Net Asset Value (“NAV”) Update: unaudited June 30, 2022 NAV – $89,704,469
Notable Portfolio Highlights: IV Hydreight, Creator.co, RecreationOn, XR Immersive, Next Decentrum, Stardust Solar, Fansunite, CoPilot, Turnium, Covalent CQT and Cloud Advisors
Company & Executive Team featured in Forbes, Yahoo Finance, Entrepreneur, CoinTelegraph and Newsweek
Next Investor Q&A Webinar on Thursday July 28, 2022
VANCOUVER, British Columbia, July 21, 2022 (GLOBE NEWSWIRE) — Victory Square Technologies Inc. (“Victory Square” or the “Company”) (CSE:VST) (OTC:VSQTF) (FWB:6F6), an organization that gives VC Investment entry to a various portfolio of subsequent technology know-how corporations inside an audited, clear and liquid funding automobile, is happy to offer a Corporate Update.
Shafin Diamond Tejani, CEO of Victory Square: “I need to personally thank all of Victory Square’s shareholders which have believed in our mission and imaginative and prescient. We’ve been very lucky to have such a passionate, supportive and vocal shareholder base. Despite market situations, our crew is dedicated to constructing long-term shareholder worth. As we not too long ago entered Q3 2022, I’d prefer to take this chance to share some notable highlights from Q2 2022.”
Net Asset Value (“NAV”) unaudited June thirtieth, 2022 Update:
NAV – $89,704,469 approx.
(See “Use of Non-GAAP Financial Measures”)
This replace is made based mostly on Victory Square’s established follow of releasing NAV as a part of the Company’s ongoing response to shareholder curiosity in receiving periodic data. NAV is calculated based mostly on the most recent audited valuations, third social gathering pricing company valuations in addition to unaudited administration evaluation valuations (based mostly on comparables out there) as at June thirtieth, 2022.
Notable Portfolio Highlights:
IV Hydreight – IV Hydreight supplies quick wellness by means of its cell platform and core crew of professionally educated service suppliers. Hydreight’s distinctive, customized constructed, proprietary telemedicine service permits customers to e book confidential well being and wellness and/or medical companies at their residence, resort, workplace, or wherever they could want discreet help with the identical ease and comfort as reserving a trip or ordering meals supply. Hydreight has a 503B pharmacy license below the United States Federal Food, Drug and Cosmetic Act and is a U.S. licensed e‐script and telemedicine supplier, permitting it to offer companies in all 50 states. In addition to offering telehealth companies, Hydreight’s different merchandise embrace intravenous drips, Botox, and different medical and medispa remedies for quite a lot of situations, together with dehydration, anti‐growing older, and extra.
2021
2022
January
4
22
February
5
13
March
9
38
April
10
37
May
9
63
June
2
68
Total
39
241
*Numbers are approximate and offered by Hydreight Management
Creator.co – Creator.co has grown to develop into one of many world’s high‐ranked Influencer platforms. The firm is a one cease store to drive consciousness, content material, and conversions for manufacturers on Instagram, Facebook, Twitter, YouTube, and TikTookay. The Creator.co platform automates Influencer advertising and marketing for younger manufacturers and begin‐ups, nationals, and businesses, permitting manufacturers to find extremely‐tailor-made creators and launch a marketing campaign with them in minutes. Over 150,000 Creators are at present collaborating with manufacturers by means of Creator.co (with over 10,000 new Creators being added month-to-month)
RecreationOn (CSE:GET) – RecreationOn powers the largest sports activities,media, and leisure corporations with probably the most revolutionary white label sport applied sciences. RecreationOn supplies broadcasters, TV networks, streaming platforms, leagues, tournaments, sportsbooks, and NFT tasks with white label prediction video games, fantasy video games, and NFT‐based mostly video games. Since finishing the Comcast NBCUniversal LIFT Labs Accelerator powered by Techstars in 2018, RecreationOn has secured income‐producing partnerships with international corporations, together with NBCUniversal, Bravo, and MX Player.
