Visionstate's WANDA Enhances Facility Management in Banff, Alberta

Banff, Alberta – March 4, 2025 – TheNewswire - Visionstate Corp. (TSXV: VIS) is proud to announce the installation of its WANDA technology in the Town of Banff, one of the world’s most scenic and visited tourist destinations. This deployment underscores Banff’s commitment to proactive facility cleanliness and public engagement while aligning with a growing industry trend toward digital cleaning management.

With millions of visitors each year, Banff’s public spaces require efficient and responsive facility management. WANDA provides real-time monitoring of cleaning activities, automated alerts for service needs, and visitor counting sensors to enhance operational efficiency.

The system also empowers the public to easily report issues by scanning a QR code, ensuring that facility managers receive instant feedback and can take immediate action.

"Banff’s adoption of WANDA reflects a broader shift in the industry towards digitized cleaning management," said Shannon Moore, President of Visionstate IoT Inc. "Providing real-time tracking, public interaction, and operational insights is key to maintaining high facility standards, especially in high-traffic environments."

The move aligns with recent legislative changes in Canada, such as Ontario’s new laws requiring digital tracking of cleaning activities to enhance worker safety. As municipalities, educational institutions, and healthcare facilities embrace digital solutions, WANDA continues to lead the way in modernizing facility management and ensuring compliance with evolving standards.

For more information on WANDA or to schedule a demo, visit www.visionstate.com.

About Visionstate Corp.

Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Visionstate IoT Inc. is a wholly-owned subsidiary of Visionstate Corp. Through Visionstate IoT Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres, and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact, and transform consumer experiences.

Issued on behalf of the Board of Directors,

“John A. Putters”

Visionstate Corp.    

To learn more, please contact:

Visionstate Corp.

John Putters, CEO

Email: jputters@visionstate.com

Tel: 780-425-9460

Twitter: @visionstate

Facebook: @visionstate

LinkedIn: Visionstate Corp.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

Visionstate Announces $450,000 Financing

Edmonton, Alberta – TheNewswire - March 3, 2025 – Visionstate Corp. (TSXV: VIS) ("Visionstate" or the "Company"), a leading provider of Internet of Things (IoT) solutions for facility management, today announced a non-brokered private placement of up to $450,000. The financing will consist of one full unit at $0.025 (two and a half cents) per share, along with a full warrant exercisable at $0.05 (five cents) per share for a term of 36 months upon closing, subject to an acceleration clause.

The price per share is based on the previous closing price of the Company's common shares. The Company intends to issue up to 18 million shares for this financing round. The financing is subject to regulatory approval and customary closing conditions.

Each Unit is comprised of one (1) common share of Visionstate ("Common Share") and one (1) Common Share purchase warrant ("Warrant"), whereby each Warrant entitles the holder to purchase one (1) additional Common Share at a price of $0.05 per Common Share for a period of five (5) years following the date of closing, subject to an acceleration clause.

If the closing price of the Common Shares is equal to or exceeds $0.07 per Common Share for greater than twenty (20) consecutive trading days, then the warrant term shall automatically accelerate to a date that is thirty (30) calendar days following the date a press release is issued by the Company announcing the reduced warrant terms, without further notification made by the Company.

In the event of acceleration, the expiry date will be adjusted to thirty (30) days after the date that written notice has been given to the warrant holder or the date Visionstate has issued a press release announcing the exercise of the acceleration right. Thereafter, no further notification will be provided by Visionstate to the subscribers. The securities issued under the Placement are subject to a four-month plus one day hold period from the date of closing.

“As Visionstate continues to advance its technology solutions, this financing will provide essential capital to support our growth initiatives,” said Company CEO John Putters. “We remain committed to financial prudence while enhancing our IoT offerings and expanding our market reach.”

Proceeds from the placement will be allocated towards Visionstate's expansion into the US market for its WANDA solution, where the company recently established an office location in Seattle, Washington. Proceeds will be directed toward increased sales support in that market, and targeted digital advertising efforts. Additionally, funds will be directed toward investment into the Company's AI model for facility management scheduling and shoring up investments to provide diversification of the Company's revenue streams. Visionstate Corp. remains dedicated to delivering innovative technology solutions that drive operational efficiencies and improve customer experiences across various industries.

The issuance of Units to insiders pursuant to the Placement will constitute a “related party transaction” as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions (“MI 61-101”).  The Placement will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.  In particular, Visionstate has determined that the exemptions set out in paragraphs (a) and (b) in section 5.5 of MI 61-101 are applicable since the aggregate consideration to be paid by the related parties will not exceed 25% of the market capitalization of Visionstate and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange.  In addition, regarding the minority shareholder approval exemptions, the independent directors have determined that the exemptions set out in paragraphs (1)(a) and (b) in section 5.7 of MI 61-101 are applicable in that the aggregate consideration to be paid by the related parties will not exceed 25% of the market capitalization of Visionstate, the distribution of the securities to the related parties will have a fair market value of not more than $2,500,000 and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange.

About Visionstate Corp.

Visionstate Corp. (TSXV: VIS) is a growth-oriented company investing in the research and development of promising new technology in the realms of the Internet of Things, big data and analytics, and sustainability. Visionstate IoT Inc., a wholly owned subsidiary of Visionstate Corp., helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA smart device extends to hospitals, airports, shopping centres, and other public facilities across North America and beyond. Through a collection of synergistic technologies, Visionstate Corp. continues to innovate, reduce environmental impact, and transform consumer experiences.

For Further Information, please contact:
John Putters, CEO
Email: jputters@visionstate.com
Tel: 780-425-9460

Social Media:
Twitter: @visionstate
Facebook: @visionstate
LinkedIn: Visionstate Corp.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint ventures, and strategic alliances, budgets, costs, and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans," "expects," "is expected," "scheduled," "estimates," "forecasts," "intends," "targets," "aims," "anticipates," or "believes" or variations (including negative variations) of such words and phrases, or may be identified by statements to the effect that certain actions "may," "could," "should," "would," "might," or "will" be taken, occur, or be achieved. A number of known and unknown risks, uncertainties, and other factors may cause actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to, the impact of general economic conditions, industry conditions, and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

About Visionstate Corp.

Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Visionstate IoT Inc. is a wholly owned division of Visionstate Corp. Through Visionstate IoT Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres, and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences.

Issued on behalf of the Board of Directors,

“John A. Putters”

Visionstate Corp.    

