Visionstate Corporation – Otcqb: Vsssf

Discussion in 'Penny Stocks' started by Jon Alba, Jun 16, 2023.

  1. Jon Alba

    Jon Alba Senior Investor

    Joined:
    May 2018
    Posts:
    610
    Likes Received:
    3
  2. Jon Alba

    Jon Alba Senior Investor

    Joined:
    May 2018
    Posts:
    610
    Likes Received:
    3
    Visionstate Corp. Achieves Unprecedented Installation Pace of WANDA Technology in Facility Management Sector

    2023-12-12 05:03 ET - News Release

    Edmonton, Alberta - TheNewswire - December 12, 2023 - Visionstate Corp. (TSXV:VIS) (“ Visionstate ” or the “ Company ”), a leader in innovative facility management solutions, is pleased to announce a significant business update highlighting the remarkable success of its main operating division, Visionstate IoT Inc., and its groundbreaking WANDA™ technology.

    WANDA™ Technology Validation Amidst Ongoing Threats

    Visionstate IoT Inc. continues to set the industry pace by rapidly deploying its state-of-the-art WANDA™ technology in the facility management sector. WANDA™ has proven to be an invaluable tool in validating key cleaning protocols, crucial in the face of ongoing threats posed by viruses and diseases in society.

    Strategic Collaborations with Leading Canadian Universities

    Visionstate IoT is proud to share its ongoing collaboration with two leading Canadian universities on large-scale installations. These projects involve tracking thousands of areas within campus premises to ensure a safe and hygienic environment for students and staff. These collaborations not only emphasize Visionstate's commitment to safety but also significantly contribute to the Company's recurring revenue stream, driven by its software-as-a-service (SaaS) business model.

    Expansion of WANDA™ Footprint in the U.S.

    The Company's substantial U.S.-based customer has demonstrated confidence in WANDA™'s capabilities by doubling the size of its existing installation base. This expansion not only reflects the effectiveness of WANDA™ but also signifies the continued trust and satisfaction of Visionstate's clients in the United States.

    New Revenue Stream: Introduction of Time of Flight (ToF) People Counters

    In response to evolving market demands, Visionstate IoT has successfully introduced Time of Flight (ToF) people counters. These innovative counters not only enhance data accuracy but also represent a new revenue stream for the Company. Rolled out to universities and colleges, the ToF people counters provide valuable insights into traffic counts, contributing to enhanced efficiency in facility management.

    International Expansion: Launching WANDA™ in London, England

    Visionstate Corp. is actively pursuing an international opportunity at the head office of a global firm in London, England. This installation represents a full application of all WANDA™'s features and is poised to be a launch point for additional growth in the European market. Visionstate's entry into the European market aligns with its strategic vision for global expansion and diversification.

    New Opportunities and Diversification

    Visionstate Corp. is pleased to announce the addition of a new shopping center location in Calgary, Alberta, further expanding its portfolio of properties. This strategic move reflects the Company's commitment to growth and diversification in key markets.

    "I am very pleased with the rapid adoption of our technology in the facility management sector. The pace at which WANDA™ and our new Time of Flight People Counters are being embraced underscores the industry's recognition of our commitment to innovation and excellence,” said Visionstate IoT President Shannon Moore. “As we approach the end of the year, I am optimistic about the prosperous new year ahead and the continued impact our solutions will have on creating safer, more efficient environments. The international opportunity in London, England represents a significant milestone for Visionstate, opening doors for continued growth and success on a global scale."

    Board of Directors Re-election at Annual General Meeting

    Visionstate Corp. recently concluded its Annual General Meeting on December 5, reaffirming its commitment to corporate governance. The following directors were re-elected to the board:

    John Putters
    Belinda Davidson
    Jim Duke

    Their continued leadership ensures stability and strategic guidance for the Company as it navigates a dynamic and growing market. Visionstate Corp. remains at the forefront of innovation in the facility management sector, driving advancements in technology that promote safety, efficiency, and sustainability.

