Versus Systems Provides Update on Corporate Developments and Growth Strategy
August 16 2021 - 4:05PM
Versus Systems Inc. (“Versus” or the “Company”) (Nasdaq: VS) will
host an investor webinar today, August 16, 2021, to discuss recent
Company achievements and strategies for future growth and related
milestones. The webinar will begin at 5:00 p.m. ET (2:00 p.m. PT).
Investors will be able to access the event here or in the investor
relations section of the Company’s website at ir.versussystems.com.
Highlights and Recent Operational
Developments
- Closed transformative acquisition of Xcite Interactive on June
3, 2021
- Added Jennifer Prince, Twitter's Global VP and Head of Content
Partnerships, to the board of directors
- Drove fan engagement for six NHL teams, including the Stanley
Cup-winning Tampa Bay Lightning, during the NHL Playoffs
- Powered in-stadium fan engagement for the #MEXTOUR, the Mexican
National Team’s annual multi-game soccer tour in the United
States
- Powered fan engagement for the 2021 Bassmaster Classic to a
record-breaking live crowd of nearly 150,000 people
- Partnered with Keurig Dr. Pepper brand Crush to power
second-screen engagement during the Canelo Alvarez vs. Billy Joe
Saunders middleweight boxing title fight
- Powered live in-stadium and at-home fan experiences for MLS’s
Los Angeles Football Club
- Announced partnerships with Peach Bowl, Inc. and Military Bowl
Foundation, Inc.
- Powered live in-stadium experiences and second screen
engagement for the Days of ’47 Cowboy Games & Rodeo
- Drove in-stadium fan engagement for The Hundred, a new cricket
league in England and Wales
- Broadened partnership with HP to launch OMEN Rewards in Mexico,
the UK, and India
- Introduced alcohol-related advertising to the Company’s Dynamic
Regulatory Compliance engine
- Launched a Shopify App that allows ecommerce and small
businesses to connect their stores to the Company’s proprietary
rewards platform
- Appointed Amanda Armour as Chief People Officer
Management Commentary“Versus Systems had a
remarkable second quarter, and that progress has continued into the
third quarter,” said Matthew Pierce, CEO of Versus Systems. “We
closed the transformative acquisition of Xcite Interactive in June
and are thrilled to see how well the teams have merged as we work
to fully integrate the XEO technology into our Dynamic Regulatory
Compliance prizing engine. We have dozens of new partners, across a
broad range of sports teams and live events, that can access our
complete engagement platform, bringing real-life prizing to their
audiences wherever they are.
“Entertainment and media is a $2 trillion dollar annual
industry. From live events to TV to streaming to video games,
people need to be entertained. We are the leader in second-screen
engagement and fan experiences both in-stadium and at-home.
Everything we set out to do when we joined the NASDAQ, and when we
acquired Xcite, we have either already accomplished or are in a
much stronger position to do so. We are excited to continue
bringing the Versus experience to more and more fans this fall and
into the future.”
Investor WebinarThe Company will hold a webinar
for investors on Monday, August
16th at 5:00 p.m. Eastern
time to provide a business update and discuss its growth
strategy and milestones.
Date: Monday, August 16, 2021 Time: 5:00 p.m. Eastern time (2:00
p.m. Pacific time) Investors may register for the webinar here.
Questions for the Q&A session may be sent in advance to
ir@versussystems.com. Updates and further details will be available
at www.versussystems.com. If you have any difficulty connecting
with the webinar, please contact Gateway Group at (949)
574-3860.
About Versus Systems
Versus Systems Inc. has developed a proprietary prizing and
promotions engine that allows publishers, developers, and creators
of streaming media, live events, broadcast TV, games, apps, and
other content to offer real world prizes inside their content.
Audiences can choose from among the offered prizes and then
complete in-game or in-app challenges to win the prizes. The
Versus platform can be integrated into streaming media, TV, mobile,
console, and PC games, as well as mobile apps. For more
information, please visit www.versussystems.com or
visit the official Versus Systems YouTube
channel.
Investor Contact:Cody Slach and Sophie
PearsonGateway Investor
Relations949-574-3860IR@versussystems.com orpress@versussystems.com
Source:
https://www.pwc.com/gx/en/entertainment-media/outlook-2021/perspectives-2021-2025.pdf
Disclaimer for Forward-Looking
Information
This news release contains certain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements, other
than statements of historical fact, are forward looking statements
and are based on expectations, estimates and projections as at the
date of this news release. Any statement that involves discussions
with respect to predictions, expectations, beliefs, plans,
projections, objectives, assumptions, future events or performance
(often but not always using phrases such as "expects", or "does not
expect", "is expected", "anticipates" or "does not anticipate",
"plans", "budget", "scheduled", "forecasts", "estimates",
"believes" or "intends" or variations of such words and phrases or
stating that certain actions, events or results "may" or "could",
"would", "might" or "will" be taken to occur or be achieved) are
not statements of historical fact and may be forward looking
statements. These forward-looking statements are based on
reasonable assumptions and estimates of management of the Company
at the time such statements were made. Actual future results may
differ materially as forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to
materially differ from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Although the forward-looking statements contained in
this news release are based upon what management of the Company
believes, or believed at the time, to be reasonable assumptions,
the Company cannot assure shareholders that actual results will be
consistent with such forward-looking statements, as there may be
other factors that cause results not to be as anticipated,
estimated or intended. Accordingly, readers should not place undue
reliance on forward-looking statements and information. There can
be no assurance that forward-looking information, or the material
factors or assumptions used to develop such forward-looking
information, will prove to be accurate. The Company does not
undertake any obligations to release publicly any revisions for
updating any voluntary forward-looking statements, except as
required by applicable law.
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