement for acquisitions, technology development and general working capital. The participation in the Private Placement by directors and executive officers of Visionstate may be considered a "related party transaction" (the “Related Party”) as defined under Multilateral Instrument 61-101 ("MI 61-101"). Visionstate has determined that exemptions from the formal valuation and minority shareholder approval requirements under MI 61-101 are available. In particular, Visionstate has determined that the exemptions set out in paragraphs (a) and (b) in section 5.5 of MI 61-101 are applicable since the aggregate consideration to be paid by the Related Party does not exceed 25% of the market capitalization of Visionstate and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange. In addition, regarding the minority shareholder approval exemptions, the independent directors have determined that the exemptions set out in paragraphs (1)(a) and (b) in section 5.7 of MI 61-101 are applicable in that the aggregate consideration to be paid by the Related Party does not exceed 25% of the market capitalization of Visionstate, the distribution of the securities to the Related Party has a fair market value of not more than $2,500,000 and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange. The securities issued under the Private Placement are subject to a four-month hold period from the time of closing of the Private Placement.
Visionstate Corp. Announces Hiring of Director of Marketing and Communications
EDMONTON, Alberta, March 26, 2018 (GLOBE NEWSWIRE) -- Visionstate Corp. (TSX VENTURE:VIS) is pleased to announce the addition of Christine Beuchert to its executive team, in the newly created position of Director of Marketing and Communications.
Christine brings a wealth of communications, strategic planning, digital marketing and brand development expertise to the Visionstate team. Prior to this, she had budget responsibility overseeing advertising, marketing strategy and corporate communications as Senior Director of Marketing at Marcus Hotels. Her expertise in digital development and transformation for the hospitality industry will be a valuable asset as our hospitality targeted CINDI solution with integrated artificial intelligence becomes market ready.
Her experience includes developing corporate marketing strategies and launch campaigns for new products and solutions, cultivating strategic partnerships, and leading successful product development initiatives. Christine has managed corporate media relations and PR, which will be valuable in gaining media and industry attention focused on Visionstate’s solutions.
“As the organization grows rapidly in size and scope, we require senior marketing expertise to tell our brand story and market our solutions globally,” explained John Putters, CEO of Visionstate Corp. “Christine’s background and extensive industry expertise will be invaluable to us in developing and launching new solutions and generating overall awareness of Visionstate.”
The appointment reflects the growing need for clear and comprehensive marketing and communication strategies that will generate industry awareness and support sales efforts and partnerships as Visionstate continues to add new solutions, technologies and companies to its portfolio.