    About Visionstate Corp.

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

    Issued on behalf of the Board of Directors,

    “John A. Putters”
    Visionstate Corp.

    To learn more, please contact:

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

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

    Jon Alba Senior Investor

    Joined:
    May 2018
    Posts:
    610
    Likes Received:
    3
    CHF's Byte-sized Reviews - December 14, 2023

    https://mailchi.mp/46ef98031cc4/chfs-byte-sized-reviews-december-14?e=79ef2b9dd7

    Dear Reader,

    I was recently reading the Canadian Smallcap Investment Blog post about Visionstate Inc. (TSXV: VIS) and its WANDATM Product, by Analyst and Strategic Investor, Edward Vranic, CFA.

    WANDATM is a smartphone-based platform that can be used for any kind of work-related activity that is based on a checklist of tasks and can collect and store data generated through the processing and logging of those tasks. There are tasks that need to be undertaken, and tracked, but may be overlooked, intentionally omitted, or just otherwise forgotten, or even forgotten to be marked as done, without prompting from an app.

    What I see as missing in the workforce today are solid aspects of time management and personal organization. A lot of time and energy goes into training workers how to complete the tasks and remain safe, but every job consists of several tasks. When working from a paper list of tasks it is easy to scan the list quickly and check off what the worker considers unimportant, things that “won’t get done today” picking the simple tasks most easily done and moving on. The best workers have learned from experience and organized their time, tools, and supplies to complete everything to the required standard, in minimum time. But not everyone is an all-star. What is needed is a tool that organizes the worker so that everything gets done, in the right order, on time, and nothing is missed or skipped.

    Isn't it about time for WANDATM to get out of the washroom, and become a tool for getting the other jobs, in just about every industrial setting, done. Industries are looking for this tool, and struggling to develop and implement systems internally because they are not available in a form that they can use, in the marketplace.

    Activity logging is the key as it provides QA/QC data that can be used to prove that the required inspections, maintenance, and safety precautions have been completed, correctly, even for legal purposes. Working on a smartphone allows uploading of timestamped photo and video records as well. Visionstate will also have access to the aggregate data of its clients. This can result in regional or national data on a wide variety of processes or desired outcomes. This data could hold substantial economic value or be used to improve practices and even foster better regulatory policy. Just think how much the data that could be generated, when WANDATM is implemented at a wide enough scale, could be worth. The data generated can then lead to better decisions made by the organization, and that can impact all facets of the business.

    I encourage Visionstate to continue to grow WANDATM and expand its capabilities to get jobs done and to manage and coordinate the work. I look forward to WANDATM Ultimate: no limits.
     
  4. Jon Alba

    Jon Alba Senior Investor

    Joined:
    May 2018
    Posts:
    610
    Likes Received:
    3
  5. Veo M

    Veo M Member

    Joined:
    Aug 2023
    Posts:
    23
    Likes Received:
    0
    Yes, it’s possible to get all back and without any upfront payment. I found this really hard to believe until they did it. i fully recommend the experts blockchainrecall.com for those facing a scam issue or WhatsApp: + 1 (917) 267-2755
     
  6. Jon Alba

    Jon Alba Senior Investor

    Joined:
    May 2018
    Posts:
    610
    Likes Received:
    3
    Visionstate Q4 Management Discussion Highlights (Available On Sedar)

    Accomplishments in 2023: In 2023, Visionstate Corp. achieved notable milestones:

    · Signed a three-year agreement with a global partner, doubling monthly retainer revenue in Canada and expanding operations to key international locations, including the UK and Australia.

    · Experienced significant business growth toward the end of the fiscal year, deploying WANDA in Canadian universities and doubling its footprint in the US, notably with its largest customer in that territory.

    · Launched new Time of Flight (ToF) sensors for people counting, enhancing data insights for WANDA and proving valuable for facility operational performance analysis.

