Leading software technology company VSBLTY Groupe Technologies Corp. (CSE:VSBY) (OTCPK:VSBGF) announced Monday that it has engaged CHF Capital Markets, a highly-regarded leading Canadian investor relations and capital markets firm.
CHF Capital Markets is one of Canada’s top investor relations firms for small- to mid-cap oil companies in a broad range of industries.
According to the release, the service agreement will include investment community outreach, corporate communications, strategic counseling, and content creation for $5,700 per month for a 12-month fixed term.
“We are delighted to start working with Cathy Hume and her team. We believe 2020 will be a game-changer for VSBLTY. With all the partnerships and agreements that have already been signed and those pending, we need to ensure our story is known among the Canadian investor audience,” said VSBLTY CEO Jay Hutton.
“With decades of experience in the IR and Capital Markets field and with influential connections, CHF will be a valuable strategic partner and advisor in Canada, while we focus on steadily expanding on the progress we have made to date and continue to grow the company,” he added.
As part of the engagement, VSBLTY Groupe Technologies will grant CHF Capital Markets incentive stock options to purchase up to 125,000 common shares exercisable at a price of $0.30 per share for a two-year period.
VSBLTY is Transforming Security and Retail Across the Globe
Throughout 2019, VSBLTY Groupe has continued to put out news to update and entice investors, and the same is expected for 2020. In the third quarter alone, the company signed a global reseller agreement with Sensormatic Solutions, deployed a $10 million USD smart city security contract in Mexico City, and, most recently, launched two security initiatives in South Africa.
The South African initiative was launched in partnership with Onyx-Cognivas Pty to protect two prominent high-rise residential apartment buildings in the Sandton area, a high-income suburb of Johannesburg that has a population of 225,000.
Meanwhile, phase one of VSBLTY’s Mexico City safety initiative is underway, which will cover up to 40,000 endpoints in 56 Mexico City communities. The three-year agreement between VSBLTY and Energetika will not only generate more than $10 million USD in SaaS revenue, but it exposes the market to the company’s advanced technology and provides VSBY with significant growth potential.
Each neighborhood security kit consists of high-definition cameras that are equipped with VSBLTY’s facial recognition and analytics, motion sensors, wireless alarms, and panic buttons integrated with high LED facade light fixtures.
Apart from signing several new contracts, VSBLTY also raised sizable proceeds through a brokered private placement led by Echelon Wealth Partners. The private placement, which was originally set at $3 million, netted the company $4,084,860 USD in proceeds, which it plans to use for acquisitions, as well as general and corporate working capital purposes.
It will be exciting to see how all of these contracts will impact the company’s bottom line and what else will come down the pipeline in 2020. Investors will no doubt want to keep an eye on what’s next for VSBLTY Groupe Technologies.
The company’s share price reacted favorably to the news, increasing by 19.44% on the CSE to $0.22 CAD and up 10.39% on the OTC to $0.17 USD by market close.
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