VANCOUVER, British Columbia, Aug. 09, 2022 (GLOBE NEWSWIRE) — Victory Square Technologies Inc. (“Victory Square” or the “Company”) (CSE: VST) (OTC: VSQTF) (FWB: 6F6), a company that provides VC Investment with access to a diverse portfolio of next-generation technology companies within an audited, transparent and liquid investment vehicle, is pleased to announce that The Dripbar LLC (“The DRIPBar”), a partner company (“Partner”) on the Company’s wholly-owned subsidiary, VS Digital Health’s (“VSDH”) The white label software technology platform is now available in the Apple App Store and Google Play Store. To provide DRIPBaR patients with a seamless and efficient digital health experience, and to support the growth and franchise potential of DRIPBaR.
The DRIPBaR is a franchise operator focused on helping people achieve their best physical and mental health using intravenous therapies. Through advances in cellular and biological science, DRIPBaR helps clients combat the consequences of chronic disease, combat the effects of aging, and achieve balanced well-being. DRIPBaR aims to make its services available across the United States, to anyone who wishes to experience their full range of vitamin therapy options, including rapid intramuscular injections, lifestyle drops, pain support drops health and oral supplements. DRIPBaR utilizes VSDH’s digital health platform and digital pharmacy across its 28 active locations, while providing its 430+ franchises (in various stages of development) with the ability to bring their mobile medical businesses into compliance, redefine their offering and to help achieve their fundamental goal of supporting the best health for their customers. The DRIPBaR was recently awarded the Top 500 Entrepreneurs list for Best New and Emerging Franchises 2022. (Source Entrepreneur).
This white-label functionality provided by VSDH has allowed The DRIPBaR to take its current brick-and-mortar business model into the mobile realm. Not only is this exciting for current locations, but it also provides an added benefit to new franchisees, being the ability to open their businesses and start operating immediately (using mobile drip and on-line pharmacy). line), while they wait for their physical locations to be built.
VSDH is extremely pleased to have entered into a long-term relationship with one of the leading new and emerging health and wellness franchises in the United States (Source Entrepreneur), The DRIPBar. VSDH will help DRIPBaR franchisees with everything digital health, from technology like our mobile medical app to our digital pharmacy.
VSDH will process all pharmaceutical orders from franchisees and not only streamline their processes, but provide competitive product offerings and pricing due to VSDH’s unique pharmaceutical structure across the United States.
Both companies look forward to working together to assist all DRIPBaR business owners in expanding their businesses and, at a business level, to continue this explosive growth.
Further details on the terms and pricing model of the DRIPBaR and VSDH agreement are available in the version dated March 22, 2022.
About the VSDH white label platform
VSDH has launched a white label digital health platform (see press release from the March 7, 2022), which powers consumer health experiences for a wide range of health service providers (from individual practitioners and small boutiques to large enterprises) on a business-to-business (“B2B”) subscription model, which consists of a fixed annual fee and revenue sharing. This service also includes the establishment of a virtual pharmacy that facilitates online ordering, payment and processing in one place. The business model leverages decentralized healthcare to bring quality digital health (including medical, health, and wellness services) to all 50 states in the United States in an efficient, scalable, and cost-effective manner.
On behalf of the Board of Directors,
Shafin Diamond Tejani
Chief executive officer
Victory Square Technologies
For more information about the Company, please contact:
Investor Relations Contact – Abbey Vogt
E-mail: [email protected]
Telephone: 604 283-9166
Media Relations Contact – Peter Smyrniotis, Director
Telephone: 604 283-9166
About the DRIPBar
Founded in 2016 and franchised since late 2019, The DRIPBar is a franchise focused on helping people achieve their best physical and mental health through intravenous therapy. Through advances in cellular and biological science, DRIPBaR helps clients combat the consequences of chronic disease, combat the effects of aging, and achieve balanced well-being. With 28 locations currently open and operational, DRIPBaR already has nearly 430 additional locations in various stages of development across 27 states. For more information, visit www.thedripbar.com.
ABOUT VICTORY SQUARE TECHNOLOGIES INC.
Victory Square (VST) builds, acquires and invests in promising startups, then provides the senior management and resources needed for rapid growth. Victory Square’s sweet spot is the cutting-edge technology shaping the 4th Industrial Revolution. Our portfolio of companies consists of 25 global companies using AI, VR/AR and blockchain to disrupt industries as diverse as fintech, insurance, healthcare and gaming.
What we do differently for startups
Victory Square is not your ordinary investor. With real skin in the game, we are committed to ensuring the success of every business in our portfolio. Our secret sauce starts by selecting startups that have real solutions, not just ideas. We match you with experienced 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 will scale and be ready to monetize.
Victory Square is a publicly traded company headquartered in Vancouver, Canada, and listed on the Canadian Securities Exchange (VST), Frankfurt Stock Exchange (6F6) and OTCQX (VSQTF). For more information, please visit www.victorysquare.com
All information regarding The DRIPBaR has been provided and approved by their management team. Neither Victory Square nor VSDH has independently verified the information provided by the DRIPBaR and accepts no responsibility for any information relating to or provided by the DRIPBaR. DRIPBaR is an independently operated entity in accordance with applicable laws and neither Victory Square nor VSDH makes any representations or warranties regarding the products or services provided by DRIPBaR. The provision of health services is regulated in accordance with applicable laws in each jurisdiction in which DRIPBaR may operate. Consumers are urged to obtain their own legal, health and regulatory advice before using any services provided by Victory Square, The DRIPBaR, VSDH, IV Hydreight or resulting from the partnership between the parties hereto.
This press release contains “forward-looking information” within the meaning of applicable securities laws relating to the prospects for Victory Square’s business, including, without limitation, statements relating to future performance, performance of the business strategy, future growth, business prospects and opportunities for Victory Square and its related subsidiaries, including VSDH, IV Hydreight, potential results of the partnership with The DRIPBaR and other factors beyond our control. These forward-looking statements may, without limitation, be preceded, followed by or include words such as “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans “, “continue”, “project”, “potential”, “possible”, “contemplate”, “seek”, “aim”, or similar expressions, or may employ future or conditional verbs such as “may”, ” could”, “will”, “could”, “should” or “would”, or may otherwise be indicated as forward-looking statements by grammatical construction, wording or context. All statements other than statements of historical fact contained in this press release are forward-looking statements. The 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 this forward-looking information is based are reasonable, he … not should not be relied upon unduly as Victory Square cannot guarantee that they will prove to be accurate. Actual results and developments may differ materially from those contemplated by such statements. The statements contained in this press release are made as of the date of this press release. Victory Square disclaims any intention or obligation to publicly update any forward-looking information, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
The Canadian Securities Exchange has neither approved nor disapproved of the contents of this press release and accepts no responsibility for its adequacy or accuracy.