John A 2022-10-31 John A 2022-10-31

Visionstate's WANDA™ Expands to Equipment Tracking, Sales Queue Grows to More Than 100 Companies

EDMONTON, Alberta - October 31, 2022 - Visionstate Corp. (TSXV: VIS) ("Visionstate" or the “Corporation”) is pleased to announce significant growth in the deployment and interest in the Company’s WANDA™ technology, an IoT (Internet of Things) application designed to track cleaning and maintenance protocols in public facilities.

In the previous quarter, the Company installed its technology in several new locations, including shopping malls, Class “A” office buildings, casinos, and municipalities. The demand for WANDA™ is steadily increasing as facility management moves toward digitalization to capture key analytics on its operations.

“Ever since the COVID lockdowns ended we have seen a dramatic rise in interest for the WANDA™ platform,” explained Shannon Moore, Director of Sales and Marketing for Visionstate IoT Inc. “Building operators are turning to technology to track cleaning and maintenance activities to increase operational efficiencies and to provide a safer environment for the public.”

“Currently we are dealing with a list of more than 100 companies that are interested in implementing our WANDA™ platform,” she explained. “This includes everything from large retailers to municipalities.”

Part of the increase in demand is due to the expansion of WANDA™ ’s capabilities. Originally, WANDA™ was designed to track cleaning and maintenance in restrooms. Using QR codes and its mobile app, WANDA™ is now able to track assets and inventory in addition to cleaning and maintenance protocols.

Visionstate recently implemented WANDA™ at a major Canadian-based hospital to track high-value assets such as wheelchairs and gurneys. Not only can WANDA™ track asset usage, but also the history of the cleaning and maintenance schedules, all at a fingertip.

“WandaMOBILE makes it easy to track high-value assets and inventory,” Moore explained. “The additional benefit is that building managers also have access to the cleaning history, which is particularly important in the hospital environment.”

WANDA™ is based on a subscription model, or software as a service, making it easy and affordable to implement. Visionstate charges customers an activation fee based on the number of users. As the size of the customer grows, the number of activations grows with it.

“Executing on our current customer list represents the potential for several million in residual, booked revenue,” said Moore. “Our goal is to acquire new customers quickly to build our residual income base.”

About Visionstate Corp.

Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences.

Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.

To learn more, please contact:

Visionstate Corp.
John Putters, Chief Executive Officer
Tel: 780-425-9460
Email: jputters@visionstate.com

CHF Capital Markets
Perry Rapagna, Manager, Corporate Development & Senior Account Manager
Tel: 416-868-1079 x230
Email: perry@chfir.com

CAUTIONARY STATEMENT

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Forward-Looking Statements

Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

John A 2022-09-21 John A 2022-09-21

Visionstate Portfolio Company Exceed Solar Launches Strategy to Address Food Security

EDMONTON, Alberta, September 21, 2022 - Visionstate Corp. (TSXV: VIS) ("Visionstate" or the “Corporation”) is pleased to announce its portfolio company, Exceed Solar Inc., has launched an innovative strategy to address mounting concerns over food security in municipalities across Canada.

Exceed Solar Inc. (“Exceed Solar” or “Exceed”), which builds high-tech greenhouses, is creating a community-based food network within the City of Edmonton to help build “growing capacity” in order to address rising food costs and supply shortages. The first greenhouse and community garden were developed in partnership with Freedom Cannabis Inc. (“Freedom”), an Alberta-based company that is also committed to positive social impact.

The initiative involves Exceed Solar supplying its 240-square-foot high-tech greenhouses to businesses and community leagues, in conjunction with a community garden, through sponsorships and donations. The harvest from the gardens is donated to community food banks to help ease the burden of food shortages and rising costs.

“We have found that the buy-in from businesses and community leagues in Edmonton has been exceptional,” explained Elliott Putters, CEO of Exceed Solar. “We all recognize the challenges in front of us when it comes to accessing affordable food and assisting the less fortunate in our society.”

The community garden and greenhouse were installed at Freedom Cannabis Inc. in the summer of 2022, with staff and management playing an active role in maintaining the gardens. The company grew an assortment of vegetables, including celery, tomatoes, Swiss chard, carrots, and spinach, that will be harvested this fall and donated to the campus food bank at the University of Alberta.

“Not only is Freedom living up to its core values in growing great people, but there is a deep sense of satisfaction within our company, knowing that we have helped people that may be less fortunate,” explained Johnfrank Potestio, CEO of Freedom Cannabis Inc.

Exceed’s Sol Greenhouses are a necessary ingredient in fighting the effects of climate change and the associated food shortages. The greenhouses feature a solar-powered heat-pump system that not only extends the growing season, but more recently has been important in cooling the greenhouses during the long stretches of unseasonably hot weather. The main structures of the greenhouses are built with recycled plastic bottles supplied by Ecoplast Solutions, an Alberta-based company.

Exceed Solar has two more community leagues in the queue for the food network which will be launched in the coming months.

“A community-based initiative not only builds capacity in those communities,” Putters explained, “but also becomes a central focus, bringing residents even closer to their communities.”

Exceed Solar would like to thank its sponsors for this important initiative, including AltaPro Electric Inc, Visionstate Inc., and Freedom Cannabis Inc.

About Visionstate Corp.

Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences.

About Exceed Solar Inc.

Exceed Solar Inc. is a social enterprise and the builder of ‘Sol Spaces’ - a product line of building structures that are consciously engineered and constructed to enhance daily life, empower healthy communities, and contribute to the sustainability of the planet. The Sol Greenhouse, Sol Studio and Sol Garden Suite are each innovatively designed to meet a unique and earnest customer profile including individual homeowners, community service groups, the restaurant and hospitality sector and municipalities in Edmonton and northern Alberta.

Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.

To learn more, please contact:

Visionstate Corp.
John Putters, Chief Executive Officer
Tel: 780-425-9460
Email: jputters@visionstate.com

CHF Capital Markets
Perry Rapagna, Manager, Corporate Development & Senior Account Manager
Tel: 416-868-1079 x230
Email: perry@chfir.com

CAUTIONARY STATEMENT

Forward-Looking Statements

John A 2022-09-19 John A 2022-09-19

Visionstate Corp. portfolio company Freedom Cannabis completes acquisition

EDMONTON, Alberta, September 19, 2022 - Visionstate Corp. (TSXV: VIS) ("Visionstate" or the “Corporation”) is pleased to announce that portfolio company Freedom Cannabis Inc., a Canadian producer of premier cannabis products, has signed a definitive agreement to acquire the assets of Calgary-based Boaz Pharmaceuticals Inc. (boazpharm.com).

