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VSBLTY Groupe Technologies Corp. (OTCQB: VSBGF) is a leading AI software provider of security and retail analytics technology headquartered in Philadelphia. The company recently acquired Shelf Nine LLC, a leader in retail media networks, to bolster its offerings under the 'Store as a Medium' model. With a focus on in-store interactive digital displays and customer analytics, VSBLTY is at the forefront of computer-vision-driven data analysis for brands and retailers. The recent acquisition of Shelf Nine is expected to significantly contribute to VSBLTY's revenue stream in the coming years, marking a transformative phase for the company.
VSBLTY Groupe Technologies Corp. (OTCQB: VSBGF) reported a 164% increase in revenue for 2021, reaching $1.6 million, up from $607K in 2020. Significant quarterly growth was noted, with Q4 2021 revenue at $654K. The company anticipates an additional $400K in revenue from a delayed order set for Q2 2022. VSBLTY holds a year-end cash balance of $4.9 million and is engaged in a joint venture with Winkel Media, which includes a sizable media network planned across Latin America. However, the company reported an operating loss of $8.2 million due to R&D investments.
VSBLTY Groupe Technologies Corp. (OTCQB: VSBGF) has entered into a SaaS agreement with Winkel Media for the Golden Record installation in convenience stores across Latin America. This initiative is projected to more than double existing SaaS revenue per store and increase media value by at least 25%. The rollout began in Mexico, Peru, Ecuador, Colombia, and the Dominican Republic, targeting 50,000 stores. The Golden Record program enhances customer experience through free Wi-Fi and personalized marketing, providing new advertising revenue for stores and greater engagement with customers.
VSBLTY Groupe Technologies Corp. (OTCQB: VSBGF) announced a delay in its annual financial statements for the year ending December 31, 2021, originally due on May 2, 2022. The delay is attributed to lagging documentation from the company's international operations and translation issues. Despite this setback, the company is working diligently to finalize the filings and anticipates submitting them imminently. This development is crucial for investors awaiting insights into the company's financial performance.
VSBLTY Groupe Technologies Corp. (OTCQB: VSBGF) announced the appointment of Joe Jenson to its Advisory Board. Jenson, a former Intel executive with extensive experience in retail technology, brings a wealth of knowledge in customer experience enhancement and strategic planning. His role aims to strengthen VSBLTY’s engagement with retailers and partners, further promoting the Store as a Medium initiative. Jenson expressed excitement about leading industry transformation, leveraging VSBLTY’s advanced technologies like VisionCaptor™ and DataCaptor™ for enhanced customer engagement and security.
VSBLTY Groupe Technologies Corp. (OTCQB: VSBGF) is showcasing its innovative Store as a Medium (SaaM) technology at key industry events globally. The SaaM app, released earlier, aims to enhance retail sales and efficiency through data insights. Notably, the company presented at the World Retail Congress and is scheduled for Intel® Vision, BIG 5G Event, and Lenovo Accelerate 2022. CEO Jay Hutton noted rising interest in SaaM, which integrates IoT, media advertising, and advanced analytics. VSBLTY's proprietary technologies, including VisionCaptor™ and DataCaptor™, leverage AI for enhanced customer engagement and security.
VSBLTY AI Technology will be installed in over 20,000 cameras throughout Mexico over the next four years. This initiative, in collaboration with RADARApp and a major telecommunications carrier, aims to enhance security through advanced AI analytics, including facial and weapons recognition.
The deployment will average 5,000 smart cameras per year and is part of a broader strategy to integrate security with connectivity in urban areas, supported by training the carrier's sales force to target various market segments.
VSBLTY Groupe Technologies Corp. (OTCQB: VSBGF) announces the appointment of WPP retail expert David Roth to its Board of Directors. Roth, with extensive experience in retail and marketing, aims to bolster VSBLTY's leadership in the $100 billion retail media market. He has previously guided major brand strategies and expansions, especially in digital and AI-driven retail technologies. This appointment signifies VSBLTY's commitment to enhancing customer engagement through innovative security and analytics software. Roth's expertise is anticipated to drive growth and capitalize on evolving retail dynamics.
On February 24, 2022, VSBLTY Groupe Technologies Corp. (OTCQB: VSBGF) announced the appointment of Steve McMahon, founder of Insight Out, to its Advisory Board. McMahon brings extensive experience in analytics and brand strategy, having worked with leading brands in the retail sector. His role will involve advising VSBLTY on computer vision measurement and analytics, contributing to the company's leadership in the industry. VSBLTY specializes in security and retail analytics technology, utilizing advanced AI-driven software for enhanced customer engagement and security.
VSBLTY Groupe Technologies Corp. (OTCQB: VSBGF) announced a partnership with Farleigh Consultants Ltd. to market advanced security technology solutions across the UK and EU.
The partnership focuses on VSBLTY’s proprietary software, including VisionCaptor™ and DataCaptor™, designed for heightened security features like facial and weapon recognition.
Both companies emphasize GDPR compliance, aiming to enhance public safety while safeguarding personal data.
CEO Jay Hutton expressed optimism about expanding their security technology presence in Europe.
On January 18, 2022, VSBLTY Groupe Technologies Corp. (OTCQB: VSBGF) announced its innovative Store as a Medium (SaaM) program, featured in collaboration with WPP and Intel. This app highlights future retail trends and offers retailers insights as the market rebounds post-pandemic. A white paper detailing the SaaM opportunities will be released at the National Retail Federation Conference, supporting the call for retailers to capitalize on high-profit retail media networks. The company aims to empower all retailers, including small businesses, leveraging AI and data analytics.
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