{"id":457334,"date":"2021-03-15T07:13:06","date_gmt":"2021-03-15T11:13:06","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=457334"},"modified":"2021-03-15T07:13:06","modified_gmt":"2021-03-15T11:13:06","slug":"vsblty-grupo-modelo-retailigent-formalize-agreement-to-jointly-create-international-digital-in-store-media-network","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/vsblty-grupo-modelo-retailigent-formalize-agreement-to-jointly-create-international-digital-in-store-media-network\/","title":{"rendered":"VSBLTY, GRUPO MODELO &amp; RETAILIGENT FORMALIZE AGREEMENT TO JOINTLY CREATE INTERNATIONAL DIGITAL IN-STORE MEDIA NETWORK"},"content":{"rendered":"<h2>\nNetwork to Provide Real Time Customer Analytics, Security &amp; Sensor Integration in Up to 50,000 Modelorama Stores &amp; Independent Neighborhood Bodegas in Latin America<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p>Philadelphia, PA, March  15, 2021  (GLOBE NEWSWIRE) &#8212; VSBLTY Groupe Technologies Corp. (CSE: VSBY) (Frankfurt: 5VS) (OTC: VSBGF) (\u201cVSBLTY\u201d), a leading software provider of security and retail analytics technology, along with\u00a0Mexico\u2019s\u00a0Grupo Modelo (\u201cModelo\u201d)\u00a0(part of the\u00a0AB\u00a0InBev\u00a0family of companies)\u00a0and Retailigent\u00a0Media\u00a0have formalized an agreement (the \u201cAgreement\u201d) to enter into a\u00a0joint venture\u00a0by the end of Q2 to\u00a0install and manage an international\u00a0in-store media\u00a0network of\u00a0up to 50,000\u00a0Modelorama stores and\u00a0independent\u00a0neighborhood bodegasin Mexico and across Latin America by the end of 2024, it was announced today. Active deploymentis already underway in Mexico, Colombia, Peru, and Ecuador with 5000 locations to be installed by the end of 2021.<\/p>\n<p>In addition to being an international advertising network, it will provide\u00a0real-time security for store owners, powered by artificial intelligence, as well as integration of store traffic and customer demographics with sales and critical operations-related data to help stores optimize their business.<\/p>\n<p>VSBLTY Co-founder &amp; CEO Jay Hutton said, \u201cThe\u00a0deployments are already underway in Mexico, Colombia, Peru, and Ecuador and we have started contracting media time to\u00a0consumer-packaged goods brands to advertise to\u00a0Latin American shoppers right at point-of-sale\u00a0where buying decisions are made.\u00a0VSBLTY\u00a0will be supplying its\u00a0proprietary\u00a0software for analytics, security, and visual display,\u201d Hutton said.\u00a0\u201cThe three firms will be equal partners in the joint venture. VSBLTY will earn revenue from the joint venture in two ways. First, and more modestly, from the licensing fees to VSBLTY for the proprietary software that will be leveraged by the joint venture, and second, and most significantly, VSBLTY will share in one-third of the annual operating profits from advertising revenue, modeled to be greater than $200MM USD in total to the joint venture over the first five years,\u201d he concluded.<\/p>\n<p>AB\u00a0InBev\u00a0is the world\u2019s largest brewer with a diverse portfolio of more than 500 brands, including iconic global beers Budweiser, Corona, and Stella Artois. Part of\u00a0AB\u00a0InBev,\u00a0Grupo Modelo\u00a0is the leader in the production, distribution, and sale of beer in Mexico and\u00a0owns and operates\u00a0Modelorama,\u00a0Mexico\u2019s second largest convenience store chain.<\/p>\n<p>Pedro Garavito,\u00a0Vice President of Technology &amp; Transformation, Middle Americas, said,\u00a0\u201cBy leveraging technology and analytics we can play\u00a0a pivotal\u00a0role in the communities we\u00a0serve\u00a0by improving the safety and quality of the shopping experience for the millions of store owners with\u00a0whom\u00a0we do business every day.\u00a0Not only can the various solutions around\u00a0Internet of Things (IoT)\u00a0offer real time access to point-of-sale systems\u00a0to allow store owners to dynamically optimize their business,\u00a0but we can also incorporate security, consumer analytics\u00a0and\u00a0display\u00a0advertising under the same platform.<b>\u00a0<\/b>At the same time, we will be enabling local store owners and operators to remain competitive as retail\u00a0consolidates in most Latin American markets.\u00a0The\u00a0innovation and agility\u00a0provided by\u00a0VSBLTY and\u00a0Retailigent Media,\u00a0when\u00a0coupled with our reach,\u00a0will allow us to have a meaningful\u00a0and positive\u00a0impact on the retail industry in Central and South America.