VERSES AI (CBOE Canada: VERS) (OTCQB: VRSSF)
("
VERSES" or the "
Company"),
announces that it has been requested by OTC Markets Group Inc.
("
OTC Markets") to issue this statement about
promotional activity concerning the Company's Class A Subordinate
Voting shares (the “
Shares”) traded on the OTCQB
marketplace.
On December 19, 2023, the OTC Markets queried the Company
regarding certain promotional activities concerning the Company and
its Shares traded on the OTCQB Marketplace, including the
distribution of multiple emails and digital marketing materials
published by Winning Media LLC discussing the Company, its business
and the technology and artificial intelligence sectors generally.
The emails and the marketing materials contained information
available from publicly available online resources.
The Company was aware of the materials before they were
published. The Company engaged Winning Media LLC ("Winning
Media") beginning in January 2023 to provide advertising
and marketing services, for an online marketing campaign as well as
the coordination of marketing actions. Winning Media is a
third-party marketing and advertising firm. The Company compensated
Winning Media a total of $150,000 for services spanning the month
of December.
Winning Media utilized publicly available sources of information
for its emails and marketing materials. The Company does not
believe the statements in the marketing materials and e–mails were
materially false or misleading. The Company did not have editorial
control over the content.
After inquiry of management, other than as disclosed herein, the
Company confirms that its officers, directors or its controlling
shareholders (i.e., shareholders owning 10% or more of the
Company's securities) have not, directly or indirectly, authorized
or been involved in any way with the creation, distribution of
promotional materials related to the Company and its
securities.
Although the Company understands some of this promotional
activity coincided with increased trading activity in the Shares
beginning on December 19th, 2023, it does not believe the
promotional activities were the primary factor in any increase in
trading volume in the Shares.
After inquiry of management, no officers, directors, or
controlling shareholders or third-party service providers have sold
or purchased the Shares within the past 90 days to their
knowledge.
For clarity, in the last 12 months the Company has engaged for
various lengths of time the following third-party providers for
investor relations services, public relations services, or
marketing services related to its securities that trade on the
OTCQB and on the CBOE Canada:
Investor Relations: (i) Focus Communications IR; (ii) Brisco
Capital Partners Corp.; (iii) Integrous Communications, (iv)
Blossom Social (v) Real Creative Agency; (vi) Hybrid Capital Corp.;
(vii) Apollo Relations*, and (viii) Factory Relations*.
Public Relations & Marketing Companies: (i) Bryson Gillette
Public Relations; (ii) Triple Bull Consulting Ltd.; (iii) Emerging
Markets Consulting, LLC; (iv) Winning Media LLC; (v) EQ Analytica
Inc.*, (vi) VHLA Media Inc.*, (vii) i2i LLC*., (viii) Omni8 Media
Corp.*, (ix) CANACOM Group*, and (x) Bospar Public Relations*.
* denotes no longer active or discontinued
Other than as previously disclosed in the Company’s public
filings, the Company has not issued shares or convertible
instruments allowing conversion to equity securities at prices
constituting a discount to the current market rate at the time of
the issuance.
The Company is committed to compliance with the OTC Markets
Group policy on stock promotion and the OTCQB standards. The
Company encourages those interested in the Company to rely solely
on information included in press releases issued and distributed by
the Company through approved news wire or disclosure and news
services, combined with its filings and disclosures, as well as
information provided through the OTC Markets.
About VERSES VERSES is a cognitive
computing company specializing in biologically inspired distributed
intelligence. Our flagship offering, Genius™, is patterned after
natural systems and neuroscience. Genius™ can learn, adapt and
interact with the world. Key features of Genius™ include
generalizability, predictive queries, real-time adaptation and an
automated computing network. Built on open standards, Genius™
transforms disparate data into knowledge models that foster
trustworthy collaboration between humans, machines and AI across
digital and physical domains. Imagine a smarter world that elevates
human potential through innovations inspired by nature.
On behalf of the Company Gabriel René, Founder
& CEO, VERSES AI Inc. Eric Holder, Director of Communications,
VERSES AI Inc. press@verses.aiEmily Schwarts, Bryson Gillette PR,
versespress@brysongillette.com
Investor Relations Inquiries U.S., Matthew
Selinger, Partner, Integrous Communications, mselinger@integcom.us
(415-572-8152) Canada, Leo Karabelas, President, Focus
Communications, info@fcir.ca (416-543-3120)
The NEO has not reviewed or approved this press release for the
adequacy or accuracy of its contents.
Grafico Azioni Proshares Metaverse ETF (AMEX:VERS)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Proshares Metaverse ETF (AMEX:VERS)
Storico
Da Gen 2024 a Gen 2025