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VS - Versus Systems Inc News Story

C$12.65 0.2  1.2%

Last Trade - 25/02/21

Sector
Technology
Size
Small Cap
Market Cap £61.9m
Enterprise Value £61.7m
Revenue £803k
Position in Universe 842nd / 2707

Versus Systems Partners With Xcite Interactive to Bring Patented Rewards Platform to Television and Streaming

Wed 17th February, 2021 1:00pm
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Versus brings its real-world prizing software to live events, partnering with
the company that powers interactive experiences for over 50% of NFL, MLB, NHL,
and NBA teams

LOS ANGELES, Feb. 17, 2021 (GLOBE NEWSWIRE) -- Versus Systems Inc.
(“Versus”) (Nasdaq: VS) (CSE:VS) (FRANKFURT:BMVB) today announced a
partnership agreement with Xcite Interactive (“Xcite”), a world leader in
interactive audience engagement. Audiences will be able to win real-world
prizes while watching sports, playing mobile games, and watching streams on
their TVs and mobile devices.

Xcite’s technology has powered interactive media experiences for major
sports leagues like the NFL, NBA, NHL MLB, and NCAA, as well as events like
the Olympics, the World Cup, X-Games, Formula1, and corporate events around
the world. The interactive media platform has delivered experiential fan
engagement for over 150 major sports teams and innovative entertainment
partners, broadcasting on television, on OTT services, on custom websites, or
on streaming platforms like YouTube and Twitch.

Under the partnership agreement, Versus will provide its patented rewards
technology for use in both at-home and in-venue projects with Xcite, allowing
fans to earn real prizes through Xcite’s platform, which includes
gamification through voting, polling, trivia, predictive gaming, and
mini-games that fans can play alongside the live event experience.

“Being able to earn real-world rewards while watching your favorite team
play is a dream benefit for sports fans worldwide. Working with Xcite to bring
prizes to fans in the stadium, and at home, is a fantastic application of our
reward platform,” said Matthew Pierce, CEO of Versus Systems. “And it’s
not just audiences that win. Brands will have new ways to reach audiences, and
the events themselves will have more engaged viewers. It’s a very exciting
partnership for everyone involved.”

“We believe Versus is the ideal technology partner for Xcite,” said Sean
Hopkins, Founder and CEO of Xcite Interactive. “Our robust relationships
with teams, venues, leagues, and event promoters gives us access to a huge and
growing audience of fans, and the Versus Systems technology will enable our
event partners to significantly enhance the level of fan engagement.”

About Xcite Interactive                 

Xcite Interactive is a global leader engaging online audiences at scale; we
make every event more fun and profitable. Our cloud-scale web services
platform brings the latest technology for gamification, content interaction
and intelligence. We bring “audience expression” to another level and
offer actionable moments for sponsors. You'll find our technology empowering
the NFL, NBA, NHL and MLB, Olympics, World Cup, X-Games, Formula1 and
corporate events around the globe. For more information, visit
www.xcitelive.com.

For Xcite Interactive, contact:
JR Reichl
jreichl@xcitelive.com 
800-464-9445
xcitelive.com
(https://www.globenewswire.com/Tracker?data=fHTL10mSHwpvxn2ggPPYwbRt9KitFGpmX_ER0Hu2rGoK2XdibAdizQ6eNVlPf36Kxzh6UvxAwMfqbiUUXUxSrA==)

About Versus Systems

Versus Systems Inc. has developed a proprietary in-game prizing and promotions
engine that allows publishers, developers, and creators of games, apps, and
other interactive media content to offer real world prizes inside their
content. Players, viewers and users can choose from among the offered prizes
and then complete in-game or in-app challenges to win the prizes. The Versus
platform can be integrated into mobile, console, and PC games, as well as
streaming media and mobile apps. For more information, please visit
www.versussystems.com or visit the official Versus Systems YouTube channel
(https://www.globenewswire.com/Tracker?data=ynQgung7teEXn7DfdUUG6By3LpfKpq0CoKvaXNWSQE26_qG4jYf-W1s2TN9mUJtqHWYtE6g2pOiqcfUwNBdiY-3wxOxjP5tzgDxPaP71WiAH8bWVlK75Mj0zh5YvkVCY).

For Versus Systems, contact:
Cody Slach, Sean McGowan
Gateway Investor Relations
949-574-3860
VS@gatewayir.com 
or
press@versussystems.com 

Disclaimer for Forward-Looking Information 

This news release contains certain forward-looking information and
forward-looking statements within the meaning of the applicable Canadian
securities legislation. All statements, other than statements of historical
fact, are forward looking statements and are based on expectations, estimates
and projections as at the date of this news release. Any statement that
involves discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions, future events or performance
(often but not always using phrases such as "expects", or "does not expect",
"is expected", "anticipates" or "does not anticipate", "plans", "budget",
"scheduled", "forecasts", "estimates", "believes" or "intends" or variations
of such words and phrases or stating that certain actions, events or results
"may" or "could", "would", "might" or "will" be taken to occur or be achieved)
are not statements of historical fact and may be forward looking statements.
In this news release, forward-looking statements relate, among other things,
to the inclusion of Versus’ proprietary rewards platform in the healthcare
vertical under the agreement with Predictmedix, Inc. and the potential of
improving healthcare outcomes through Versus’ IP by providing more complete
trial data. These forward-looking statements are based on reasonable
assumptions and estimates of management of the Company at the time such
statements were made. Actual future results may differ materially as
forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements
of the Company to materially differ from any future results, performance or
achievements expressed or implied by such forward-looking statements. Although
the forward-looking statements contained in this news release are based upon
what management of the Company believes, or believed at the time, to be
reasonable assumptions, the Company cannot assure shareholders that actual
results will be consistent with such forward-looking statements, as there may
be other factors that cause results not to be as anticipated, estimated or
intended. Accordingly, readers should not place undue reliance on
forward-looking statements and information. There can be no assurance that
forward-looking information, or the material factors or assumptions used to
develop such forward-looking information, will prove to be accurate. The
Company does not undertake any obligations to release publicly any revisions
for updating any voluntary forward-looking statements, except as required by
applicable law. 

The Canadian Securities Exchange does not accept responsibility for the
adequacy or accuracy of this press release.

(https://www.globenewswire.com/NewsRoom/AttachmentNg/9160e051-5a55-4ed0-beaf-c5512cc642fa)



GlobeNewswire, Inc. 2021
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