To learn more, please contact:

Visionstate IoT Inc.

John Putters, CEO

Email: jputters@visionstate.com

Tel: 780-425-9460

CHF Capital Markets

Kathy Chapman

Email: kc@chfir.com

Tel: 416-868-1079 x 234

Twitter: @visionstate

Facebook: @visionstate

LinkedIn: Visionstate Corp.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

Visionstate Corp. Expands U.S. Presence with New Seattle Office, Provides Update on U.S. Listing

February 24, 2025 – TheNewswire - Visionstate Corp. (TSXV: VIS) - Visionstate Corp. (TSXV: VIS) is pleased to announce the opening of a new office in Seattle, Washington, marking a significant step in the company's expansion into the U.S. market. This new location will serve as a strategic hub to grow the adoption of Visionstate’s WANDA technology, a data-driven facility management solution that enhances operational efficiency and hygiene compliance.

Seattle, a renowned tech hub, offers a thriving ecosystem of innovation, making it an ideal location for Visionstate’s expansion. Its proximity to Edmonton also provides logistical advantages, allowing for seamless coordination between the company’s headquarters and U.S. operations. By establishing a physical presence in the U.S., Visionstate is reinforcing its commitment to scaling its operations and securing new business opportunities in a key market.

“The U.S. represents a major growth opportunity for Visionstate, and having a dedicated office in Seattle strengthens our ability to engage with customers and partners directly,” said Shannon Moore, President of Visionstate. “Establishing a local presence is a crucial step in expanding the reach of WANDA and ensuring that we can meet the evolving needs of our clients in this market.”

Additionally, Visionstate is providing an update on its U.S. listing efforts. The company remains fully prepared to proceed with the listing but has been closely monitoring market developments to determine the optimal timing for its launch. Management is committed to ensuring that the listing aligns with the best possible market conditions to maximize shareholder value and long-term growth prospects.

“With our expansion into the U.S., we are positioning Visionstate for long-term success and are strategically assessing the right time to move forward with our listing,” added Moore.

Visionstate’s continued focus on innovation and market expansion underscores its commitment to driving the future of smart facility management solutions. The Seattle office represents a key milestone in this journey, enabling the company to further accelerate growth and capitalize on new opportunities in the U.S. market.

About Visionstate Corp.

Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Visionstate IoT Inc. is a wholly-owned subsidiary of Visionstate Corp. Through Visionstate IoT Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres, and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact, and transform consumer experiences.

Issued on behalf of the Board of Directors,

“John A. Putters”

Visionstate Corp.    

To learn more, please contact:

Visionstate Corp.

John Putters, CEO

Email: jputters@visionstate.com

Tel: 780-425-9460

Twitter: @visionstate

Facebook: @visionstate

LinkedIn: Visionstate Corp.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

Legislative Changes Driving Digital Cleaning Management Adoption: How Visionstate's Wanda Solution Leads the Way

Visionstate Corp. (TSXV: VIS)  February 14, 2025 – TheNewswire - Visionstate Corp. (TSXV: VIS). The facility management industry is undergoing a significant transformation, driven by advancements in Digital Cleaning Management Software (DCMS). Provinces like Ontario are at the forefront of this change, introducing new legislation that requires cleaning confirmations to enhance worker safety. This shift underscores the critical role of technology in ensuring compliance, efficiency, and accountability in facility maintenance.

The Growing Need for Digital Cleaning Management

With heightened regulatory requirements and an increasing focus on workplace safety, organizations must adopt innovative solutions to keep pace with industry demands. Digital Cleaning Management Software, such as Visionstate’s WANDA, empowers facility managers to streamline cleaning operations, track service completion in real time, and provide verifiable proof of compliance with new health and safety standards.

"The pipeline for sales has grown significantly as more industries recognize the need for digital cleaning management solutions," said Shannon Moore, President of Visionstate IoT Inc. "WANDA was considerably ahead of its time, but we are now seeing the transformation happen as more organizations embrace the technology to improve efficiency and compliance."

Case Study: WANDA at Queen’s University

Queen’s University implemented WANDA to address the challenges of maintaining and documenting cleanliness in its residence facilities. By leveraging WANDA, the university was able to enhance service responsiveness, optimize cleaning schedules, and ensure that cleaning staff adhered to regulatory requirements—all while improving overall efficiency.

Key Benefits of WANDA

1. Service Alerts for Immediate Action

Facility visitors can scan QR codes to report cleaning needs, such as low supplies or spills, which are instantly relayed to the facility manager. This real-time alert system enables prompt corrective action, improving the overall cleanliness and safety of the facility.

2. Digital Scheduling for Operational Efficiency

Traditional cleaning programs often rely on manual tracking, leading to inefficiencies and gaps in accountability. With WANDA, cleaning teams follow a centralized digital schedule, marking tasks as complete in real time. Facility managers gain instant oversight, ensuring all required tasks are performed and documented.

Broad Adoption Across Key Sectors

Visionstate is seeing significant growth in the adoption of WANDA across multiple industries, including education, municipalities, and healthcare. As organizations recognize the benefits of digitized cleaning management, WANDA is becoming an essential tool for ensuring compliance, operational efficiency, and improved facility hygiene.

Adapting to a New Industry Standard

As legislative changes continue to shape the industry, implementing a robust DCMS solution like WANDA is becoming not just an advantage but a necessity. Visionstate is committed to supporting facilities through this transition, providing a comprehensive and customizable solution to meet evolving regulatory and operational needs.

For more information on WANDA or to schedule a demo, contact Visionstate today at www.visionstate.com.

About Visionstate Corp.

Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Visionstate IoT Inc. is a wholly-owned subsidiary of Visionstate Corp. Through Visionstate IoT Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres, and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact, and transform consumer experiences.

Issued on behalf of the Board of Directors,

“John A. Putters”

Visionstate Corp.    

To learn more, please contact:

Visionstate Corp.

John Putters, CEO

Email: jputters@visionstate.com

Tel: 780-425-9460

Twitter: @visionstate

Facebook: @visionstate

LinkedIn: Visionstate Corp.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

Visionstate's WANDA System Gains Momentum in Municipal Adoption, Enhancing Public Engagement and Cleaning Efficiency

Edmonton, Alberta – TheNewswire - January 27, 2025 – Visionstate Corp. (TSXV: VIS) (“Visionstate” or the “Company”), a facility management technology company with IoT and AI solutions, Visionstate Corp. (TSXV: VIS) is proud to announce the growing adoption of its innovative WANDA system by municipalities across Canada, including one of the country’s premier tourist destinations. WANDA, a cutting-edge facility management tool, combines advanced task verification, data tracking, and public alert systems to help municipalities improve service delivery and build a better image for their communities.