\u201d\u00a0<\/p>\n<p>Thiago Porto,\u00a0VP of Transformation and People, Middle Americas,\u00a0said, \u201cThis exciting plan of\u00a0action\u2014with a target of\u00a0a\u00a050,000-store deployment by 2024\u2014\u00a0will enable traditional neighborhood stores,\u00a0the most important channel for consumer products in Latin America, to keep pace as the retail industry goes through\u00a0monumental\u00a0digital transformation.\u201d<\/p>\n<p>Retailigent Media, with offices in Mexico and five other Latin American countries, is the leading company in Mexico for smart retail solutions, analytics,\u00a0and smart displays. Retailigent provides advertising and marketing insights to some of the world\u2019s leading brands, including P&amp;G, Coca-Cola, Diageo, and Telefonica.\u00a0\u201cWe have a long-standing\u00a0working\u00a0relationship with VSBLTY and we are partnering with RADAR App to support in-store security\u00a0in each of the\u00a0stores we plan to develop throughout Latin America.\u00a0Radar App is the first collaborative security solution in the world\u00a0that\u00a0is already being utilized in Mexico City counties. Now we will be working together to help\u00a0Grupo Modelo\u00a0create\u00a0a new revenue stream for their stores,\u00a0improve security,\u00a0and\u00a0become an attractive media channel as well,\u201d according to Rodrigo Velasco, Retailigent Media CEO &amp; Co-founder.<\/p>\n<p>In connection with entering into the Agreement, VSBLTY has agreed to issue to Modelo 15,500,000 common share purchase warrants of VSBLTY (the \u201cWarrants\u201d). Each Warrant will be exercisable to acquire one common share of VSBLTY for a period of five (5) years from the date of issuance at an exercise price of at CAD $0.84 per share, subject to the following vesting conditions:\u00a0<\/p>\n<p>(a) 15% of the Warrants will vest immediately as a result of execution of the Agreement;<\/p>\n<p>(b) 15% of the Warrants will vest upon execution of the definitive agreements for the joint venture;<\/p>\n<p>(c) 20% of the Warrants will vest upon the joint venture having been installed and operating in at least 1,500 locations;<\/p>\n<p>(d) 20% of the Warrants will vest upon the joint venture having been installed and operating in at least 5,000 locations;<\/p>\n<p>(e) 15% of the Warrants will vest upon the joint venture having been installed and operating in at least 20,000 locations; and<\/p>\n<p>(f) 15% of the Warrants will vest upon the joint venture having been installed and operating in at least 30,000 locations.<\/p>\n<p>In addition, VSBLTY will issue to Modelo 2,500,000 additional Warrants upon the joint venture having been installed and operating in at least 1,500 locations and a further 2,500,000 additional Warrants upon the joint venture having been installed and operating in at least 5,000 locations (collectively, the \u201c<b>Additional Warrants<\/b>\u201d). The Additional Warrants will have an exercise price equal to the closing price of VSBLTY\u2019s common shares on the last trading prior to reaching the 1,500 locations milestone and will be exercisable for a period of five (5) years from the date of issuance.<\/p>\n<p>VSBLTY technology provides enhanced customer engagement and audience measurement including store traffic and customer demographics. Its industry-leading VisionCaptor\u2122 and DataCaptor\u2122 software combine motion graphics and interactive brand messaging with cutting-edge computer vision measurement and insights. VSBLTY\u2019s AI-driven software, Vector\u2122 provides advanced facial recognition that is crucial to enhancing security in a variety of environments.\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\n        <b>Investor Relations<\/b>\n      <\/p>\n<p>CHF Capital Markets<\/p>\n<p>Cathy Hume, CEO, +1-416-868-1079, x231<\/p>\n<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=2_B0ysi2kmBhKbpEHYTrpT6iYgPe5KnQtx6NpgwZUDnwI1_76OSQ33rIgDqG62pJeS2D1ZgBsgrSnNKVwT0tBA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">cathy@chfir.com<\/a>\n      <\/p>\n<p \/>\n<p>CONTACT: Linda Rosanio, 609-472-0877\u00a0<\/p>\n<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=VbeeqtC6neiND5SikOvilwOZlsd9WxXaX5eHFuPyJShWJUQF8OZKooQx5Mv0P4LBdOImf8kEWammkBhUTmne19PC8HSpx6uJmLmyVV9m4uo=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">lrosanio@vsblty.net<\/a>\n      <\/p>\n<p>\n        <b>About