Reported $207,151 in income in Q1, 2022, up from $2,791 in Q1, 2021, and on observe to succeed in $1M in income in 2022 / profitability in 2023.
Launched Primal Pick’Em for Chibi Dinos, which is reside and playable.
Launched the Bet On Women sport for Gaming Society and the WNBA, based by Jaymee Mesler (The Players’ Tribune) and Kevin Garnett.
Announced a partnership with Tetavi for an NFT-based music fantasy sport. It’ll be reside by end-of-summer and permit music followers to find new music, spend money on the songs, and obtain royalties based mostly on streams and charts, in essence constructing their very own report label.
XR Immersive (CSE:VRAR) – XR Immersive Technologies is behind the “Physical Portal to the Metaverse” with the launch of their UNCONTAINED VR platform, in addition to designing, constructing, and putting in immersive and interesting experiences for a few of the world’s main corporations.
Next Decentrum – Next Decentrum democratizes entry to artwork and tradition by making digital collections joyful to discover, easy to gather, and rewarding to the person. Next Decentrum’s product, Momentable, permits museums and artists to publish artwork and artifacts as digital collectibles to succeed in a worldwide viewers and make the most of new funding and income alternatives.
Stardust Solar – Founded in 2017, Stardust Solar is a frontrunner in renewable power training, offering CSA/NABCEP authorised design and set up coaching with hands-on expertise. Stardust Solar can be one of many first corporations in North America to supply a franchise alternative devoted to the set up of photo voltaic PV programs. With a community of photo voltaic coaching facilities throughout North America, Stardust Solar is already broadly thought to be the chief in photo voltaic training now having licensed over 2,000 photo voltaic installers throughout Canada and the USA. With a rising listing of franchise areas throughout North America, Stardust leans on its background to teach householders about vital key variations in photo voltaic merchandise and their warranties, and provides selections when buying life-changing photo voltaic gear, together with Sunpower.
CSA authorised EV Charger Installation Training accomplished
Currently have 16 franchises (14 in Canada and a pair of in US) in comparison with the 2021 12 months finish whole of 12 franchises in Canada, with an anticipated 4 extra to be added over the subsequent 6 months
100% Year-Over-Year Growth
Fansunite (CSE:FANS) – FansUnite is a worldwide sports activities and leisure firm, targeted on know-how associated to regulated and lawful on-line betting, gaming, and different associated merchandise. The firm has produced a one‐of‐a‐variety full iGaming platform, with a sports activities and esports focus geared for the subsequent technology of on-line bettors and on line casino gamers.
CoPilot Advisors – CoPilot AI is a Software‐as‐a‐Service (SaaS) firm that makes use of AI know-how to assist gross sales groups mechanically goal certified prospects on social media, provoke one‐to‐one conversations, and floor well timed gross sales alternatives with out requiring any content material advertising and marketing, spam emails, or promoting. CoPilot AI is predicted to develop into the spine of all AI gross sales exercise on the web inside 5 years
Turnium Technology Group (TSXV: TTGI) – Turnium Technology Group, Inc. delivers its SD-WAN resolution as a white label, containerized, disaggregated software program platform that channel companions host, handle, model, and value and as a managed cloud-native service offered by Turnium. Both Turnium SD-WAN provides can be found by means of a channel associate program designed for Communications Service Providers, Internet and Managed Service Providers, System Integrators, and Value-Added Resellers.
Covalent CQT – Covalent supplies the industry-leading Unified API bringing visibility to billions of Web3 knowledge factors. Developers use Covalent to construct thrilling multi-chain functions like crypto wallets, NFT galleries, and investor dashboard instruments using knowledge from 32+ blockchains. Covalent is trusted by a neighborhood of 27,000+ builders and powers knowledge for 1000+ functions together with 0x, Zerion, Rainbow Wallet, Rotki, Bitski and plenty of others.
Cloud Advisors – Cloud Benefit Solutions is a longtime SaaS platform throughout the group life and medical insurance {industry} that gives Canada’s largest Insurtech cloud platform and market powered by AI.
