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Visionstate Corp. (VIS.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.0750-0.0050 (-6.25%)
At close: 3:59PM EST
Full screen
Previous Close0.0800
Open0.0750
Bid0.0700 x 0
Ask0.0800 x 0
Day's Range0.0750 - 0.0800
52 Week Range0.0200 - 0.1400
Volume672,450
Avg. Volume869,901
Market Cap3.951M
Beta (5Y Monthly)-2.64
PE Ratio (TTM)N/A
EPS (TTM)-0.0130
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateMay 17, 2000
1y Target EstN/A
  • Visionstate Corp. Retains CHF Capital Markets for Investor Relations and Corporate Communications Services
    GlobeNewswire

    Visionstate Corp. Retains CHF Capital Markets for Investor Relations and Corporate Communications Services

    EDMONTON, Alberta, March 03, 2021 (GLOBE NEWSWIRE) -- Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”) is pleased to announce that it has engaged CHF Capital Markets (“CHF”), a highly-regarded Canadian investor relations and capital markets firm, as its representative. “2020 proved to be a pivotal year in the Company’s history with the pandemic forcing public facilities to finally realize the importance of cleaning compliance, tracking and accountability. Visionstate focused most of its efforts on business development in the past year, having seen an unprecedented surge in the interest in the Company’s WANDA IoT solution. The results of those efforts are now in – Visionstate has reported its first operational profit and keeps growing at an accelerated pace. Therefore, we feel that now is the perfect time to get the Company’s name in front of a larger group of investors and ramp up our IR, PR and Marketing activities. Visionstate has had the pleasure of working with the CHF team in the past and we are very impressed with the work they have done for us,” said John Putters, CEO of Visionstate. “With a lot of exciting developments Visionstate has on the horizon, we are looking forward to partnering with CHF to help present our message across multiple communication channels.” Effective immediately, the services agreement for investment community outreach, corporate communications and digital marketing is for a term of 12 months ending February 28, 2022. Thereafter, the contract may be extended with a two months’ termination notice. Under the terms of the agreement, which is subject to the TSX Venture Exchange approval, CHF will receive a monthly compensation of $6,500 + GST. CHF has been granted incentive stock option of 500,000 shares priced in the context of the market. About CHF Capital Markets CHF Capital Markets (www.chfcapital.com) is a Toronto-based firm specializing in Investor Relations. With more than 80 years of collective IR & Capital Markets experience, CHF has been a trusted partner for many public companies in Canada and worldwide, operating in a broad range of industries including Mining, Technology, Financial Services, Healthcare, Oil & Gas, and Special Situations.Its team consists of a diverse pool of talent that combines analytical and creative skills – high-profile communications and investment industry specialists, digital media experts, content creators and graphic designers – making it a one-stop shop for all your communication needs in the public sector. About Visionstate Corp. Visionstate Corp. (TSX-V: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences. Visit the website to learn more: https://www.visionstate.com/ Issued on behalf of the Board of Directors, “John A. Putters”Visionstate Corp. John Putters, CEOVisionstate Corp.Mobile: 587-985-2601Office: 780-425-9460Email: jputters@visionstate.com Perry Rapagna, Manager, Corporate DevelopmentCHF Capital MarketsTel: 416-868-1079 x230Email: perry@chfir.com Forward-Looking Statements Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

