2021 unaudited Net Asset Value (“NAV”) increased to $102,269,229 from $51,258,000 in 2020
VANCOUVER, British Columbia, June 03, 2022 (GLOBE NEWSWIRE) -- Victory Square Technologies Inc. (“Victory Square” or the “Company”) (CSE:VST) (OTC:VSQTF) (FWB:6F6), a company that provides VC Investment access to a diverse portfolio of next generation technology companies within an audited, transparent and liquid investment vehicle, announces it has filed its its Audited Annual Consolidated Financial Statements for the year ended December 31st, 2021 along with its Management Discussion and Analysis (MD&A) on Friday, June 3rd, 2022.
The decline in the capital markets over the past 12 months has been brutal, volatility on the major indexes, inflation worries, rate hikes, and the Russia-Ukraine Crisis have created a lot of uncertainty about what lies ahead for many. Although uncertainty abounds domestically and globally, opportunity also abounds for investors — the challenges ahead are plain to see and, in many respects, timeless: health and safety, the desire to communicate and play, the need to eat and work and thrive. And, Victory Square has built a portfolio full of phenomenal companies finding creative new ways to solve these timeless needs.
We’ve been very fortunate to have such a passionate, supportive and vocal shareholder base. And, we understand how frustrating the share price decline must be for our shareholders. Despite the share price decline though, Victory Square the company is in a stronger position now than at any time in its past.
We’ve seen significant growth in our portfolio companies, spin-offs, exits, M&A, share dividends, we’ve built a new pipeline of opportunities and most importantly our unaudited NAV has grown from $51 Million at the end of 2020 to $102 Million at the end of 2021.
- Shafin Diamond Tejani, CEO of Victory Square Technologies
2021 Recap:
2021 was a year of continued growth and new opportunities for Victory Square.
Financial Highlights:
Spin-Offs:
Exits:
Acquisition & Investments:
Portfolio
| Company Name | Vertical | ||
| Fansunite Entertainment Inc. | Sports Betting, Gaming and Esports | ||
| GameOn Entertainment Technologies Inc. | Gaming, NFTs, Play to Earn | ||
| XR Immersive Technologies Inc. | VR, AR, Metaverse, Web3 | ||
| Stardust Solar Technologies Inc. | Solar Energy, Renewables, EV Charging | ||
| VS Digital Health Inc. | Digital Health, Online Pharmacy, Diagnostic Testing | ||
| IV Hydreight Inc. | Digital Health, Online Pharmacy | ||
| Cassia Research Inc. (dba CoPilot AI) | AI Technology, Automation | ||
| Shop and Shout Ltd (dba Creator.co) | Creator Economy, Web3, NFTs | ||
| Victory Square Health Inc. | Diagnostic Testing, Digital Health | ||
| Turnium Technology Group Inc. | Software defined wide area network platforms | ||
| Next Decentrum Technologies Inc. | Web3, Blockchain, NFTs | ||
| Cloud Nine Web3 Technologies Inc. | Web3, EdTech, Metaverse | ||
| Cloud Benefit Solutions Inc. (dba Cloud Advisors) | Insurance tech | ||
| Franchise Global Health Inc. | Cannabis | ||
| Grow Academy Technologies Inc. | Plant Based Science | ||
| MLVX Technologies Inc. (dba Metaspectral) | Artificial intelligence (AI) and Machine Learning (ML) | ||
| Howyl Ventures Inc. (dba Capaciti) | Web3, Future of Work | ||
| PayVida Solutions Inc. | Fintech | ||
| Flo Digital Inc. | VR, AR, Metaverse | ||
| Victory Entertainment Inc. | Film, TV, Digital Content | ||
| PDL USA Inc. | Custom software development | ||
| Draft Label Technologies Inc | Custom software development | ||
| VS Blockchain Assembly Inc. | Web3, Blockchain | ||
| BlockX Capital Corp. | Web3, Blockchain, DeFi | ||
| CQT Token | Web3, Blockchain, DeFi | ||
| *Victory Square Technologies portfolio as of December 31, 2021 | |||
The success of Victory Square is anchored in the dynamic combination and synergies of people, ideas, and capital. Going forward into 2022 we are well equipped to leverage these resources to successfully build, develop and support companies in the global technology sector with the objective of creating long-term value for Victory Square, its network of companies and its shareholders.