The acquisition of Boaz is expected to double the revenue for Freedom Cannabis as it expands its growing footprint. Visionstate is an early investor in Freedom Cannabis and owns approximately 3.2 million shares.

With 126,000 square feet of cultivation and manufacturing space, the Boaz assets are expected to double the production capacity of Freedom’s existing facility and provide entrance into cannabis 2.0 products. The Boaz assets consist primarily of 44 specially repurposed shipping containers equipped with new technologies to produce superior quality crops and higher yields. The containers provide opportunities for scalability and ease of installation and allow for expansion of new cannabis strains. Each container is expected to hold approximately 850 cannabis plants and yield approximately 40,000 grams.

Key Transaction Highlights:

Expands production capacity: The containers are expected to double the production capacity of the existing facility.
Lower production costs: The containers are outfitted with innovative technology which will increase yields and lower operating costs to contribute to cost efficiencies.
Enhances branded product: Boaz has a series of cannabis 2.0 products which will be integrated and expanded upon to provide diversification in Freedom’s product offering to retail consumers. In addition, Boaz has an extensive catalog of cannabis strains with the ability to supply those strains to customers.
Shareholder value: The transaction will deliver additional EBITDA to shareholders through synergies and other strategic initiatives.
Equity Investment: The principal shareholders of Boaz have committed to investing $1.8 million into Freedom Cannabis providing the Company additional working capital and demonstrating Boaz’s commitment to Freedom Cannabis.

“This is an exciting step toward our vision of expanding the scale of our quality cannabis products, while contributing to overall shareholder value,” explained Johnfrank Potestio, CEO of Freedom Cannabis. “Boaz has a demonstrated history of producing quality craft cannabis and will integrate seamlessly with our own products.”

The acquisition will provide Freedom Cannabis with additional packaging equipment for the Company’s fast-growing services division, additional growing capacity to meet the rising demand for retail products across Canada and secure a foothold into the cannabis 2.0 market.

Additionally, Freedom will acquire all inventory for Boaz and product SKUs currently offered throughout Canada, including in provinces currently not served by Freedom Cannabis, particularly in the Maritimes where Boaz has a strong market presence.

Freedom Cannabis will also be acquiring important intellectual property assets, including IP associated with Boaz’s extracts division and K-Cup product which is a unique cannabis-infused coffee drink.

“This acquisition demonstrates our commitment to revenue growth and increasing shareholder value,” explained Potestio. “Freedom Cannabis is quickly becoming one of the most well recognized and respected brands in the cannabis sector, and the acquisition of Boaz is another step in that direction.”

About Freedom Cannabis

Freedom is a leader in the cannabis industry with a focus on servicing the adult recreational market. Headquartered in Acheson, Alberta, Freedom is focused on changing lives and becoming a cult-like brand through growing quality cannabis. Driven by science and innovation, and with a focus on high quality cannabis products, Freedom continues to focus on meeting the needs of the adult cannabis recreational market.

About Visionstate Corp.

Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.

To learn more, please contact:

Visionstate Corp.
John Putters, Chief Executive Officer
Tel: 780-425-9460
Email: jputters@visionstate.com

CHF Capital Markets
Perry Rapagna, Manager, Corporate Development & Senior Account Manager
Tel: 416-868-1079 x230
Email: perry@chfir.com

CAUTIONARY STATEMENT

Forward-Looking Statements

John A 2022-09-12 John A 2022-09-12

Visionstate Announces Financing to Enhance Product Development and Marketing

EDMONTON, Alberta, September 12, 2022 - Visionstate Corp. (TSXV: VIS) ("Visionstate" or the “Corporation”) is pleased to announce that, subject to regulatory approval, the Corporation intends to complete an offering ("Offering") of up to 17,500,000 units of the Corporation (“Units”) at a price of $0.02 per Unit for gross proceeds of up to $350,000. Each Unit is comprised of one (1) common share of Visionstate (“Common Share”) and one (1) Common Share purchase warrant (“Warrant”) whereby each Warrant entitles the holder to purchase one (1) additional Common Share at a price of $0.05 per Common Share for a period of two (2) years following the date of closing.

The price per Common Share has been set at the last trading price on the TSX Venture Exchange before the issuance of this press release.

The net proceeds from the sale of Units will be used by the Corporation for marketing and sales initiatives, research and development to enhance the Company’s technology, general operating capital and investigating a quotation on the U.S. OTCQB.

In connection with the Offering, Visionstate will be relying on the existing security holders’ exemption as well as other available prospectus exemptions. For those investors relying upon the exemption for existing security holders, the aggregate acquisition cost to a subscribing shareholder of all securities of Visionstate cannot exceed $15,000 in the previous 12 months, unless that shareholder has obtained advice regarding the suitability of the investment from a registered investment dealer in the subscriber’s jurisdiction. The offer to purchase Units is available to all security holders of Visionstate who held common shares on the record date of September 11, 2022. Shareholders resident in countries other than Canada need to meet local jurisdiction requirements to participate. If Visionstate receives total subscriptions pursuant to the existing security holders’ exemption which causes the Offering to exceed $350,000, Visionstate will accept such subscriptions on a first come, first served basis.

In accordance with TSX Venture Exchange Policy 4.1, the Corporation wishes to advise that it will not be proceeding with the previously announced private placement on June 24, 2022. The Corporation still wishes to proceed with a private placement and accordingly confirms this by way of this press release.

About Visionstate Corp.

Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact, and transform consumer experiences.

Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.

To learn more, please contact:

Visionstate Corp.
John Putters, Chief Executive Officer
Tel: 780-425-9460
Email: jputters@visionstate.com

CHF Capital Markets
Perry Rapagna, Manager, Corporate Development & Senior Account Manager
Tel: 416-868-1079 x230
Email: perry@chfir.com

CAUTIONARY STATEMENT

Forward-Looking Statements

John A 2022-07-27 John A 2022-07-27

Visionstate’s WANDA™ Launched in Europe, Opening New Markets for IoT Technology

IoT Cleaning Application Now Part of Picardy Wallonia Hospital’s Ultra-Efficient Digital Architecture

EDMONTON, Alberta, July 27, 2022 - Visionstate Corp. (TSXV: VIS) ("Visionstate" or the “Corporation”) is pleased to announce that with its long-term partner Bunzl Canada Inc. (“Bunzl”) it has deployed its proprietary WANDA™ IoT technology in the European market at an innovative hospital in Belgium. The launch of the Company’s mobile app represents the first installation in Europe and expands Visionstate’s reach beyond the installations already at 26 hospitals in North America.

