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Victory Square Technologies Reports 2018 Year End Results And Files CEO Letter to Shareholders

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  • Results show significant increases in Revenue, Investments, Cash and Working Capital
  • Year highlighted by investment and acquisition of 11 new private companies in 2018
  • $10,000,000 convertible note to build, develop and create long-term value for portfolio companies and VST shareholders.

VANCOUVER, British Columbia, Aug. 21, 2019 (GLOBE NEWSWIRE) — Victory Square Technologies Inc. (CSE:VST)(FWB: 6F6)(OTC:VSQTF) successfully filed its annual consolidated financial statements for 2018 along with its MD&A on Friday, August 16th, 2019. The Company will also be filing its interim financial report and MD&A for the quarterly period ended March 31st, 2019 on or before Friday, August 23rd, 2019.

In a letter to Victory Square shareholders, Chief Executive Officer Shafin Diamond Tejani pointed to significant year-over-year increases in revenues, investments, cash and working capital. The 2018 fiscal year was marked by the addition of 11 new private companies to the Victory Square portfolio (either through investment or acquisition).

Tejani noted a series of financial highlights in his letter to shareholders, including that:

  • Revenue increased by $3,746,522 or 505.48%
  • Portfolio Investments increased by $4,883,293
  • Cash and short term investments increased by 37.62% to $3,736,683
  • Working capital increased to $3,128,864

“The complex nature and scope of the investments in and acquisitions of 11 private companies during Fiscal 2018 created substantive delays in the filing of our audited financial statements,” said Tejani. “We apologize for any inconvenience caused by these delays and will take the requisite steps to ensure that we never again experience that kind of a bump in the road. We are already heading down the path of infrastructure and process improvements that will ensure that we are able to make the most of all of the opportunities before us in 2019 and beyond.”

LETTER TO OUR SHAREHOLDERS

Dear Fellow Shareholders,

The three years since we became Victory Square Technologies have been transformational for our company. The results of our growth since 2016 sees us emerging as a strategically focused group of businesses linked by the power of innovative technologies. Victory Square has teams operating across more than 20 countries.

As is often the case, increased growth leads to greater challenges and we certainly faced those head-ons in recent months. As many of you are aware, a failure-to-file cease trade order in Canada was issued for Victory Square as the result of delays in the filing of our annual audited financial statements for the year ending December 31st, 2018.

Simply put, the nature and scope of the investment in or acquisition of 11 private companies during 2018 meant that our auditors required far more time than expected to complete our Victory Square audit. In our race to change the game, we underestimated the complexities involved in expediting the growth of our portfolio of companies. We apologize for any inconveniences caused by these delays and we’re committed to ensuring we are better prepared for these unforeseen bumps in the road.

We recognize of course that growing is learning, especially in the fast-paced tech sector. Take comfort in knowing that the challenges associated with building such a unique roster of high tech companies and startups have already led to operational, leadership and organizational changes over the past year. Our centralized management team and support and advisory resources have always been one of the big strengths of Victory Square. We will certainly continue to ensure that we are as strong on all aspects of the stewardship required to achieve our collective goals.

We have emerged from this difficult year with a clear view of what’s most important for us to drive future value creation and tangible improvements to our cash flow. Given that we continue to make substantial investments across our business in support of future growth, process and compliance will take on even greater significance to the team at Victory Square. We are confident that with your support, we will parlay these early positive trends into strong momentum over the course of 2019, 2020, and beyond.

To that end, we believe that the actions the Victory Square team took in fiscal 2018 have created exactly that: Growing momentum toward a more successful future.

Here are some financial and investment highlights that validate that perspective shared by our centralized management team:

2018 Financial Highlights

  • Revenue increased by $3,746,522 or 505.48%
  • Portfolio Investments increased by $4,883,293
  • Cash and short term investments increased by 37.62% to $3,736,683
  • Working capital increased to $3,128,864

2018 Investment Highlights:

During the fiscal year 2018, the company added investments in or acquisitions of 11 private companies:

