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VTLR FINRA deleted symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
Evergreen buys Virtualarmour
https://www.newswire.com/news/evergreen-services-group-to-enter-mssp-market-with-agreement-to-21426468
Also:
Sale of the Operating Assets of VirtualArmour International Inc. and related subsidiaries to
Evergreen Services Group
Centennial, Colorado (June 24, 2021) VirtualArmour International Inc. (CSE: VAI; OTCQB:VTLR)
(“VirtualArmour”) announces today that it has signed an Asset Purchase Agreement (the “Asset
Purchase Agreement”) for the sale of substantially all the operating assets (including the
company name) and certain operating liabilities to Evergreen Services Group (the “Asset Sale
Transaction”). Evergreen Services Group is a private equity backed holding company of a
consortium of leading managed IT services companies. This Asset Sale Transaction has been
approved by VirtualArmour shareholders holding a majority of the shares of common stock of
VirtualArmour and VirtualArmourBoard of Directors.
The operations of VirtualArmour will continue as part of Evergreen Services Group and
VirtualArmour’s leadership team, including CEO Russ Armbrust, have accepted positions with
Evergreen, effective as of closing.
The sale price is US$12,250,000 subject to adjustment for closing net working capital and less
payment of taxes, debt, transaction expenses and other adjustments. VirtualArmour intends to
distribute the net proceeds to shareholders of VirtualArmour approximately 90-120 days after
closing. The disbursing agent will be Computershare Investor Services Inc.
Currently, VirtualArmour has 106,533,822 shares of common stock issued and outstanding.
Closing of the Asset Sale Transaction is subject to customary closing conditions.
VirtualArmour CEO Russ Armbrust commented “As part of Evergreen, we will continue providing
great service to our customers while we expand our capabilities in furtherance of our mission to
be the industry’s leading provider of managed security services.”
“We are excited to expand our cybersecurity capabilities through the acquisition of the assets of
VirtualArmour”, added Jeff Totten, Evergreen’s CEO.
VirtualArmour International Inc. changed to OLDCO International Inc.
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
We get another multi million volume day tomorrow, could run hard. Momentum at the back of this tiny floater, sky’s the limit. This IS a SOLID company. They should be sitting at a dollar at least, then churn upwards from there. Somethings brewing....
$VTLR $VAI
Website absolutely does work! These guys are making money. I think it’s only a matter of time till she gets some recognition, and with that, price movement in an upward trend. Low float. She moves quick on volume!
Is it over with the company? Website does not work. Does anyone know anything?
I have asked them several times about payables being very high and also accounts receivables being very high............if they would collect what is due them and pay their bills--------their balance sheet would certainly improve.
Nightmare at VTLR.
The biggest POS stock I have ever invested in.
Trades like a POS. Like the roach motel - once in you are there left to die.
Well she rose nice on Friday so maybe that was a precursor of great things to come.......I hope lol
Unsolicited inquiries would seem like someone potentially would like to acquire VTLR. Was just my first thought.
Don't know them but they have a large staff. Hope they can push this baby to much higher levels where it belong
Link to Capstone headwaters team
http://capstoneheadwaters.com/team
Interesting! Incoming inquiries, anybody want to venture to guess what that might be.
https://ir.virtualarmour.com/news-releases/news-release-details/virtualarmour-retains-leading-investment-banking-firm-capstone
I think its all about $$ on hand.Those filings are expensive. I do feel the Shares are undervalued in this .15 x .16 range.
YE financials are out. Ask and you shall receive. Very positive results. Next step is to get to positive net income. It's coming.