    Strategy for 2024:

    For 2024, Visionstate Corp. is strategically focusing on aggressive expansion in the US with WANDA. Plans include website upgrades for online subscriptions, lead generation strategies, and participation in major US conferences on cleaning and facility management. The company is also actively working on enhancing WANDA by developing new technology for equipment tracking and preventative maintenance which will be introduced to the market in the third fiscal quarter. The Company also anticipates launching ViCCi 2.0 in the second fiscal quarter which will further diversify Visionstate’s revenue streams.

    Visionstate IoT Inc.:

    Visionstate IoT Inc. specializes in developing technology, notably the "WANDA" product, for tracking and monitoring cleaning and maintenance activities in various environments. In fiscal 2023, Wanda evolved into a mobile version, WandaMOBILE, expanding its footprint beyond restrooms to become a complete facility management tool. The touchless and scalable nature of WandaMOBILE makes it particularly relevant in the context of COVID-19, aligning with new standards for interacting with publicly accessible technology. For fiscal 2024, Visionstate IoT Inc. is focusing on deploying WandaMOBILE, targeting large customers such as municipalities and school districts, with three-year contracts and monthly residuals based on activations per customer.

    In 2023, Next Vision IoT Inc. developed IoT sensors for people counting using Time of Flight technology. People counting gives important context to facility management activities as it measures efficiency in cleaning and resource use against customer demand. The Company has since deployed 50 units to three locations in Canada including two university campuses and a large shopping centre in Calgary, Alberta.

    On November 23, 2023, the Company announced that, subject to regulatory approval, it intends to complete an offering of up to 20,000,000 units of the Company (“Units”) at a price of $0.02 per Unit for gross proceeds of up to $400,000. Each Unit is comprised of one (1) common share of the Company (“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. Between December 15 and December 21, 2023, $315,000 were received from subscribers for shares to be issued in late January 2024, which includes 5,000,000 Units issued to certain insiders of the Company.
     
  7. Jon Alba

    Jon Alba Senior Investor

    Joined:
    May 2018
    Posts:
    610
    Likes Received:
    3
    Visionstate Announces Conditional Approval of Financing and 30-Day Extension

    Edmonton, Alberta – TheNewswire - February 8, 2024 – Visionstate Corp. (TSXV:VIS) (“Visionstate” or the “Company”), is pleased to announce it has received conditional approval from the TSX Venture Exchange for the Company’s current non-brokered financing of up to $400,000 announced November 23, 2023. The Company would also like to announce the Exchange has granted an extension to the financing which will now close on or before March 7, 2024.

    The Company is undertaking a $400,000 financing for the issuance of 20,000,000 units at $0.02 per unit, with each unit consisting of one common share and one full warrant exercisable at $0.05 for two years.

    The funds 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 US market, Visionstate Corp. will allocate resources to enhance its ViCCi 2.0 product. Set to launch in 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.

    About Visionstate Corp.

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

    Issued on behalf of the Board of Directors,

    “John A. Putters”
    Visionstate Corp.

    To learn more, please contact:
    Visionstate IoT Inc.
    Shannon Moore, President
    Email: [email protected]
    Tel: 780-425-9460

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

    Jon Alba Senior Investor

    Joined:
    May 2018
    Posts:
    610
    Likes Received:
    3
    IoT solutions company raises cleaning standards

    https://stockhouse.com/opinion/interviews/2024/02/14/iot-solutions-company-raises-cleaning-standards

    The following is a transcription of the above video, and The Market Online Canada has edited it for clarity.

    Our next company is Visionstate Corp. (TSXV:VIS), headquartered in Edmonton. The company is focused on delivering data-driven, innovative and sustainable IoT (internet of things) solutions.
    We sat down with CEO John Putters, who recently spoke about the company and its recent projects.

