Business
Versus Systems Provides Update on First Quarter 2022 Operational Developments and Strategic Growth Roadmap
LOS ANGELES, May 16, 2022 (GLOBE NEWSWIRE) -- Versus Systems Inc. (“Versus” or the “Company”) (Nasdaq: VS) will host an investor webinar today, Monday, May
About this update from Versus Systems Inc.
[{"type":"text","content":"LOS ANGELES, May 16, 2022 (GLOBE NEWSWIRE) -- 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 platformCollaborated 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 clientsPartnered with Tokyo-based marketing agency Diplomat Sports & Entertainment Inc. to bring the XEO platform to Japanese Baseball for 2022 seasonPowered fan engagement at San Antonio Stock Show and Rodeo for fourth consecutive YearAnnounced 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 partners...