The Picardy Wallonia hospital (CHwapi) is an ambitious, innovative hospital project designed to meet current and future health challenges. Its singular mission is to serve its community by promoting “well-being and being well” in a human-focused environment. That environment is comprised of clean, bright, and green spaces connected by an ultra-efficient digital architecture that includes a range of "intelligent" solutions such as digitized appointment making and signage, geolocation of equipment in real-time (RTLS), home automation and telemedicine, a new self-serve maternity support app and more.

“The WandaNEXT IoT cleaning management platform is a natural addition to our state-of-the-art facility,” said Rudy Varenne, Managing Director at Crèche Les CHwa’ptis (ACBL). “The CHwapi environment has been designed to provide a best-in-class experience for both patients and healthcare providers. This platform supports our ability to do that with better visibility and continuous improvements in quality and efficiency.”

WandaNEXT enables healthcare, education, assisted living and commercial facilities to track and verify cleaning activities, validate quality through regularly scheduled audits, and alert cleaning teams to service requirements (such as discharge cleaning routines). It also facilitates schedule optimization, activity management, consumption tracking, end-user feedback and administrative reporting.

Hugues Robert, Managing Director of Global Net Belgium, a Bunzl cleaning and hygiene company, comments, “We are convinced that through the use of WandaNEXT, the Belgian short- and long-stay healthcare market will be able to accelerate the digitization of its cleaning and facility management process in the broadest sense while simplifying the documentation and audit process. We are all very excited to participate in this project within CHwapi and are already very pleased to see the number of expressions of interest from other players in the healthcare market.”

The pilot implementation at CHwapi began earlier this month and will be evaluated over a six-month period. Cleaning teams use cleaning trolleys equipped with tablets that enable them to refer to specific cleaning protocols required for each room type. Dynamic task assignments are delivered in real-time so that cleaning team members are aware of immediate service needs as well as scheduled daily, weekly, and monthly tasks. Audit features are used to monitor quality and identify training and support requirements.

“Now more than ever, facilities in critical environments such as healthcare, education, long-term care, and assisted living must verify and validate that cleaning and disinfecting is being done correctly and at the right intervals,” said Margo Hunnisett, Vice President, Marketing and Communications at Bunzl Canada, where the WandaNEXT product was developed by Visionstate IoT.

Visionstate continues to work in partnership with Bunzl to develop new system features and functionality. The partners are currently completing a pilot project that includes surface diagnostics using ATP testing technology.

WandaNEXT has a growing installation base that includes healthcare, education, retail, commercial office, conference, airport and distribution facilities across Canada, the United States, the United Kingdom, and Europe.

About Visionstate Corp.

Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact, and transform consumer experiences.

Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.

To learn more, please contact:

Visionstate Corp.
John Putters, Chief Executive Officer
Tel: 780-425-9460
Email: jputters@visionstate.com

CHF Capital Markets
Cathy Hume
Tel: 416-868-1079 x251
Email: cathy@chfir.com

CAUTIONARY STATEMENT

Forward-Looking Statements

John A 2022-07-20 John A 2022-07-20

Visionstate Corp. Provides Corporate Update

EDMONTON, Alberta, July 20, 2022 - Visionstate Corp. (TSXV: VIS) ("Visionstate" or the “Corporation”) provided a corporate update to address recent, significant milestones.

In the past couple of months, Visionstate has demonstrated major growth in sales and deployments of its WANDA™ cleaning-tracking technology. As the Company continues to grow its partnership, increase internal sales, and focus on its technology development, recognition for WANDA™ is expected to grow at a rapid pace.

Some of the highlights from the corporate milestones include:

Successful Trial at the Metro Toronto Convention Center
- Along with a successful showcasing of WANDA™ at the ISSA Canada Show, Visionstate is pleased to announce that it has also completed a successful trial in the washrooms at the Metro Toronto Convention Centre, which has now captured the attention of other facilities.
Installation in the City of St. Albert
- Following Visionstate’s campaign with the City of Edmonton to manage cleaning activities and maintenance of the city’s 400 bus shelters, QR codes are now being planned to be installed in the City of St. Albert, representing another exciting new vertical for the Company.
Expansion at Blackstone
- Visionstate’s long-term customer Blackstone is expanding their WANDA™ locations by more than 300% with approximately 100 WANDA™ tablets, giving further validation for Visionstate’s position within the market.
Partnership with Grey Nuns Community Hospital
- Visionstate has established a long-running partnership with the Grey Nuns Community Hospital (GNCH), a part of Covenant Health that has 18 sites located in 12 communities across Alberta. The Company has developed an asset management system that GNCH is using to monitor its equipment. This new development opens many new opportunities in all sectors.
Activation at the University of Saskatchewan
- Activations of the Company’s unique Internet of Things (IoT) have been estimated to include 1,800 deployments within the University of Saskatchewan. For each activation of the mobile application, Visionstate measures its success based on the rate of customer acquisition. Visionstate is currently developing a plan to manage data in a way that the university can digest and use efficiently.
Installation at the Grand Villa Casino
- Visionstate announced that they have completed installation at the Grand Villa Casino.
Integration at Hygenia
- Visionstate reported that it is close to completing its integration at Hygenia and that the Company will be able to conduct surface testing for audits. The Company is also working on HVAC tracking to measure air quality which will be made available in the coming months.
On-going Conversation with an International Hotel Chain
- Visionstate is making great headway with a hotel located in the heart of Banff National Park. The hotel has been providing hospitality to its guests for more than 130 years with its 745 guest rooms and suites. This relationship represents the first hotel for Visionstate and another exciting milestone for the Company.

John Putters, CEO of Visionstate, commented, “As we continue to build our position within the market, and scale WANDA™, we feel confident that we will be able to replicate our efforts into other large facilities.” Putters added, “We strive to find like-minded partnerships for successful business development. What we learn from every partnership is that no two businesses function the same and we will continue to find ways to make WANDA™ work for them. Sometimes it pushes us creatively, but out-of-the-box thinking keeps every day interesting and innovative.”