    TMO: For our listeners who may not be aware, can you provide a brief overview of Visionstate?
    Putters: Absolutely, Visionstate is a publicly traded company on the TSX Venture Exchange, under the symbol VIS. Its core business is technology focused on IoT solutions in the facility management space. The company’s software tracks cleaning and maintenance activities in large facilities providing in-depth analytics and AI insights.

    The company’s main product is branded as WANDA™️, and it’s actually the first line of defense in fighting infection by providing and ensuring a better cleaning environment.

    TMO: Tell our audience about the company’s WANDA™️ technology and how it’s different than the competition.

    Putters: The technology is fairly straightforward, and you know, some of the best advantages are like that.

    The technology uses a mobile app with QR codes. QR codes are installed in facilities, its strategic locations and kitchens, hallways, that sort of thing. And the staff use those codes to scan with their phone, which timestamps their presence at that location, gives them a list of activities, what we call cleaning protocols.

    In conjunction with this, we all also have sensors, for example people-counting sensors. And that data is also fed into our analytics. Once the cleaning staff completes a cleaning activity in a room, this information is submitted, and it goes into a database which provides actionable insights to the facility.

    I think our main competitive advantage outside innovation, because I know a lot of companies say, well, we’re innovative, that makes us different, is really the fact that we have a global partner. And what this means is that, first of all, they’re focused in this area specifically in cleaning and hygiene, but it provides us access to a global market through their sales force.

    And so as a consequence of this we are growing very quickly, and we believe that market share will be a significant factor in our ongoing competitive advantage.

    TMO: What’s the approximate market size for the WANDA™️ technology?

    Putters: Well, actually the market size is enormous, it’s in the hundreds of millions, literally. The reason being is that it really includes any type of facility in the world, you know, including office buildings, school divisions, airports, hospitals, universities, hospitality sector, shopping centres, and many others.

    And, basically, Wanda™️ is designed to track protocols to ensure cleaning standards are met. This is an issue in basically every large facility, no matter what type of facility it is. So, the market for us is extremely, extremely large.

    TMO: Moving on to growth, what contributed to the company’s growth over the past year?

    Putters: Well, specifically, I mentioned that we do have a global partner that is passionate about IoT solutions. We re-signed our agreement with our global partner just recently, in October 2023.
    Part of that is an annual retainer that they pay us on exclusive rights to distribute the product in Canada. And that doubled in that contract, but it also expanded the reach to Europe and the U.K., and we’re already doing projects in those markets. So, our business has accelerated significantly as a result of that contract. The partner we have doesn’t have a presence in the U.S. yet, so we’re also doing direct sales into the U.S.

    We have a very large customer there called Blackstone Real Estate. It’s one of the largest private equity real estate companies in the world. And you would see WANDA™️ in their Class A buildings in Manhattan. They continue to expand as well. The company’s actually growing at a phenomenal pace. And our focus is actually on customer acquisition because we are a residual company or software as a service, as many know it as.

    TMO: From a broader outlook, what does the company have planned for 2024?

    Putters: We have several focuses for 2024 in Canada. The company is going to maximize its distribution agreement with its global partner by continuing to install in large facilities. And of late, we’ve been doing a lot of universities and, and part of the reason for that is, you know, the university wants to provide a clean, safe environment for students.

    And this is one way of doing that and proving it. We’re going to maximize our opportunities in the U.S. in the meantime. We’re doing direct sales into the U.S., leveraging our existing customer base, but we’re also doing lead generation advertising and that sort of thing.

    So, there’s a real focus on that, which aligns with our broader IoT solutions focus. Then, because of the new agreement, there’s this whole new market with Europe and the U.K. We’re putting in the infrastructure to grow that. But we’ve also got some ongoing installations that we’re working on right now, including (the) Uber head office in London, England.

    So, they’re exciting projects and we’re starting to get a foothold there. We see 2024 is very exciting and a real growth year for the company.
     

Share This Page