CENTENNIAL, Colo., May 01, 2019 (GLOBE NEWSWIRE) -- VirtualArmour International Inc. (CSE:VAI) (OTCQB:VTLR), a premier cybersecuritymanaged services provider,reported results for the fourth quarter and full year ended December 31, 2018. Financial results are in U.S. dollars, withcomparisons made to the same year-ago quarter unless otherwise noted.2018 Financial HighlightsRevenue increased 48.9% to a record $15.6 million, driven by growth in the number of customers served as well as thesize of orders from new and existing customers.Managed and professional services revenue increased 79.4% to $5.0 million, due primarily to the addition of 14 new clientssigned under contracts over the last year.Hardware and software sales revenue increased 37.8% to $10.6 million, driven by additional customers as well asincreased order size from existing customers.Gross profit as a percentage of revenue increased to 25.8% from 20.9% due to a favorable shift in revenue mix to highermargin managed and professional services revenue. Adjusted EBITDA totaled $80,000Annual recurring revenue (ARR) totaled $4.1 million at December 31, 2018, up 41% from $2.9 million at December 31,2017. The company defines the term “annual recurring revenue” or ARR as the value of its service contracts normalized toa one-year period.Total contract value (TCV) was $9.6 million at December 31, 2018, up 73% from $5.5 million at December 31, 2017. TCVis defined as the total value of its service contracts including one time and recurring charges.2018 Operational HighlightsAdded 14 new clients, with 6 of these clients contracted with multi-year contracts within multiple industries, includinghospitality, healthcare, energy and K12 education. Contracted long-term engagements for professional services with four existing customers.Strengthened executive leadership with the appointment of Russ Armbrust as CEO, Andrew Douthwaite as CTO andMichael Panec as CFO.Established VirtualArmour Academy for cybersecurity education and training.Signed partnership agreements with three new technology manufacturing companies.Launched a Channel Partner program to focus on reselling VirtualArmour Managed Security Services.Expanded focus on new continental U.S. territories with the addition of two new sales directors.Expanded our Customer Experience practice with the hiring of two full time Customer Experience ManagersHired eight additional engineers to support growth of managed services and professional services.Created an Inside Sales practice with the hiring of new inside sales representatives to support outside sales
more in the actual release
Isn’t today’s news on 2018 Revenue just a repeat of the news put out on 3/14/2019? The stock price did go up on 3/14/2019. This stock has preformed well in the pass 5 days, but before that not so well over the pass year.
I agree. I see last year they reported on May 2. Seems like a positive story here but no traction.
These guys act like a penny stock. One of the reason they are a penny stock.
April 30 and still no 2018 earnings? How hard could it be to get earnings out within 4 months of the close of a quarter.
Its easy to produce increasing revenues.........but concerning there is not any mention of margins and what to expect in earnings. Q3 had big red flags with increasing accounts receivables and payables. It shows that they are not collecting money due them and also not paying their bills. The increases in both categories was significant.
Very surprised nobody is picking up on this company! Great news and they are performing nicely. They have put together a great team and revenues are accelerating.
VirtualArmour Reports Preliminary Q4-18 Revenue up 136% to Record $4.4 Million, Full Year up 49% to Record $15.6 Million
CENTENNIAL, Colo., March 14, 2019 (GLOBE NEWSWIRE) -- VirtualArmour International Inc. (CSE:VAI) (F:3V3) (OTCQB:VTLR), a premier cybersecurity managed services provider, reported preliminary results for the fourth quarter and full year ended December 31, 2018.
Q4 2018 Q4 2017 %
------- ------- --------
Managed & Professional Services $1.4 $0.9 55%
Product Sales and Support Services $3.0 $1.0 213%
Total Revenue $4.4 $1.9 136%
FY 2018 FY 2017
------- -------
Managed & Professional Services $5.0 $2.8 79%
Product Sales and Support Services $10.6 $7.7 38%
Total Revenue $15.6 $10.5 49%
For the fourth quarter of 2018, VirtualArmour expects record total revenue of $4.4 million, an increase of 136% compared to the fourth quarter of 2017. Managed and professional services revenue are expected to total $1.4 million or 32% of total revenue, up 55% from $0.9 million or 49% of total revenue in the same year-ago quarter.
For the full year 2018, VirtualArmour expects total revenue to increase 49% to $15.6 million. Managed and professional services revenue in 2018 is expected to increase 79% to $5.0 million or 32% of total revenue, as compared to $2.8 million or 27% of total revenue in 2017.
"Our preliminary results indicate strong top-line growth across the board in 2018," said VirtualArmour CEO Russ Armbrust. "Managed and professional services were up 55% for the quarter and up 79% for the year, demonstrating tremendous growth in this higher margin segment of our business that has continued to be our primary focus."
