While 2020 represented an ‘Inflection Point’ in the Victory Square business model, 2021 can be labelled the “Harvest”. Following the successful spin-off of FansUnite in 2020, we’ve got GameOn, Immersive and potentially 3 more portfolio companies teed up to be spun off in the next 12 months. - Shafin Diamond Tejani Victory Square CEO VANCOUVER, British Columbia, May 31, 2021 (GLOBE NEWSWIRE) -- Victory Square Technologies Inc. (“
Victory Square'' or “the
Company”) (CSE:
VST) (OTC:
VSQTF) (FWB:
6F6), a company that provides investors access to a diverse portfolio of next generation internet companies in key sectors including: digital health, gaming, blockchain, AR/VR, cybersecurity, the circular economy and cloud computing, is pleased to provide a corporate update as at May 31, 2021.
- Victory Square Technologies Reported Record Net Income of $19,733,031 and Positive Earnings Per Share of $0.30 in Fiscal 2020. Four Consecutive Quarters of Positive Net Income and Earnings Per Share
- Issued a Special Common Share Dividend of Its Interest in Portfolio Company GameOn Entertainment Technologies Inc.
- Victory Square Board of Directors Approved a Special Common Share Dividend of Its Interest in Portfolio Company Fantasy 360 Technologies Inc. dba Immersive Tech Upon Listing and is Subject to CSE and Other Necessary Approvals.
- Announced Oversubscribed Financings for Portfolio Companies: GameOn, Immersive Tech and Fansunite
- Acquired IV Hydreight, a Mobile Health and Online Pharmacy Solution
- IV Hydreight Teamed up with Victory Square Health to Expand its Offerings in Brazil
- Launched DiscreetCare.com, a Telehealth Service Across the USA
- Completed $6,000,000 Sale of VPN Platform
- Signed Binding Letter of Intent to Invest in Renewable Energy Company - Stardust Solar
- GameOn to Begin Trading June 1, 2021 on the CSE Under the Symbol (CSE:GET)
- Featured in: Forbes, Entrepreneur & Worth Magazine
“Over the past 48 months, the Company has teamed up with some of the brightest and forward thinking entrepreneurs from around the world. The success of many of the earlier invested companies resulted in VST posting record net income of just under $20M and positive earnings per share of $.30 for fiscal 2020. While 2020 represented an ‘Inflection Point’ in the Victory Square business model, 2021 can be labelled the “Harvest”. Following the successful spin-off of FansUnite in 2020, we’ve got GameOn, Immersive and potentially 3 more portfolio companies teed up to be spun off in the next 12 months. In addition, we’ve seen significant growth in 2021 from our other portfolio companies, including Covalent, Hydreight and the recent launch of DiscreetCare.com.” Said Shafin Diamond Tejani Victory Square CEO.
The Company is pleased to provide an update from January 1, 2021 through to May 31, 2021.
January 2021 February 2021 March 2021 April 2021 May 2021 Media & Conferences The Company’s Executive Team has been featured in a variety of publications which include: Forbes, Entrepreneur and Worth. Additionally, the Company has been actively engaged in many virtual conferences this year, including: H.C. Wainwright CryptoCurrency Blockchain and FinTech conference, The Planet MicroCap Virtual Showcase, and the Lytham Conference.
Forbes :
How To Jump-Start Your Second-Order Thinking After The Crisis Forbes:
The Cybersecurity Gap Hidden In The Background Forbes:
UNCONTAINED Hopes To Fill The Void Left In LBVR With Hyper-Immersive Plug-And-Play Modular Units Forbes:
This Week In XR: Apple VR, Save Poly, LBVR Still Kicking Entrepreneur:
How Smart Toilets, Toothbrushes and Thermometers May Soon Save Your Life Entrepreneur:
Why Voice Tech Will Be the Post-Crisis Standard -- and Not Just for Ordering Pizza Entrepreneur:
The Next Big Thing for TV: Co-Viewing Worth:
What I’ve Learned From Working With Gen Z Entrepreneurs Visit VictorySquare.com and sign up for the official newsletter of Victory Square at
www.VictorySquare.com/newsletter.
On behalf of the board,
Shafin Diamond Tejani
Chief Executive Officer
For further information about the Company, please contact: Investor Relations Contact – Edge Communications Group
Email:
ir@victorysquare.com Telephone: 604 283-9166
Media Relations Contact – Howard Blank, Director
Email:
howard@victorysquare.com ABOUT VICTORY SQUARE TECHNOLOGIES INC. Victory Square (VST) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed to fast-track growth.
VST's sweet spot is the cutting-edge tech that's shaping the 4th Industrial Revolution. Our portfolio consists of 20 global companies using AI, VR/AR and blockchain to disrupt sectors as diverse as fintech, insurance, health and gaming.
What we do differently for startups VST isn't just another investor. With real skin in the game, we're committed to ensuring each company in our portfolio succeeds. Our secret sauce starts with selecting startups that have real solutions, not just ideas. We pair you with senior talent in product, engineering, customer acquisition and more. Then we let you do what you do best — build, innovate and disrupt. In 24-36 months, you'll scale and be ready to monetize.
What we do differently for investors For investors, we offer early-stage access to the next unicorns before they're unicorns. Our portfolio represents a uniquely liquid and secure way for investors to get access to the latest cutting-edge technologies. Because we focus on market-ready solutions that scale quickly, we're able to provide strong and stable returns while also tapping into emerging global trends with big upsides.
VST is a publicly-traded company headquartered in Vancouver, Canada, and listed on the Canadian Securities Exchange (VST), Frankfurt Exchange (6F6) and the OTCQX (VSQTF).
For more information, please visit
www.victorysquare.com.
ABOUT THE CANADIAN SECURITIES EXCHANGE (CSE) The Canadian Securities Exchange, or CSE, is operated by CNSX Markets Inc. Recognized as a stock exchange in 2004, the CSE began operations in 2003 to provide a modern and efficient alternative for companies looking to access the Canadian public capital markets.
The Canadian Securities Exchange, nor its Regulation Services Provider has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
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