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VANCOUVER, British Columbia, Aug. 04, 2021 (World NEWSWIRE) — Victory Square Systems Inc. (“Victory Square” or the “Firm”) (CSE:VST) (OTC:VSQTF)(FWB:6F6) is happy to announce that, as element of the Company’s prolonged-expression approach to optimize shareholder price, the board of administrators of the Corporation has accredited a strategic dividend reward initiative to unlock the intrinsic benefit of its portfolio corporation, Fantasy 360 Technologies Inc. dba Immersive Tech (“Immersive”) by proposing a distribution of a part of the popular shares of Immersive currently held by the Company to shareholders of the Enterprise. Victory Sq. will consider, take into account and evaluate the mechanism by which to effect such distribution on a tax effective and economically prudent basis, with the goal of in the long run capitalizing Immersive as a stand-on your own publicly stated entity, following its community listing.
Shafin Diamond Tejani, Main Executive Officer of Victory Sq., commented: “Our Board along with myself and our Executive group think that this strategic dividend reward with Immersive is in immediate alignment with our vision to give a potent recurring return on investment for our stakeholders. Our Staff and Board at VST are extremely enthusiastic at the impending listing of Immersive that follows in the footsteps of the thriving listings of our portfolio corporations FansUnite (Supporters) and GameOn (GET).”
As an marketplace leader in blending amusement park engineering and online video sport enhancement, Immersive has founded robust doing work associations with prime organizations which include: Bayer Prescription drugs, Intel, Allegiant Airways, Cash Just one, Scotia Bank, and the US Foods and Drug Administration among some others for brand activations at activities like X-Video games, Boston Hub Week between some others. Around the earlier four yrs. Immersive has constructed extremely sought immediately after escape place ordeals for some of the biggest Spouse and children Enjoyment groups globally together with APEX Entertainment, and Kalahari Resorts. Immersive also operates the newly released firm “UNCONTAINED”, the world’s very first COVID-safe free-roam AR/VR shipping container Spot-Based Leisure franchise. For far more information watch the company’s most up-to-date emphasize reel movie or go to www.ImmersiveTech.co
Immersive “In the news” modern bulletins:
Issue to all requisite regulatory approvals, the system, timing and quantum of any this kind of long run distribution will be subject to the determination of the Company’s board of administrators, in its sole discretion, taking into account, amongst other factors, liquidity, monetary condition, corporate approach, tax implications, marketplace tendencies and other cash marketplace concerns. The total plan of distribution of Immersive Systems in shares will be declared on listing and is issue to the firm’s board of directors and CSE approval.
The Enterprise also announces that pursuant to its Inventory Choice Approach the board of administrators permitted the granting of an aggregate of 325,000 incentive inventory selections to particular consultants of the Enterprise. 250,000 incentive stock alternatives are exercisable at an $.51 per share for a period of 2 a long time, ending July 22, 2023, and 75,000 incentive stock options are exercisable at $.53 for each share a period of 2 yrs, ending July 26, 2023.
Verify out VictorySquare.com and signal up to VST’s formal newsletter at www.VictorySquare.com/e-newsletter.
On behalf of the Board of Directors
“Shafin Diamond Tejani”
Director and Main Government Officer
Victory Square Systems Inc.
For further more facts about Victory Sq., make sure you make contact with:
Trader Relations Make contact with – Edge Communications Group
Electronic mail: [email protected]
Telephone: 604 283-9166
Media Relations Call – Howard Blank, Director
Email: [email protected]
ABOUT VICTORY Sq. Technologies INC.
Victory Square (VST) builds, acquires and invests in promising startups, then offers the senior management and sources wanted for rapidly-monitor expansion. VST’s sweet location is chopping-edge tech which is shaping the 4th Industrial Revolution. Our portfolio is made up of 28 global subsequent generation tech businesses in critical sectors such as: the Creator Financial state, Digital Health and fitness, Gaming, World wide web 3., VR/AR and Inexperienced Tech
What we do in a different way for startups
VST isn’t really your common investor. With actual pores and skin in the sport, we are committed to making certain every firm in our portfolio succeeds. Our solution sauce starts off with picking out startups that have true options, not just strategies. We pair you with senior talent in product or service, engineering, shopper acquisition and extra. Then we permit you do what you do finest — build, innovate and disrupt. In 24-36 months, you may scale and be ready to monetize.
What we do in a different way for buyers
For traders, we give early-phase accessibility to the up coming unicorns ahead of they’re unicorns. Our portfolio signifies a uniquely liquid and secure way for traders to get access to the hottest cutting-edge technologies. For the reason that we target on market-all set options that scale rapidly, we are ready to give potent and steady returns though also tapping into emerging international tendencies with large upsides.
VST is a publicly-traded corporation headquartered in Vancouver, Canada, and stated on the Canadian Securities Trade (VST), Frankfurt Trade (6F6) and the OTCQX (VSQTF).
For additional details, remember to check out www.victorysquare.com
ABOUT THE CANADIAN SECURITIES Exchange (CSE)
The Canadian Securities Exchange, or CSE, is operated by CNSX Markets Inc. Identified as a inventory trade in 2004, the CSE commenced operations in 2003 to give a modern-day and successful option for firms hunting to obtain the Canadian general public capital marketplaces.
Ahead-On the lookout Details
This news release has “forward-searching information” within just the that means of applicable securities legal guidelines relating to the outlook of the company of Victory Square and Immersive, which includes, with out limitation, statements relating to foreseeable future performance, execution of company approach, foreseeable future development, business potential clients and options of Victory Sq., Immersive and every single of its respective subsidiaries and other components over and above our management. These types of ahead-searching statements may possibly, with out limitation, be preceded by, adopted by, or consist of words this sort of as “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans”, “continues”, “project”, “potential”, “possible”, “contemplate”, “seek”, “goal”, or equivalent expressions, or might hire these kinds of upcoming or conditional verbs as “may”, “might”, “will”, “could”, “should” or “would”, or may possibly otherwise be indicated as forward-looking statements by grammatical building, phrasing or context. All statements other than statements of historic facts contained in this news launch are ahead-on the lookout statements. Ahead-hunting details is based on particular vital anticipations and assumptions produced by the management of Victory Square. Whilst Victory Sq. believes that the expectations and assumptions on which this kind of ahead searching details is primarily based are realistic, undue reliance ought to not be positioned on them for the reason that Victory Square can give no assurance that they will confirm to be proper. Actual success and developments might differ materially from individuals contemplated by these statements. The statements contained in this news launch are created as of the date of this news launch. Victory Square and Immersive disclaims any intent or obligation to update publicly any forward-wanting details, no matter if as a consequence of new facts, foreseeable future gatherings or effects or normally, other than as necessary by applicable securities rules.
This information release does not represent an supply to offer or a solicitation of an supply to market any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any point out securities guidelines and might not be supplied or sold within the United States or to U.S. Persons unless of course registered beneath the U.S. Securities Act and relevant point out securities laws or an exemption from these registration is out there.
The Canadian Securities Exchange has neither authorised nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.