VIS:CC - Visionstate's WANDA(TM) Expands to Equipment Tracking Sales Queue Grows to More Than 100 Companies

(TheNewswire)

Edmonton, Alberta – TheNewswire - October 31, 2022 – Visionstate Corp. (TSXV:VIS) (OTC:VSSSF) (“Visionstate” or the “Company”) is pleased toannounce significant growth in the deployment and interest in theCompany’s WANDA™ technology, an IoT (Internet of Things) application designed to trackcleaning and maintenance protocols in public facilities.

In the previous quarter, the Company installed itstechnology in several new locations, including shopping malls, Class“A” office buildings, casinos, and municipalities. The demand for WANDA™ is steadilyincreasing as facility management moves toward digitalization tocapture key analytics on its operations.

“Ever since the COVID lockdowns ended we have seen adramatic rise in interest for the WANDA™ platform,” explained ShannonMoore, Director of Sales and Marketing for Visionstate IoT Inc.“Building operators are turning to technology to track cleaning andmaintenance activities to increase operational efficiencies and toprovide a safer environment for the public.”

“Currently we are dealing with a list of more than100 companies that are interested in implementing our WANDA™ platform,” she explained.“This includes everything from large retailers tomunicipalities.”

Part of the increase in demand is due to the expansionof WANDA™ ’scapabilities. Originally, WANDA™ was designed to track cleaning and maintenance in restrooms. Using QR codes and its mobile app, WANDA™ is now able to track assetsand inventory in addition to cleaning and maintenance protocols.

Visionstate recently implemented WANDA™ at a major Canadian-basedhospital to track high-value assets such as wheelchairs and gurneys.Not only can WANDA™ track asset usage, but also the history of the cleaning andmaintenance schedules, all at a fingertip.

“WandaMOBILE makes it easy to track high-value assetsand inventory,” Moore explained. “The additional benefit is thatbuilding managers also have access to the cleaning history, which isparticularly important in the hospital environment.”

WANDA™ is based on asubscription model, or software as a service, making it easy andaffordable to implement. Visionstate charges customers an activationfee based on the number of users. As the size of the customer grows,the number of activations grows with it.

“Executing on our current customer list representsthe potential for several million in residual, booked revenue,” saidMoore. “Our goal is to acquire new customers quickly to build ourresidual income base.”

About Visionstate Corp.

Visionstate Corp. (TSXV: VIS) is a growth-orientedcompany that invests in the research and development of promising newtechnology in the realm of the Internet of Things, big data andanalytics, and sustainability. Through Visionstate Inc., it helpsbusinesses improve operational efficiencies, reduce costs and elevatecustomer satisfaction with its state-of-the-art devices that track andmonitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shoppingcentres and other public facilities across and beyond North America.Through building up a collection of synergistictechnologies, Visionstate Corp. will continue to innovate, reduceenvironmental impact and transform consumer experiences.

Issued on behalf of the Board of Directors,

“John A. Putters”

Visionstate Corp.

Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.

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