Name Vertical
Co-Pilot (formerly Cassia Research) Automated Lead Gen (SaaS)
Multiplied Networks SD-WAN
V2 Games Inc. e-Gaming/Esports
Payvida Solutions Inc. Payments/Lending
Howyl Ventures Inc. Software Development
Shape Immersive Inc. Augmented Reality (AR)/Cloud
Flo Digital Inc. Virtual Reality/Advertising
Limitless Technologies Inc. Cyber Security/VPN
TaloFlow (formerly LocoNoco Inc.) Cloud Optimization
Cloud Benefit Solutions Inc. Insurance/Benefits
Grow Tech Labs Inc. AgTech/Health

The success of Victory Square is anchored in the dynamic combination and synergies of people, ideas and capital. Going forward into 2019 — armed with access to a $10,000,000 convertible note — we are well equipped to leverage these resources to successfully build, develop and support companies in the global technology sector with the objective of creating long-term value for Victory Square, its network of companies and its shareholders.

Ultimately, Victory Square’s team is committed to incubating and building a new breed of companies set to become the next decade’s technology giants. Thank you for your ongoing support of our vision. We are committed to nothing short of excellence in the weeks, months and years ahead.

Shafin Diamond Tejani, Chief Executive Officer
Victory Square Technologies

Check out VictorySquare.com and sign up to VST’s official newsletter at VictorySquare.com/newsletter.

ABOUT VICTORY SQUARE TECHNOLOGIES INC.

Victory Square Technologies Inc. (CSE:VST)(FWB: 6F6)(OTC:VSQTF) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed to fast-track growth. The result: rapid scale-up and monetization, with a solid track record of public and private exits.

VST’s sweet spot is the cutting-edge tech that’s shaping the 4th Industrial Revolution. Our portfolio consists of 20 global companies using AI, VR/AR and blockchain to disrupt sectors as diverse as fin-tech, insurance, health, and gaming.

What we do differently for startups

VST isn’t just another investor. With real skin in the game, we’re committed to ensuring each company in our portfolio succeeds. Our secret sauce starts with selecting startups that have real solutions, not just ideas. We pair you with senior talent in product, engineering, customer acquisition and more. Then we let you do what you do best — build, innovate and disrupt. In 24-36 months, you’ll scale and be ready to monetize.

What we do differently for investors

VST is a publicly-traded company headquartered in Vancouver, Canada, and listed on the Canadian Securities Exchange (VST), Frankfurt Exchange (6F6) and the OTCQX (VSTQF). For investors, we offer early-stage access to the next unicorns before their unicorns.

Our portfolio represents a unique liquid and secure way for investors to get access to the latest cutting-edge technologies. Because we focus on market-ready solutions that scale quickly, we’re able to provide strong and stable returns while also tapping into emerging global trends with big upsides. For more information, please visit www.victorysquare.com.

ABOUT THE CANADIAN SECURITIES EXCHANGE (CSE)

The Canadian Securities Exchange, or CSE, is operated by CNSX Markets Inc. Recognized as a stock exchange in 2004, the CSE began operations in 2003 to provide a modern and efficient alternative for companies looking to access the Canadian public capital markets.

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uBUCK Signs Agreement for Strategic Commercial Relationship with Deltec Bank And Trust Limited

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VANCOUVER, British Columbia, Nov. 07, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(OTC:LLNKF)(FRA:C0B), a key player in logistics platforms and payment solutions, is pleased to announce that its subsidiary uBUCK Technologies SEZC (“uBUCK” or the “Company”) has signed a Strategic Alliance Agreement with Deltec Bank & Trust Limited (“Deltec”) to sell uBUCK prepaid debit cards from the uBUCK platform to banks and investment account customers at Deltec. Through this strategic commercial relationship, Deltec will also integrate and market the uBUCK prepaid debit card into Deltec digital wallet and exchange relationships, as well as private banking contacts.

Headquartered in The Bahamas, Deltec is a diversified independent financial institution that offers its global clients the unique combination of institutional expertise, bespoke solutions, and highly attentive service.

“We are very excited to enter into a strategic partnership with Deltec, a highly regarded financial institution with a range of private banking and fiduciary expertise,” said uBUCK CEO James Youn. “This partnership opens up uBUCK to a large network of financial services providers across the globe.”

The phases of the strategic commercial relationship between uBUCK and Deltec will include providing prepaid debit cards to their existing bank and wealth management clients, marketing the card program to regional private bank networks in the Caribbean, South America, Asia and Europe, a technology platform that links the cards and creating dedicated white label card programs to their existing digital asset exchange clients.