Visionstate is now prioritizing on finalizing details for many more installations, including malls, healthcare facilities, resorts, school divisions, commercial facilities, casinos, universities, and coast-to-coast cleaning companies in the United States. Outside of Visionstate’s partnership with Bunzl Canada, the Company is also forging ahead with internal sales.

About Visionstate Corp.:
Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centers, and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences. To learn more, please visit our website at www.visionstate.com.

Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.

To learn more, please contact:

Visionstate Corp.
John Putters, Chief Executive Officer
Tel: 780-425-9460
Email: jputters@visionstate.com

CHF Capital Markets
Cathy Hume
Tel: 416-868-1079 x251
Email: cathy@chfir.com

CAUTIONARY STATEMENT

Forward-Looking Statements

Michael Jang 2022-06-24 Michael Jang 2022-06-24

Visionstate Corp. Announces Private Placement

EDMONTON, Alberta, June 24, 2022 - Visionstate Corp. (TSXV: VIS) ("Visionstate" or the “Corporation”) is pleased to announce that, subject to regulatory approval, the Corporation intends to complete an offering ("Offering") of up to 12,500,000 common shares of the Corporation (“Common Share”) at a price of $0.04 per Common Share for gross proceeds of up to $500,000.

The Offering includes one full warrant at $0.05 for every Common Share purchased, with an expiry date 24 months after the closing of the private placement. The price per Common Share has been set at the last trading price on the TSX Venture Exchange before the issuance of this press release.

The net proceeds from the sale of units will be used by the Corporation for marketing and sales initiatives, research and development to enhance the Company’s technology, operating capital and investigating a US quotation on the OTCQB.

In connection with the Offering, Visionstate will be relying on the existing security holders’ exemption as well as other available prospectus exemptions. For those investors relying upon the exemption for existing security holders, the aggregate acquisition cost to a subscribing shareholder of all securities of Visionstate cannot exceed $15,000 in the previous 12 months, unless that shareholder has obtained advice regarding the suitability of the investment from a registered investment dealer in the subscriber’s jurisdiction. The offer to purchase Common Shares is available to all security holders of Visionstate who held common shares on the record date of December 31, 2021. Shareholders resident in Ontario, Newfoundland and Labrador, and countries other than Canada will need to meet local jurisdiction requirements to participate. If Visionstate receives total subscriptions pursuant to the existing security holders’ exemption which causes the Offering to exceed $500,000, Visionstate will accept such subscriptions on a first-come, first-served basis.

About Visionstate Corp.

Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres, and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact, and transform consumer experiences.

Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.

To learn more, please contact:

Visionstate Corp.
John Putters, CEO
jputters@visionstate.com
Tel: 780-425-9460

CHF Capital Markets
Perry Rapagna, Manager, Corporate Development & Senior Account Manager
perry@chfir.com
Tel: 416-868-1079 x230

CAUTIONARY STATEMENT

Forward-Looking Statements

John A 2022-06-08 John A 2022-06-08

Visionstate's WANDA™ to be Highlighted at ISSA Convention

IoT Cleaning Application Introduces New Task Management
and Audit Capabilities

EDMONTON, Alberta, June 8, 2022 - Visionstate Corp. (TSX VENTURE: VIS) (“Visionstate” or the “Company”) is pleased to announce that Bunzl Canada (bunzlcanada.ca) will be showcasing its exclusive IoT Cleaning Platform, WandaNEXT™, on June 8 and 9, 2022 at ISSA Canada, the country’s premier showcase for cleaning and hygiene products, services, and technology. This unique trade show and conference creates a forum for insights on best practices, industry certifications, training and educational programming, and relevant and emerging topics within the Canadian facility and cleaning markets.

“We are very excited to showcase WandaNEXT™ at ISSA this year,” said Margo Hunnisett, Vice President of Marketing and Communications at Bunzl Canada. “The platform continues to evolve, thanks to the active participation of many of our customers across Canada. The result is an industry-leading product that is, quite literally, designed for and by customers who view state-of-the art facility cleaning and hygiene as critical to their key stakeholders, and to their businesses.”

WandaNEXT™ enables healthcare, education, assisted living, and commercial facilities to track and verify cleaning activities, validate quality through regularly scheduled audits, and alert cleaning teams to service requirements (such as discharge cleaning routines). It also facilitates schedule optimization, activity management, consumption tracking, end-user feedback, and administrative reporting.

Visionstate IoT, original developer of the platform, continues to work in partnership with Bunzl Canada to develop new system features and functionality. The partners are about to launch a new pilot project that integrates surface diagnostics using ATP testing technology.

“We are extremely proud to have WandaNEXT™ featured at ISSA,” said Visionstate CEO, John Putters. “This provides us an opportunity to demonstrate to the industry the value of the platform as an essential tool to improve cleaning quality and help prevent the outbreak of disease.”

WandaNEXT™ can be purchased through an annual subscription fee for each activation of the mobile application which has unlimited scalability and is applicable to diverse industry sectors. It has a growing installation base that includes healthcare, education, retail, commercial office, conference, airport, and distribution facilities across Canada, the United States, the United Kingdom and Europe.

The WandaNEXT™ platform will be featured exclusively at booth #607 at the show. Its capabilities are applicable to all areas of a facility but will be demonstrated with an initial rollout in the restrooms at the Metro Convention Centre during the event.

About WANDA™

Designed to track cleaning and maintenance activities, the mobile version of WANDA™ has unlimited scalability and is applicable to diverse industry sectors, including hospitals, airports, shopping centres, community recreational facilities, schools and universities, senior’s care facilities, and even large municipalities. The mobile app is also quick to deploy and is based on a subscription model to eliminate upfront costs.

Visionstate charges a monthly or annual subscription fee for each activation of the mobile application and measures success based on the rate of customer acquisition, which is a standard measure of performance for technology companies that are based on the Software as a Service (SaaS) model. Customer acquisition increases residual income throughout the 36-month term of each contract and carries a high margin on sales.

About Visionstate Corp.

Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres, and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact, and transform consumer experiences.

Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.

