Visionstate Corporation – Otcqb: Vsssf

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  1. Jon Alba

    Jon Alba Senior Investor

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    Visionstate Corp.'s Portfolio Company, Sol Spaces, Partners with Diplomat Consulting to Tackle Homelessness and Affordable Housing Crisis in Edmonton

    Edmonton, Alberta / TheNewswire / March 12, 2024 – Visionstate Corp. (TSXV:VIS) (“Visionstate” or the “Company”), is proud to announce that its portfolio investment company, Sol Spaces Inc., has entered into a strategic agreement with Diplomat Consulting Inc. (“Diplomat”) to represent Sol Spaces as it endeavors to deploy transitional housing options to address homelessness and affordability challenges in Edmonton, Alberta.

    Diplomat, renowned for its expertise in regulatory intelligence, communications, and corporate development, will play a pivotal role in advocating for Sol Spaces' innovative solutions in transitional and affordable housing. Sol Spaces specializes in leveraging technology and intelligent design to construct modern living spaces tailored to meet the unique needs of transitional housing and affordable housing initiatives.

    In Edmonton, where homelessness has reached a state of emergency, Sol Spaces stands ready with its modularized studio living spaces, poised to offer a scalable solution to the pressing housing crisis. Utilizing cutting-edge technologies such as IoT and AI, Sol Spaces ensures optimal building performance from inception, providing residents with safe, comfortable, and sustainable living environments.

    " We are excited to work with Sol Spaces, an innovative technology focused building provider based in Edmonton," said Nathan Mison, President of Diplomat. "By placing the best of today’s modern technologies directly into their building structures, this will increase livability, sustainability, and long-term affordability. As we continue to usher in the modern digital era, technological innovations need to be the new norm in all industries, housing included."

    Elliott Putters, President of Sol Spaces, emphasized the company's dedication to making a meaningful impact through community-driven approaches, stating, "At Sol Spaces, we believe in taking a ground-up approach to address homelessness and affordability. Our mission is to create not just homes, but vibrant communities that empower individuals and families to thrive."

    The demand for transitional housing solutions is staggering, with an estimated 230,000 Canadians experiencing homelessness annually. To meet this growing need, Canada must build an additional 3 to 5 million units of affordable housing by 2023.

    Recognizing this urgency, the federal government recently granted the City of Edmonton $175 million to address homelessness and housing affordability.

    For more information about Sol Spaces and its innovative housing solutions, please visit www.solspaces.com.
     
  2. Jon Alba

    Jon Alba Senior Investor

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    Visionstate: A Hidden Gem Poised for Change? (TSXV:VIS)

     
  3. Jon Alba

    Jon Alba Senior Investor

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    The Showdown With Visionstate CEO John Putters (TSXV:VIS)

     
  4. Jon Alba

    Jon Alba Senior Investor

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    Visionstate Corp. Announces Business Update: Expanding Reach and Enhancing Capabilities

    Edmonton, Alberta – TheNewswire - April 5, 2024 – Visionstate Corp. (TSXV:VIS) (“Visionstate” or the “Company”), a leading provider of innovative facility management solutions, is pleased to provide a comprehensive business update highlighting recent achievements and strategic initiatives.

    WANDA™ Updates

    BC Campus: Visionstate is thrilled to announce that its recent installation in a large BC university campus is expanding to its satellite campuses, marking a significant milestone in our evolution. This expansion opens new avenues for collaboration and growth, underscoring our commitment to supporting educational institutions in optimizing their facility management processes.

    National Cleaning Company: Visionstate is delighted to confirm our inaugural installation with a national cleaning company. This installation sets the stage for future expansion within the cleaning sector, demonstrating the value and effectiveness of our solutions in enhancing operational efficiency and customer satisfaction.

    Growth in the Casino Sector: Visionstate is witnessing promising growth opportunities in the casino industry for its WANDA™ product. As with any facility, tracking cleaning protocols to ensure efficiency is paramount. In casinos, WANDA™ can not only ensure cleanliness and responsiveness to cleaning alerts, but also receive feedback from the public simply by scanning the WANDA™ QR code. With plans to expand our current largest casino partner and install in a new casino next month, we are strategically positioned to capitalize on the evolving needs of this dynamic sector. This will set the stage for the Company’s attendance at a large facility management conference in Las Vegas in the fourth quarter of 2024.

    Expansion with National Building Services Contractor (BSC): Including campuses outside of BC, our partnership with a national BSC is expanding beyond BC campuses, showcasing the scalability and effectiveness of our solutions in diverse educational settings. This expansion underscores our commitment to delivering tailored facility-management solutions that drive operational excellence.

    Upcoming Installation at Large Vitamins and Supplements Manufacturer: Visionstate is gearing up for an installation at a natural remedy company in April, further diversifying our client portfolio and extending our reach into new markets. This installation reflects the diverse applications for WANDA as we deliver cutting-edge solutions that meet the unique needs of our clients.