The most recent deployment will include 10 Time of Flight, battery powered people counters to collect traffic data and set alerts on predefined volumes, including the high traffic public restrooms. WANDA QR codes will also be deployed throughout the municipality, including the recreation centre and high profile tourist information areas.

The WANDA system’s public alert feature empowers residents and visitors alike to report issues by scanning strategically placed QR codes in high-traffic areas. This feedback provides municipalities with actionable insights, such as identifying problem areas and adjusting cleaning and maintenance schedules to better align with demand. Combined with WANDA’s cleaning verification technology, facility managers gain access to real-time data on cleaning activities, enabling more efficient resource allocation and higher service standards.

Shannon Moore, President of Visionstate Corp., highlights the importance of the WANDA system in supporting municipalities’ goals for operational excellence and public engagement: “Adopting WANDA demonstrates a municipality’s commitment to improving public spaces and delivering exceptional service. The decision to integrate WANDA underscores the value of our system in building a clean, safe, and welcoming environment. We’re thrilled to see municipalities using WANDA to enhance their facilities and strengthen their connection with the community.”

Visionstate’s recent deployment of WANDA reflects a growing trend of municipalities leveraging technology to enhance visitor experiences and uphold world-class standards in public facility management. By combining public feedback and cleaning data, the WANDA system helps municipalities streamline operations, reduce costs, and improve the overall perception of their facilities.

Visionstate is seeing a growing pipeline of business opportunities with large, recognizable leaders in their sectors who want to leverage WANDA’s tracking and reporting capabilities to improve efficiencies and increase positive public perception. The pipeline spans multiple industries including education, municipalities, manufacturers, building service contractors and other large public facilities.

For more information about Visionstate Corp. and its innovative WANDA technology, please visit www.visionstate.com.

About Visionstate Corp.

Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Visionstate IoT Inc. is a wholly-owned subsidiary of Visionstate Corp. Through Visionstate IoT Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres, and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact, and transform consumer experiences.

Issued on behalf of the Board of Directors,

“John A. Putters”

Visionstate Corp.    

To learn more, please contact:

Visionstate Corp.

John Putters, CEO

Email: jputters@visionstate.com

Tel: 780-425-9460

Twitter: @visionstate

Facebook: @visionstate

LinkedIn: Visionstate Corp.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

Visionstate Corp. Announces New Deals in Canada and the US, Highlights Growing Opportunities in Education Sector

Edmonton, Alberta, January 7, 2025 – TheNewswire - Visionstate Corp. (TSXV: VIS) (“Visionstate” or the “Company”), a facility management technology company with IoT and AI solutions, is pleased to announce three significant new agreements for its innovative WANDA technology, marking continued growth in both Canadian and US markets. These deals include three partnerships in Canada—two with prominent building service contractors and one with a childcare facility located on a First Nations community—and one in the United States with a private school in Virginia.

The partnerships with the Canadian building service contractors are particularly notable, as these companies typically manage an extensive portfolio of clients, effectively acting as resellers of the WANDA solution. These agreements represent a significant opportunity to scale WANDA's reach across a broad network of facilities.

The agreement with the First Nations childcare facility highlights WANDA's versatility and its ability to support essential community services by improving cleaning standards and operational efficiency.

In the United States, Visionstate's deal with a Virginia-based private school underscores the increasing relevance of WANDA technology in the education sector. The school plans to use WANDA to streamline the monitoring of setup and cleaning processes for special events, with significant potential for expansion throughout its school division.

In November, Visionstate participated in the annual ISSA Show in Las Vegas, where the company conducted approximately 40 demonstrations of the WANDA software over three days. These demos have generated multiple promising opportunities, and Visionstate is actively following up on these leads. In particular, the company sees significant potential in applying WANDA's capabilities to equipment monitoring—tracking performance and maintenance in much the same way it currently monitors cleaning tasks.

As disease outbreaks become more prevalent, Visionstate is also witnessing increased interest from educational institutions in adopting proactive monitoring solutions like WANDA to maintain safer and cleaner environments.

“We are incredibly excited about the momentum we are building as we head into 2025,” said Shannon Moore, President of Visionstate. “These new deals in Canada and the US, combined with the interest generated at the ISSA Show, set the stage for significant growth. We are confident that WANDA's versatility—whether in cleaning, event management, or equipment monitoring—will continue to drive adoption across multiple sectors.”

Visionstate remains focused on expanding its market presence and developing strategic partnerships to maximize the potential of WANDA technology across industries.

For more information, please visit: www.visionstate.com

About Visionstate Corp.

Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Visionstate IoT Inc. is a wholly-owned subsidiary of Visionstate Corp. Through Visionstate IoT Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres, and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact, and transform consumer experiences.

Issued on behalf of the Board of Directors,

“John A. Putters”

Visionstate Corp.    

To learn more, please contact:

Visionstate Corp.

John Putters, CEO

Email: jputters@visionstate.com

Tel: 780-425-9460

Twitter: @visionstate

Facebook: @visionstate

LinkedIn: Visionstate Corp.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

Visionstate Showcases Wanda at ISSA Show North America in Las Vegas This Week

Edmonton, Alberta – TheNewswire - November 18, 2024 – Visionstate Corp. (TSXV: VIS) is excited to announce its presence at the ISSA Show North America, taking place this week from November 19 to 21 at the Mandalay Bay Convention Center in Las Vegas. Attendees can visit Visionstate at Booth 559 to explore its innovative Wanda platform and learn more about its cutting-edge solutions for the cleaning and facility management industry.

The ISSA Show North America is the premier event for the global cleaning and facility services industry, renowned for fostering education, innovation, and collaboration. Visionstate is proud to join industry leaders in showcasing advancements that are driving the industry forward.

At the event, Visionstate is demonstrating the full capabilities of Wanda, its flagship platform that tracks cleaning and maintenance tasks to improve safety and operational efficiency in public spaces. The company is also offering live demonstrations of Wanda’s integration with IoT hardware, including people counters, environmental sensors, and supply monitoring devices.