About Deltec Bank & Trust Limited

Deltec Bank & Trust Limited is the flagship company of the Deltec International Group, a diversified independent financial services group, providing through its member companies a range of private banking and fiduciary expertise, fund administration, investment management, digital asset financial services, insurance solutions, and corporate and merchant banking capabilities.

About uBUCK Technologies SEZC

Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digital payments and wallets. uBUCK Pay, its online payments platform and pin voucher solution, offers consumers, businesses and merchants a fast, commission-free and highly secure alternative to traditional payments. Customers can purchase pin vouchers within the uBUCK Pay app or at participating resellers. For details about uBUCK Pay, please visit uBUCKpay.com. For details about Streambucks, please visit Streambucks.gg.

About LiteLink Technologies Inc.

LiteLink Technologies Inc. (CSE:LLT)(OTC:LLNKF)(FRA:C0B) is a major player in developing world-class enterprise platforms that utilize artificial intelligence, blockchain, and predictive analytics to solve fragmented and outdated technology problems in the logistics and digital payment industries. Our flagship 1SHIFT logistics platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time.

Forward-looking Statement
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the nature of the business of LiteLink, and other factors or information. Such statements represent LiteLink’s current views with respect to future events and are necessarily based upon a number of assumptions and estimate that, while considered reasonable by LiteLink, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. LiteLink does not intend and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

Please visit the company’s website at litelinktech.com. For a free report on LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(OTC:LLNKF)(FRA:C0Bvisit cryptocurrencynews.com.

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NetCents Technology Announces Closing of a Non-Brokered Private Placement

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Vancouver, British Columbia–(Newsfile Corp. – September 26, 2019) – NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) (Frankfurt: 26N) (“NetCents” or the “Company”) today announced the closing of a non-brokered private placement financing (the “Financing“) of 500,000 units of the Company (each, a “Unit“) at a price of CDN$0.45 per Unit, with each Unit being comprised of one common share of the Company (a “Common Share“) and one Common Share purchase warrant (each whole warrant, a “Warrant”), for total gross proceeds of CDN $225,000. Each Warrant is exercisable for one additional Common Share of the Company (each, a “Warrant Share“) at an exercise price of $0.55 per Warrant Share for a period of five (5) years.

The Common Shares and Warrants issued under the Financing, and the Warrant Shares issuable upon exercise of the Warrants, are subject to a hold period that expires on January 25, 2020.

The proceeds of the Financing are for the Company’s general working capital. In connection with the Offering, the Company may pay finder’s fees.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About NetCents

NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) (Frankfurt: 26N) (“NetCents” or the “Company”), the transactional hub for all cryptocurrency payments, equips forward-thinking businesses with the technology to seamlessly integrate cryptocurrency processing into their payment model without taking on the risk or volatility of the crypto market. NetCents Technology is registered as a Money Services Business (MSB) with FINTRAC.

For more information, please visit the corporate website at www.net-cents.com or contact Investor Relations at investor@netcents.com

Cautionary Note Regarding Forward-Looking Information

This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates, and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

Please visit the company’s website at www.net-cents.com. For a free report on NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) (Frankfurt: 26N) visit cryptocurrencynews.com

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NetCents Technology Wins Merchant Share

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VANCOUVER, B.C., September 12, 2019 –  NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) (Frankfurt: 26N) (“NetCents” or the “Company”). Canadian-based NetCents is unleashing payment freedom for cryptocurrency owners around the globe. Through its proprietary Merchant Gateway program, NetCents is winning the merchant share sign-up race and cementing its success as the seamless cryptocurrency processing payment model.

In the first 3 days of September, NetCents signed-up more merchants than the entire month of May, building on its average 95% month-over-month increases. Merchants are rewarding the Company for its seamless integration of cryptocurrency processing into their payment model, with benefits that include:

  1. new level of protocols to protect against fraud and identification theft;
  2. on the spot seamless conversion of crypto to fiat;
  3. lower transaction processing fees;
  4. merchant and staff training; and
  5. regulatory compliance.

“In our race to win market share, we need merchant share,” said Clayton Moore, Founder & CEO, NetCents Technology Inc. “We’re removing one of the industry’s largest pain points to advance both our technology and the industry.”

During 2019, NetCents’ merchants adopting the burgeoning financial services platform are from eCommerce, Travel & Tourism, and Financial industries, located in North America and Europe. Average merchant processing revenues range from CAD 1,000 and 200,000 monthly.

