VSBLTY is looking to get more visibility in the capital markets. The Philadelphia-based company, which specializes in AI-infused visual display technology, has retained CHF Capital Markets, a major Canadian investor relations firm focused on small and mid-cap companies.
VSBLTY has made some headline-grabbing moves in recent months with its smart signage technology, thanks in part to its incorporation of face biometrics. The technology can be used in retail applications to estimate demographic data of shoppers, such as age and race; and can also be used in security-focused smart city deployments, leaning more on its facial recognition capabilities.
In a statement announcing the CHF partnership, VSBLTY CEO Jay Hutton framed it as part of a larger growth strategy for the company. “We believe 2020 will be a game changer for VSBLTY,” he said. “With all the partnerships and agreements that have already been signed and those pending, we need to ensure our story is known among the Canadian investor audience. With decades of experience in the IR and Capital Markets field and with influential connections, CHF will be a valuable strategic partner and advisor in Canada, while we focus on steadily expanding on the progress we have made to date and continue to grow the Company.”
The agreement will see CHF retained at $5,700 per month for a 12-month term, with the possibility of a month-to-month extension. It also gives CHF stock options of up to 125,000 common shares at a price of $0.30 per share for two years.
December 3, 2019 – by Alex Perala