Media & Webinars:
Webinar – The Company invitations you to hitch the subsequent Investor Q&A Webinar with CEO Shafin Diamond Tejani, particulars discovered beneath.
Date: Thursday, July 28, 2022Time: 1:05 pm PST/ 4:05 pm ESTLocation: through Zoom
Please register on the hyperlink offered right here
Media – The Company and its Executive Team has been featured in quite a lot of publications which embrace: Forbes, Entrepreneur and Newsweek. Additionally, the Company participated in plenty of webinars.
Yahoo Finance: VSQTF: A Liquid Way to Diversify Into Early-Stage Venture at a Deep Discount to NAV
Newsweek: Nurses Are Burned Out—Can On-Demand Health Care Apps Help?
Forbes: What’s Next For Digital HealthcareNewsweek: Why Sex Tech Is the Overlooked Giant of the Wellness IndustryCoinTelegraph: How creator cash could possibly be the break Web3 wantsEntrepreneur: Web3 Could See Its Own Dot-Com Boom. Here’s How To Survive The Bust.Newsweek: 3 (Unexpected) Ways The Metaverse May Change Your Life This YearForbes: Five Lessons From A Dotcom-Bubble Veteran For Today’s Retail InvestorsTechonomy: Necessity, Not Passion, Drives The Creator Economy6 Minute CEO: Victory Square TechnologiesSmallCap 60: $VST – “Providing Investment Access to a New Breed of Disruptive Firms”6 Minute CEO: Victory Square Technologies – 3 Company SpinoutsAgoracom: $VSQTF Ends 2021 With $100 MILLION NAV For 25+ Portfolio Companies6 Minute CEO: Victory Square Technologies – All in regards to the NAV6 Minute CEO: Victory Square – Liquid VC Capital – Digital Health Space
Check out VictorySquare.com and signal as much as VST’s official e-newsletter at www.VictorySquare.com/e-newsletter.
On behalf of the Board of Directors
“Shafin Diamond Tejani”Director and Chief Executive OfficerVictory Square Technologies Inc.www.victorysquare.com
For additional details about Victory Square, please contact:
Investor Relations Contact – Abbey VogtEmail: [email protected]Telephone: 604 283-9166
Peter Smyrniotis – DirectorTelephone: 604 283-9166
Use of Non-GAAP Financial Measures:
This launch incorporates references to NAV which is a non-GAAP monetary measure. NAV is calculated as the worth of whole belongings. The time period NAV doesn’t have any standardized which means in response to GAAP and subsequently is probably not corresponding to comparable measures introduced by different corporations. There is not any comparable GAAP monetary measure introduced in Victory Square Technologies Inc. consolidated monetary statements and thus no relevant quantitative reconciliation for such non-GAAP monetary measure. The Company believes that the measure supplies data helpful to its shareholders in understanding the Company’s efficiency, and will help within the analysis of the Company’s enterprise relative to that of its friends. This knowledge is furnished to offer extra data and doesn’t have any standardized which means prescribed by GAAP. Accordingly, it shouldn’t be thought of in isolation or as an alternative choice to measures of efficiency ready in accordance with GAAP, and isn’t essentially indicative of different metrics introduced in accordance with GAAP. Existing NAV of the Company will not be essentially predictive of the Company’s future efficiency or the NAV of the Company as at any future date.
ABOUT VICTORY SQUARE TECHNOLOGIES INC.
Victory Square (VST) builds, acquires and invests in promising startups, then supplies the senior management and sources wanted for fast-track progress. VST’s candy spot is cutting-edge tech that’s shaping the 4th Industrial Revolution. Our company portfolio consists of 25+ international corporations utilizing AI, VR/AR, and blockchain to disrupt sectors as various as fintech, insurance coverage, well being and gaming.
What we do in another way for startups
VST isn’t your odd investor. With actual pores and skin within the sport, we’re dedicated to making sure every firm in our portfolio succeeds. Our secret sauce begins with choosing startups which have actual options, not simply concepts. We pair you with senior expertise in product, engineering, buyer acquisition and extra. Then we allow you to do what you do finest — construct, innovate and disrupt. In 24-36 months, you’ll scale and be able to monetize.