    Installation at BC Interior Mall: Our upcoming installation at a BC Interior Mall highlights our continued success in the retail sector. By providing tailored solutions that address the specific challenges faced by retail environments, Visionstate is empowering businesses to optimize their operations and enhance customer experiences.

    U.S. Market Expansion: Visionstate is pleased to report progress in expanding into the U.S. market. With multiple businesses in the sales funnel at various stages, we are encouraged by the strong interest and potential growth opportunities across the border. The Company seeks to build that market based on the success of large installations in New York and Miami for a global private-equity real estate firm.

    Technology Developments

    Aggressive Development of Inspection/Auditing Functionality: Development of our inspection and auditing functionality remains a top priority. By expanding these capabilities, we aim to better serve our clients' evolving needs and deliver enhanced value through actionable insights and streamlined processes.

    Exploring New Business Categories for WANDA™: Visionstate is actively exploring new business categories where our flagship solution, WANDA™, can add value. WANDA™ is a facility management tool designed to track cleaning protocols and measure efficiency in delivering frontline cleaning services. WANDA™ analytics provides a valuable tool for facility managers to understand how effectively they are delivering services to their clients. It is a subscription-based technology that incorporates a mobile app and WANDA™ tablets.

    Developing AI Use Cases: We are enhancing our AI capabilities to maximize our customers' access to actionable insights and digestible information. Through the development of AI use cases, we empower our clients to make informed decisions that drive operational efficiency and business success.

    ToF People Counters: Visionstate’s innovative Time of Flight, battery-operated, people counting sensors continue to demonstrate value. Since December 2023, the Company has deployed 35 sensors and has orders for an additional 50 sensors during the next two months. People counters provide valuable insights into cleaning and operational efficiencies. The Company anticipates accelerating deployment as it commoditizes production and distribution.

    ViCCi 2.0 AI-Powered Customer Service: Visionstate is nearing completion of its new conversational AI application for customer service in physical environments. Developed in partnership with Fluido.ai, ViCCi 2.0 relies on AI to provide a wealth of information about the facility and its services, as well as wayfinding to multiple locations. The technology includes proximity sensors that detect a customer’s presence, welcomes them to the facility, and offers whatever assistance is required. The new ViCCi 2.0 product adds a new revenue stream to Visionstate. The Company intends to market ViCCi 2.0 initially through existing WANDA™ customers which include hospitals, shopping centres, Class A buildings, universities, and casinos to name a few. ViCCi 2.0 is able to speak any language.

    Business Development

    Expanding Global Presence in the UK: Visionstate is excited to meet with representatives from our global partner who will be visiting our offices to discuss expansion into this large, new market. The global partnership is strengthening WANDA™'s presence and expanding our reach into international markets.

    Confirmed Presence at Interior BC Trade Show: We have confirmed Visionstate's presence at a key trade show in Interior BC, focusing on the education sector. This presents an excellent opportunity to showcase our solutions and network with industry leaders.

    Financing: Visionstate is also pleased to provide an update on its current financing. The Company seeks to raise $700,000 to accelerate development and marketing of the WANDA™ product. Visionstate has so far raised approximately $500,000 and seeks to close the entire offering within the next 30 days.

    "We are excited about the progress and achievements outlined in this business update," said Shannon Moore, President of Visionstate IoT Inc. "As we continue to expand our reach, enhance our capabilities, and drive innovation, we remain committed to delivering unparalleled value to our clients and stakeholders."

    For more information about Visionstate Corp. and its innovative facility management solutions, please visit www.visionstate.com

    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.
     
  5. Jon Alba

    Jon Alba Senior Investor

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    Visionstate forms partnership with AMII for Wanda

    2024-05-21 11:50 ET - News Release

    Ms. Shannon Moore reports

    VISIONSTATE PARTNERS WITH GLOBAL LEADER TO DRIVE AI INNOVATION FOR WANDA PLATFORM

    Visionstate Corp. has formed a groundbreaking collaboration with the Alberta Machine Intelligence Institute (AMII). This strategic partnership will propel the Wanda platform into the forefront of machine learning (ML) innovation.

    The science of ML is advancing at an unprecedented pace. AMII, a global leader in machine intelligence, brings unparalleled expertise to the table. The working relationship will embark on a involve a project validation and product development process which will solidify Visionstate's on going leadership in providing cutting-edge software to the facility management sector.

    Visionstate has identified key areas of its software platform to leverage artificial intelligence to significantly improve operational efficiencies such as schedule and resource optimization. In working with AMII, Visionstate will utilize the expertise of a world leader in ML to execute on the company's AI (artificial intelligence) strategy.

    "We are very excited about working with Amii," explained Visionstate IoT president Shannon Moore. "The impact of artificial intelligence will continue to reverberate throughout our lives and the way we do business. For Visionstate, this is a pivotal development as we continue to explore and execute on opportunities to introduce ML in a practical manner."

    The project validation process will dive deeply into the specifics of the ML project. It will ensure Visionstate's initiative is well-defined, validated and ready for model development.

