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Apr 16, 2020 6:58 AM

VS.C -- eSports and Video Streaming Rewards Platform Long

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VS.C is approaching the eSports sector the right way with its proprietary rewards platform that integrates into applications, games and streaming services. This is one of the sectors that is thriving during the coronavirus pandemic. The company keeps delivering on growth and has just announced an expansion into streaming video via Kast. Haywood analyst gives it a BUY rating with a .55 price target.
Technically, the stock has been heavily accumulated in recent months. The selldown in the last few days was likely a short attack targeting the .185 - .195 gap. It failed but I used it as an opportunity to build a position at .22 average. Given the string of positive news releases and the extension of the .40 warrants that was just announced, I expect that the company will make a promotional push to try and get them exercised. But even without promo, the stock should be trading a fair bit higher based on the business growth/expansion. It's one of those rare times when I do agree with the institutional analysts.
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Versus Systems Executive Chairman Keyvan Peymani to Lead Asian Expansion

Los Angeles, California--(Newsfile Corp. - April 17, 2020) - Versus Systems, Inc. (CSE: VS) (OTCQB: VRSSF) (FSE: BMVA) ("Versus") is proud to announce that newly re-appointed Executive Chairman Keyvan Peymani will be adding new areas of responsibility for Versus: leading international expansion and new global alliances. Peymani will bring Versus proprietary rewards platform into existing relationships with Animoca Brands and IClick (NASDAQ: ICLK), while also developing new strategic partnerships within the $36 Billion Chinese gaming market and the $121 Billion Chinese advertising market. Mr. Peymani brings a history of success at Netflix, Disney, Warner Bros., and Amazon and he will drive Versus efforts internationally as they bring together global game developers, publishers, marketing agencies, and brands on Versus patented rewards platform.

A senior executive who has led teams across 60 countries and forged alliances with governments, global brands and Fortune 100 companies, Mr. Peymani has secured and deepened relationships with key partners in greater China for Versus, with the goal of capitalizing on the $150 Billion dollar combined gaming and advertising markets there. Amongst recent successes are the recently announced partnerships with iClick who can reach 98% of all internet users across greater China with its dataset of over 800M Chinese consumers, and the deepening of the alliance with Animoca Brands, an industry-leading global games developer and publisher with hundreds of millions of downloads and millions of active users across their portfolio.

Said Mr. Peymani, "I am proud to expand my commitment in building Versus Systems during this unprecedented time. As online gaming and streaming surge around the world, new consumer behaviors are being created and will change the landscape for how brands reach their audiences irrevocably. Performance marketing tools will be critical for any advertisers wishing to remain relevant, and Versus Systems market-leading toolset and approach are the right solution presented at the right time. I could not be more excited for our growth and prospects as we continue to add brands and partners around the world."

Matthew Pierce, Founder and CEO of Versus says, "With our growing global partnership with HP and our expansion into international territories, having a senior executive with the depth of knowledge and accomplishments that Keyvan brings from his prior roles at Amazon, Netflix, Warner Brothers and Disney is critical to our growth. We are proud to expand his role and look forward to his continued leadership as our Executive Chairman."
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