Versus Systems Provides Update on First Quarter 2022 Operational Developments and Strategic Growth Roadmap
May 16 2022 - 4:15PM
Versus Systems Inc. (“Versus” or the “Company”) (Nasdaq: VS) will
host an investor webinar today, Monday, May 16, 2022, to provide an
update on the Company and recent operational highlights. The
webinar will begin at 5:00 p.m. ET (2:00 p.m. PT). Investors will
be able to access the webinar here or in the investor relations
section of the Company’s website at ir.versussystems.com.
Highlights and Recent Operational
Developments
- Entered into a strategic partnership with experiential
marketing agency Red Moon Marketing to support new client
activations built around the XEO platform
- Collaborated with branded entertainment agency ENT Marketing
for the first use of the XEO platform in a quick-service restaurant
(QSR) activation; the Company intends to continue its successful
partnership with ENT and bring the XEO platform to other ENT
clients
- Partnered with Tokyo-based marketing agency Diplomat Sports
& Entertainment Inc. to bring the XEO platform to Japanese
Baseball for 2022 season
- Powered fan engagement at San Antonio Stock Show and Rodeo for
fourth consecutive Year
- Announced the closing of a $7.0 million public offering, which
included a strategic investment from global digital entertainment
leader Animoca Brands
Management Commentary“Versus Systems made solid
progress in the first quarter towards meeting its strategic
objectives. Our goals remain to increase the number of partners
that we are working with, to drive up the average contract value,
to add more advertising relationships, and to move into new
verticals in addition to the in-venue sports success that
represents the lion’s share of our work today. The growing number
of sports partners and advertisers is something we’re very proud
of, and we’re looking to build upon that success in Q2 and beyond,
expanding the adoption of our powerful XEO platform to new partners
and new verticals,” said Matthew Pierce, CEO of Versus
Systems.
“Entering into strategic partnerships with experiential
marketing agencies Red Moon Marketing and ENT Marketing enables us
to expand the use of XEO in innovative, engaging ways. Our
first activation with a quick-service restaurant, in collaboration
with ENT, was a huge success, and we anticipate bringing XEO to the
consumer-packaged goods, retailers, and spirits verticals in the
next year through our partnership with Red Moon. We also
continue to support activations for our strong base of sports
partners, most recently working with teams in the MLB, NHL, and
Japanese Baseball. Increased audience engagement, powered by our
leading XEO platform, benefits brands, creators, and consumers.
Versus is a world leader in audience engagement, and we are excited
to continue to bring the Versus experience to audiences and fans
across the world, as they play to win both digital and real-world
prizes alongside their favorite content.”
Investor WebinarThe Company will hold a webinar
for investors today, Monday, May
16th at 5:00 p.m. Eastern
time to provide a business update and discuss its
strategic growth roadmap.
Date: Monday, May 16, 2022 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. If you have any difficulty connecting with
the webinar, please contact Gateway at (949) 574-3860.
About Versus SystemsVersus Systems Inc. is an
engagement and rewards company that makes live events, games,
shows, and apps more fun to watch and play. Versus adds interactive
games, polling, trivia, predictive elements, and other win
conditions to existing entertainment - whether in-venue or online -
making the content more contextual, personal, and rewarding. Versus
works with world class sports teams, leagues, venues, entertainment
companies, and other content creators to make engaging, rewarding
experiences for fans all over the world. For more information,
please visit www.versussystems.com or visit the
official Versus Systems YouTube channel.
Investor Contact:Cody Slach and Sophie
PearsonGateway
949-574-3860IR@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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