Visionstate Corp. Announces Board Changes


EDMONTON, Alberta, June 04, 2018 (GLOBE NEWSWIRE) -- Visionstate™ Corp. (TSX-V:VIS) Visionstate (or “the Company”) today announced that Perry Kinkaide has resigned from the Company's Board of Directors, effective immediately. The Company thanks Mr. Kinkaide for his service for the past few years.

John Putters, President of Visionstate, stated “On behalf of the Board and the company, I thank Perry for the contributions he has made during his tenure and wish him continued success in the future.”

The Company also announced that Mr. Kevin Gilbank has joined its Board of Directors. He has over 15 years of oil and gas and infrastructure experience with a specialization in operations, project management, clean energy project development, and team leadership.  Kevin has held increasingly senior roles within Shell Canada and has been pivotal in the growth of TERIC Power.  Kevin holds a professional engineering designation as well as a Biomechanical Engineering Masters of Applied Science from the University of Ottawa, a Bachelor of Mechanical Engineering Degree (Honours) through the University of Dundee in the United Kingdom and a Mechanical Engineering Technology Diploma from Durham College.

About Visionstate Corp.

Visionstate Corp (TSX-V:VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of sustainability, analytics and the Internet of Everything. Visionstate provides investors access to holdings in disruptive technologies that include artificial intelligence (AI), blockchain platforms and cryptocurrency. Through Visionstate Inc. it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state of the art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across North America. An extension of that product, CINDI™, has the potential to transform the guest service experience in the hotel industry. With the recent acquisition of Chatbot Incubator, specializing in applications for artificial intelligence, development is underway to make CINDI into a personal concierge, offering personalized services in every guest room. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences.

For more information please visit www.visionstate.com and follow @Visionstate on Twitter and Facebook.

Visionstate is listed on the TSX-V exchange under the ticker symbol "VIS”; additional investor information is available on SEDAR.

Forward Looking Statements

This news release may include certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with Visionstate’s business and the environment in which the business operates.  Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend" and similar expressions to the extent they relate to the Company or its management.  The forward-looking statements are not historical facts, but reflect Visionstate’s current expectations regarding future results or events.  These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations.  Visionstate assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information about Visionstate, please contact John Putters at (780) 425-9460 or jputters@visionstate.com.


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