Visionstate is further highlighting exciting new features for Wanda, set to launch in Q1 2025, including:

• Equipment Monitoring and Tracking: Real-time insights into equipment performance and maintenance. 

• Enhanced Auditing and Inspections: Tools for improved compliance and operational reporting. 

The company has already scheduled sales meetings during the show and welcomes all attendees to its booth to explore potential partnerships. Visionstate is particularly focused on expanding its distribution network in the US market to bring Wanda’s capabilities to a broader audience.

"We're thrilled to be part of the ISSA Show this week," said Shannon Moore, President of Visionstate IoT Inc. "This event is the perfect platform to connect with industry leaders, showcase Wanda's transformative capabilities, and demonstrate the IoT hardware that enhances its functionality."

Visionstate invites all ISSA attendees to stop by Booth 559 for hands-on demonstrations and to discuss opportunities to collaborate.

For more information about Visionstate and the Wanda platform, visit www.visionstate.com.

About Visionstate Corp.

Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Visionstate IoT Inc. is a wholly-owned subsidiary of Visionstate Corp. Through Visionstate IoT Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres, and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact, and transform consumer experiences.

Issued on behalf of the Board of Directors,

“John A. Putters”

Visionstate Corp.    

To learn more, please contact:

Visionstate IoT Inc.  

Shannon Moore, President

Email: shannon@visionstate.com

Tel: 780-425-9460

Twitter: @visionstate

Facebook: @visionstate

LinkedIn: Visionstate Corp.

Instagram: corpvisionstate

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

Enoch Cree Nation and Sol Spaces Inc. Forge Transformative Partnership to Cultivate Sustainable Food Security

EDMONTON, Alberta, October 10, 2024 — TheNewswire – Visionstate Corp. Is pleased to announce its portfolio company, Sol Spaces Inc., an innovator in sustainable greenhouse technology, has entered into a partnership with Enoch Cree Nation, a resilient First Nations community located in Treaty No. 6 territory. Together, they are embarking on a transformative mission that goes beyond business—a shared vision to ensure access to a vital resource: food.

At the core of this partnership is the development of a cutting-edge, 1,200-square-foot greenhouse that will utilize advanced technology and eco-friendly design. This initiative aims to foster food sovereignty while promoting sustainability and innovation within the community.

The greenhouse, constructed using Structured Insulated Panels (SIPs), offers both energy efficiency and superior insulation, ensuring the internal environment remains stable year-round. SIPs not only reduce energy consumption but also significantly lower the carbon footprint of the greenhouse. By using these materials, Sol Spaces is setting a new standard in environmentally conscious design.

In addition to SIPs, the greenhouse will be equipped with smart sensors integrated into the Internet of Things (IoT) ecosystem. These sensors will continuously monitor essential environmental conditions such as temperature and humidity, transmitting real-time data to optimize crop production. Heat pumps will ensure consistent temperatures during extreme weather, enhancing the greenhouse's ability to produce year-round.

Enoch Cree Nation, known as Maskêkosihk in Cree, is a community with deep cultural roots and a strong connection to the land. With over 2,566 band members, they are dedicated to preserving their traditions while fostering resilience and community well-being.

“Access to affordable, healthy food is a challenge we all face,” said Elliott Putters, President of Sol Spaces Inc. “This partnership isn’t just about building greenhouses—it’s about empowering communities and building resilience for future generations.”

Construction on the greenhouse began in spring 2024, with operations expected to be fully underway by Fall. This initiative represents a commitment to creating lasting change—together, Sol Spaces and Enoch Cree Nation are sowing the seeds of hope for a future where food security is within reach for all.

About Enoch Cree Nation

Enoch Cree Nation, known as Maskêkosihk in Cree, is a resilient First Nations community located in Treaty No. 6 territory, just west of and adjacent to the City of Edmonton, Alberta, Canada. Our ancestral connection to the land runs deep, and we strive to be stewards of Okimaw askiy (Mother Earth). We actively seek to preserve and promote our culture, language, history, and spirituality while advancing our economic, education, health, and social well-being.

About Sol Spaces

At Sol Spaces, we are on a mission to redefine the way society views modern living and growing spaces. Our focus is on sustainability, self-sufficiency, and harnessing the natural energy of our environment.

Join us in this transformative journey toward a greener, more resilient future. Welcome to Sol Spaces, where innovative living meets environmental consciousness.

About Visionstate Corp.

Visionstate Corp. (TSX-V: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things (IoT), big data, and analytics, and sustainability. Through its portfolio companies, Visionstate is committed to the development and commercialization of innovative solutions that enhance operational efficiency, sustainability, and customer experience across multiple sectors.

Issued on behalf of the Board of Directors,

“John A. Putters”

Visionstate Corp.    

To learn more, please contact:

Visionstate IoT Inc.

Shannon Moore, President

Email: shannon@visionstate.com

Tel: 780-425-9460

Visionstate Ramps Up Expansion Plans

Edmonton, Alberta – October 9, 2024 – TheNewswire – Visionstate Corp. (TSXV: VIS) (“Visionstate” or the “Company”),  is pleased to announce several key developments that position the company for growth and further innovation. These updates reflect Visionstate's commitment to expanding its market presence, enhancing its product offerings, and maintaining its leadership in the facility management sector. From increasing U.S. market penetration to significant advancements in product functionality, the company is excited to share its progress in the following areas.

US Expansion

Visionstate IoT Inc. is ramping up its marketing efforts in the United States to introduce the WANDA task management software to U.S.-based companies. Visionstate IoT has already established a foothold in the U.S. market with several large customers and aims to leverage this success to further penetrate the market. As part of this initiative, Visionstate will be participating as an exhibitor at the annual ISSA Cleaning Show, held in Las Vegas from November 19-21. To maximize the effectiveness of this presence, the company has launched an aggressive lead generation campaign in collaboration with U.S. partners. The goal is to arrange meetings during the show to demonstrate how WANDA can enhance operational efficiency and help prevent the spread of diseases.

Additionally, the company has begun the process of seeking a listing on the OTC markets to expand its investor base in the U.S.

"We are thrilled about the opportunity to significantly expand our presence in the U.S.," said Shannon Moore, President of Visionstate Corp. "The market is vast, and we believe our innovative WANDA software will provide the operational solutions that facility managers need to improve their workflow and enhance safety."