"We achieved these results by signing several new multi-year engagements that generate recurring revenue, as well as by increasing the premium level of services utilized by our existing customers," continued Armbrust. "We also maintained a 100% customer retention rate through the year, which reflects our ongoing commitment to prevention, proactive communication, and investment in the best technology and most talented engineers. Favorable industry dynamics have also supported our growth, with more companies seeking the benefits of our managed cybersecurity services as high-profile data and security breaches continue to be reported in the media.
"As we begin 2019, we anticipate achieving another year of record financial and operational performance, with steady growth in our higher-margin managed services segment. The enhancements we have made to our propriety managed services platform, along with the industry partnerships we have formed over the last year, have significantly increased our value proposition for new and existing customers, with this supporting our positive outlook for the quarters ahead."
These preliminary results are subject to change with the completion of our audited consolidated financial statements for the year ended December 31, 2018. VirtualArmour plans to issue its full annual results and file with SEDAR before the end of April 2019 as required by Canadian reporting companies.
About VirtualArmour
VirtualArmour International is a global cybersecurity and managed services provider that delivers customized solutions to help businesses build, monitor, maintain and secure their networks.
The company maintains 24/7 client monitoring and service management with specialist teams located in its U.S. and UK-based security operation centers. Through partnerships with best-in-class technology providers, VirtualArmour delivers leading hardware and software solutions for customers that are both sophisticated and scalable, and backed by industry-leading customer service and experience. The company's proprietary CloudCastr client portal and prevention platform provides clients with unparalleled access to real-time reporting on threat levels, breach prevention and overall network security.
VirtualArmour services a wide range of clients, which include Fortune 500 companies and several industry sectors in over 30 countries across five continents. For further information, visit www.virtualarmour.com.
Important Cautions Regarding Forward Looking Statements
$VAI.C won't go down - so eventually we go higher!
Solid day on $VAI.C today! #CSE
$VAI.C should break to a 52 week high next week $VTLR
Someone can't take the slow motion!
Enter a small position to try here!
$VAI.C could jump on news. Great team, solid revenue story and scalability
anyone here following this company???????
a bit concerned that it appears they have had 3 cfo's in a very very short time........there must be some back story
VirtualArmour Announces Private Placement Pursuant to Regulation A+
2018-02-02T22:00:02Z Email
VirtualArmour Announces Private Placement Pursuant to Regulation A+
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE
SERVICES
VANCOUVER, British Columbia, Feb. 02, 2018 (GLOBE NEWSWIRE) -- Premier Managed
Services Provider, VirtualArmour International Inc. (the “Company”) (CSE:VAI)
(3V3:F) (OTCQB:VTLR) announced today it will be conducting a private placement
via Offering Circular prepared pursuant to Regulation A+ of the Securities Act
of 1933 for gross proceeds of up to US$3,000,000.
"This offering is key in our continued expansion as we enhance our sales,
innovation and investment relations efforts and ensure that VirtualArmour is
poised for growth in a rapidly expanding industry,” said Christopher Blisard,
Chairman and Co-Founder, VirtualArmour.
About VirtualArmour
VirtualArmour is a global cybersecurity and Managed Services provider that
delivers customized solutions to help businesses build, monitor, maintain and
secure their networks.
The Company maintains 24/7 client monitoring and service management with
specialist teams located in its US and UK-based security operation centers
(“SOC”). Through partnerships with best-in-class technology providers,
VirtualArmour delivers only leading hardware and software solutions for
customers that are both sophisticated and scalable, and backed by
industry-leading customer service and experience. VirtualArmour’s proprietary
CloudCastr client portal and prevention platform provides clients with
unparalleled access to real-time reporting on threat levels, breach prevention
and overall network security.
VirtualArmour services a wide range of clients - which include those listed on
the Fortune 500 - within several industry sectors, in over 30 countries,
across five continents. Further information about the Company is available
under its profile on the SEDAR website, www.sedar.com, on the CSE
website, www.thecse.com, and on its website www.virtualarmour.com.
