Business
View Systems, Inc. (OTC: VSYM) and Ultimate Sports, Inc. (OTC: USPS) Announce Plans to Issue Shares in USPS to VSYM Shareholders of Record as of June 30, 2022.
View Systems, Inc. (OTC: VSYM) and Ultimate Sports, Inc. (OTC: USPS) Announce Plans to Issue Shares in USPS to VSYM Shareholders of Record as of June 30, 2022..
About this update from Ultimate Sports Inc.
[{"type":"text","content":"\n Ultimate Sports, Inc. plans to acquire Sannabis S.A.S., a licensed medical marijuana Company in Colombia. For every VSYM share held, holder will receive .002 shares of USPS. Baltimore-USA, Barranquilla-Colombia, July 01, 2022 (GLOBE NEWSWIRE) -- View Systems, Inc. (OTC: VSYM), the developer of the award winning ViewScan Concealed Weapons Detection and Asset Control System, with over 500 installations in schools, government buildings, ports, banks, correctional facilities, and military bases around the World, and Ultimate Sports, Inc, (OTC: USPS), a Men’s Health and Wellness Company, announce plans for a distribution of shares in Ultimate Sports, Inc. (USPS) to View Systems (VSYM) shareholders of record as of June 30, 2022. Both Companies have decided that for every one share owned of VSYM on June 30, 2022, holder will receive .002 shares of USPS. Until finalized, mechanics are subject to change, but the spirit of the transaction will remain the same. View Systems’ and Ultimate Sports’ transfer agents will handle the distribution, more details to come once plan has been executed. View Systems, Inc. and Sannabis S.A.S., a licensed medical marijuana company in Colombia, have an effective Memorandum of Understanding in place for VSYM to acquire Sannabis. View Systems has decided that its interest in Sannabis is better placed in USPS, which will issue shares to VSYM shareholders at a ratio of .002 shares of USPS for every one share of VSYM. Final terms of the Sannabis acquisition will be announced later. View Systems, Inc. is currently completing the 10K for 2021 and plans to file the 10K for 2020 as soon as possible. Their PCAOB auditing firm and accountants are finalizing reports. View Systems, Inc. reports an increase in inquiries for their ViewScan Concealed Weapons Detector due to recent school shootings. View Systems has been securing High Schools for over 10 years with over 70 ViewScans installed in Detroit High Schools alone, keeping thousands of students safe every day. For an ABC News Clip of ViewScan detecting a Detroit student with 2 guns visit, https://www.wxyz.com/news/region/detroit/mumford-high-school-student-faces-charges-after-guards-find-gun-in-his-backpack View Systems, Inc. planned to spin out the security business into a wholly owned subsidiary, View Systems International, Inc. (VSII), ...