Deployments

Visionstate is pleased to report an expansion in its deployments, particularly in educational institutions. With a proven history of successful installations, WANDA has become a preferred task management solution for educational facility managers across Canada. New installations are scheduled in large manufacturing facilities, municipal operations, and additional educational institutions. These deployments will significantly grow Visionstate's customer base as WANDA is adopted by more organizations seeking streamlined task management and operational efficiency.

Innovation

Visionstate has undertaken a significant development project to expand WANDA’s capabilities. This project will add robust inspection and auditing features, further enhancing its value to facility management professionals. At the same time, Visionstate is developing new Artificial Intelligence (AI) technologies that will improve scheduling and routing activities, introducing major efficiency gains for customers. These advancements are happening concurrently with the app development and will introduce a suite of new features, including auditing, inspections, and complex scheduling tools.

"Our commitment to innovation is what sets Visionstate apart," Moore added. "The AI technology we’re developing will be a game-changer in terms of how facilities are managed, driving greater efficiencies and offering unparalleled solutions to our customers."

About Visionstate Corp.

Visionstate Corp. (TSX-V: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things (IoT), big data, and analytics, and sustainability. Through its portfolio companies, Visionstate is committed to the development and commercialization of innovative solutions that enhance operational efficiency, sustainability, and customer experience across multiple sectors.

Issued on behalf of the Board of Directors,

“John A. Putters”

Visionstate Corp.    

To learn more, please contact:

Visionstate IoT Inc.

Shannon Moore, President

Email: shannon@visionstate.com

Tel: 780-425-9460

CHF Capital Markets

Kathy Chapman

Email: kc@chfir.com

Tel: 416-868-1079 x 234

Twitter: @visionstate

Facebook: @visionstate

LinkedIn: Visionstate Corp.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

Visionstate Corp. Announces Closing of Fully Subscribed Financing

Edmonton, Alberta - TheNewswire - September 26, 2024 – Visionstate Corp. (TSXV: VIS) (“Visionstate” or the “Company”), a provider of smart facility management technology, is pleased to announce its has received final acceptance by the TSX Venture Exchange for the closing of its previously announced non-brokered private placement of $600,000 which was fully subscribed.

The Company will issue 24,000,000 units of the Company (“Units”) at a price of $0.025 per Unit for gross proceeds of  $600,000 as previously announced on August 29, 2024.  Each Unit is comprised of one (1) common share of Visionstate (“Common Share”) and one (1) Common Share purchase warrant (“Warrant”) whereby each Warrant entitles the holder to purchase one (1) additional Common Share at a price of $0.05 per Common Share for a period of five (5) years following the date of closing.

If the closing price of the Common Shares is equal to or exceeds $0.07 per Common Share for greater than twenty (20) consecutive trading days, then the warrant term shall automatically accelerate to a date that is thirty (30) calendar days following the date a press release is issued by the Company announcing the reduced warrant terms, without any further notification to be made by the Company.

The issuance of Units to insiders pursuant to the Offering will constitute a “related party transaction” as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions (“MI 61-101”).  The Offering will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.  In particular, Visionstate has determined that the exemptions set out in paragraphs (a) and (b) in section 5.5 of MI 61-101 are applicable since the aggregate consideration to be paid by the related parties will not exceed 25% of the market capitalization of Visionstate and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange.  

In addition, regarding the minority shareholder approval exemptions, the independent directors have determined that the exemptions set out in paragraphs (1)(a) and (b) in section 5.7 of MI 61-101 are applicable in that the aggregate consideration to be paid by the related parties will not exceed 25% of the market capitalization of Visionstate, the distribution of the securities to the related parties will have a fair market value of not more than $2,500,000 and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange.

The net proceeds from the sale of units will be primarily allocated towards the development and commercialization of new products designed to enhance the Company's IoT solutions and expand its market reach. Visionstate remains committed to delivering IoT technology solutions that drive operational efficiencies and improve customer experiences across various industries.

Pursuant to applicable Canadian securities laws, the Common Shares and Warrants comprising the Units are subject to a four-month plus one day hold period from the time of closing.

About Visionstate Corp.

Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Visionstate IoT Inc. is a wholly-owned subsidiary of Visionstate Corp. Through Visionstate IoT Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres, and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact, and transform consumer experiences.

Issued on behalf of the Board of Directors,

“John A. Putters”

Visionstate Corp.    

To learn more, please contact:

Visionstate Corp.

John Putters, CEO

Email: jputters@visionstate.com

Tel: 780-425-9460

CHF Capital Markets

Kathy Chapman

Email: kc@chfir.com

Tel: 416-868-1079 x 234

Twitter: @visionstate

Facebook: @visionstate

LinkedIn: Visionstate Corp.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

Visionstate Corp. Secures Funding to Enhance AI Capabilities in WANDA Technology through Amii Partnership

Edmonton, Alberta – September 16, 2024 – TheNewswire – Visionstate Corp. (TSXV: VIS) is pleased to announce that it has secured funding to advance the AI capabilities of its proprietary WANDA technology through a partnership with the Alberta Machine Intelligence Institute (Amii). This collaboration aims to revolutionize the complexities of staff and task scheduling in dynamic facility management environments.

By leveraging Amii’s leading AI expertise, Visionstate will streamline the time-intensive and complex scheduling process, producing schedules that meet task completion requirements and adapt to constantly changing conditions. This partnership is a significant step towards enhancing the efficiency of task management in real-time.

Shannon Moore, President of Visionstate IoT Inc., commented: “As a company committed to driving innovation in facility management, partnering with Amii allows us to push the boundaries of what AI can do for our clients. By integrating machine learning into our scheduling systems, we are taking a significant step towards enhancing the efficiency of task management in real-time. This collaboration not only aligns with our vision for smarter operations but also provides tangible value to facility managers by simplifying the complexities of day-to-day scheduling.”

Visionstate is dedicated to promoting efficient operations through its flagship product, WANDA, which provides real-time data collection and actionable insights that streamline task management and overall operational efficiency.

This collaboration will leverage the recent announcement of a $3M investment from PrairiesCan to accelerate AI adoption in the prairie provinces. This funding will support 30 small and medium-sized businesses based in Alberta, Saskatchewan, and Manitoba over the next three years, empowering Canadian companies to embark on or accelerate their AI adoption journeys, driving innovation and growth in the Prairie region.

About Visionstate Corp.

Visionstate Corp. (TSX-V: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things (IoT), big data, and analytics, and sustainability. Through its portfolio companies, Visionstate is committed to the development and commercialization of innovative solutions that enhance operational efficiency, sustainability, and customer experience across multiple sectors.

