Visionstate Corporation – Otcqb: Vsssf

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  1. Jon Alba

    Jon Alba Senior Investor

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    Visionstate Corp. Announces Three-Year Contract with Bunzl Canada for Exclusive Distribution of WandaNEXT

    New contract expected to double existing revenue in Canada

    Edmonton, Alberta - TheNewswire - October 16, 2023 - Visionstate Corp. (TSXV:VIS) (“Visionstate” or the “Company”), is pleased to announce that its wholly-owned subsidiary, Visionstate IoT Inc., has entered into a new three-year contract with Bunzl Canada Inc. (Bunzl Canada) for the exclusive distribution of the Company's proprietary WandaNEXT product. The agreement grants Bunzl Canada exclusive distribution rights for Canada, Australia, and the UK, while Visionstate IoT will handle direct sales into the U.S. utilizing its existing internal sales resources.

    The new contract represents a significant milestone for Visionstate IoT and is expected to double existing revenue associated with the exclusive distribution rights in the Canadian market. Furthermore, it opens new territories internationally, reinforcing the Company's commitment to expanding its footprint in the global facility-management sector.

    WANDA™, Visionstate's flagship product, is an application widely used across various industry sectors to monitor cleaning protocols and enhance overall efficiency in delivering building services. The technology has proven instrumental in elevating standards of cleanliness and operational excellence.

    Commenting on the milestone, John Putters, CEO of Visionstate Corp., stated, "We are thrilled to extend our partnership with Bunzl Canada and strengthen our position in the global market. This new three-year contract not only underscores the value of our product but also marks a significant step towards achieving our strategic objectives. We look forward to continuing to work in conjunction with Bunzl Canada to drive innovation and deliver cutting-edge solutions to our clients."

    The agreement includes revenue-sharing arrangements in the three distribution territories, fostering a mutually beneficial partnership between Visionstate Corp. and Bunzl Canada. The collaboration extends beyond distribution, as both companies work closely on the ongoing development and enhancement of the WandaNEXT platform. Visionstate leverages its expertise in innovative development, while Bunzl Canada contributes its extensive global distribution network for sales and marketing initiatives.

    “We are very excited about the new capabilities the next phase of our partnership with Visionstate will bring to our customers,” said Margo Hunnisett, Vice President, Marketing & Communications at Bunzl Canada. “Technology is transforming the cleaning industry and we are committed to continually positioning ourselves at the forefront, introducing innovations that empower our customers to be more efficient, more effective, and more sustainable.”

    About Visionstate Corp.

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

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

    To learn more, please contact:

    Visionstate IoT Inc.
    Shannon Moore, President
    Email: [email protected]
    Tel: 780-425-9460

    CHF Capital Markets
    Kathy Chapman
    Email: [email protected]
    Tel: 416-868-1079 x 234

    Twitter: @visionstate
    Facebook: @visionstate
    LinkedIn: Visionstate Corp.
     
  4. Jon Alba

    Jon Alba Senior Investor

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    Visionstate Provide Update On IoT Technology

     
  5. Jon Alba

    Jon Alba Senior Investor

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    New Visionstate Corp. CEO Interview



    Some Highlights:

    0:34-1:25
    - Bunzl contract was signed in September, before Q4 began
    - Guaranteed $250K revenue every year for three years + WANDA product revenue share from new customers
    - Opens new markets in Canada, United Kingdom, Australia
    - Visionstate gets access to Bunzl global distribution list

    2:05-3:00
    - Investing more in AI as customers want it
    - New products to compliment WANDA will be coming out soon
    - Strongly pursuing US market with heavy marketing

    3:25-5:25
    - Explains WANDA product in more detail
    - New partner established in the United States
    - Pushing into hospitality industry and new sectors
     
  7. Jon Alba

    Jon Alba Senior Investor

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    Visionstate signs multilocation contract

    2023-11-09 12:52 ET - News Release


    Mr. John Putters reports

    VISIONSTATE CORP. ANNOUNCES GAME-CHANGING ROLL OUT OF WANDA(TM) PLATFORM

    Visionstate Corp. has reached its latest achievement -- a multilocation contract with a large postsecondary institution. This collaboration signifies another "use case" milestone for Visionstate, as it continues to expand the horizons of smart technology solutions.

