Vsblty Groupe Technologies Corp (VSBGF)

[Northsun0]

Huge Joint Venture Deal with Grupo Modelo - $VSBY


Check out the Stock Day Podcast, where Jay Hutton (the CEO of $VSBY) discusses the huge joint venture with Grupo Modelo and Tech Mahindra agreement. Here’s a quick summary of what he goes over:

- Background of VSBLTY and what they do

- Advantages of having the AI in a retail environment (security, advertising, and optimization)

- JV with Grupo Modelo (runs 9,000 stores with ties to nearly 41,000 in the region). The plan is to deploy the digital network in many of those stores.

- Talked about the Tech Mahindra deal. Jay said, “we’re in a multi-year relationship where they basically eliminate the risk that we're able to get to the objective of this network, which in four years is 55,000 locations.”

- Finally, the revenue: 2021 bookings estimated to be around $15M-$20M with recognized revenue reaching $5M-$7M but 2022 booking estimates are set to reach $40M with recognized revenues of $25-$35M

Listen to the podcast here: https://www.newsfilecorp.com/redirect/Ery18u0kQP

The joint venture agreement with Grupo Modelo shows that the company has an industry-leading product in a relatively young sector. I expect this to be only the beginning as they continue to talk to new companies and grow the business. With a current market cap of $80M, I’m holding my shares as the company continues to execute their plans flawlessly.

Read more about the JV with Modelo: https://www.globenewswire.com/news-release/2021/07/09/2260717/0/en/VSBLTY-GRUPO-MODELO-RETAILIGENT-CREATE-JOINT-VENTURE-FOR-INTERNATIONAL-DIGITAL-IN-STORE-MEDIA-NETWORK.html