Vsblty Groupe Te - VSBGF STOCK NEWS

Luiz Felipe Barros Appointed as New Director at VSBLTY

VSBLTY Groupe Technologies Corp. (OTCQB: VSBGF) announced the nomination of Luiz Felipe Barros as a new director, while Joe Jensen and Alnesh Mohan transition from the Advisory Board to the Board of Directors. The annual general meeting of shareholders is set for October 31, 2022. Barros, an accomplished leader in digital transformation from Anheuser-Busch, brings extensive experience in technology and marketing. Jensen and Mohan have also made significant contributions, enhancing the board’s expertise in technology and business sectors.

VSBLTY Groupe Technologies Corp. (OTCQB: VSBGF) has partnered with Perpetual Media, LLC to enhance programmatic advertising through Winkel Media in Latin America. This partnership utilizes VSBLTY's computer vision technology within an innovative marketplace to monetize retailers' digital inventory. The initiative aims to expand a DOOH network across 50,000 stores in over 30 countries within five years. The collaboration is set to deliver improved advertising performance while leveraging existing media connections.

VSBLTY Groupe Technologies Corp. has entered into a letter of intent for a joint venture with Al Jabr Group to enhance digital out-of-home solutions across five Middle Eastern countries, including the UAE, Qatar, Oman, Bahrain, and Saudi Arabia. Al Jabr has invested USD $1.6 million in VSBLTY and will assist in hardware procurement and installation. The partnership aims to leverage advanced AI technology in sectors such as oil & gas, smart cities, and retail, with plans for broader expansion in the region.

VSBLTY Groupe Technologies Corp. reported a remarkable Q2 2022 revenue of $3.2M USD, a 161% increase over Q1 2022 and 10 times greater than Q2 2021's $293K. The company's total revenue for H1 2022 reached $4.5M, up from $423K last year. Despite an operating loss of $1.4M in Q2, significantly reduced from $3.7M year-over-year, VSBLTY maintains a $50M backlog in bookings with contracts spanning 36 to 48 months. An earnings call is scheduled for August 26, 2022.

VSBLTY Groupe Technologies Corp. (OTCQB: VSBGF) has partnered with Wireless Guardian to install advanced security technology in up to 750 quick serve restaurants across 25 states. This initiative, funded by a digital media program, enhances safety while generating additional revenue through brand advertising. The technology will improve customer engagement and provide analytics, with projected annual gross revenue exceeding $7.5M. Installation includes 55-inch screens and freezer door displays, which will showcase targeted advertisements to boost sales.

VSBLTY Groupe Technologies Corp. (OTCQB: VSBGF) has announced a partnership with Wireless Guardian to deploy advanced security technology across 2,800 Mountain Express Oil convenience stores in 19 states, financed through a Store as a Medium (SaaM) program. This initiative will enhance customer engagement through personalized digital messaging while generating new advertising revenue. Anticipated gross revenue from the SaaM network is projected to exceed $30 million annually. The rollout includes sophisticated hardware installations, including video screens that will transform the shopping experience.

VSBLTY Groupe Technologies Corp. (OTCQB: VSBGF) has entered into an Agreement with AustinGIS through its joint venture partner, Winkel Media, to deploy security and retail analytics technology across five Latin American countries: Mexico, Ecuador, Peru, Colombia, and the Dominican Republic. This financing agreement aims to accelerate the rollout of VSBLTY’s SaaS networks, targeting 50,000 stores as part of its Store as a Medium (SaaM) program. VSBLTY's advanced software leverages AI and machine learning to enhance customer engagement and security.

VSBLTY Groupe Technologies Corp. (OTCQB: VSBGF) has announced its First Quarter 2022 Earnings Call set for May 25, 2022, at 8:00 AM ET. The company specializes in security and retail analytics technology, providing enhanced customer engagement and audience measurement through machine learning and computer vision. VSBLTY's technology includes VisionCaptor™ and DataCaptor™, alongside its AI-driven software Vector™, aimed at improving security through advanced facial recognition.

VSBLTY Groupe Technologies Corp. (OTCQB: VSBGF) reported a record quarterly revenue of $1.2 million USD for Q1 2022, marking an 83% increase from Q4 2021 and a tenfold increase from Q1 2021's $130K. The company emphasized its advancements in AI-driven security technology with products like VisionCaptor™ and DataCaptor™. However, VSBLTY experienced an operating loss of $2.4 million, with a cash burn rate due to ongoing investments in R&D. The firm holds $2.5 million in accounts receivable, primarily from its partnership with Winkel Media.