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Victory Square Technologies Inc
Symbol VST
Shares Issued 97,930,700
Close 2024-01-17 C$ 0.13
Market Cap C$ 12,730,991
Recent Sedar Documents

Victory Square portfolio co. to merge with Bold

2024-01-18 12:04 ET - News Release

Mr. Shafin Tejani reports

VICTORY SQUARE RENEWABLE ENERGY PORTFOLIO COMPANY STARDUST SOLAR PROVIDES CORPORATE UPDATE

Victory Square Technologies Inc.'s portfolio company, Stardust Solar Technologies Inc., has provided a corporate update.

Founded in 2017, Stardust Solar is a leader in renewable energy education, providing CSA/NABCEP approved design and installation training with hands-on experience. Stardust Solar is also one of the first companies in North America to offer a franchise opportunity dedicated to the installation of solar PV systems.

"Stardust Solar is very excited to announce that we have signed a definitive agreement to merge with CPC BOLD TSX.V ! Furthermore, we are pleased to report we surpassed our annual revenue goal of $3M and finished the year with $3,316,502.23 CAD in revenue," said Mark Tadros, CEO of Stardust Solar.

Revenue Growth

Stardust Solar Showed a 50% YOY Revenue Growth in 2023, with $3.3M in Revenues, exceeding $3M revenue goal by 10%.

Scaleable Franchise Growth

Over 100% Growth in Product Sales & Royalties, reflecting the true growth of the primary revenue streams of the franchise business.

System-Wide Sales

80% Growth in System-Wide Sales in 2023 in Canada, also reflected by more than 80% Growth in Canadian Product Sales.

U.S. Expansion

U.S. Franchise Company Revenues increased by over 200% over the previous year.

Stardust Solar Now at 31 Franchise Territories in North America

Richmond/Delta, BC

Vancouver/Burnaby, BC

Surrey/White Rock, BC

Langley/Abbotsford, BC

Coquitlam, BC

Kamloops, BC

Edmonton, AB

Red Deer, AB

Calgary, AB

Saskatoon, SK

Sudbury, ON

Owen Sound, ON

Barrie, ON

York, ON

Region Peel, ON

Toronto, ON

Halifax, NS

P.E.I.

New Brunswick

St Johns, NFLD

Regina, SK

Kelowna, BC

Victoria, BC

Oklahoma, OK USA

Columbus/Delaware, OH USA

Quad Cities, Iowa USA (Coming Soon)

Philadelphia, PA USA (Coming Soon)

Michigan, USA (Coming Soon)

Denver, CO USA (Coming Soon)

Liberal, KS USA (Coming Soon)

Boston, MA USA (Coming Soon)

Stardust Solar University

Achieved NABCEP Accreditation of our 5-Day PV Technical Sales Training

In Development of our PV Installation Professional NABCEP Accreditation (Highest Level Offered by NABCEP for Solar Installers in USA)

In Development of our Energy Storage System Installation Training (New Accreditation Offered by NABCEP)

Please feel free to Follow Stardust on > Facebook / LinkedIn / Instagram On behalf of the Board of Directors "Shafin Diamond Tejani"

Director and Chief Executive Officer

Victory Square Technologies Inc.

www.victorysquare.com For further information about Victory Square, please contact: Investor Relations Contact - Abbey Vogt

Email: ir@victorysquare.com

Telephone: 604 283-9166 Peter Smyrniotis - Director

Telephone: 604 283-9166 Sign up to VST's official newsletter at www.VictorySquare.com/newsletter

ABOUT VICTORY SQUARE TECHNOLOGIES INC.

Victory Square (VST) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed for fast-track growth. VST's sweet spot is cutting-edge tech that's shaping the 4th Industrial Revolution. Our corporate portfolio consists of 25+ 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 your ordinary 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

For investors, we offer a liquid way to invest in some of the world's most innovative early-stage technology companies without buying a venture fund that requires accredited investor status or multi-year commitments. It also can be purchased by non-accredited investors who are restricted from buying venture funds. Our portfolio provides a uniquely liquid, and transparent way for investors to get access to the latest technologies and emerging global trends. It is an excellent way to diversify into early-stage venture.

VST invests primarily in leading edge technology, such as artificial intelligence (AI), machine learning (ML), digital health, blockchain, gaming and climate tech, which provide the potential for high growth and returns.

Victory Square integrates a strong ESG (environmental, social and corporate governance) component throughout its operations. Our portfolio highlights minority entrepreneurs, often overlooked by traditional investors, including many from developing countries. We are also dedicated to giving back to the communities in which we serve and operate. VST's mandate is to assist organizations through its time, talent and treasure. Victory Square is committed to organizations that provide services in the youth, mental health, special needs, sport, tech, education, marginalized groups, First Nations, and accessibility sectors.

VST is a publicly-traded company headquartered in Vancouver, Canada, and listed on the Canadian Securities Exchange (VST), Frankfurt Exchange (6F6) and the OTCQX (VSQTF).

We seek Safe Harbor.

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