Creating a seamless and intuitive merchant terminal-enabled user experience for buying, selling and transacting with cryptocurrencies leads to consumer trust and adoption.  NetCents’ Merchant Gateway has compelling results with favourable monthly increases in transaction volume, average transaction value, processing volume, and new merchant sign-ups. Based on current pace, the company is projecting it will surpass a 2020 first calendar quarter with a CAD $2 million monthly processing volume.

About NetCents

NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) (Frankfurt: 26N) (“NetCents” or the “Company”), the transactional hub for all cryptocurrency payments, equips forward-thinking businesses with the technology to seamlessly integrate cryptocurrency processing into their payment model without taking on the risk or volatility of the crypto market. NetCents Technology is registered as a Money Services Business (MSB) with FINTRAC.

For more information, please visit the corporate website at www.net-cents.com or contact Investor Relations at investor@net-cents.com

Cautionary Note Regarding Forward Looking Information

This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Please visit the company’s website atwww.net-cents.com. For a free report on NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) (Frankfurt: 26N) visit cryptocurrencynews.com

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uBUCK Technologies Completes First Tranche of Private Placement

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VANCOUVER, British Columbia, Sept. 30, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT) (OTC:LLNKF) (FRA:C0B), a key player in logistics platforms and payment solutions, is pleased to announce that its subsidiary uBUCK Technologies SEZC (“uBUCK”) has closed the first tranche of a non-brokered private placement previously announced on September 23, 2019.

In connection with the placement, uBUCK issued 800,000 preferred shares to a strategic investor at a price of $0.50 per share for gross proceeds of US$400,000. Under the terms of the investment, uBUCK expects a minimum investment of US$1,500,000 will be made in exchange for 3,000,000 preferred shares at a price of US$0.50 per share by June 30, 2020. The investor will also have the option to invest an additional US$2,500,000 for a total of 8,000,000 preferred shares at a price of US$0.50 per share by September 30, 2021

uBUCK intends to use the gross proceeds of the private placement to complete the development of the uBUCK and Streambucks digital wallets, accelerate growth, increase customer acquisitions, and conduct additional product testing.

The private placement is a non-dilutive transaction for LiteLink shareholders.  Completion of additional investments is subject to all necessary regulatory approvals.

The initial investment of US$1,500,000 would give the investor a 6% ownership in uBUCK, and an additional US$2,500,000 investment would result in a 16% ownership in uBUCK, based on the total outstanding equity in uBUCK. The preferred shares come with first rights to dividends of 6% (of the amount invested) and first claims to assets up to the investment in case of liquidation.

About uBUCK Technologies SEZC

Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digital payments and wallets. uBUCK Pay, its online payments platform and pin voucher solution, offers consumers, businesses and merchants a fast, commission-free and highly secure alternative to traditional payments.  Customers can purchase pin vouchers within the uBUCK Pay app or at participating resellers. For details about uBUCK Pay, please visit uBUCKpay.com.

About LiteLink Technologies Inc.

LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT) (OTC:LLNKF) (FRA:C0B) is a major player in developing world-class enterprise platforms that utilize artificial intelligence, blockchain, and predictive analytics to solve fragmented and outdated technology problems in the logistics and digital payment industries.  Our flagship 1SHIFT logistics platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time.

Forward-looking Statement

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information.  These forward-looking statements or information may relate to the nature of the business of LiteLink and uBUCK, and other factors or information. Such statements represent LiteLink’s current views with respect to future events and are necessarily based upon a number of assumptions and estimate that, while considered reasonable by LiteLink, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties.  Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. LiteLink does not intend and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules, and regulations.

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LiteLink Announces Launch of PerfectRoute, a Route Planning and Fleet Optimization Solution

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VANCOUVER, British Columbia, Oct. 15, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(OTC:LLNKF)(FRA:C0B, a key player in logistics and payment solutions, is pleased to announce PerfectRoute, a delivery route planning and fleet optimization solution for all types of vehicles designed for last-mile delivery, powered by the 1SHIFT Logistics platform.

With the global route optimization software market expected to reach US$5.07 billion by 2023, compounded with today’s increasing pressure to lower costs of transportation and logistics.