To learn more, please contact:

Visionstate Corp.
John Putters, CEO
jputters@visionstate.com
Tel: 780-425-9460

CHF Capital Markets
Perry Rapagna, Manager, Corporate Development & Senior Account Manager
perry@chfir.com
Tel: 416-868-1079 x230

CAUTIONARY STATEMENT

Forward-Looking Statements

John A 2022-05-31 John A 2022-05-31

Visionstate Announces Q2 Financial Results: SaaS Subscribers Up 100% Year-Over-Year

EDMONTON, Alberta, May 31, 2022 - Visionstate Corp. (TSX VENTURE: VIS) (“Visionstate” or the “Company”) released financial results for Q2 of its 2022 fiscal year. The SaaS revenue for the WANDA™ IoT products increased from $20,000 (Q2 2021) to $87,740 (Q2 2022). Noteworthy in the same period last year, Visionstate received a $200,000 one-time payment to develop IoT for the cannabis sector.

Highlights of the Q2 financial results include:

A 100% increase in the subscriber base for WANDA™ year-over-year, with the bulk of the new activations in the past six months and continuing to gain even more traction as new customers are activated.
Visionstate revenue model is based on a software as a service (SaaS), with licence fees charged monthly ranging from $15 to $25 per activation of the WANDA™ mobile app. The Company’s main focus continues to be customer acquisition.
The Company licences its technology to large companies and public institutions resulting in customization and longer deployment cycles, yet favourable to long-term growth.
Increased expenses related to the Company’s investment into ViCCi 2.0, an artificial intelligence technology designed to automate customer service in physical locations. Revenues related to ViCCi 2.0 are anticipated in Q4.
Increased expenses related to sales and marketing, including the hiring of a full-time sales director, investment into brand marketing and strategy, and market-making for the Company’s listed shares.

“The Company has existing long-term installations in many diverse large verticals including hospitals, airports, office towers, shopping centres, senior’s care facilities, universities, and large municipalities. The positive financial impact of these fast-growing, large company installs will be seen in up-coming quarters,” explained Visionstate CEO John Putters.

About Visionstate Corp.

To learn more, please contact:

Visionstate Corp.
John Putters, CEO
jputters@visionstate.com
Tel: 780-425-9460

CHF Capital Markets
Perry Rapagna, Manager, Corporate Development & Senior Account Manager
perry@chfir.com
Tel: 416-868-1079 x230

CAUTIONARY STATEMENT

Forward-Looking Statements

John A 2022-05-11 John A 2022-05-11

Visionstate Announces New Board Appointment

EDMONTON, Alberta, May 11, 2022 - Visionstate Corp. (TSX VENTURE: VIS) (“Visionstate” or the “Company”) is pleased to announce the appointment of Mr. Angel Valov to the Board of Directors. Angel is an accredited, high-net-worth investor and proprietary trading specialist with intricate knowledge of the North American retail equity market.

In announcing the appointment, Visionstate CEO John Putters said, “We are delighted that Angel has accepted our invitation to join our Board of Directors. His wealth of knowledge and experience will assist Visionstate as it executes its WANDA™ IoT strategy. There will be many opportunities to capitalize on further global opportunities and Angel will play a significant role as we continue our expansion.”

Angel joins Visionstate with more than 12 years of experience in all aspects of institutional money management at various financial institutions. Most recently, he was Risk Manager at one of Canada’s largest hedge fund firms, where he played diverse roles in areas including fund and portfolio analytics and support, trading strategy R&D and management, risk management, data & operations, and resource training and management. Previously, he was Manager, Risk Analytics, Global Risk Management at Bank of Nova Scotia, where he validated various derivative pricing models. The combination of Angel’s experience and industry knowledge will assist Visionstate in its efforts in corporate development, capital markets, investor psychology and stock price behaviour. Angel holds a Ph.D. in Applied Mathematics and an MSc in Statistics, both from the University of Toronto.

“Having followed the Company for a number of years, I am thrilled to join the Visionstate’s talented Board of Directors,” said Angel. “I look forward to contributing to Visionstate’s future growth and success as the Company executes development and launch activities.”

About Visionstate Corp.

Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact, and transform consumer experiences.

Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.

To learn more, please contact:

Visionstate Corp.

John Putters, CEO
jputters@visionstate.com
Tel: 780-425-9460

CHF Capital Markets

Perry Rapagna, Manager, Corporate Development & Senior Account Manager
perry@chfir.com
(416) 868-1079 x 230

CAUTIONARY STATEMENT

Forward-Looking Statements

John A 2022-04-14 John A 2022-04-14

Visionstate's IOT Software Solution for Facilities Goes Global; Adoption Accelerating due to COVID-19 Sixth Wave

EDMONTON, Alberta, April 14, 2022 - Visionstate Corp. (TSX VENTURE: VIS) (“Visionstate” or the “Company”) is pleased to provide the following update on the growth of its Internet of Things (IoT) application which is quickly gaining traction in the facility management sector under the branded name, WANDA™.

WANDA™ has quickly become an important tool in the fight against COVID-19 and other diseases as the sixth wave of the virus continues to create health concerns across Canada and beyond. WANDA™ is a mobile application, incorporating QR code functionality, that tracks cleaning and maintenance activities and measures those activities against new and more stringent protocols.

“We are very pleased with the growth of Visionstate IoT Inc.,” said Company CEO John Putters. “WANDA™ is quickly becoming the primary tool for businesses, municipalities, and governments to ensure cleaning protocols are met in order to reduce the impact of COVID-19.”

The Company provides the following updates on the global rollout of WANDA™:

The Company has entered into two significant pilot projects with Business Services Contractors (BSC) to test the performance of the WANDA™ mobile app. The successful conclusion of the pilot projects will result in further deployments throughout the portfolios of the BSCs and represents new selling partners.
The Company has deployed additional WANDA™ tablets to Class A office towers in Florida to an existing customer. The continued expansion of WANDA™ through the customer’s real estate portfolio demonstrates the value of the technology as it continues to become an integral part of the cleaning protocols.
The sales pipeline for WANDA™ continues to grow and includes seniors’ facilities, municipalities, school divisions, universities, and office towers, to name a few. The opportunities continue to be driven by Visionstate’s global partner which is a leader in the cleaning and hygiene business.
The Company has partnered with a managed phone solution provider to supply rugged phones to customers who do not currently provide employees with handsets. The managed solution provides the ability to control the use of the phones so that they are used for the purposes of WANDA™ only.
Visionstate is commencing the development of RFID technology to track the location of high-value assets in hospitals and to track the cleaning of these assets after each use. Tracking assets and the cleaning protocols that accompany these assets continue to be a challenge for hospitals in particular. The RFID application will also be sold on a software as a service model.
Visionstate launched a new website to better reflect the new functionality, features, and benefits of the WANDA™ product. The website can be viewed at www.visionstate.com.

