Visionstate Corp.
TSX VENTURE : VIS

Visionstate Corp.

June 15, 2015 08:30 ET

Visionstate Corp Signs Media Service Agreement With McGavren Guild Malls

EDMONTON, ALBERTA--(Marketwired - June 15, 2015) - Visionstate Inc., a division of Visionstate Corp. (TSX VENTURE:VIS), is excited to announce a new partnership with McGavren Guild Malls (MG Malls). MG Malls will market and sell digital advertising across a network of interactive directory kiosks to be installed in some of the largest malls in the USA.

Revenue derived from digital advertising on this network is contractually shared between the parties. MG Malls focus in the mall advertising space, and in particular the malls involved in this partnership, develop a financial model that will be dynamic for both parties.

"The digital advertising platform, particularly in malls, has been growing over the years. We are excited to bring our sales team this exclusive representation option in a growing digital field," stated David Parsons, CEO and co-founder of MG Malls. "The combination of digital advertising with dynamic static media that we currently sell can complete a brand marketing program in mall."

Installations of these Vicci units, which will be owned and operated by Visionstate Corp., have already begun. To date, four kiosks have been installed and are fully operational, with an additional 30 expected to be deployed by October of this year.

John Putters, CEO/President of Visionstate, is excited to build such strong relationships and take a large step forward in the project. "McGavren Guild Malls is known for its strength and great relations in the mall media sales industry," stated Putters. "Their expertise will be a tremendous benefit to this project. We are very eager to see this network of kiosks reach its full potential."

For further details on the network, please refer to previous news release from Dec. 17, 2014: http://www.marketwired.com/press-release/visionstate-inc-seeks-partner-for-media-sales-into-90-screen-network-tsx-venture-vis-1977882.htm

About Visionstate Inc

Visionstate is the leader in interactive technology software that connects the world with enhanced guest services. Since its first installation in 2005, Visionstate has grown to see its software in buildings throughout Canada and the United States. By engaging customers throughout a facility, from touchscreen directories to mobile applications to cleaning management software, Visionstate adds to a building's experience with its original interactive solutions. More information can be found at www.Visionstate.com.

About MG Malls LLC

Mg Malls LLC is a mall representation and sales firm with exclusive rights and representation agreements in a large portion of the US Malls space, in addition to sales relationships in Canada and Mexico. MG Malls is an independent company integrated with GEN MEDIA PARTNERS, a media sales representation firm for radio and malls in the US. This includes MG Malls, McGavren Guild Radio, Local Focus Radio and Hispanic Radio Network.

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