  • Visionstate Reports Its First Profitable Quarter
    GlobeNewswire

    Visionstate Reports Its First Profitable Quarter

    EDMONTON, Alberta, March 02, 2021 (GLOBE NEWSWIRE) -- Visionstate Corp. (TSX-V: VIS) (“Visionstate” or the “Company”), a company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability, today announced its first quarterly profit for the period ended December 31, 2020. Highlights of the First Quarter of 2021 include: Total Revenue of $120,506 compared to $101,714 during the same period in 2019.Gross Profit of $120,708 compared to $97,047 during the same period in 2019.Net Income (Loss) of $40,893 compared to ($62,593) during the same period in 2019. To review the financial statements and MD&A for the quarter, please click here. The development and subsequent deployment of WandaMOBILE represents a significant shift in the Company’s ability to provide a more comprehensive solution to the facility management industry. While Wanda tablets have historically been restroom centric, the mobile app expands the ability to collect data of cleaning activities throughout a facility. Management believes the addition of the mobile app to the Wanda suite of products will have a significant impact on future revenue generation. Visionstate IoT sells its products through a large, global distributor (Bunzl) which carries inventory of the Wanda device and distributes directly to customers. In October 2020, the Company entered into a new three-year agreement with its partner that includes sales, marketing and distribution of the Wanda products. The agreement enables Visionstate to focus on developing new IoT technology while it earns residual revenue through license fees. The agreement also includes monthly retainer fees which represents a new and consistent revenue source for Visionstate. John Putters, Founder and CEO of Visionstate, comments: “This is certainly an exciting time in the Company’s history. Revenues are driven primarily by the sale of our IoT product and derived from recurring licensing and software support fees, thus as the number of units increase, so does the revenue. With the Bunzl partnership in place, we were able to successfully focus the Company’s attention on the continued enhancement of the product software while leaving the sales and inventory management to the expertise of our partner. This will allow VIS to continue expanding the capabilities of the Wanda solution while collecting residual license and initial set up fees from Bunzl. We look forward to the rapid growth thanks to the nature of our software-as-a-service revenue model and continuing to innovate and expand into other industry verticals that are also focused on sustainability through date management.” About Visionstate Corp. Visionstate Corp. (TSX-V: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences. Visit the website to learn more: https://www.visionstate.com/ Issued on behalf of the Board of Directors,“John A. Putters” Visionstate Corp. To learn more, please contact: Visionstate Corp.CHF Capital MarketsWebsite: www.visionstate.comJohn Putters, CEOPerry Rapagna, Manager, Corporate DevelopmentTwitter: @visionstate(780) 425-9460(416) 868-1079 x230Facebook: @visionstatejputters@visionstate.comperry@chfir.comLinkedIn:@VisionstateCorp.

  • Visionstate announces Exchange acceptance and closing of previously announced private placement
    GlobeNewswire

    Visionstate announces Exchange acceptance and closing of previously announced private placement

    EDMONTON, Alberta, Feb. 26, 2021 (GLOBE NEWSWIRE) -- Visionstate Corp. (TSX-V: VIS) (“Visionstate”) is pleased to announce the final acceptance from the TSX Venture Exchange and closing of its over-subscribed, non-brokered private placement financing ("Private Placement") for gross proceeds of $1,505,000 or 30,100,000 units ("Units") at a price of $0.05 per Unit. The Private Placement was first announced on February 1, 2021 for up to $750,000 and upsized to $1,500,000 on February 11th, 2021, for up to 30,000,000 units ("Units"), at a price of $0.05 per Unit. On February 26, 2021, Visionstate closed subscriptions of 30,100,000 Units for gross proceeds of $1,505,000 that included 2,445,000 Units issued to certain insiders of the Company. Each Unit is comprised of one (1) common share in the capital of Visionstate Corp ("Common Share") and one (1) Common Share purchase warrant ("Warrant"), whereby each Warrant entitles the holder to purchase one (1) Common Share at a price of $0.07 for a period of 36 months from the date of closing. The issuance of Units to insiders pursuant to the Private Placement will constitute a "related party transaction" as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Offering will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101. Visionstate anticipates that the exemptions set out in paragraphs (a) and (b) in section 5.5 of MI 61-101 are applicable since the aggregate consideration to be paid by the related parties will not exceed 25% of the market capitalization of Visionstate and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange. In addition, regarding the minority shareholder approval exemptions, the independent directors have determined that the exemptions set out in paragraphs (1)(a) and (b) in section 5.7 of MI 61-101 are applicable in that the aggregate consideration to be paid by the related parties will not exceed 25% of the market capitalization of Visionstate, the distribution of the securities to the related parties will have a fair market value of not more than $122,250 and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange. The securities issued under the Private Placement are subject to a four-month hold period from the time of closing of the Private Placement. In addition, the Company has paid a finder's fee, in the total amount of $8,880 cash and 2970,00 in broker warrants priced at $.07 per warrant, in connection with the entire Private Placement. Visionstate will use the net proceeds from the Private Placement for general working capital and growing its business. About Visionstate Corp. Visionstate Corp. (TSX-V: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate IoT Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences. Issued on behalf of the Board of Directors of Visionstate Corp. “John A. Putters” Visionstate Corp. For additional information please contact: Visionstate Corp.CHF Capital MarketsJohn Putters, CEOCathy Hume(780) 425-9460(416) 868-1079 x 231jputters@visionstate.comcathy@chfir.com