    "Project validation derisks our journey and lays the groundwork for a successful implementation," Ms. Moore explained.

    Market size and wide applicability of AI in facility management

    The adoption of AI in facility management is not only a strategic move but also a necessity in today's dynamic business landscape. The global market for AI-driven facility management solutions is poised for substantial growth. As businesses recognize the value of AI in optimizing schedules, resources and operations, the market size continues to expand.

    AI models for schedule and resource optimization enable businesses to deploy the right resources at the right time. Whether managing staff shifts, allocating machinery or optimizing supply chains, AI brings speed, flexibility and intelligence to bear on complex problems.

    The impact of AI in facility management also spans many industries, including health care, transportation, finance, retail, manufacturing, education, entertainment, agriculture and more. By optimizing schedules, resource allocation and operations, AI unlocks new levels of efficiency. In terms of business value, AI adoption translates into cost savings, improved service delivery and enhanced competitiveness. The global market potential for AI-driven facility management solutions is substantial, with estimates reaching billions of dollars.

    "Visionstate has a very clear path forward when it comes to AI and ML technology," Ms. Moore explained. "This project meets all of our requirements, including IP ownership, the fact we are working with one of the leading ML institutes in the world and the significant revenue potential this product will provide for our Wanda platform."

    As part of the Pan-Canadian AI strategy, AMII's threefold mission aligns perfectly with Visionstate's vision:



    1. Advancing research: AMII pushes the frontiers of machine-intelligence research, exploring novel algorithms, techniques and applications.
    2. Applied solutions: The company's ability to translate scientific breakthroughs into practical business solutions is unmatched.
    3. Talent incubation: AMII accelerates the development of skilled professionals, bridging the gap between academia and industry.


    The validation process is expected to take approximately six weeks and will be followed by development of the ML model to be integrated with Visionstate's facility management software.

    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 division of Visionstate Corp.

    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 Corp. will continue to innovate, reduce environmental impact and transform consumer experiences.

    As an equity partner in Sol Spaces, Visionstate Corp. holds approximately 40-per-cent ownership in the company, reaffirming its commitment to driving social impact and sustainable development through its investment portfolio.

    We seek Safe Harbor.
     
  8. Jon Alba

    Jon Alba Senior Investor

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    Visionstate’s John Putter on improving service delivery in the global market through AI

     
  10. Jon Alba

    Jon Alba Senior Investor

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    Visionstate Reports Q2 Showing Steady Growth

    Edmonton, Alberta – TheNewswire - May 29, 2024 – Visionstate Corp. (TSXV: VIS) (“Visionstate” or the “Company”), a leading provider of smart facility management solutions, today announced its financial results for the second quarter ended March 31, 2024. The company’s performance during this period reflects remarkable growth and strategic focus on optimizing operations.

    Key Highlights:

    1. Revenue Surge: Gross revenues for the three months ending March 31, 2024, increased by$96,978, reaching $190,300 or an increase of approximately 100% year over year. Over the six-month period of the first two fiscal quarters for this year, revenues increased by $279,585, totaling$384,652. This growth can be attributed to increased sales volumes and the successful renewal of most prior-year facility licenses.
    2. Expense Reduction: Selling, general, and administrative expenses experienced a significant decline. For the three-month period ending March 31, 2024, Company expenses dropped almost in half from$132,822 to $72,708.
    3. High Gross Margins: Visionstate’s gross margin percentage remains robust, consistently in the high seventies. This achievement is largely due to the effective management of costs and the strategic distribution partnership which provides Visionstate a commission-based sales structure.
    4. Overall Performance: The Company showed a loss of approximately $60,000 during the second fiscal quarter as opposed to a loss of approximately $190,00 for the same quarter in 2023.
    5. Wanda Product Expansion: In fiscal year 2023, Visionstate focused on enhancing the capabilities of its flagship product, Wanda. The investment in product development paid off, resulting in expanded market reach. Existing customers have embraced Wanda’s features, and the company successfully penetrated new locations.
    “Our Q2 results demonstrate the power of innovation and strategic execution,” explained Visionstate IoT Inc. President Shannon Moore. “We are thrilled by the substantial increase in revenue and the disciplined cost management. Our Wanda product continues to evolve, addressing critical needs in facility management. As we farm existing customer relationships and explore new markets, we remain committed to driving value for our clients.”

    Visionstate’s sustained growth underscores its commitment to cutting-edge technology and customer satisfaction. The Company’s IoT products, coupled with recurring licensing and software support fees, position it for continued success as sales volumes expand. The Company is developing new applications that compliment Wanda and can be marketed to exiting clients as well.

    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. As an equity partner in Sol Spaces, Visionstate Corp. holds approximately 40% ownership in the company, reaffirming its commitment to driving social impact and sustainable development through its investment portfolio.

    To learn more, please contact:

    Visionstate IoT Inc.

    Shannon Moore, President

    Email: [email protected]

    Tel: 780-425-9460
     

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