Victory Square Technologies Inc. has provided a corporate update as of August 17, 2021, showing continued growth.
“2021 has been a year of continued growth and new opportunities for Victory Square,” said Shafin Diamond Tejani, Victory Square’s CEO in the statement.
“We’ve seen the significant growth of FansUnite, the public listing of GameOn Technologies and now the upcoming listing of Immersive Technologies later this month. Our balance sheet has never been stronger and our team is laser-focused on unlocking value from the existing portfolio, and building a pipeline of new opportunities thru strategic investment and acquisitions.”
READ: Victory Square Technologies declares special dividend of common shares in soon-to-float portfolio company Immersive Tech
The Victory Square CEO added: “We are living in the midst of the 4th Industrial Revolution; The Tech Revolution that will undoubtedly change everything as we know it. Digital health, AR/VR, Cybersecurity, Gaming, Sports, Entertainment, and Web 3.0 are sectors that Victory Square has invested in. We offer investors the chance to invest in the most exciting tech trends all in one place.”
The Tech incubator highlighted:
- A diverse portfolio of over 20+ companies from around the world in key sectors: Digital Health, Gaming, Esports, Crypto, AR/VR, the Creator Economy, Cybersecurity and Green Tech
- High-quality deal flow is generated via established relationships with over 80 incubators around the world
- Healthy balance sheet – 5 consecutive quarters of positive net income and earnings per share
- Record Net Income of $16,313,216 and positive earnings per share of $0.30 in Fiscal 2020
- Issued a Special Common Share Dividend of its portfolio company GameOn Entertainment Technologies Inc. (CSE:GET) earlier in the year
- Declared a Special Common Share Dividend of its portfolio company Fantasy 360 Technologies Inc. (dba Immersive Tech)
Looking ahead, the company said its primary goals for the next 90-120 days are:
- Issue The First Tranche Of a Special Common Share Dividend of its Interest in Portfolio Company Fantasy 360 Technologies Inc. dba Immersive Tech
- Fantasy 360 Technologies Inc. dba Immersive Tech to Start Trading On The CSE Under Symbol (CSE:VRAR)
- Prepare Stardust Solar for a public listing
- Issue The Second Tranche Of a Special Common Share Dividend of its Interest in Portfolio Company Fantasy 360 Technologies Inc. dba Immersive Tech before the end of the current calendar year.
- Expand Hydreight’s strategic Sales and Marketing Agreement with Medline Industries Inc. to provide Hydreight’s full-suite of mobile digital health solutions and telemedicine platform to Medline’s Clients (surgery centres, skilled nursing facilities, home care agencies, nursing homes, hospice care, hospital laundries)
- Work with Creator.co to grow their existing platform, and to complete the development of an add-on feature that will allow creators to launch their own digital currency powered by the blockchain.
- Successfully invest in additional ventures working on the following: EV Solutions, Renewable Energy, Digital Assets Management, FinTech (Rent now, Pay later), Employee Health & Wellness, and The Creator Economy
- Completing the new digital health technology that allows for white labeling for enterprise brands and customers
- Completing The “Friendly PC” model certifications in the United States.
- Achieve organic growth for the existing portfolio companies; and
- Invest in the team and infrastructure to support further investments and scaling.
Victory Square Technologies builds, acquires and invests in promising startups, then provides the senior leadership and resources needed for fast-track growth.
Contact the author at [email protected]estors.com
Story by ProactiveInvestors
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