Route optimization will be provided to enterprise customers via Litelink’s flagship 1SHIFT platform, but also as a standalone offering in a simple monthly subscription format under the second brand ‘Perfect Route,’ guaranteeing the best route for any delivery to achieve the lowest delivery costs.

1SHIFT’s route and truck optimization features will be available to the mass market this quarter in 2019, which customer trials currently taking place at this time.

PerfectRoute is a true self-service SaaS offering from Litelink focused on user simplicity and immediate response of the best fit optimized route to take. To access this feature, any user can upload any number of pickup and drop-off locations, and simply click ‘Optimize’ to generate the most efficient planned route to take. The key differentiator is a ‘truck optimizer feature’ that estimates how many trucks are required to ship al customer orders minimizing wastage and cost.

“While onsite with a customer implementing our flagship platform 1SHIFT Logistics, we noticed the time and effort being spent each day manually figuring out how many trucks and customer orders were required for planned truck routes. It is clear the owners are very reliant on two critical resources and an array of manual steps,”

stated Shanila Karim, head of 1SHIFT Customer Success.

“We are very excited about the launch of our new product PerfectRoute, which will solve some of the key biggest challenges faced by last-mile delivery businesses,” said LiteLink CEO Ashik Karim. “Litelink can continue to focus on rolling out 1SHIFT Logistics to enterprise clients, and now capture even a larger market with a subscription based high value solution like Perfect Route.”

To learn more about PerfectRoute, schedule a demo of the solution or request a 14-day free trial, please visit https://1shiftlogistics.com/1shiftrouting2/ or email kent.churn@1shiftlogistics.com.

About LiteLink Technologies Inc.

LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(OTC:LLNKF)(FRA:C0B) is a major player in developing world-class enterprise platforms that utilize artificial intelligence, blockchain, and predictive analytics to solve fragmented and outdated technology problems in the logistics and digital payment industries. Our flagship 1SHIFT logistics platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time. Our route planning and fleet optimization platform PerfectRoute is designed to help last-mile delivery companies better plan deliveries with higher truck utilization.

Forward-looking Statement

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the nature of the business of LiteLink, and other factors or information. Such statements represent LiteLink’s current views with respect to future events and are necessarily based upon a number of assumptions and estimate that, while considered reasonable by LiteLink, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. LiteLink does not intend and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules, and regulations.

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LiteLink Signs Trial And Customer Agreement with Large Canadian Nursery Leader, Strengthening Its Position in the Live Product Logistics Industry

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VANCOUVER, British Columbia, Sept. 11, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT) (OTC:LLNKF) (FRA:C0B:FF), a key player in logistics platforms and payment solutions, is pleased to announce that it has signed a customer trial and a definitive user agreement with one of Canada’s largest nurseries, Brookdale Treeland Nurseries Ltd. (“Brookdale”) to provide Brookdale with the enterprise version of the 1SHIFT Logistics platform. This agreement marks a milestone and a major step forward towards 1SHIFT operating in the tree and nursery industry across North America. Over 3000 nurseries operate in Canada alone. According to IBIS World, the nursery industry yields over $50 billion dollars in revenue, spans across 24,642 businesses and employs over 140,000 employees across the U.S.

1SHIFT powered by LiteLink is an end-to-end logistics management solution that enables shippers and carriers to engage in freight matching, automate daily functions, and achieve real-time visibility into their transportation network. The addition of Brookdale will further LiteLink’s goal to be the dominant logistics platforms used by nurseries across Canada.

As per the agreement, Brookdale will receive full commercial access to the 1SHIFT logistics platform to achieve advanced real-time visibility into tracking and tracing, and route optimization to drive the cost of labor and fuel down, all of which will be integrated into their existing TMS ecosystem. The commercial agreement is perpetual use based and fees are based on the number of transactions occurring in the system. There are no start-up fees or cancellation fees in place.

The agreement states that Brookdale will receive 30 days of free commercial use and trial of the platform starting with advanced visibility, while 1SHIFT completes the customizations required for route optimization and load building features. Brookdale has already begun live trials at this stage.

“The challenges our customers are facing today require greater visibility into their transportation network,” said Ashik Karim, LiteLink’s CEO. “The nursery and tree industries across Canada are ripe for technology that drives shipping efficiencies, automated truck loading plans, route optimizations, and temperature sensors. We have full intention of working through the entire list of over 3000 nurseries, targeting the specific common challenges that this industry is facing today. Starting off with an amazing company like Brookdale is the right major step into this industry.”