Ultimately, Victory Square’s team is committed to incubating and building a new breed of companies set to become the next decade’s technology giants. Thank you for your ongoing support of our vision. We are committed to nothing short of excellence in the weeks, months and years ahead.
Previous corporate updates in 2021 can be viewed below:
Victory Square Technologies CEO Issues Future Forecast Letter to Shareholders
Victory Square Technologies Provides Corporate Update as at March 17, 2021
Victory Square Technologies Provides Corporate Update as at May 31, 2021
Victory Square Technologies Provides Corporate Update as at August 17, 2021
Victory Square Technologies Provides Corporate Update as at December 9, 2021
Check out VictorySquare.com and sign up to VST’s official newsletter at www.VictorySquare.com/newsletter.
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
Use of Non-GAAP Financial Measures:
This release contains references to NAV which is a non-GAAP financial measure. NAV is calculated as the value of total assets. The term NAV does not have any standardized meaning according to GAAP and therefore may not be comparable to similar measures presented by other companies. There is no comparable GAAP financial measure presented in Victory Square Technologies Inc. consolidated financial statements and thus no applicable quantitative reconciliation for such non-GAAP financial measure. The Company believes that the measure provides information useful to its shareholders in understanding the Company’s performance, and may assist in the evaluation of the Company’s business relative to that of its peers. This data is furnished to provide additional information and does not have any standardized meaning prescribed by GAAP. Accordingly, it should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP, and is not necessarily indicative of other metrics presented in accordance with GAAP. Existing NAV of the Company is not necessarily predictive of the Company’s future performance or the NAV of the Company as at any future date.
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 early-stage access to the next unicorns before they’re unicorns. Our portfolio represents a uniquely liquid and secure way for investors to get access to the latest cutting-edge technologies. Because we focus on market-ready solutions that scale quickly, we’re able to provide strong and stable returns while also tapping into emerging global trends with big upsides.
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. The Company’s mandate is to assist organizations through its time, talent and treasure. The Company 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).
For more information, please visit www.victorysquare.com.
ABOUT THE CANADIAN SECURITIES EXCHANGE (CSE)
The Canadian Securities Exchange, or CSE, is operated by CNSX Markets Inc. Recognized as a stock exchange in 2004, the CSE began operations in 2003 to provide a modern and efficient alternative for companies looking to access the Canadian public capital markets.
FORWARD-LOOKING INFORMATION
This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the outlook of the business of Victory Square and its portfolio companies, including, without limitation, statements relating to future performance, execution of business strategy, future growth, business prospects and opportunities of Victory Square and its related subsidiaries and portfolio companies, including those items listed under the heading “Goals for the Next Quarter”, “2022 Outlook” and other factors beyond our control. Such forward-looking statements may, without limitation, be preceded by, followed by, or include words such as “believes”, “expects”, “to be”, “anticipates”, “estimates”, “intends”, “plans”, “continues”, “project”, “potential”, “possible”, “contemplate”, “seek”, “goal”, “objectives”, “outlook” or similar expressions, or may employ such future or conditional verbs as “may”, “might”, “will”, “could”, “should” or “would”, or may otherwise be indicated as forward-looking statements by grammatical construction, phrasing or context. All statements other than statements of historical facts contained in this news release are forward-looking statements. Forward-looking information is based on certain key expectations and assumptions made by the management of Victory Square. Although Victory Square believes that the expectations and assumptions on which such forward looking information is based are reasonable, undue reliance should not be placed on them because Victory Square can give no assurance that they will prove to be correct. Although Victory Square believes that the expectations reflected in forward-looking statements in this press release are reasonable, such forward-looking statements has been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Victory Square’s control, including, but not limited to, the risk factors discussed in the continuous disclosure materials of the Victory Square which are available under the Victory Square’s profile on SEDAR at www.sedar.com. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement and are made as of the date hereof. Actual results and developments may differ materially from those contemplated by these statements. The statements contained in this news release are made as of the date of this news release. Victory Square disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

New offering keeps investors, analysts, employees, and the media connected to critical ESG efforts
ISLANDIA, N.Y., June 03, 2022 (GLOBE NEWSWIRE) -- Intrado Corporation, a global leader in technology-enabled services, announced today that its Notified business segment has enhanced its Environmental, Social, and Governance (“ESG”) solutions. Notified’s new suite of complementary solutions helps investor relations and public relations professionals tell their company’s sustainability story, keeping stakeholders connected to corporate ESG efforts and achievements.
