Visionstate Signs an Agreement with Sanitis Global to Increase WANDA Sales
August 27 2019 - 6:00AM
Visionstate Corp. (TSX-V: VIS) (“Visionstate” or
‘the Company”) is pleased to announce that it has signed a channel
sales agreement with Sanitis Global to represent Visionstate’s
Internet-of-Things solution WANDA, and WANDA-related products such
as WANDA QuickTouch, to their customer base. Sanitis Global is an
exclusive sales and marketing firm for next-generation infection
control, disinfection, and green cleaning products for hospitals
and clinics, food processing and food service facilities.
An initial two-year agreement will allow
Visionstate to earn royalties off all sales, as well as ongoing
residual licence fees. The roll-out period will start in September
2019.
Harry Jarbath, Founder of Sanitis, said: “We are
delighted to be partnering with Visionstate for the sales and
marketing of their innovative WANDA IoT product,
distributed and supported by the highly-regarded global distributor
Bunzl. The relationship with Visionstate and Bunzl represents a
powerful opportunity for Sanitis to significantly expand our
presence in the Healthcare and FM market.”
"We look forward to working closely with
Visionstate and Bunzl as we combine our efforts to serve a broader
range of customers with Visionstate's WANDA solution over
the coming months and years,” added Allen Beuershausen,
Co-founder of Sanitis.
John Putters, CEO of Visionstate, commented: “We
are very excited about the new agreement with Sanitis, which will
greatly increase Visionstate’s WANDA sales. While Sanitis operates
in multiple industries, their primary focus remains hospitals,
Visionstate’s largest install base to date. Sanitis also expressed
an interest in rolling out Visionstate’s new QuickTouch IoT product
(see Press Release from June 25, 2019) making this agreement a way
for us to bring new products to the market through resellers. WANDA
QuickTouch is ideal for a hospital environment, be it a patient
room or a nursing station.”
Expanding reselling agreements base is a
strategy for Visionstate moving forward. They allow the Company to
leverage large sales forces without incurring additional expenses.
Increased re-seller sales will result in more royalties on the
software and increased residual income for Visionstate.
Share Consolidation
Visionstate would also like to announce a
consolidation of its common shares (the “Shares”), approved by the
Board of Directors, Senior Management and the Toronto Venture
Exchange, on the basis of one (1) post-consolidation Share for four
(4) pre-consolidation Shares, effective August 21, 2019 (the
“Effective Date”). The press release announcing consolidation was
filed on SEDAR on August 19, 2019.
As a result of the share consolidation, the
number of issued and outstanding Shares was reduced from
144,313,219 to 36,078,281. Each shareholder’s percentage ownership
in the Company and proportional voting power remained unchanged
after the consolidation.
In the opinion of management, the share
consolidation was necessary to facilitate future financings and
transactions for the Company.
About Sanitis Global
Sanitis Global is an exclusive sales and
marketing firm whose next-generation eco-friendly infection control
and green cleaning solutions provide safe, clinically- and
industry-proven solutions to the toughest and most critical
challenges in preventing cross-contamination and the spread of
disease in commercial and industrial environments. From persistent
hand hygiene to people- and pet-safe commercial and hospital-grade
disinfectants and green cleaners, their portfolio of products is
well-suited to high-risk industries such as hospitals and health
care and food processing and food service where cleanliness and
sanitation are vital, and dangerous chemicals can be problematic.
Janitorial services and building management firms will also
appreciate that they can maintain green clean, healthy environments
without the need for toxic cleaners and noxious fumes. For more
information on the company, please visit
http://www.sanitisglobal.com.
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, big data and analytics, and sustainability.
Through Visionstate 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. |
CHF Capital Markets |
Website: www.visionstate.com |
John Putters, CEO |
Cathy Hume, CEO |
Twitter: @visionstate |
(780) 425-9460 |
(416) 868-1079 x 231 |
Facebook: @visionstate |
jputters@visionstate.com |
cathy@chfir.com |
LinkedIn:@VisionstateCorp. |
Visionstate (TSXV:VIS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Visionstate (TSXV:VIS)
Historical Stock Chart
From Jul 2023 to Jul 2024