Blockchain-focused venture builder Victory Square Technologies Inc. (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8) this morning announced its entry into a definitive agreement to acquire 49 percent of all issued and outstanding shares of Flo Digital Inc. for C$1 million in total consideration, subject to requisite regulatory approvals. Flo Digital provides immersive and interactive VR ad experiences that aim to completely immerse viewers into the brand experience, essentially allowing them to become the stars of specific advertisements. “We are pleased to announce our investment in Flo Digital Inc., an innovative virtual and augmented reality company focused on disrupting the way advertisers connect with their end customers,” Shafin Diamond Tejani, CEO of Victory Square, stated in the news release. “Flo Digital has a proven track record of providing cutting edge and immersive VR/AR experiences to leading brands that include Chrysler Canada, Warner Bros., and Rogers Wireless to name a few. It is this caliber of customers and execution that makes the entire team at Victory Square eager to work with Flo Digital on their next stage of growth.”
To view the full press release, visit http://ibn.fm/SdHnr
About Victory Square Technologies Inc.
Victory Square Technologies is a blockchain-focused venture builder that funds and empowers entrepreneurs to implement innovative blockchain solutions. Victory Square portfolio companies are disrupting every sector of the global economy including Virtual Reality, Artificial Intelligence, Personalized Health, Gaming and Film. Victory Square has a proven process for identifying game-changing entrepreneurs and providing them with the partners, mentorship and support necessary to accelerate their growth and help them scale globally. For more information, please visit www.VictorySquare.com
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