Notified's ESG communications bundle includes:
Notified provides additional solutions to support ESG communications, including media monitoring, reputation audit reports, and a governance hotline. Through a strategic partnership with Nasdaq, Notified offers Nasdaq OneReport software that is purpose-built for ESG and simplifies the process of data capture, engagement, oversight, assurance, and disclosure. Nasdaq OneReport data can be seamlessly integrated into a Notified ESG microsite, clearly communicating information to stakeholders without the need to scroll through a larger ESG report.
“ESG communications are a critical priority, especially as the U.S. and Europe advance proposed regulations that may require sustainability disclosures for publicly traded companies,” said Ben Chodor, president, Notified. “Notified’s ESG solutions help both public and private companies clearly and comprehensively communicate their efforts, and effectively navigate the evolving regulatory environment.”
A Media Snippet accompanying this announcement is available by clicking on the image or link below:
Notified will be showcasing its Investor Relations Cloud and ESG communications bundle at the NIRI 2022 Annual Conference in Boston on June 5-7 at booth 16.
To learn more about Notified’s ESG communications solutions, please visit: www.notified.com/IR-web/ESG-communications-solutions.
About Intrado Corporation
Intrado Corporation is an innovative, cloud-based, global technology partner to clients around the world. Our solutions connect people and organizations at the right time and in the right ways, making those mission-critical connections more relevant, engaging, and actionable - turning Information to Insight.
Intrado has sales and/or operations in the United States, Canada, Europe, the Middle East, Asia Pacific, Latin America, and South America. Intrado is controlled by affiliates of certain funds managed by Apollo Global Management, Inc. (NYSE: APO). For more information, please call 1-800-841-9000 or visit www.intrado.com.
Contact
Dave Pleiss
Investor and Public Relations
DMPleiss@intrado.com
402-716-6578

TORONTO, June 02, 2022 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) today announced the release of its integrated annual and sustainability report (“Annual Sustainability Report”). The Annual Sustainability Report provides transparency and progress on key accomplishments and initiatives in 2021 along with goals for the upcoming year and long-term future. Hudbay believes global demand for the metals that it mines continues to rise alongside the need for green technology that will play an essential role in meeting the challenge of climate change.
“Environmental, social and governance (ESG) considerations have always been fundamental to our business; it’s not new for us,” said Peter Kukielski, Hudbay’s President and Chief Executive Officer. “Throughout 2021, we continued to successfully navigate through the COVID-19 pandemic, maintaining continuous operations at all sites. We look at 2021 as a year of execution and achievement, after making significant investments in exploration, development and productivity improvements. We are now at an inflection point where our stakeholders can reap the rewards of growing production and cash flow while we continue to advance our “triple A” organic copper growth pipeline. It is a tremendously exciting time for Hudbay, and I look forward to achieving our many sustainability and growth goals in 2022.”
Though Hudbay is proud of its achievements in 2021, the company has set targets for 2022 to further the path of continuous improvement. In health and safety, the company aims to match or improve on its three-year total recordable injury frequency average of 1.4. In Peru, Hudbay will strive to avoid operational shutdowns due to community/political activity and complete exploration agreements to enable land access at regional deposits near the Peru operations. The company is adopting Scope 1 and Scope 2 emissions targets intended to achieve a 50% GHG reduction by 2030 and its intention to be net zero by 2050. The company is also designing the Copper World project in Arizona in compliance with 2030 and 2050 GHG objectives. To ensure Hudbay is up to date with leading governance policies, the company is completing a comprehensive review/update of global anti-bribery and corruption compliance program.
Details of the company’s annual and sustainability results can be found on Hudbay’s website at: https://hudbayminerals.com/disclosure-centre/default.aspx and the full Annual Sustainability Report can be downloaded here.