Company Contact:
Nick Dinsmoor
Vice President Strategy and Marketing
Office: 720-644-0913
nick.dinsmoor@virtualarmour.com
Media Contact
Josh Stanbury
Office: 416-628-7441
josh@sjspr.co.uk
Forward-Looking Information:
This press release may include forward-looking information within the meaning
of Canadian securities legislation. The forward-looking information is based
on certain key expectations and assumptions made by the management of
VirtualArmour. Although VirtualArmour believes that the expectations and
assumptions on which such forward-looking information is based are reasonable,
undue reliance should not be placed on the forward-looking information as
VirtualArmour cannot provide any assurance that it will prove to be correct.
These forward-looking statements are made as of the date of this press release
and VirtualArmour disclaims any intent or obligation to update publicly any
forward-looking information, whether as a result of new information, future
events or results or otherwise, other than as required by applicable
securities laws.
Just realized VTLR is dual exchange traded
Non US Stock Exchange Listing
VAI - Canadian Securities Exchange - Qualified
https://www.bloomberg.com/quote/VAI:CN
VTKR News the other day
VirtualArmour Finalizes USD$1.5M Contract Renewal with Existing Client
BY GlobeNewswire
— 8:30 AM ET 01/25/2018
VANCOUVER, British Columbia, Jan. 25, 2018 (GLOBE NEWSWIRE) -- Premier Managed Services Provider, VirtualArmour International Inc. ( VTLR
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) (the “Company”) (CSE:VAI) (3V3:F) announced today it had finalized a three year contract for the expansion of enterprise infrastructure management with an existing client in the global technology solution provider industry.
This expanded contract has a total value of USD$1.5M over its term and its scope includes the security monitoring, investigation, response and triage for the company’s 80+ locations across nine countries.
“The focus on prevention is growing within our client base and our dedication to delivering a personalized service experience is what has allowed us to continue to grow and to retain our clients in a competitive marketplace,” said Kyle Duffy, VP of Customer Experience at VirtualArmour ( VTLR
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). “Being a trusted partner has become even more critical when the impact of a breach doesn’t just impact operations, but the brand and its balance sheet. We continue to focus on integrating with our clients at the deepest levels and assist them in adopting a true, company-wide security culture.”
Due to the sensitivities inherent within the industry, VirtualArmour’s policy is not to disclose specific client details in press releases.
About VirtualArmour ( VTLR
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VirtualArmour ( VTLR
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) is an global cybersecurity and Managed Services provider that delivers customized solutions to help businesses build, monitor, maintain and secure their networks.
The Company maintains 24/7 client monitoring and service management with specialist teams located in its US- and UK-based security operation centers (“SOC”). Through partnerships with best-in-class technology providers, VirtualArmour ( VTLR
Loading...
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) delivers only leading hardware and software solutions for customers that are both sophisticated and scalable, and backed by industry-leading customer service and experience. VirtualArmour’s proprietary CloudCastr client portal and prevention platform provides clients with unparalleled access to real-time reporting on threat levels, breach prevention and overall network security.
VirtualArmour ( VTLR
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) services a wide range of clients - which include those listed on the Fortune 500 - within several industry sectors, in over 30 countries, across five continents. Further information about the Company is available under its profile on the SEDAR website, www.sedar.com, on the CSE website, www.thecse.com, and on its website www.virtualarmour.com
Company Contact:
Nick Dinsmoor
Vice President Strategy and Marketing
Office: 720-644-0913
nick.dinsmoor@virtualarmour.com
Media Contact
Josh Stanbury
Office: 416-628-7441
josh@sjspr.co.uk
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation. The forward-looking information is based on certain key expectations and assumptions made by the management of VirtualArmour. Although VirtualArmour believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information as VirtualArmour ( VTLR
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) cannot provide any assurance that it will prove to be correct. These forward-looking statements are made as of the date of this press release and VirtualArmour ( VTLR
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) disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
Image: Primary Logo
Source: VirtualArmour International Inc. ( VTLR
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VTLR Website link. Put this on my watchlist.
https://www.virtualarmour.com
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