Brief: Glimpse Group Inc Are In Process Of Realigning Subsidiary Companies

Brightline Interactive

28/09/2023 22:58

Sept 28 (Reuters) - Glimpse Group Inc  VRAR.O :
    * GLIMPSE GROUP INC- ARE IN PROCESS OF REALIGNING OUR
SUBSIDIARY
COMPANIES AROUND THREE CORE ENTITIES: BLI, QREAL AND S5D
    * GLIMPSE GROUP-  TRANSITION WILL REQUIRE GLIMPSE TO
RESTRUCTURE
INTERNALLY, INVEST IN DEVELOPING NEW TECHNOLOGIES WHILE
CONTINUING TO CUT LEGACY COSTS
    * GLIMPSE GROUP INC- SHORT TERM IMPACT MAY INCLUDE  DECLINE
IN
REVENUES AS WE TRANSITION FROM PREDOMINANTLY PROJECT DRIVEN
REVENUES
    * GLIMPSE GROUP- WILL EXPLORE VARIOUS STRATEGIC ALTERNATIVES
FOR
UNIT COMPANIES INCLUDING RAISING CAPITAL INTO THEM, SPINNING
THEM OUT, SELLING THEM


Further company coverage:  VRAR.O 

 ((Reuters.Briefs@thomsonreuters.com;))