Versus Systems to Power Fan Engagement for Multiple NHL Teams as 2021-2022 Hockey Season Starts
October 14 2021 - 7:00AM
Versus Systems Inc. (“Versus” or the “Company”) (Nasdaq: VS)
announced today that the company is partnering with 11 teams from
the National Hockey League to power these teams’ engagement with
their millions of fans around the globe as the new 2021-2022 NHL
season kicks off this week. Versus will use a combination of
professional services and its new interactive and rewards platform
to manage fan engagement for each NHL team as the company expands
its value proposition for partners. Versus will also be adding
additional teams over the course of the season.
The Versus Systems business model has
historically been focused on its professional services
capabilities, with its deep expertise in bespoke software
development and industry-leading live event production. While
professional services continues to grow with new partnerships, the
company has now expanded its offerings in two ways: software
licensing/subscriptions and advertising revenue sharing.
Software licensing and subscriptions, the
fastest growing part of the company, enables teams, leagues, and
other live event partners to use the Versus interactive and rewards
platform to engage with and reward their audiences, in venue or at
home.
The advertising revenue share allows
brands, agencies, and sponsors to place their products, offers, and
rewards inside Versus-enabled interactive content. Versus shares
the revenues from these sponsorships and rewards with its content
partners, teams, leagues, and others.
“We are excited by the updates to the Versus
Systems business model and our product offerings. We look forward
to bringing new value to our growing list of partners, including
multiple teams in the NHL. Versus excels in delivering an
exceptional fan engagement experience through its professional
services team. Through software licensing and advertising revenue
sharing, we can empower our partners to further enhance their
relationships with their fans,” said Matthew Pierce, Founder and
CEO of Versus Systems.
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.comorpress@versussystems.com
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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