Vsblty Groupe has no material changes. 2023-06-28 17:29 ET - News Release
Mr. Jay Hutton reports
VSBLTY PROVIDES BI-WEEKLY STATUS UPDATE
Vsblty Groupe Technologies Corp. is providing this biweekly status report of its management cease trade order in accordance with National Policy 12-203 -- Management Cease Trade Orders. As described in the company's initial news release on May 3, 2023, and biweekly news release updates on May 17, 2023, May 31, 2023, and June 14, 2023, the filing of its annual financial statements for the year ended Dec. 31, 2022, including the related management discussion and analysis, and CEO (chief executive officer) and CFO (chief financial officer) certifications (collectively, the annual financial filings) were not filed by the required filing deadline.
The company confirms that, except as provided herein, there are no changes from its news release dated June 14, 2023. The company is working on the steps required to complete the annual financial filings and continues to expect to be able to file the annual financial filings by June 30, 2023. The company will provide updates as further information relating to the annual financial filings becomes available.
The company has applied to the applicable securities regulatory authorities and received a management cease trade order (MCTO) imposed against the chief executive officer and chief financial officer of the company precluding them from trading securities of the company. The MCTO will be in effect until the annual financial filings are filed and requires that the annual financial filings be filed on or before June 30, 2023.
Until the annual financial filings are filed, the company intends to issue biweekly default status reports in accordance with National Policy 12-203 -- Management Cease Trade Orders. The company intends to satisfy the provisions of the alternative information guidelines during the period it remains in default of the filing requirements. The company confirms that there is no other material information relating to its affairs that has not been generally disclosed.
About Vsblty Groupe Technologies Corp.
Headquartered in Philadelphia, Vsblty is the world leader in Proactive Digital Display, which transforms retail and public spaces as well as place-based media networks with software-as-a-service-based audience measurement and security software that uses artificial intelligence and machine learning. Its proprietary technology effectively integrates with other digital retail solutions, including QR codes and mobile applications. The firm is also recognized for its leadership role in the growing store-as-a-medium movement that enables brands to reach customers when and where buying decisions are being made while producing a new revenue stream for retailers.