Forward-Looking Information
This news release contains forward-looking information within the meaning of applicable Canadian and United States securities legislation. All information contained in this news release, other than statements of current and historical fact, is forward-looking information. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “budget”, “guidance”, “scheduled”, “estimates”, “forecasts”, “strategy”, “target”, “intends”, “objective”, “goal”, “understands”, “anticipates” and “believes” (and variations of these or similar words) and statements that certain actions, events or results “may”, “could”, “would”, “should”, “might” “occur” or “be achieved” or “will be taken” (and variations of these or similar expressions). All of the forward-looking information in this news release is qualified by this cautionary note. Forward-looking information is not, and cannot be, a guarantee of future results or events. Forward-looking information is based on, among other things, opinions, assumptions, estimates and analyses that, while considered reasonable by the company at the date the forward-looking information is provided, inherently are subject to significant risks, uncertainties, contingencies and other factors that may cause actual results and events to be materially different from those expressed or implied by the forward-looking information. The risks, uncertainties, contingencies and other factors that may cause actual results to differ materially from those expressed or implied by the forward-looking information are described under the heading “Risk Factors” in the company’s most recent annual information form for the year ended December 31, 2021 and its management’s discussion and analysis for the three months ended March 31, 2022. Should one or more risk, uncertainty, contingency or other factor materialize or should any factor or assumption prove incorrect, actual results could vary materially from those expressed or implied in the forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. Hudbay does not assume any obligation to update or revise any forward-looking information after the date of this news release or to explain any material difference between subsequent actual events and any forward-looking information, except as required by applicable law.
About Hudbay
Hudbay (TSX, NYSE: HBM) is a diversified mining company primarily producing copper concentrate (containing copper, gold and silver), zinc metal and silver/gold doré. Directly and through its subsidiaries, Hudbay owns three polymetallic mines, four ore concentrators and a zinc production facility in northern Manitoba and Saskatchewan (Canada) and Cusco (Peru), and copper projects in Arizona and Nevada (United States). The company’s growth strategy is focused on the exploration, development, operation and optimization of properties it already controls, as well as other mineral assets it may acquire that fit its strategic criteria. Hudbay’s mission is to create sustainable value through the acquisition, development and operation of high-quality, long-life deposits with exploration potential in jurisdictions that support responsible mining, and to see the regions and communities in which the company operates benefit from its presence. The company is governed by the Canada Business Corporations Act and its shares are listed under the symbol "HBM" on the Toronto Stock Exchange, New York Stock Exchange and Bolsa de Valores de Lima. Further information about Hudbay can be found on www.hudbay.com.
For investor and media inquiries, please contact:
Candace Brûlé
Vice President, Investor Relations
(416) 814-4387
candace.brule@hudbay.com

ATHENS, Greece, June 02, 2022 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (the “Company”), a global shipping company specializing in the ownership of tanker vessels, today announced the release of its second Sustainability Report (the “Report”), highlighting how the Company addresses Environmental, Social and Governance (“ESG”) issues as part of its ongoing effort to increase transparency and accountability. The Report, which covers the full year 2021 and is developed around the UN Sustainable Development Goals (“UN SDGs”) and in accordance with the Global Reporting Initiative Standards, outlines the Company’s commitments and efforts toward building strong corporate governance and to operating sustainably and responsibly.
The Report is available on the Company’s website.
About the Company
Performance Shipping Inc. is a global provider of shipping transportation services through its ownership of Aframax tankers. The Company’s current fleet is employed on spot voyages and through pool arrangements.
Cautionary Statement Regarding Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include, but are not limited to, statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.
The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “will,” “may,” “should,” “expect,” “targets,” “likely,” “would,” “could,” “seeks,” “continue,” “possible,” “might,” “pending” and similar expressions, terms or phrases may identify forward-looking statements.
The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including, without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.
