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VSBLTY Announces Letter of Intent for Proposed Joint Venture with Burkhan Capital and BPIH

2026-04-01 05:30 ET - News Release

(via TheNewswire)

VSBLTY Groupe Technologies Corp.

PHILADELPHIA, PA – TheNewswire - April 01, 2026 – VSBLTY Groupe Technologies Corp. (OTC: VSBGF) (CSE: VSBY) (Frankfurt: 5VS) (“VSBLTY” or the “Company”), a software provider of AI-driven computer vision security and analytics technology, today announced that it has entered into a Letter of Intent (“LOI”) with Burkhan Capital Inc. (“Burkhan”) and Business Platform Investment Holding Company (“BPIH”) , a Saudi Arabian company, to explore the formation of a strategic joint venture focused on technology deployment and infrastructure initiatives in the Kingdom of Saudi Arabia and certain surrounding markets.

The proposed joint venture would restructure VSBLTY’s existing Saudi-related operations into a newly formed entity based in the Kingdom of Saudi Arabia. The parties intend that the joint venture would combine their respective strategic, operational, and regional capabilities to pursue opportunities involving AI-enabled security systems, data center infrastructure, computer vision, data fusion software deployments, and related technology infrastructure projects in the region.

Under the preliminary terms outlined in the LOI, the parties intend that the proposed joint venture would be owned equally by VSBLTY, Burkhan Capital, and BPIH , with each party holding a 33.3% interest , subject to the negotiation and execution of definitive agreements and the satisfaction of certain conditions.

As contemplated in the LOI:

  • VSBLTY would contribute certain Saudi-related business operations and provide access to its software platforms and related technology capabilities to support the joint venture’s activities in the region.  

  • Burkhan Capital would assist in pursuing strategic development opportunities, including facilitating access to potential project opportunities, capital sources, and regional partnerships.  

  • BPIH would support local engagement and assist with regional relationships, project facilitation, and operational coordination in Saudi Arabia.  

The LOI also contemplates that VSBLTY would license certain of its software products and services to the proposed joint venture for deployment within a defined regional territory, subject to the terms of future definitive agreements.

Executive Commentary

Shahal Khan , CEO of Burkhan Capital Inc., commented:

“Burkhan seeks to work with technology companies that are developing solutions relevant to next-generation infrastructure and security needs. We believe VSBLTY’s computer vision, data fusion and analytics capabilities provide a strong foundation for potential projects in the region in data center, defense and enterprise markets.  We look forward to exploring opportunities together with VSBLTY and BPIH.”

Jay Hutton , Co-Founder and CEO of VSBLTY, said:

“This Letter of Intent represents an important step in expanding our strategic relationships in the Middle East. Saudi Arabia and the broader Gulf region are investing heavily in advanced technologies and infrastructure, and we believe collaboration with Burkhan Capital and BPIH may provide a framework for pursuing opportunities where our software platforms can be deployed effectively.

Next Steps

The parties intend to work toward negotiating and executing definitive agreements relating to the formation and governance of the proposed joint venture, including a shareholders’ agreement and related transaction documentation.

There can be no assurance that definitive agreements will be entered into or that the proposed joint venture will be completed on the terms described in the LOI, or at all.

About VSBLTY

VSBLTY Groupe Technologies Corp. is a software provider of AI-driven computer vision solutions that transform retail and public spaces into intelligent environments. Using advanced analytics and edge computing, VSBLTY’s technology enables real-time data insights that enhance security, safety, and audience engagement.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include statements regarding the proposed joint venture and potential collaboration between the parties. These statements are based on current expectations and assumptions and are subject to risks and uncertainties. Actual results may differ materially from those expressed or implied in such forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. VSBLTY undertakes no obligation to update forward-looking statements except as required by law.

For Further Information:

 

VSBLTY Groupe Technologies Corp.

Linda Rosanio, Chief Commercial Officer and Co-Founder

Email: lrosanio@vsblty.net

Web: www.vsblty.net

 

Investor Relations:

Harbor Access

Jonathan Paterson

Tel: 475-477-9401


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