Victory Square Technologies Inc. (OTC: VSQTF) (CSE: VST) is pleased to update investors on the strong performances by three of its portfolio companies.
Bluzelle Investment (511% INCREASE)
In December 2017, Victory Square purchased $250,000 Canadian worth of Bluzelle tokens (BLZ), with an additional 25% incentive bonus tokens received for being an early contributor. The Company’s average token price is $0.09 cents. As of April 22, 2018, BLZ trades for $0.55/token, representing a 511% increase over the average cost base.
Bluzelle is a decentralized database service where users are able to rent out their computer storage space and be compensated with a cryptocurrency token. Decentralized app developers then use these tokens to have their decentralized app’s data stored and managed. Decentralized database services have the potential to provide more scalable, secure and affordable storage solutions than current centralized alternatives.
VS Blockchain Assembly Inc. Financing ($12M GAIN)
The Company is excited to announce that VS Blockchain Assembly Inc. (“Blockchain Assembly”) recently completed a financing at $0.75 a share, valuing the company at approximately $33.2 million Canadian. Victory Square maintains an approximate 36.17% equity stake in Blockchain Assembly, which plans to list on the Canadian Securities Exchange later this year.
Incubated by Victory Square in 2017, Blockchain Assembly focuses on designing and deploying innovative token-based capital solutions for technology firms, while helping those businesses raise capital through comprehensive tokenization strategies that include delivering Token sales to the global capital markets.
FansUnite Media Inc. Acquisition (400% GAIN)
Victory Square acquired FansUnite Media Inc. (“FansUnite”) in September 2016 for $2 million Canadian in exchange for common shares in Victory Square. Victory Square is pleased to announce that FansUnite is currently raising a private placement round of $4 million Canadian (at a pre-money valuation of $13 million Canadian) towards their go-public strategy in Q4 2018. FansUnite is also planning to launch their regulatory-compliant token sale this summer to raise an additional $10 million Canadian of non-dilutive funding for the company.
FansUnite is using blockchain to disrupt the sports betting and sports data industries. The flagship FansUnite asset will be the first sports betting blockchain protocol, allowing any company to build their tokenized platform on top of the FansUnite infrastructure. The first application built atop this protocol will be the FansUnite Sportsbook, the first decentralized social sports betting platform in the world.
Overview
We have seen a number of other exceptional performances by Victory Square portfolio companies, including those by V2 Games Inc., Fantasy 360 Technologies Inc. doing business as Immersive Tech, Limitless Blockchain Technology, LLC, Cassia Research Inc., PayVida Solutions Inc., Flo Digital Inc., Howyl Ventures Inc., and Multiplied Networks Inc. Some of these investments have returned well in excess of 100% and have promising funding strategies that will be executed in 2018.
“We are delighted to report that we have seen extremely rapid growth amongst our portfolio companies as each one of them has achieved key milestones in the past few months,” commented Shafin Diamond Tejani, CEO of Victory Square. “The coming year is shaping up to be an exciting one, not only for our partner companies, but also for the overall development of the technology sector in Canada. As a result, our acquisition strategy and focus remains on finding quality companies in emerging technology verticals that have identified a sector niche and are in need of capital and expertise to scale out their operations.”
Sponsored Content Release. Click for Full Disclosure
X
Disclaimer
Sponsored Content Release
FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.
Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the ‘Site’) is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For victory square technologies inc. financial news dissemination and PR services, FinancialBuzz.com expects to be compensated five thousand dollars by the company. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.financialbuzz.com .