    Under this agreement, Visionstate will implement its cutting-edge Wanda software for fleet management, revolutionizing the institution's vehicle management processes. This transformative installation will serve more than 500 users across multiple locations, streamlining the check-in/check-out procedures for fleet vehicles and digitizing the storage of crucial information on the Wanda portal.

    "This partnership underscores our commitment to harnessing technology for real-world solutions," said Shannon Moore, president of Visionstate IoT Inc. "We are proud to be at the forefront of transformative fleet management, addressing longstanding challenges and opening doors to predictive maintenance capabilities."

    Traditionally, paper-based check-in and check-out procedures often resulted in challenges such as misplaced paperwork, missed check-ins and incomplete records. This innovative installation will resolve these issues by creating a seamless, digital system for fleet management, ensuring transparency and accountability.

    One of the most exciting aspects of this collaboration is the potential for predictive maintenance. By digitally monitoring the usage and maintenance of the fleet vehicles over time, the Wanda software will gather valuable insights. These insights will enable the institution to pro-actively address maintenance needs, reduce downtime, and optimize the performance and longevity of its fleet.

    Visionstate is excited about the opportunities that this contract brings and is dedicated to continuing its mission of providing innovative solutions that drive efficiency, accountability and sustainability.

    About Visionstate Corp.

    Visionstate is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of things, big data and analytics, and sustainability.

    Visionstate IoT is a wholly owned subsidiary of Visionstate.

    Through Visionstate IoT, the company 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 will continue to innovate, reduce environmental impact and transform consumer experiences.

    We seek Safe Harbor.
     
  9. Jon Alba

    Jon Alba Senior Investor

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    Visionstate Corp. - IoT, AI, Big Data - Turning Ideas Into Transformation

     
  10. Jon Alba

    Jon Alba Senior Investor

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    Visionstate arranges $400,000 private placement

    2023-11-24 08:06 ET - News Release

    Ms. Shannon Moore reports

    VISIONSTATE CORP ANNOUNCES PRIVATE PLACEMENT TO FUND US EXPANSION

    Visionstate Corp. has arranged a private placement to raise $400,000 for the issuance of 20 million units at two cents per unit, with each unit consisting of one common share and one full warrant exercisable at five cents for two years, subject to regulatory approval.

    The proceeds raised will primarily be allocated to expand the company's product marketing efforts in the United States, where Visionstate IoT Inc., the company's main operating division, has already established a strong presence with several prominent customers. The targeted focus will be on resellers of the Wanda product, a cutting-edge facility management application designed to track cleaning and maintenance activities.

    In addition to fortifying its position in the U.S. market, Visionstate will allocate resources to enhance its ViCCi 2.0 product. Set to launch in the first quarter of 2024, ViCCi 2.0 represents a significant evolution from its predecessor, leveraging artificial intelligence and conversational interfaces to provide advanced virtual customer assistance in brick and mortar settings.

    Shannon Moore, president of Visionstate IoT, commented on the significance of these developments: "We are at an inflection point when it comes to facility management software. Like other businesses, facility managers are looking at new ways of controlling costs and ensuring efficiency -- our Wanda product enables them to do that, powered by analytical data on the operations."

    The financing round and strategic initiatives underscore Visionstate's commitment to driving innovation in facility management solutions, cementing its position as a leader in the rapidly evolving technology landscape. It is anticipated existing shareholders and insiders will participate in the financing.

    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 Nov. 23, 2023.

    Shareholders residing 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 $400,000, Visionstate will accept such subscriptions on a first-come-first-served basis.

    About Visionstate Corp.

    Visionstate is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Visionstate IoT Inc. is a wholly owned subsidiary of Visionstate. Through Visionstate IoT, 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 will continue to innovate, reduce environmental impact and transform consumer experiences.
     

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