Victory Square Technologies is incubating the next generation of technology companies

Incubation firm developing tech-focused entrepreneurs Focus on online gaming and sports betting Mission to "live in the future" with its roster of companies What Victory Square Technologies does: Victory Square Technologies Inc (CSE:VST) (OTC:VSQTF) (FRA:6F6) is a technology-focused incubation firm that looks to invest in and develop game-changing entrepreneurs, building toward what it calls the “fourth industrial revolution.” Based in Vancouver, the company provides its investees with access to its education programs, a global network of mentors, distribution partners, creative workspaces, resources and operational support to help them scale internationally. The Victory Square Technologies Portfolio includes: FansUnite, a sports and entertainment company focused on technology related to online sports betting. Its technology includes fixed/parimutuel odds, in-stream betting, live betting, casino-style games, cryptocurrency wallet and news content. GameOn Entertainment Technologies, which delivers sports and entertainment content providers access to what it calls "the world’s simplest and most accessible gamification platform." Whether its clients are TV networks, over-the-top platforms, sportsbooks or leagues, GameOn helps its partners turn their content into interactive and social experiences through mobile and TV apps. ASPEN, a software company that aims to provide end-to-end digital security and privacy to internet users. ASPEN offers a free VPN software solution and is working to develop an enterprise application related to cybersecurity Immersive Tech, which delivers a blend of video game development, theme park engineering and the latest VR/AR/MR technologies to its roster of global clients to help them with brand engagement, revenue generation and corporate training. With clients like Intel, Ardbeg and Scotiabank, it has executed on projects ranging from brick-and-mortar escape rooms to team-building experiences How is it doing:  In March 2021, Victory Square Technologies announced that Immersive Tech is teaming up with celebrity YouTuber Chris Ramsay to create its UNCONTAINED experience, the world’s first pandemic-safe, free-roam AR/VR shipping container location-based entertainment franchise. Ramsay is a renowned magician and celebrity YouTube influencer known for performing his illusion tutorials, public illusion vlogs, and reaction videos to “bad magic” to a fanbase of 6.4 million people. Earlier in the month, Victory Square told investors that it plans to invest up to $5 million to start commercializing ventures incubating in stealth mode. Some of the ventures include electric vehicle solutions, renewable energy (solar), and plant-based comfort foods. Greasing the wheels is a roughly $5.8 million financing conducted by GameOn, including 16.5 million subscription receipts offered at $0.35 each, which the company announced on March 11. In other recent dealings, the company signed and closed an asset purchase agreement to sell certain intellectual property (IP) assets related to a development stage virtual private network (VPN) platform to Cloud Nine Web3 Technologies Inc.  The company said it has received around 4.4 million shares of Cloud Nine at an issue price of $1.36 each, taking the total sale price to $6 million. On the financial front, Victory Square reported record net income of $13,617,124 for the nine-month period ending September 30, 2020, and earnings per share of $0.18.  Inflection points: $5 million targeted at ventures including EVs and renewables Explore new ventures with Immersive Tech Utilize GameOn’s cash infusion What the boss says: In a letter to shareholders in March, Victory Square Technologies CEO Shafin Diamond Tejani said the company continues to “live in the future" after coming off a record year. “As all-consuming as the present moment may seem, our eyes are fixed firmly on what’s next,” he wrote. “Last year brought incredible disruptions in the form of a world-consuming health crisis. Yet these changes are less an anomaly than a sign of things to come.” “[While] the future is uncertain, the challenges ahead are plain to see and, in many respects, timeless: health and safety, the desire to communicate and play, the need to eat and work and thrive,” he added. “VST knows that living in the future means finding creative new ways to solve these timeless needs.” Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com Follow him on Twitter @andrew_kessel