Issued on behalf of the Board of Directors,

“John A. Putters”

Visionstate Corp.    

To learn more, please contact:

Visionstate IoT Inc.

Shannon Moore, President

Email: shannon@visionstate.com

Tel: 780-425-9460

CHF Capital Markets

Kathy Chapman

Email: kc@chfir.com

Tel: 416-868-1079 x 234

Twitter: @visionstate

Facebook: @visionstate

LinkedIn: Visionstate Corp.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

Visionstate Corp. Third Quarter Update

Edmonton, Alberta – TheNewswire - September 3, 2024 – Visionstate Corp. (TSXV: VIS) (“Visionstate” or the “Company”), a provider of smart facility management solutions, continues to build momentum in the Canadian market as it sets its sights on U.S. market expansion. The company's proprietary WANDA platform, a leading tool for facility management, is at the forefront of these initiatives, helping to maintain clean and safe environments across a range of institutions, particularly in the education sector.

Growing Market Penetration and Endorsements

Visionstate's WANDA platform has achieved remarkable penetration into Canadian educational institutions, particularly colleges and universities. A recent endorsement from Queen's University highlighted WANDA's effectiveness in tracking cleaning tasks and protocols, reinforcing the platform's value in maintaining sanitary environments. This validation underscores the ongoing importance of robust cleaning programs, even as the immediate threat of COVID-19 has subsided.

In response to growing deployments at larger institutions, Visionstate has made targeted investments in its reporting and analytics capabilities. These enhancements ensure that WANDA continues to deliver high value to its customers, facilitated by Visionstate’s Canadian distribution partner.

Strategic Focus on AI Integration

Demonstrating its commitment to innovation, Visionstate has re-branded an operating division from Next Vision IoT Inc. to Next Vision AI Inc., emphasizing a strategic focus on artificial intelligence. This initiative is being driven in partnership with the Alberta Machine Intelligence Institute (Amii), a leading AI development institute based in Edmonton. The 12-month project with Amii aims to integrate AI into the WANDA platform, with key developments in schedule and route optimization. These AI-driven improvements will enable facility management companies to optimize cleaning routes and schedules, enhancing operational efficiency and reinforcing Visionstate’s leadership in the sector.

U.S. Market Expansion

With a secure distribution partner in Canada, Visionstate is now turning its attention to the U.S. market. The U.S. represents a significant opportunity for expansion, particularly given the presence of Visionstate's largest customer, the world's leading private equity real estate firm. To capitalize on this potential, Visionstate is investing in dedicated sales and marketing resources in the U.S.

As part of its expansion strategy, Visionstate will participate in the ISSA Cleaning Show in Las Vegas from November 19-24, 2024. The company aims to forge new partnerships for U.S. sales and marketing and explore opportunities in other international markets. Visionstate has built scalability into its software, ensuring readiness for this expansion. For direct U.S. sales, Visionstate will retain all revenue from license fees, except where resellers are involved. Additionally, the company is rolling out direct marketing and digital lead generation campaigns to drive sales leads in this new market.

Sol Spaces Inc. – A Visionstate Portfolio Company

Visionstate’s portfolio company, Sol Spaces Inc. (solspaces.com) has made significant strides in the current quarter, generating approximately $150,000 in revenue. This success is largely due to the sale of residential greenhouses and the development of a community-scale greenhouse for a prominent First Nations community near Edmonton. This project addresses critical food security challenges and exemplifies Sol Spaces’ commitment to innovative, resilient infrastructure.

Looking ahead, Sol Spaces plans to commoditize its greenhouse offerings by 2025, positioning them for broader distribution. Sol Spaces’ products are unique in that they represent the next generation of greenhouses which incorporate new technologies that help mitigate extreme temperatures and can extend growing seasons. The company is also advancing its development of next-generation living spaces, focusing on energy efficiency and affordability, which aligns with Visionstate’s broader commitment to sustainable technology. Visionstate Corp. Owns approximately 40% of Sol Spaces Inc.

Financial Performance and Outlook

Q3 has historically been a slower quarter for Visionstate IoT Inc. due to seasonal factors, particularly affecting revenue related to one time set up fees. However, the company anticipates strong growth in Q4, driven by new contracts with large Canadian colleges and universities. These contracts will contribute to Visionstate’s Software-as-a-Service (SaaS) revenue model, further strengthening its residual income streams. The company also expects additional fees from the development of new auditing features for WANDA, which will enhance monthly revenue.

Visionstate’s management remains focused on profitability, with software margins exceeding 70% and continued cost control measures. The company successfully closed a $500,000 financing round post-Q3, securing the necessary working capital to support its growth plans, including U.S. market expansion, AI development, and other key initiatives.

Looking Forward

As Visionstate continues to expand its market presence and technological capabilities, the company anticipates significant growth from markets outside of Canada. The upcoming ISSA conference in Las Vegas will be a critical launch point for these efforts, as it provides an international platform to showcase Visionstate’s facility management solutions.

In the coming months, Visionstate IoT Inc. will also focus on developing new inspection and auditing technology for a major customer. The launch of a standalone auditing application within the next 12 months will further expand Visionstate’s product offerings, reinforcing its position in the facility management industry.

About Visionstate Corp.

Visionstate Corp. (TSX-V: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things (IoT), big data, and analytics, and sustainability. Through its portfolio companies, Visionstate is committed to the development and commercialization of innovative solutions that enhance operational efficiency, sustainability, and customer experience across multiple sectors.

Issued on behalf of the Board of Directors,

“John A. Putters”

Visionstate Corp.    

To learn more, please contact:

Visionstate IoT Inc.

Shannon Moore, President

Email: shannon@visionstate.com

Tel: 780-425-9460

CHF Capital Markets

Kathy Chapman

Email: kc@chfir.com

Tel: 416-868-1079 x 234

Twitter: @visionstate

Facebook: @visionstate

LinkedIn: Visionstate Corp.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

Visionstate Announces $600,000 Financing

Edmonton, Alberta – TheNewswire - August 29, 2024 – Visionstate Corp. (TSXV: VIS) (“Visionstate” or the “Company”), a leading provider of Internet of Things (IoT) solutions, today announced a non-brokered private placement of up to $600,000. The financing will consist of one unit at $0.025 (two and a half cents) per unit (“Unit”) which is comprised of one (1) common share {“Share”} and one (1) whole warrant (“Warrant”) which is exercisable at $0.05 (five cents) per Warrant to receive one (1) Share for a term of 5 years after closing, subject to an acceleration clause as noted below.