What we do in another way for traders
For traders, we provide early-stage entry to the subsequent unicorns earlier than they’re unicorns. Our portfolio represents a uniquely liquid and safe manner for traders to get entry to the most recent cutting-edge applied sciences. Because we give attention to market-ready options that scale shortly, we’re in a position to present robust and secure returns whereas additionally tapping into rising international traits with massive upsides.
Victory Square integrates a powerful ESG (environmental, social and company governance) element all through its operations. Our portfolio highlights minority entrepreneurs, typically neglected by conventional traders, together with many from growing nations. We are additionally devoted to giving again to the communities during which we serve and function. The Company’s mandate is to help organizations by means of its time, expertise and treasure. The Company is dedicated to organizations that present companies within the youth, psychological well being, particular wants, sport, tech, training, marginalized teams, First Nations, and accessibility sectors.
VST is a publicly-traded firm headquartered in Vancouver, Canada, and listed on the Canadian Securities Exchange (VST), Frankfurt Exchange (6F6) and the OTCQX (VSQTF).
For extra data, please go to www.victorysquare.com.
ABOUT THE CANADIAN SECURITIES EXCHANGE (CSE)
The Canadian Securities Exchange, or CSE, is operated by CNSX Markets Inc. Recognized as a inventory trade in 2004, the CSE started operations in 2003 to offer a contemporary and environment friendly various for corporations seeking to entry the Canadian public capital markets.
FORWARD-LOOKING INFORMATION
This information launch incorporates “forward-looking data” throughout the which means of relevant securities legal guidelines referring to the outlook of the enterprise of Victory Square and its portfolio corporations, together with, with out limitation, statements referring to future efficiency, execution of enterprise technique, future progress, enterprise prospects and alternatives of Victory Square and its associated subsidiaries and portfolio corporations, together with these gadgets listed below the heading “Goals for the Next Quarter”, “2022 Outlook” and different elements past our management. Such forward-looking statements could, with out limitation, be preceded by, adopted by, or embrace phrases corresponding to “believes”, “expects”, “to be”, “anticipates”, “estimates”, “intends”, “plans”, “continues”, “challenge”, “potential”, “attainable”, “ponder”, “search”, “purpose”, “goals”, “outlook” or comparable expressions, or could make use of such future or conditional verbs as “could”, “may”, “will”, “may”, “ought to” or “would”, or could in any other case be indicated as forward-looking statements by grammatical building, phrasing or context. All statements aside from statements of historic information contained on this information launch are forward-looking statements. Forward-looking data relies on sure key expectations and assumptions made by the administration of Victory Square. Although Victory Square believes that the expectations and assumptions on which such ahead wanting data relies are cheap, undue reliance shouldn’t be positioned on them as a result of Victory Square may give no assurance that they may show to be appropriate. Although Victory Square believes that the expectations mirrored in forward-looking statements on this press launch are cheap, such forward-looking statements has been based mostly on expectations, elements and assumptions regarding future occasions which can show to be inaccurate and are topic to quite a few dangers and uncertainties, sure of that are past the Victory Square’s management, together with, however not restricted to, the danger elements mentioned within the steady disclosure supplies of the Victory Square which can be found below the Victory Square’s profile on SEDAR at www.sedar.com. The forward-looking statements contained on this press launch are expressly certified by this cautionary assertion and are made as of the date hereof. Actual outcomes and developments could differ materially from these contemplated by these statements. The statements contained on this information launch are made as of the date of this information launch. Victory Square disclaims any intent or obligation to replace publicly any forward-looking data, whether or not on account of new data, future occasions or outcomes or in any other case, aside from as required by relevant securities legal guidelines.
The Canadian Securities Exchange has neither authorised nor disapproved the contents of this information launch and accepts no duty for the adequacy or accuracy hereof.
Source: Victory Square Technologies Inc.
https://insurancenewsnet.com/oarticle/victory-square-technologies-provides-corporate-update
