VISIUM TECHNOLOGIES INC - VISM STOCK NEWS

Visium Technologies (VISM) and Inner Circle Logistics (ICGroup) have signed a Memorandum of Understanding (MOU) to develop a state-of-the-art data center in the US Virgin Islands. The project, beginning in summer 2024, will leverage the region's strategic location, robust infrastructure, and economic benefits. The 22,500 square feet facility will boost data processing efficiency, connectivity, and cybersecurity for global clients. Visium will provide expertise in design, construction, and management, ensuring the project's success. This initiative aims to stimulate economic growth and job creation in the USVI, enhancing global data services.

Visium Technologies, a global cybersecurity and IT infrastructure services company, has provided an update on its business activities for 2024. The company has initiated project work in Africa in partnership with Cybastion Institute of Technology, focusing on infrastructure and cybersecurity projects in Côte D'Ivoire, Benin, and Burkina Faso. This includes a $20 million contract set to start in June. Additionally, Visium is working with IREX.AI on a video surveillance technology project in Peru. These activities are expected to generate revenue soon. CEO Mark Lucky thanked shareholders for their patience regarding delays in revenue recognition and emphasized that 2024 is set to be a year of execution with multiple contracts across Africa, South America, and the US.

Visium Technologies, Inc. (VISM) has secured a $20 million contract to design and construct data centers in Côte d'Ivoire and Benin, marking its entry into the West Africa data center construction market. The project includes the creation of a national data center in Côte d'Ivoire and a cybersecurity training center, aiming to ensure digital sovereignty. The company anticipates recognizing 100% of the revenue in 2024 and aims to address the increasing demand for data center capacity and enhanced cybersecurity in sub-Saharan Africa. The African data center market is projected to reach $5 billion by 2026, with a compound annual growth rate of 15% to 20% through 2030.

Visium Technologies, Inc. announces the launch of its Technology Consulting Services division to meet growing demand. The division will offer network engineering, system engineering, software development, and cybersecurity services. The company has secured projects valued at over $1 billion in Africa, with the first contract in Cote D'Ivoire worth over $50 million. The financing for these projects has already been secured from governmental institutions. These developments position Visium for rapid corporate growth and transformation into a world-class technology company.

Visium Technologies, Inc. has received a Letter of Intent to collaborate with Cybastion Institute of Technology on projects in Côte d'Ivoire. The estimated value of contracts for these projects is $50 million. Projects expected to commence in October 2023.

Visium Technologies repays $44,250 convertible note, plans to settle advance with cash from contract revenues. Focus on expanding service offerings and closing new contracts in West Africa and the Caribbean.

Visium Technologies, Inc. has signed a 3-year $2.5 million revolving line of credit agreement with Impact Capital Investments. The agreement allows Visium to access capital based on its accounts receivables and obtain mobilization advances. This credit facility will provide incremental liquidity as the company executes its growth strategies.