About WANDA™

Designed to track cleaning and maintenance activities, the mobile version of WANDA™ has unlimited scalability and is applicable to diverse industry sectors, including hospitals, airports, shopping centres, community recreational facilities, schools and universities, senior’s care facilities and even large municipalities. The mobile app is also quick to deploy and is based on a subscription model to eliminate upfront costs.

Visionstate charges a monthly or annual subscription fee for each activation of the mobile application and measures success based on the rate of customer acquisition, which is a standard measure of performance for technology companies that are based on the Software as a Service (SaaS) model. Customer acquisition increases residual income over the 36-month term of each contract and carries a high margin on sales.

About Visionstate Corp.

Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres, and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact, and transform consumer experiences.

Issued on behalf of the Board of Directors,

“John A. Putters”

Visionstate Corp.

To learn more, please contact:

Visionstate Corp.

John Putters, CEO
jputters@visionstate.com
Tel: 780-425-9460

CHF Capital Markets

Perry Rapagna, Manager, Corporate Development
perry@chfir.com
Tel: 416-868-1079 x230

CAUTIONARY STATEMENT

Forward-Looking Statements

John A 2022-03-16 John A 2022-03-16

Visionstate's WANDA™️ Bolsters Rapid Expansion of Software Activations Across Several New Sectors

Edmonton, Alberta, March 16, 2022 - Visionstate Corp. (TSXV: VIS) (“Visionstate” or the “Company”) is pleased to announce incredulous growth in sales and deployments results for its proprietary WANDA™ cleaning tracking technology in increasingly diverse locations.

Following strong penetration within the healthcare and academic community, the first quarter of 2023 included the addition of two senior’s care facilities, four shopping centres, and a substantial university campus in Canada. Visionstate’s WANDA™ footprint has also been integrated within a colossal US customer that is one of the largest private real estate equity firms globally.

Activations of our unique Internet of Things (IoT) have been estimated to include 130 deployments within a large Canadian university and an additional 100 within senior care facilities. Furthermore, expected expansion within a sizeable Canadian city could lead to a potential addition of 200 further activations for this cleaning, maintenance and inventory tracking technology. An expected charge range could include $15.95 to $24.95 per month of revenue over a 36-month term.

The most significant growth relates to the company’s mobile app that was introduced to the market in 2021 and is an evolution of the restroom-centric touch screen tablets that formed the original WANDA™ IoT application. The mobile app has significantly reduced the upfront costs of implementing the solution, decreased installation related requirements, and greatly expanded the functionality of the WANDA™ technology.

“In early 2021 the Company was restroom-centric and tablet dependant,” Putters explained. “Since COVID-related restrictions were lifted, we are seeing a significant spike in both the deployments of our technology, and the interest level in adopting WANDA™ into standard cleaning protocols. Today WANDA™ can track anything both within and outside of facilities with virtually no upfront costs. We have municipalities, for example, using WANDA™ mobile with QR codes to track cleaning activities while collecting valuable information from the general public on the state of cleanliness. This includes anything from publicly accessible ashtrays to garbage receptacles. It also demonstrates that if municipalities are concerned about cleanliness and public perception, WANDA™ is the ideal solution to meet those objectives.”

The surge in WANDA™ sales is also attributed to the adoption of the mobile app into cleaning programs, including those offered by Visionstate’s partner, which is at the forefront of cleaning and hygiene programs across the globe.

About WANDA™

Designed to track cleaning and maintenance activities, the mobile version of WANDA™ has unlimited scalability and is applicable to diverse industry sectors, including hospitals, airports, shopping centres, community recreational facilities, schools and universities, senior’s care facilities and even large municipalities. The mobile app is also quick to deploy and is based on a subscription model to eliminate upfront costs.

Visionstate charges a monthly or annual subscription fee for each activation of the mobile application and measures success based on the rate of customer acquisition, which is a standard measure of performance for technology companies that are based on the Software as a Service (SaaS) model. Customer acquisition increases residual income over the 36-month term of each contract and carries a high margin on sales.

About Visionstate Corp.

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

Forward-Looking Statements

John A 2022-03-10 John A 2022-03-10

Visionstate Announces New Board Appointment

Edmonton, Alberta, March 10, 2022 - Visionstate Corp. (TSXV: VIS) (“Visionstate” or the “Company”) is pleased to announce the appointment of Belinda Davidson to the Board of Directors. Belinda brings a wealth of knowledge and experience to the Visionstate board with a successful track record in marketing and brand strategy.

“We are very pleased to have Belinda join our Board of Directors,” said Company CEO John Putters. “Belinda’s valuable experience in key areas will assist Visionstate as it executes on its WANDA™ IoT strategy. The Company is at a pivotal point in its evolution, and Belinda is an important part of our growth as we introduce our product to a global customer base.”

Having worked with one of Canada’s largest, global, real-estate industry leaders as Vice President Strategic Marketing, Belinda brings more than 25 years’ experience in strategic marketing, customer experience and leadership. The combination of Belinda’s experience and industry knowledge will assist Visionstate in developing a strong presence in the marketplace.

Since September 2021, Belinda has been consulting for Visionstate in the capacity of VP of Marketing and recently concluded a comprehensive assessment of the Company’s main product, WANDA™, to better position the technology to capitalize on its global opportunities.

As a member of the Board of Directors, Belinda will be taking a lead role in advising the management team on a marketing strategy for Visionstate and taking its suite of proprietary technology to the public markets.

“Visionstate’s SAAS technology, which tracks cleaning and maintenance protocols in diverse settings such as office towers, shopping centres, hospitals and airports, is quickly expanding across North America and now globally with recent launches in Europe. It is extremely important for the Company to communicate its progress to the public markets,” Putters added, “and Belinda will be an important part of executing that strategy.”

About Visionstate Corp.

