Huge news from $VSBY! VSBLTY just announced some HUGE news with Grupo Modelo and Retailigent Media! They announced the signing of a Definitive Agreement (between Grupo Modelo and Retailigent Media) to create a joint venture to install and manage an international in-store media network in Modelorama stores and independent neighbourhood bodegas in Mexico and across Latin America.
With active deployment underway, it’s expected that 5,000 locations will be installed by the end of this year in various Latin-American countries. By supplying its proprietary software and technology for analytics, security, and visual displays. From this deal, VSBLTY will be able to generate revenue in 2 ways.
-Licensing fees for the software that the joint venture will leverage
-Share in 1/3 of the annual operating profits from advertising revenue
Absolutely amazing stuff coming from $VSBY. Honestly, it’s my favourite smallcap company because of its tech and partnerships. IMO, this is only the beginning of something even bigger (5,000 stores from ONE deal).
Full article here: https://www.globenewswire.com/news-release/2021/07/09/2260717/0/en/VSBLTY-GRUPO-MODELO-RETAILIGENT-CREATE-JOINT-VENTURE-FOR-INTERNATIONAL-DIGITAL-IN-STORE-MEDIA-NETWORK.html
The stock is up 9.5% after the news of the joint venture agreement. I’ll be holding my shares of this one for the long run!