“The 1SHIFT Platform first runs look very good and the roadmap looks very promising to driving value for our logistics needs. We look forward to continuing to expand the use of the 1SHIFT features,”

stated Marc Bonnici, Brookdale’s National Distribution Manager overseeing logistics.

About 1SHIFT Logistics

LiteLink’s highly regarded 1SHIFT platform is used by shippers and carriers to engage in freight matching, to gain better visibility into their businesses, and to automate daily functions that were performed manually. The 1SHIFT mobile app is used by truckers to view real-time shipment details and flag any issues, automatically provide the truck’s geolocation using the phone’s GPS capabilities and empower every employee from the shipper, carrier, drivers to deliver more connected, intelligent customer service. The end result is that stakeholders who are monitoring shipments can view an interactive map within 1SHIFT showing the current location and progress of each shipment. 1SHIFT also has a robust audit trail capability employing blockchain technology that provides an immutable historical record of the events surrounding each shipment.

About Brookdale Treeland Nurseries Ltd.

Brookdale is one of the largest and most-respected growers of garden plants in Canada, servicing garden retailers, landscape contractors, municipalities, and golf courses throughout Canada and the northern United States. It has been seeking an advanced freight & shipping visibility platform that can be seamlessly worked in without any start-up costs.

Brookdale is one of the largest and most respected growers of garden plants in Canada and is proud to service garden retailers, landscape contractors, municipalities, and golf courses throughout Canada and the northern United States. Brookdale services customers from three locations in Ontario, one in BC and one in New Brunswick with a total land base of over 700 acres. Through its network of over 300 other growers, Brookdale brings products from around the world to its retail and wholesale clients, some of which are Fortune 500 corporations.

About LiteLink Technologies Inc.

LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT) (OTC:LLNKF) (FRA:C0B:FF) is a major player in developing world-class enterprise platforms that utilize artificial intelligence, blockchain, and predictive analytics to solve fragmented and outdated technology problems in the logistics and digital payment industries. LiteLink’s flagship 1SHIFT logistics platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time. uBUCK Pay is a multi-currency digital wallet that supports traditional fiat and digital currencies. Consumers are able to make online and offline purchases using the uBUCK debit card and send funds worldwide for free.

Forward-looking Statement

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information.  These forward-looking statements or information may relate to the nature of the business of LiteLink, and other factors or information. Such statements represent LiteLink’s current views with respect to future events and are necessarily based upon a number of assumptions and estimate that, while considered reasonable by LiteLink, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties.  Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements.  LiteLink does not intend and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules, and regulations. 

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LiteLink Technologies Commences 1SHIFT Commercial Trials for Rail Freight Transports with Easterday Farms Across the USA

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VANCOUVER, British Columbia, Dec. 18, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(OTC:LLNKF)(FRA:C0B), a key player in digital freight and logistics platforms as well as payment solutions, is pleased to announce that it has commenced trials with Easterday Farms Produce Company (“Easterday Farms”) of LiteLink’s 1SHIFT Logistics platform for rail freight transports.

Easterday Farms is a fourth-generation, privately held farming, packing and distribution company that serves customers across the United States. The company has 25,000 acres of potatoes, onions, corn and wheat in Washington State’s Columbia River Basin, as well as a repacking and distribution facility in northern Florida.

As per the agreement, LiteLink will provide Easterday Farms with its 1SHIFT Logistics platform for its dedicated carriers and rail cars for a 45-day trial period to track and trace moisture and temperature in real time for long-distance produce transports via dedicated carriers and rail cars with their next generation solar powered sensors.

“1SHIFT is fast and efficient logistics made easy,” said Jesse Harris, the Transportation Manager at Easterday Farms. “The platform’s real-time pricing and innovative programs enables us at Easterday to respond proactively to the changing market needs.”

“We are very excited to enter the rail freight transportation industry through a commercial trial agreement with Easterday Farms, a highly-regarded farming company with a huge presence in the US product industry,” said LiteLink CEO Ashik Karim. “We look forward to providing Easterday with real-time shipment visibility to ensure the safe transport of its produce to its clients across the US.”