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

Forward-Looking Statements

Leslie Irvine 2021-11-30 Leslie Irvine 2021-11-30

Visionstate Portfolio Company Exceed Solar Bundles IoT Tech with Latest Greenhouse Sale

Exceed Solar is addressing the growing threat to food security

Edmonton, Alberta, November 30, 2021 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) is pleased to announce that Exceed Solar, a portfolio company of Visionstate Corp., is further enhancing its high-tech solar greenhouse with its recent deployment of a residential off-grid greenhouse.

Exceed Solar, which recently deployed a 240 square foot, solar-powered greenhouse at the University of Alberta, is now bundling Internet of Things (IoT) technology into its structures to measure environmental conditions that will enhance growing capabilities while efficiently using renewable energy.

Interesting facts about the Exceed Solar greenhouse:

Two 315-watt photovoltaic solar panels power the off-grid greenhouse, producing 630W/h in green energy
The solar energy produces enough power to operate fans, lights, and a small IoT computer
A unique 40 square foot vestibule or potting shed is attached to the greenhouse and houses the solar components
Solar energy is stored in two batteries that can provide up to 2.9kW of storage
The building envelope is constructed using recycled SIP or structural insulated panels supplied by Ecoplast Solutions, a Canadian company based in Lloydminster, Alberta
The SIP panels are rated R30 and are made from 100% recycled plastic bottles
The greenhouse features an insulated north wall to regulate temperatures inside the greenhouse

The residential greenhouse is powered by two 315-watt solar panels and is built with energy efficiency in mind by using recycled, structural insulated panels (SIPs) for the building envelope and a double layer of polycarbonate panels for the growing area. The greenhouse has a total footprint of 160 square feet with 120 square feet of greenhouse space and a fully-insulated 40 square foot attached vestibule that can be used for indoor growing.

Exceed’s most recent sale of the greenhouse marks the first deployment in a residential setting. The Company’s objective is to disrupt traditional construction by incorporating new building materials and technology to ensure energy efficiency and meet demand for the transition to a renewable energy economy.

In addition to incorporating technology and renewable energy into its greenhouse, Exceed Solar is meeting the increased demand for backyard growing as climate change and COVID-19 continue to put pressure on food costs.

“The Exceed Solar greenhouse is the most advanced of its kind currently on the market,” explained Kim Muir, director of Marketing and Sales. “It is designed for northern cold-climate conditions and provides the ability to offset food costs by growing produce in your own backyard and for a longer growing season too.”

The IoT technology being incorporated in the greenhouse includes sensors for measuring temperature, humidity, and light levels in the greenhouse, which is accessible remotely through an app. The data collected within the greenhouse will allow the customer to better understand and tailor the growing conditions in the greenhouse and allow Exceed Solar to collect valuable data on the performance of its products.

Along with providing high-tech solar-powered greenhouses, Exceed Solar is setting its sights on addressing affordable housing by leveraging sustainable, modularized building materials and renewable energy. The Company is focussed on advancing its brand of social enterprise by addressing basic needs in our communities such as affordable and accessible housing.

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/

About Exceed Solar Inc.

Exceed Solar Inc. is a social enterprise and the builder of ‘Sol Spaces’ - a product line of building structures that are consciously engineered and constructed to enhance daily life, empower healthy communities and contribute to the sustainability of the planet. The Sol Greenhouse, Sol Studio and Sol Garden Suite are each innovatively designed to meet a unique and earnest customer profile including individual homeowners, community service groups, the restaurant and hospitality sector and municipalities in Edmonton and northern Alberta.

Issued on behalf of the Board of Directors,

“John A. Putters”

Visionstate Corp.

To learn more, please contact:

Visionstate Corp.

John Putters, 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

Forward-Looking Statements

Leslie Irvine 2021-11-04 Leslie Irvine 2021-11-04

Visionstate Provides Business Update

Edmonton, Alberta, November 4, 2021 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) is pleased to provide an update on its business activities, sales, and new technology development. The Company continues to grow with its IoT WANDA™ product as a result of new cleaning protocols required to address the spread of COVID-19.

The interest in WANDA™ has grown substantially in the last three months, with a sales pipeline larger than ever in the history of the company. The rise in interest coincides with facilities opening to the public with Visionstate customers being diligent in their cleaning practices to ensure a safe environment. WANDA™, which tracks cleaning activities and provides detailed analytics on key performance indicators, is an essential part of the fight to control COVID-19 and other diseases, by ensuring new protocols are being met.

Visionstate is set to roll out WANDA™ tablets, IoT buttons and its WandaMOBILE product to diverse locations, including hospitals located in Europe, a large Canadian zoo, a Canadian provincial museum, four new shopping-centre locations and expansion of an existing installation with one of the largest private-equity companies in the world. The expansion includes a Class A office tower in Miami, Florida.

Existing clients are also adopting WandaMOBILE coupled with QR codes. The use of QR codes provides the opportunity to track any area or zone within a facility. The codes can be used by cleaning staff to log their presence at a location and use the app to record cleaning activities, supplies and address any existing alerts from customers. These customers can scan the QR code to provide feedback or alerts for areas that require immediate attention.

WandaMOBILE is particularly popular because of the quick deployment time and the QR code feature. Visionstate has an upcoming pilot project with a large Canadian municipality to use WandaMOBILE to track cleaning and alerts in diverse locations, including garbage receptacles on public property. Current customers of WandaMOBILE are also implementing QR codes, including a Canadian international airport, since the use of touchscreens in public settings are decreasing because of COVID-19 and the potential to spread disease.

Visionstate’s business model is based on software as a service (SaaS), with contracts typically on a three-year term. Since the Company only reports quarterly results, success of SaaS models is measured by the rate of customer acquisition. To further increase the rate of customer acquisition, Visionstate is also investing in added sales staff to augment the sales and marketing efforts through its existing global partner. These resources will be in place in the month of November 2021. Visionstate recently added a business strategist to its team, and the results of the on-going analysis of the Company’s performance will provide guidance on the sales strategy.

Visionstate also continues to invest in new features for its WANDA™ product, particularly the mobile app. New auditing features, automatic supply replenishment, and key analytical insights are currently being developed and will be deployed by the end of the calendar year.

The Company is also ramping up its development of artificial intelligence (AI) applications for retail and public locations. Visionstate, which disrupted the static directory market in 2005 with its interactive ViCCi (“Vicky”) product, is re-purposing its core technology, which includes interactive wayfinding, and integrating it with state-of-the-art AI technology. The potential applications are wide ranging and address key challenges with conventional customer service, including the cost of delivering the service, the shortage of customer-relations workers, and the growing dependence on analytics to better understand the customer journey.