The price per Unit is based on the previous closing price of the Company's Shares on the TSXV on  Wednesday, August 28, 2024. The Company intends to issue up to 24 million Shares and correspondingly up to 24 million Warrants for this Unit financing round which is subject to TSXV and regulatory approval, and customary closing conditions.

In the event of acceleration, the expiry date of the Warrant will be accelerated to a date that is thirty (30) days after the date that written notice has been given to the Warrant holder or the date that Visionstate has issued a press release announcing the exercise of the acceleration right; and thereafter, no further notification will be provided nor required by Visionstate to the subscribers of the Units. The securities issued under this placement are subject to a four-month plus one day hold period from the date of closing.

“As Visionstate continues to grow and innovate, we remain committed to prudent financial management,” said Company CEO John Putters. “Our recent capital raise represents a strategic milestone, positioning us for success as we continue to develop our technology and market it worldwide.”

“Our recent financing round not only strengthens our financial position but also accommodates shareholders who were unable to participate in the fully subscribed previous round. We’re committed to inclusivity and appreciate the continued support from our investor community,” he added.

Proceeds from the placement will be primarily allocated towards the development and commercialization of new products designed to enhance the Company's IoT solutions and expand its market reach. This includes participating in the ISSA 2024 “Beyond Clean” conference in Las Vegas in November 2024.  Visionstate Corp. remains committed to delivering cutting-edge technology solutions that drive operational efficiencies and improve customer experiences across various industries.

The issuance of Units to insiders pursuant to the Placement will constitute a “related party transaction” as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions (“MI 61-101”).  The Placement will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.  In particular, Visionstate has determined that the exemptions set out in paragraphs (a) and (b) in section 5.5 of MI 61-101 are applicable since the aggregate consideration to be paid by the related parties will not exceed 25% of the market capitalization of Visionstate and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange.  In addition, regarding the minority shareholder approval exemptions, the independent directors have determined that the exemptions set out in paragraphs (1)(a) and (b) in section 5.7 of MI 61-101 are applicable in that the aggregate consideration to be paid by the related parties will not exceed 25% of the market capitalization of Visionstate, the distribution of the securities to the related parties will have a fair market value of not more than $2,500,000 and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange.

About Visionstate Corp.

Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Visionstate IoT Inc. is a wholly owned division of Visionstate Corp. Through Visionstate IoT Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its devices that track and monitor guest activities and sanitation requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres, and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences.

Issued on behalf of the Board of Directors,

“John A. Putters”

Visionstate Corp.    

To learn more, please contact:

Visionstate IoT Inc.

John Putters, CEO

Email: jputters@visionstate.com

Tel: 780-425-9460

CHF Capital Markets

Kathy Chapman

Email: kc@chfir.com

Tel: 416-868-1079 x 234

Twitter: @visionstate

Facebook: @visionstate

LinkedIn: Visionstate Corp.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

Visionstate Corp. Announces Closing of Fully Subscribed Financing

Edmonton, Alberta – TheNewswire - August 26, 2024 – Visionstate Corp. (TSXV: VIS) (“Visionstate” or the “Company”),  a leading provider of smart facility management technology, is pleased to announce the closing of its previously announced non-brokered private placement of $500,000. The Company closed proceeds of $310,000, subsequent to closing approximately $190,000 announced by the Company on July 2, 2024.  

Pending final acceptance from the TSX Venture Exchange on the offering ("Offering"), the Company will issue 25,000,000 units of the Company (“Units”) at a price of $0.02 per Unit for gross proceeds of  $500,000 as previously announced on June 19, 2024.  Each Unit is comprised of one (1) common share of Visionstate (“Common Share”) and one (1) Common Share purchase warrant (“Warrant”) whereby each Warrant entitles the holder to purchase one (1) additional Common Share at a price of $0.05 per Common Share for a period of two (2) years following the date of closing.

If the closing price of the Common Shares is equal to or exceeds $0.07 per Common Share for greater than twenty (20) consecutive trading days, then the warrant term shall automatically accelerate to a date that is thirty (30) calendar days following the date a press release is issued by the Company announcing the reduced warrant terms, without further notification made by the Company.

Visionstate has closed on the initial tranche of subscriptions of 9,515,000 Units at a price of $0.02 per Unit for gross proceeds of $190,300, which includes 2,425,000 Units issued to certain insiders of Visionstate.

The issuance of Units to insiders pursuant to the Offering will constitute a “related party transaction” as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions (“MI 61-101”).  The Offering will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.  In particular, Visionstate has determined that the exemptions set out in paragraphs (a) and (b) in section 5.5 of MI 61-101 are applicable since the aggregate consideration to be paid by the related parties will not exceed 25% of the market capitalization of Visionstate and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange.  In addition, regarding the minority shareholder approval exemptions, the independent directors have determined that the exemptions set out in paragraphs (1)(a) and (b) in section 5.7 of MI 61-101 are applicable in that the aggregate consideration to be paid by the related parties will not exceed 25% of the market capitalization of Visionstate, the distribution of the securities to the related parties will have a fair market value of not more than $2,500,000 and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange.

The net proceeds from the sale of units will be primarily allocated towards the development and commercialization of new products designed to enhance the Company's IoT solutions and expand its market reach.  Visionstate remains committed to delivering IoT technology solutions that drive operational efficiencies and improve customer experiences across various industries.

Pursuant to applicable Canadian securities laws, the Common Shares and Warrants comprising the Units are subject to a four-month hold period from the time of closing of the Offering.

About Visionstate Corp.

Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Visionstate IoT Inc. is a wholly-owned subsidiary of Visionstate Corp. Through Visionstate IoT Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres, and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact, and transform consumer experiences.

Issued on behalf of the Board of Directors,

“John A. Putters”

Visionstate Corp.    

To learn more, please contact:

Visionstate Corp.

