Versus Systems Signs First Television Contract for New Team-Focused TV Channel
22 July 2022 - 9:00PM
Versus Systems Inc. (“Versus” or the “Company”) (NASDAQ: VS) today
announced that it has signed its first contract in the Over-the-Top
(“OTT”) streaming media and TV vertical - a significant milestone
in the company’s history and a cornerstone in the company’s growth
plan. Versus plans to bring its reward-based fan engagement
technology to an OTT sports team-focused TV channel that is
expected to launch in the fourth quarter of 2022.
This announcement marks Versus first long-term foray into
television and streaming media. The multi-year agreement includes
adding interactive and second-screen elements to shows and content
connected to a new OTT channel that will launch in Q4 2022. More
information will be available as the channel begins their official
promotional push in the fall.
“Television is the future of Versus Systems. Over the next two
years, beginning with this OTT partnership that will launch in Q4,
we’re going to bring our patented fan engagement software to the
multi-hundred billion dollar AVOD and SVOD television verticals.
Sponsorships and advertising on streaming media is going to be more
personalized, more contextual, and more rewarding than traditional
linear broadcast TV ads could ever be” said Matthew Pierce, Founder
and CEO of Versus Systems. “From Netflix’s recent partnership with
Microsoft, from Disney’s upcoming AVOD service, to the Warner
Bros-Discovery merger, and to the recent partnership between
YouTube and Shopify - it’s clear that content creators and
distributors are eager to find new ways to create innovative,
rewarding connections between audiences, brands, and the content
that they love. That’s where Versus is going to succeed. We’re
bringing our best-in-class in-venue fan engagement platform to fans
at home.”
About Versus Systems
Versus Systems Inc. is an engagement and rewards company that
makes all content, from live events, to games, shows, and apps more
fun to watch and play. Versus adds interactive elements: polling,
trivia, predictive, and casual games, to existing entertainment -
whether in-venue or online - making the content more contextual,
personal, and rewarding. Versus works with world class sports
teams, leagues, venues, entertainment companies, and other content
creators to make engaging, rewarding experiences for fans all over
the world. For more information, please visit
www.versussystems.com or visit the official Versus
Systems YouTube channel.
Disclaimer for Forward-Looking
Information This news release contains certain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements, other
than statements of historical fact, are forward looking statements
and are based on expectations, estimates and projections as at the
date of this news release. Any statement that involves discussions
with respect to predictions, expectations, beliefs, plans,
projections, objectives, assumptions, future events or performance
(often but not always using phrases such as "expects", or "does not
expect", "is expected", "anticipates" or "does not anticipate",
"plans", "budget", "scheduled", "forecasts", "estimates",
"believes" or "intends" or variations of such words and phrases or
stating that certain actions, events or results "may" or "could",
"would", "might" or "will" be taken to occur or be achieved) are
not statements of historical fact and may be forward looking
statements. These forward-looking statements are based on
reasonable assumptions and estimates of management of the Company
at the time such statements were made. Actual future results may
differ materially as forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to
materially differ from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Although the forward-looking statements contained in
this news release are based upon what management of the Company
believes, or believed at the time, to be reasonable assumptions,
the Company cannot assure shareholders that actual results will be
consistent with such forward-looking statements, as there may be
other factors that cause results not to be as anticipated,
estimated or intended. Accordingly, readers should not place undue
reliance on forward-looking statements and information. There can
be no assurance that forward-looking information, or the material
factors or assumptions used to develop such forward-looking
information, will prove to be accurate. The Company does not
undertake any obligations to release publicly any revisions for
updating any voluntary forward-looking statements, except as
required by applicable law.
Investor Contact:Cody Slach and Sophie
PearsonGateway Investor
Relations949-574-3860IR@versussystems.comorpress@versussystems.com
Versus Systems (NASDAQ:VSSYW)
Historical Stock Chart
From Aug 2024 to Sep 2024
Versus Systems (NASDAQ:VSSYW)
Historical Stock Chart
From Sep 2023 to Sep 2024