“Jesse’s forward thinking and strive to bring unprecedented industry solutions to Easterday caught our attention at the PMA,” added 1SHIFT Head of Customer Success Shanila Karim. “It was refreshing to speak to someone in the food industry whose vision and understanding of how tech can benefit produce made us want to work with him. We are excited to conduct these trials with him.”

The goal of the 1SHIFT Logistics platform is to provide any farm or producer with the ability to deliver their product as safely and quickly as possible by monitoring temperature and moisture levels in real time. 1SHIFT will help Easterday Farms ensure the best path was taken to maximize the freshness and quality of its produce.

About Easterday Farms

Founded in 1958, Easterday Farms is a fourth-generation, family-owned farming, packing and distribution company that serves customers across the United States. The company has 25,000 acres of potatoes, onions, corn and wheat in Washington State’s Columbia River Basin, as well as a repacking and distribution facility in northern Florida.

About 1SHIFT Logistics

1SHIFT is an end-to-end logistics management solution that enables real-time transparency & tracking as well as peer-feedback and regulation. Users can make tactical and strategic decisions based on accurate, real-time data to stay ahead of the competition. 1SHIFT improves resource allocation and efficiency through planning tools and historical analytics, directly improving profitability. The 1SHIFT model was designed to support the mom & pop shops as well as the largest logistics companies in the world with ease.

About LiteLink Technologies Inc.

LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(OTC:LLNKF)(FRA:C0B) is a major player in developing world-class enterprise platforms that utilize artificial intelligence, blockchain, and predictive analytics to solve fragmented and outdated technology problems in the logistics and digital payment industries. Our flagship 1SHIFT logistics platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time.

Cautionary Statement Regarding Forward-Looking Statements

This news release may contain certain forward-looking statements and information (together, “forward-looking statements”) within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “will”, “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information.  These forward-looking statements or information may relate to the nature of the business of LiteLink and other factors or information. Such statements represent LiteLink’s current views with respect to future events and are necessarily based upon a number of assumptions and estimate that, while considered reasonable by LiteLink, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties.  Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements.  LiteLink does not intend and does not assume any obligation to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

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Victory Square Portfolio Company V2 Games Inc. Announces Private Placement of $3,000,000 CAD

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VANCOUVER, British Columbia, Oct. 24, 2019 (GLOBE NEWSWIRE) — Victory Square Technologies Inc. (CSE:VST)(FWB: 6F6)(OTC:VSQTF) is pleased to announce V2 Games Inc. (“V2 Games”), a wholly-owned subsidiary of the Company, is raising $3,000,000 CAD in a private placement offering (the “Private Placement”) of unsecured convertible debentures (each, a “Debenture”) for gross proceeds of $3,000,000.

Each Debenture issued pursuant to the Private Placement has an issue price of $1,000, a term of two years from the date of issuance and will accrue interest at a rate of 8% per annum. The principal amount of the Debentures, plus accrued and unpaid interest, will be payable in cash on the maturity date unless otherwise converted into common shares of V2 Games prior to such date.

V2 Games is a video and mobile game ventures firm focusing on royalty investments in high-value gaming projects featuring globally-recognized intellectual properties. The company generates cash flow by streaming revenue share from recognizable gaming projects. Examples of these projects include: Pacific Rim: Breach Wars, Rune: Ragnarok, and Hello Kitty. V2 Games previously developed the hit mobile game PAC-MAN Bounce, which got over 20 million downloads.

V2 Games has also incubated and invested in some leading eSports start-ups, including Pepper Esports Inc. and Cash Live. Cash Live recently received an additional $150,000 USD investment from SnapChat.

V2 Games intends to use the net proceeds of the Private Placement for investments in royalty generating gaming projects, general working capital purposes and to prepare for an arrangement to potentially spin-out V2 Games.

“It has been exciting to witness and be a part of the rapid growth of this space in recent years,” said Shafin Diamond Tejani, Chief Executive Officer of Victory Square. “This financing will allow us to build on our growing portfolio of high-value gaming projects featuring globally recognized intellectual properties and our strategy to maximize shareholder value, which includes a working towards the arrangement to spin-out V2 Games.”

“With additional funding into V2 Games, we’re excited to lay the groundwork for our possible public listing, work alongside an even more extensive collection of Internationally renowned IP holders,”

said Sam Chandola, founder of V2 Games.

For further information about the Company, please contact:

ABOUT VICTORY SQUARE TECHNOLOGIES INC.

