Vsblty Groupe has no material changes

Vsblty Groupe Technologies Corp (C:VSBY) 
Shares Issued 246,627,408
Last Close 5/17/2023 $0.125
Wednesday May 17 2023 - News Release

Mr. Jay Hutton reports

VSBLTY PROVIDES BI-WEEKLY STATUS UPDATE

Vsblty Groupe Technologies Corp. has provided this biweekly status report of its management cease trade order in accordance with National Policy 12-203, Management Cease Trade Orders. As described in the Company's news release on May 3, 2023, the filing of its annual financial statements for the year ended December 31, 2022, including the related management discussion and analysis, and CEO and CFO certifications (collectively, the "Annual Financial Filings") were not filed by the required filing deadline. 

The Company confirms that there are no changes from its news release dated May 3, 2023. The Company is working on the steps required to complete the Annual Financial Filings and continues to expect to be able to file the Annual Financial Filings by May 31, 2023. The Company will provide updates as further information relating to the Annual Financial Filings becomes available. The Company has applied to the applicable securities regulatory authorities and received a management cease trade order ("MCTO") imposed against the Chief Executive Officer and Chief Financial Officer of the Company precluding them from trading securities of the Company. The MCTO will be in effect until the Annual Financial Filings are filed and requires that the Annual Financial Filings be filed on or before June June 30, 2023.

Until the Annual Financial Filings are filed, the Company intends to issue bi-weekly default status reports in accordance with National Policy 12-203 - Management Cease Trade Orders. The Company intends to satisfy the provisions of the Alternative Information Guidelines during the period it remains in default of the filing requirements. The Company confirms that there is no other material information relating to its affairs that has not been generally disclosed.

About VSBLTY (http://vsblty.net/)

Headquartered in Philadelphia, VSBLTY (OTCQB: VSBGF) (CSE: VSBY) (Frankfurt: 5VS) (OTC: VSBGF) ("VSBLTY") is the world leader in Proactive Digital Display(TM), which transforms retail and public spaces as well as place-based media networks with SaaS-based audience measurement and security software that uses artificial intelligence and machine learning. Its proprietary technology effectively integrates with other digital retail solutions, including QR codes and mobile applications. The firm is also recognized for its leadership role in the growing Store as a Medium movement that enables brands to reach customers when and where buying decisions are being made while producing a new revenue stream for retailers.

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