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Message: VSBLTY ANNOUNCES DELAY IN FILING ANNUAL FINANCIAL STATEMENTS

VSBLTY ANNOUNCES DELAY IN FILING ANNUAL FINANCIAL STATEMENTS

Vsblty Groupe Technologies Corp.'s annual financial statements for the year ended Dec. 31, 2022, including the related management discussion and analysis, and chief executive officer and chief financial officer certifications were not filed by the required filing deadline of May 1, 2023.

The company's auditors require additional time to complete their audit due to certain complex transactions that the company entered into during the 2022 financial year, and as a result, the annual financial filings were not filed on or before the filing deadline.

The company is working on the steps required to complete the annual financial filings and expects to be able to file the annual financial filings by May 31, 2023. The company will provide updates as further information relating to the annual financial filings becomes available.

The company has applied to the applicable securities regulatory authorities and received a management cease trade order (MCTO) imposed against the chief executive officer and chief financial officer of the company precluding them from trading securities of the company. The MCTO will be in effect until the annual financial filings are filed and requires that the annual financial filings be filed on or before June 30, 2023.

Until the annual financial filings are filed, the company intends to issue biweekly default status reports in accordance with National Policy 12-203 -- Management Cease Trade Orders. The company intends to satisfy the provisions of the alternative information guidelines during the period it remains in default of the filing requirements. The company confirms that there is no other material information relating to its affairs that has not been generally disclosed.

About Groupe Technologies Corp.

Headquartered in Philadelphia, Vsblty is the world leader in Proactive Digital Display, which transforms retail and public spaces as well as place-based media networks with software as a service-based audience measurement and security software that uses artificial intelligence and machine learning. Its proprietary technology effectively integrates with other digital retail solutions, including QR (quick response) codes and mobile applications. The firm is also recognized for its leadership role in the growing store as a medium movement that enables brands to reach customers when and where buying decisions are being made while producing a new revenue stream for retailers.

We seek Safe Harbor.

 

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