Subject: VSBLTY GROUPE TECHNOLOGIES CORP.
PDF Document
File: Attachment #9_050124_Delay In Filing.pdf
VSBLTY ANNOUNCES DELAY IN FILING ANNUAL FINANCIAL STATEMENTS
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
PHILADELPHIA, PA., May 1, 2024 --VSBLTY Groupe Technologies Corp. (the "Company" or "VSBLTY")
(OTCQB: VSBGF) (CSE: VSBY) (Frankfurt 5VS), a leading software provider of security and retail analytics
technology, announces that its annual financial statements for the year ended December 31, 2023, including
the related management discussion and analysis, and CEO and CFO certifications (collectively, the "Annual
Financial Filings") were not filed by the required filing deadline of April 29, 2024 (the "Filing Deadline").
The Company's auditors require additional time to complete their audit due to certain complex transactions
that the Company entered into during the 2023 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 30, 2024. 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
28, 2024.
Until the Annual Financial Filings are filed, the Company intends to issue bi-weekly 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.
On Behalf of the Board of VSBLTY Groupe Technologies Corp.
"Jay Hutton"
CEO & Director
Investor Relations
Harbor Access
Jonathan Paterson, 475-477-9401
Jonathan.Paterson@Harbor-Access.com
Graham Farrell, +1-416-842-9003
Graham.Farrell@Harbor-Access.com
CONTACT: Linda Rosanio, 609-472-0877
lrosanio@vsblty.net
About VSBLTY (http://vsblty.net/)
Headquartered in Philadelphia, VSBLTY (OTCQB: VSBGF) (CSE: VSBY) (Frankfurt: 5VS) (OTC: VSBGF)
("VSBLTY") is the world leader in Proactive Digital DisplayTM, which transforms retail and public spaces as
well as place-based media networks with SaaS-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 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.
FORWARD LOOKING INFORMATION STATEMENT
This news release includes certain "forward-looking statements" under applicable Canadian securities
legislation. Forward looking statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties,
and other factors which may cause the actual results and future events to differ materially from those
expressed or implied by such forward-looking statements. All statements that address future plans,
activities, events or developments that the Company believes, expects or anticipates will or may occur
including the Company's anticipated pipeline and value of current and customer deployments and future
opportunities are the management's best estimates and cannot be guaranteed or relied upon and is
forward-looking information. There can be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking statements. The Company
disclaims any intention or obligation to update or revise any forward-looking statements in this news
release, whether as a result of new information, future events or otherwise, except as required by law.
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