In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include, but are not limited to: the strength of world economies, fluctuations in currencies and interest rates, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in the tanker shipping industry, changes in the supply of vessels, changes in worldwide oil production and consumption and storage, changes in our operating expenses, including bunker prices, crew costs, drydocking and insurance costs, our future operating or financial results, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, the length and severity of epidemics and pandemics, including the ongoing outbreak of the novel coronavirus (COVID-19) and its impact on the demand for seaborne transportation of petroleum and other types of products, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions or events, including “trade wars”, armed conflicts including the war in Ukraine, the imposition of new international sanctions, acts by terrorists or acts of piracy on ocean-going vessels, potential disruption of shipping routes due to accidents, labor disputes or political events, vessel breakdowns and instances of off-hires and other important factors. Please see our filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.
Website: www.pshipping.com
CONTACT: Corporate Contact: Andreas Michalopoulos Chief Executive Officer, Director and Secretary Telephone: +30-216-600-2400 Email: amichalopoulos@pshipping.com Website: www.pshipping.comInvestor and Media Relations: Edward Nebb Comm-Counsellors, LLC Telephone: + 1-203-972-8350 Email: enebb@optonline.net

Highlights Company’s Commitment to ESG and Progress on CSR initiatives
Alignment with United Nations Sustainability Development Goals and Sustainability Accounting Standards Board (SASB) Reporting Framework Continues
FLORHAM PARK, N.J., June 02, 2022 (GLOBE NEWSWIRE) -- Conduent Incorporated (Nasdaq: CNDT), a business process services and solutions company, today published its 2021 Corporate Social Responsibility (CSR) report, which highlights the company’s continued progress in conducting business ethically, responsibly, and sustainably, while advancing its strategic Environmental, Social and Governance initiatives.
“Conduent’s CSR accomplishments are a testament to not only our strong and inclusive culture, but also who we are and how we operate around the globe to better serve our stakeholders,” said Cliff Skelton, Conduent President and Chief Executive Officer. “Thanks to the hard work of our associates, we advanced our ESG initiatives while also modeling ethical behavior throughout our company. We strive to protect our planet, support our associates and communities, make a difference for millions of people through our solutions and responsibly govern our business.”
Conduent’s 2021 CSR report highlights our commitments and progress, including:
In 2021, the company expanded its ESG disclosures to include enhanced reporting aligned with the Task Force on Climate Related Financial Disclosures (TCFD) Governance and Strategy Recommendations.
Conduent also continues its adherence to the Sustainability Accounting Standards Board (SASB) framework, an independent standards-setting organization for sustainability disclosures, and remains aligned with five of the United Nations’ Sustainable Development Goals (SDGs) that support its associates and their communities as well as its clients’ end users: No Poverty; Zero Hunger; Good Health and Wellbeing; Sustainable Cities and Communities; Decent Work and Economic Growth.
To access the complete Conduent 2021 Corporate Social Responsibility Report, visit conduent.com/corporate-social-responsibility.
About Conduent
Conduent delivers mission-critical services and solutions on behalf of businesses and governments – creating exceptional outcomes for its clients and the millions of people who count on them. Through our dedicated people, processes, and technologies, Conduent solutions and services enhance customer experience, increase efficiencies, reduce costs, and improve performance for most Fortune 100 companies and more than 500 government entities. Whether it’s touching three out of every four health insured lives and delivering 45% of SNAP payments in the U.S. or enabling 1.3 billion customer service interactions and empowering 10 million employees through HR services worldwide, Conduent services and solutions interact with millions of people every day and move our clients’ operations forward. Learn more at https://www.conduent.com.
Media Contacts:
Sean Collins, Conduent, +1-310-497-9205, sean.collins2@conduent.com
Investor Relations Contact:
Giles Goodburn, Conduent, +1-203-216-3546, ir@conduent.com
Note: To receive RSS news feeds, visit www.news.conduent.com. For open commentary, industry perspectives, and views, visit http://twitter.com/Conduent, http://www.linkedin.com/company/conduent or http://www.facebook.com/Conduent.
Trademarks
Conduent is a trademark of Conduent Incorporated in the United States and/or other countries. Other names may be trademarks of their respective owners.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/e1f9ec68-c6ad-4bf8-96e1-20bb419810cc
https://www.globenewswire.com/NewsRoom/AttachmentNg/511b56c5-a67b-475f-96ca-462574f4b2fc
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