John Putters, CEO

Email: jputters@visionstate.com

Tel: 780-425-9460

CHF Capital Markets

Kathy Chapman

Email: kc@chfir.com

Tel: 416-868-1079 x 234

Twitter: @visionstate

Facebook: @visionstate

LinkedIn: Visionstate Corp.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

Visionstate Corp Announces Successful Virtual AGM with Key Updates on Board Appointments and Business Expansion

Edmonton, AB – August 6, 2024 – TheNewswire – Visionstate Corp. (TSXV: VIS), a leader in Internet of Things (IoT) technology and innovation, is pleased to announce the successful completion of its virtual Annual General Meeting (AGM) held on Wednesday, July 31, 2024. The meeting was marked by significant approvals and exciting updates on the company's future.

Board Appointments and Control Position Approval

Shareholders voted overwhelmingly in favour of all official business items presented at the AGM. This includes the appointment of a new board, which will be led by Jim Duke as Chairman, alongside Belinda Davidson and John Putters. Their collective expertise is expected to drive Visionstate Corp. forward in its next phase of growth and innovation.

Additionally, shareholders approved the establishment of a new control position, which removes prior investment restrictions. This pivotal decision enables Visionstate Corp. to proceed with its private placement, which is anticipated to close on or about August 15, 2024. This development is a key milestone for the company, positioning it for enhanced flexibility and growth opportunities.

Business Operations and Strategic Expansion

Visionstate IoT Inc. President Shannon Moore provided a comprehensive update on the company's business operations. Key highlights include:

• Expansion in Canada: Visionstate is extending its reach into secondary educational institutions across the country. The Company is currently is negotiations to expand its reach into multiple secondary educational institutions across the country. As well, an additional 12 buildings at Queens University is slated for WANDA deployment in the near future. 

• European Market Penetration: The company is broadening its footprint in European hospitals, with a focus on facilities in Belgium. Visionstate has already deployed WANDA to Belgian hospitals and seeks to expand the install base throughout Europe.  

• U.S. Market Growth: Visionstate is also setting its sights on the U.S. market, with plans to showcase its flagship product, WANDA, at the ISSA Conference in Las Vegas in November 2024. This year's conference theme, "Technology and Innovation," aligns perfectly with Visionstate’s mission to advance and integrate IoT solutions in the cleaning and facilities management sectors. Visionstate will have a booth at the conference with WANDA product demos.  

"We are extremely excited about attending the BEYOND CLEAN ISSA conference in Las Vegas," said Moore. "This event is an excellent opportunity for us to introduce WANDA to a global audience and connect with potential customers and distributors."

CEO’s Vision on AI and Communication

Visionstate Corp CEO John Putters addressed shareholders with updates on public company matters, including enhancements in communication strategies and the frequency of news releases and social media updates. He also provided insights into the company’s advancements in AI technology, emphasizing Visionstate’s commitment to harnessing AI for practical business applications and increased operational efficiency.

Acknowledgements

Visionstate Corp extends its gratitude to all shareholders for their continued support and participation in the AGM. The company remains dedicated to delivering innovative solutions and driving growth in the IoT sector.

For more information, please visit www.visionstate.com

Issued on behalf of the Board of Directors,

“John A. Putters”

Visionstate Corp.    

To learn more, please contact:

Visionstate IoT Inc.

Shannon Moore, President

Email: shannon@visionstate.com

Tel: 780-425-9460

CHF Capital Markets

Kathy Chapman

Email: kc@chfir.com

Tel: 416-868-1079 x 234

Twitter: @visionstate

Facebook: @visionstate

LinkedIn: Visionstate Corp

Instagram: corpvisionstate

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

Visionstate Corp. Announces Conditional Approval of Previously Announced Private Placement

Edmonton, Alberta, July 2, 2024 – TheNewswire - Visionstate Corp. (TSXV: VIS) (“Visionstate” or the “Company”), a leading provider of smart facility management technology, is pleased to announce the receipt of conditional acceptance from the TSX Venture Exchange on the offering ("Offering") of up to 25,000,000 units of the Company (“Units”) at a price of $0.02 per Unit for gross proceeds of up to $500,000 as previously announced on June 19, 2024.  Each Unit is comprised of one (1) common share of Visionstate (“Common Share”) and one (1) Common Share purchase warrant (“Warrant”) whereby each Warrant entitles the holder to purchase one (1) additional Common Share at a price of $0.05 per Common Share for a period of two (2) years following the date of closing.

If the closing price of the Common Shares is equal to or exceeds $0.07 per Common Share for greater than twenty (20) consecutive trading days, then the warrant term shall automatically accelerate to a date that is thirty (30) calendar days following the date a press release is issued by the Company announcing the reduced warrant terms, without further notification made by the Company.

Visionstate has closed on the initial tranche of subscriptions of 9,515,000 Units at a price of $0.02 per Unit for gross proceeds of $190,300, which includes 2,425,000 Units issued to certain insiders of Visionstate.

The issuance of Units to insiders pursuant to the Offering will constitute a “related party transaction” as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions (“MI 61-101”).  The Offering will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.  In particular, Visionstate has determined that the exemptions set out in paragraphs (a) and (b) in section 5.5 of MI 61-101 are applicable since the aggregate consideration to be paid by the related parties will not exceed 25% of the market capitalization of Visionstate and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange.  In addition, regarding the minority shareholder approval exemptions, the independent directors have determined that the exemptions set out in paragraphs (1)(a) and (b) in section 5.7 of MI 61-101 are applicable in that the aggregate consideration to be paid by the related parties will not exceed 25% of the market capitalization of Visionstate, the distribution of the securities to the related parties will have a fair market value of not more than $2,500,000 and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange.

The net proceeds from the sale of units will be primarily allocated towards the development and commercialization of new products designed to enhance the Company's IoT solutions and expand its market reach.  Visionstate remains committed to delivering IoT technology solutions that drive operational efficiencies and improve customer experiences across various industries.

Pursuant to applicable Canadian securities laws, the Common Shares and Warrants comprising the Units are subject to a four-month hold period from the time of closing of the Offering.

About Visionstate Corp.

Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Visionstate IoT Inc. is a wholly-owned subsidiary of Visionstate Corp. Through Visionstate IoT Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres, and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact, and transform consumer experiences.

Issued on behalf of the Board of Directors,

“John A. Putters”

Visionstate Corp.     

To learn more, please contact:

Visionstate IoT Inc.

Shannon Moore, President

Email: shannon@visionstate.com

Tel: 780-425-9460

CHF Capital Markets

Kathy Chapman

Email: kc@chfir.com

Tel: 416-868-1079 x 234

Twitter: @visionstate

Facebook: @visionstate

LinkedIn: Visionstate Corp.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.