VERSUS SYSTEMS INC COM NPV (OTCMKTS:VRSSF) is one of the very few
pure play ways to participate in the explosive eSports space. In fact, we can
only name a few off-hand that have as much direct tie-in: Electronic Arts Inc.
(NASDAQ:EA), Activision Blizzard, Inc. (NASDAQ:ATVI), and TENCENT HLDGS
LTD UNSP ADR EACH REP 1 ORD (OTCMKTS:TCEHY).
But VRSSF is the only stock on that list that can boast of an extreme undervaluation
and under-ownership by investors in the broader market.
In other words, if there was a “lotto ticket play” in the 94% CAGR eSports market
segment, it has to be VRSSF. Keep in mind, this company's recent announcement
that its proprietary prizing platform will be integrated into Valhalla Games Studios
International Ltd.’s “Devil’s Third Online”, in development as a free-to-play launch
for PC. That continues to be a major driver of the action in the stock at present.
VRSSF frames itself as a company developing a software platform that allows video
game publishers and developers to offer prize-based matches and tournaments
of their games. This proprietary technology is being integrated into select games
that are planned to be in market in early 2017.
VRSSF has an excellent balance sheet situation according to recent filings, with
over $1.4 million in cash on the books, balanced by under $200K in total current
The company is pre-revenue at this point. But, as noted above, they are actively
cultivating some strong potential for monetization.
“Just Like We Drew it Up”
As noted above, the key catalyst of late for shares of VRSSF is the integration of its
prizing platform into Valhalla Games Studios International Ltd.’s “Devil’s Third Online.”
That nicely dove tails with the company’s recent shoring up on the IP front.
Specifically, the company has filed multiple patent claims with the USPTO to expand
upon their existing portfolio of prizing, promotion, and financial technologies that enable
brands to reach the rapidly growing competitive gaming audience of players, spectators,
The key idea is to dig a moat around what the company describes as:
“a system that seeks to match competitive game players and spectators
with prizing from their favorite brands through a unique Conditional Prize
Matching system. This proprietary system allows advertisers and brands,
as well as video game developers and publishers to provide prizing to
players and spectators for their in-game or in-app skills and behaviors
wherever they play.”
Matthew Pierce, CEO of Versus Systems says,
“The current explosion in gaming – from casters to spectators to eSports
competitors shows us that everyone loves games that involve real stakes.
Players want to play for prizes. Spectators want to watch matches that matter.
There are over 1.5 billion of these players and spectators that until Versus,
brands have been unable to reach."
"This audience has extraordinary purchasing power with income levels
40% higher than the average U.S. household, an average age of 35,
and a 41% female demographic. Versus solutions allow brands to interact
with this $100B audience in a powerful way – by rewarding their gaming
skill with downloadable content, real money, and physical goods.”
“The Versus solution is an in-game or in-world prize distribution network – a network
that makes it possible for players and spectators to play games they love for real stakes.
Versus allows game developers and brands to offer both real-world and digital prizes to
players who love their games, making those games more engaging,” said John O’Connell,
Versus Head of Business Development.
“What player doesn’t want their in-game dominance to be rewarded with the latest gear,
apparel, and more? That’s what Versus is all about.”
Matching this outlook, the stock has been positively on fire. This should give a pretty good idea why.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of 007stockchat.com.
Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.
We have received five thousand dollars via a bank wire for the awareness of VRSSF.
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