VSBLTY CEO PROVIDES CORPORATE UPDATE; COMPANY EXCEEDS ONE MILLION USD BOOKINGS IN Q1

Philadelphia, PA, March 18, 2020 (GLOBE NEWSWIRE) -- VSBLTY Groupe Technologies Corp. (CSE: VSBY) (Frankfurt: 5VS) (OTC:VSBGF) (“VSBLTY”), a leading retail software technology company, has booked revenue exceeding one million USD in Q1 Co-founder & CEO Jay Hutton announced today as part of his 2020 CEO update.

VSBLTY Channel Partners Driving Adoption “Our key channel and development partners are driving adoption with major retailers, brands and infrastructure,” Hutton stated. “This is why we spent the time and
resources to get these partnerships in place in 2019. We finished strongly last year with the best bookings quarter in the company history. In the first quarter of  2020 the company will exceed bookings of more than one million dollars USD.
 
“In fact,” Hutton said, “Q2 is looking even better than Q1. We have three major healthcare and consumer related retail deployments scheduled to begin in the U.S. and Canada. Smart, custom digital displays with interactive technology are designed to educate consumers with critical, personalized information so that they can better manage their own health and wellness.”

VSBLTY has joined forces with select channel partners to offer turnkey business solutions from concept through display design and engineering, manufacturing, deployment and maintenance. Critical real time measurement provided by VSBLTY’s analytics software DataCaptor married to sales data ensures cost efficiency and maximum return on brands’ and retailers’ capital investments.

Hutton also pointed to new Q2 retail deployments of the next generation of transparent touch glass refrigerated cooler doors. “These are now available at half the price point from two years ago, which we expect will significantly accelerate sales,” he said.

Hutton added, “The Sensormatic partnership is enormously strategic to VSBLTY. The knowledge transfer and channel training are underway now with an early deployment in one of the operating regions in Q1. Sensormatic’s overwhelming positive brand reputation coupled with their worldwide reach will continue to advance the interests of both companies as we accelerate the partnership.”

 Municipal Security System Deployed in First Four Mexico City Counties  
Hutton pointed out that among the company’s 2019 major accomplishments was the launch of a three-year, $10 million partnership with RADAR, which delivers a comprehensive Smart City solution for Mexico City that has already achieved significant reductions in crime rates with just a few thousand cameras deployed. “With this unique security kit deployment perfected, our Mexico City partner is hosting other Central and South American municipalities that wish to learn more about this program to improve citizen safety,” he added. Hutton said his company is projecting the second major Latin American deployment in the second quarter of 2020. Given the unique nature of the offering, this cost-efficient solution may be installed in three million security cameras or more in Latin America alone.