Meanwhile, Visionstate’s portfolio company, Exceed Solar, is gearing up for an educational webinar scheduled for 4:00 pm EST on Thursday, November 4, 2021. Exceed Solar is a company dedicated to disrupting the construction industry by using sustainable building materials in combination with technology and renewable energy. Exceed Solar’s objective is similar to the evolution of the electric vehicle and the transition away from fossil-fuel powered cars. To register for the event please follow the link below:

Exceed Solar Webinar

About Visionstate Corp.

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

Forward-Looking Statements

Leslie Irvine 2021-10-21 Leslie Irvine 2021-10-21

Visionstate Works with Artificial Intelligence Company to Deploy Retail Customer Service Solution

Edmonton, Alberta, October 21, 2021 - Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) is pleased to announce it has entered into an agreement with Artificial Intelligence company Fluido.ai to deploy AI enabled customer service applications for the retail sector. The first deployment of the new technology will be in a large Canadian-based shopping centre.

With the retail sector struggling as it recovers from COVID-19 related business interruptions, supply chain challenges, health and safety concerns, and labour shortages – Visionstate’s VICCI (virtual, interactive, customer care, interface) kiosks with Fluido.ai chatbot give operators in-store support to help guide the customer journey.

The touch-free kiosk works without the need for human labour. The chatbot is voice activated and uses machine learning, so the technology improves as more customers interact with it. The retail operator can have a 360-degree view of how customers navigate the mall space, what the most common customer questions are, and what are the unmet customer needs, thus providing opportunities for new services and retail tenants. A large Canadian shopping centre will be launching the Visionstate VICCI kiosk with Tensorgraph’s Fluido.ai chatbot in the first calendar quarter of 2022.

"Visionstate is focused on helping businesses harness the power of technology to help both the business and the collective thrive in a sustainable way,” explained Visionstate CEO, John Putters. “We are thrilled to be able to incorporate Tensorgraph’s Fluido.ai chatbot into our VICCI smart kiosk platform so that customers can interact with the technology in the most natural way. Our voices are the first thing we use when we’re born and interacting with the kiosk verbally results in a faster, more accessible, easier, and safer experience as the customer does not need to touch a screen to connect. The launch of the VICCI kiosk with Fluido.ai chatbot in early 2022 will support customers and the mall leadership with better, safer experiences and real-time analytics that will help accelerate the retail recovery."

“We started Tensorgraph to offer businesses a way to embrace the ‘future of work’ where humans and bots work together,” added Wessam Gad El-Rab, Co-Founder of Tesorgraph.io., “Fluido is Spanish for ‘fluid or seamless’ and the Fluido.ai chatbot lets businesses benefit from technology without losing the human touch. I’m thrilled that Visionstate is launching a VICCI kiosk at a large Canadian shopping centre in 2022 where the mall leadership will now have full visibility into the customer journey to help inform business strategy, bridge the gaps created by the labour shortage, and create a better experience."

Statistical Trends in Retail and Technology:

64% of entrepreneurs report that labour shortage limits their growth
55% of small and medium-sized businesses find it difficult to hire
61% of entrepreneurs must increase their hours and/or their employees’ hours due to the labour scarcity
49% must increase wages and benefits
44% have delayed or are unable to deliver orders to clients (source: BDC) https://www.bdc.ca/en/about/mediaroom/news-releases/labour-shortage-study

About Fluido.ai chatbot

Fluido.ai is a code-free conversational AI (Artificial Intelligence) platform powered by an advanced machine-learning and NLP (Natural Language Processing) model which allows businesses to benefit from technology that’s been built and “trained” to the unique operational and brand nuances of the business. The chatbot guides the customer journey in a safe and engaging way while the AI technology continuously improves the chatbot response as more customers interact with it. The ability of the Fluido.ai chatbot to seamlessly handoff and support the human-to-human interactions is its point of difference.

About Visionstate Corp.

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

Forward-Looking Statements

Leslie Irvine 2021-10-06 Leslie Irvine 2021-10-06

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.

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

Forward-Looking Statements

Leslie Irvine 2021-09-15 Leslie Irvine 2021-09-15

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.

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

Forward-Looking Statements

Leslie Irvine 2021-09-13 Leslie Irvine 2021-09-13

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.

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

Forward-Looking Statements

Leslie Irvine 2021-08-31 Leslie Irvine 2021-08-31

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.

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

Forward-Looking Statements

Visionstate's WANDA™ Expands to Equipment Tracking, Sales Queue Grows to More Than 100 Companies

Visionstate Portfolio Company Exceed Solar Launches Strategy to Address Food Security

Visionstate Corp. portfolio company Freedom Cannabis completes acquisition

Visionstate Announces Financing to Enhance Product Development and Marketing

Visionstate’s WANDA™ Launched in Europe, Opening New Markets for IoT Technology

IoT Cleaning Application Now Part of Picardy Wallonia Hospital’s Ultra-Efficient Digital Architecture

Visionstate Corp. Provides Corporate Update

Visionstate Corp. Announces Private Placement

Visionstate's WANDA™ to be Highlighted at ISSA Convention

Visionstate Announces Q2 Financial Results: SaaS Subscribers Up 100% Year-Over-Year

Visionstate Announces New Board Appointment

Visionstate's IOT Software Solution for Facilities Goes Global; Adoption Accelerating due to COVID-19 Sixth Wave

Visionstate's WANDA™️ Bolsters Rapid Expansion of Software Activations Across Several New Sectors

Visionstate Announces New Board Appointment

Visionstate Portfolio Company Exceed Solar Bundles IoT Tech with Latest Greenhouse Sale

Exceed Solar is addressing the growing threat to food security

Visionstate Provides Business Update

Visionstate Works with Artificial Intelligence Company to Deploy Retail Customer Service Solution

Visionstate Portfolio Company Launches High-tech Solar Greenhouse at U of A

Exceed Solar is addressing the growing threat to food security

Visionstate Portfolio Company Freedom Cannabis Inc. Secures Retail Sales Licences

Visionstate Welcomes New VP Marketing and Business Strategy

Visionstate Posts Q3 Profit on Growing Revenues

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