Victory Square Technologies Inc. (CSE:VST)(FWB: 6F6)(OTC:VSQTF) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed to fast-track growth. The result: rapid scale-up and monetization, with a solid track record of public and private exits.

VST’s sweet spot is the cutting-edge tech that’s shaping the 4th Industrial Revolution. Our portfolio consists of 20 global companies using AI, VR/AR and blockchain to disrupt sectors as diverse as fintech, insurance, health and gaming.

What we do differently for startups

VST isn’t just another investor. With real skin in the game, we’re committed to ensuring each company in our portfolio succeeds. Our secret sauce starts with selecting startups that have real solutions, not just ideas. We pair you with senior talent in product, engineering, customer acquisition and more. Then we let you do what you do best — build, innovate and disrupt.

What we do differently for investors

VST is a publicly-traded company headquartered in Vancouver, Canada, and listed on the Canadian Securities Exchange (VST), Frankfurt Exchange (6F6) and the OTCQX (VSTQF). For investors, we offer early-stage access to the next unicorns before they’re unicorns. Our portfolio represents a transparent, audited and liquid way for investors to get access to the latest cutting-edge technologies. Because we focus on market-ready solutions that scale quickly, we’re able to provide strong and stable returns while also tapping into emerging global trends with big upsides. For more information, please visit www.victorysquare.com.

ABOUT THE CANADIAN SECURITIES EXCHANGE (CSE)

The Canadian Securities Exchange, or CSE, is operated by CNSX Markets Inc. Recognized as a stock exchange in 2004, the CSE began operations in 2003 to provide a modern and efficient alternative for companies looking to access the Canadian public capital markets.

FORWARD-LOOKING INFORMATION

This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the outlook of the business of Victory Square, including, without limitation, statements relating to V2 Games, the Private Placement, the conversion of the Debentures, the use of proceeds of the Private Placement, and other factors beyond our control. Such forward-looking statements may, without limitation, be preceded by, followed by, or include words such as “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans”, “continues”, “project”, “potential”, “possible”, “contemplate”, “seek”, “goal”, or similar expressions, or may employ such future or conditional verbs as “may”, “might”, “will”, “could”, “should” or “would”, or may otherwise be indicated as forward-looking statements by grammatical construction, phrasing or context. All statements other than statements of historical facts contained in this news release are forward-looking statements. Forward-looking information is based on certain key expectations and assumptions made by the management of Victory Square. Although Victory Square believes that the expectations and assumptions on which such forward looking information is based are reasonable, undue reliance should not be placed on them because Victory Square can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements contained in this news release are made as of the date of this news release. Victory Square disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

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NetCents Technology Announces Closing of a Non-Brokered Private Placement

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Vancouver, British Columbia–(Newsfile Corp. – September 26, 2019) – NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) (Frankfurt: 26N) (“NetCents” or the “Company”) today announced the closing of a non-brokered private placement financing (the “Financing“) of 500,000 units of the Company (each, a “Unit“) at a price of CDN$0.45 per Unit, with each Unit being comprised of one common share of the Company (a “Common Share“) and one Common Share purchase warrant (each whole warrant, a “Warrant”), for total gross proceeds of CDN $225,000. Each Warrant is exercisable for one additional Common Share of the Company (each, a “Warrant Share“) at an exercise price of $0.55 per Warrant Share for a period of five (5) years.

The Common Shares and Warrants issued under the Financing, and the Warrant Shares issuable upon exercise of the Warrants, are subject to a hold period that expires on January 25, 2020.

The proceeds of the Financing are for the Company’s general working capital. In connection with the Offering, the Company may pay finder’s fees.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About NetCents

NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) (Frankfurt: 26N) (“NetCents” or the “Company”), the transactional hub for all cryptocurrency payments, equips forward-thinking businesses with the technology to seamlessly integrate cryptocurrency processing into their payment model without taking on the risk or volatility of the crypto market. NetCents Technology is registered as a Money Services Business (MSB) with FINTRAC.

For more information, please visit the corporate website at www.net-cents.com or contact Investor Relations at investor@netcents.com

Cautionary Note Regarding Forward-Looking Information

This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

Please visit the company’s website at www.net-cents.com. For a free report on NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) (Frankfurt: 26N) visit cryptocurrencynews.com

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