VSBLTY\u00a0(<\/b><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=hx3ocgB8Vp_XB7uQ83P4HL4yrXeL6QKOz88xg8x-V356v3xu07B2xoZ8OMMFx4WoODkHZuRO5nEOZknEUUlKH5MTX3iDAPQPYGAscWFr6g8dUejrBaTwvjaNCTx0_Nf71aV4S97svFXJHex9PiS9MICmq4XsZNjbNJzNkjC7h9caMlHghVrsV4adBDTOQJFIb13P_dcJwdJvXzMxMDzftiuup2w9olzsQE3Ql5GR7yQyhD9kLZa1t5GU-O8noLQfU-Rou8_KkYv5mqOv07kyw4r-5ixqTEU5Kwp22QwAYtk1c3Cj8eeyctkUjRcEYC3wOdnccN5JR6Dsy0XW2wE-e6tXa0hy4X0x1ECxXy1O5rmkKmqDqqFYsQWRy8q1GkF9g1xA0xqWVcjrHP5wXf-xY_di5ubcFQ6BZOywGNL8NrPbMG5625NTPBsZ3wP6t6UK-WShEvs_12RRAvwIIZukyQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <b>www.vsblty.net<\/b><br \/>\n        <\/a><br \/>\n        <b>)<\/b>\n      <\/p>\n<p>Headquartered in Philadelphia, VSBLTY (CSE: VSBY) (Frankfurt: 5VS) (OTC: VSBGF) (\u201cVSBLTY\u201d) is the world leader in Proactive Digital Display\u2122, which transforms retail and public spaces as well as place-based media networks with SaaS-based audience measurement and security software that uses artificial intelligence and machine learning.<\/p>\n<p>\n        <b>About\u00a0Grupo Modelo<\/b>\u00a0<b>(<\/b><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=hAoY7VR3mm_pEBKVVhI47xu_JXgvS-II4N7J0vp047dGeyY8KefQpeXzz5T30une0WVlU_rCzZnkO6vGFwhzGA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><b>www.gmodelo.mx<\/b><\/a><b>)<\/b><\/p>\n<p>Founded in 1925, Grupo Modelo is the leader in the production, distribution, and sale of beer in Mexico and since 2013 part of the world\u2019s largest brewing group,\u00a0Anheuser-Busch InBev. The firm has 17 national brands, including Corona, and imports seven additional brands.\u00a0Grupo Modelo\u00a0operates 10 breweries in Mexico\u00a0and has more than 32,000 employees.<\/p>\n<p>CONTACT:\u00a0Fernando Morales, +52 55 5174 9000\u00a0x55067<\/p>\n<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=gMhTsS-zAhBQflVLX73nUzCscB58AiBcpEZGMJO101J97bwFh7D3emwfpUc4U1dU58l6s9c4glGA06TtOFbGHpSUdof5oAhw8Eh5MGcZNr7HWoocOEXypvc_hWBh9_DE\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">fernando.moralesa@gmodelo.com.mx<\/a>\n      <\/p>\n<p>\n        <b>About Retailigent\u00a0<\/b>Media<b>\u00a0(<\/b><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=gR2sR2HRzYQkUBpsqI1-DvJ_eBhzjCQknDVG6f-7bABEyCADkp1wT4ifB49k19Q50FacYqKrUOFOWpaDcwPPZZM0U62Ofbr_pxoUFYoNZN8=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><b>www.retailigentmedia.com<\/b><\/a><b>)<\/b><\/p>\n<p>VSBLTY partners with Retailigent Media that has been\u00a0a\u00a0pioneer\u00a0throughout Latin\u00a0<br \/> America\u00a0in making smart deployments at retail with digital displays and analytics. Retailigent Media also provides OOH traffic measurements and predictive advertising triggered by gender and age.\u00a0The firm is helping retailers and cities improve their security with VSBLTY\u2019s Vector Face Recognition and Alerts.<\/p>\n<p>CONTACT: Rodrigo Velasco,\u00a0+52 1 55 9196 7427 \u00a0<\/p>\n<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ONWZ3IXd9eaEavteEjyBAG-XRN7-7nhOytBlfEhTruZxFVO6lw1i85ar2KLzHeIzpetvP3-AAUWQRMxcIaVpzOPJfWlFECGFal--jJ2Pv1Z5LtOsFBKWlDvvdujM-aW1\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">rvelasco@retailigentmedia.com<\/a>\n      <\/p>\n<p>\u00a0<\/p>\n<p>FORWARD-LOOKING STATEMENT<\/p>\n<p>\n        <i>Certain statements in this news release constitute forward-looking information within the meaning of applicable\u00a0securities laws. Generally, forward-looking information can be identified\u00a0by the use of forward-looking terminology such as \u201cexpects,\u201d \u201cbelieves,\u201d \u201canticipates,\u201d \u201cbudget, \u201cscheduled,\u201d \u201cestimates,\u201d \u201cforecasts,\u201d \u201cintends,\u201d \u201cplans,\u201d and variations of such words and\u00a0phrases, or by statements that certain actions, events or results \u201cmay,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201cwould,\u201d\u00a0or \u201cmight,\u201d \u201cbe taken,\u201d \u201coccur,\u201d or \u201cbe achieved.\u201d Those forward- looking statements include a number of statements related to the outlook for future operations, including statements about VSBLTY\u2019s proposed joint venture with Modelo and Retailigent Media, business plans, booking new projects, revenue growth, and\u00a0new opportunities presented by VSBLTY.<\/i>\n      <\/p>\n<p>\n        <i>Forward-looking statements are neither historical facts nor assurances of future performance. Forward-looking information contained in this news release is based on certain assumptions regarding, among other things, expected growth, results of operations, performance, industry trends and growth opportunities. While management considers these assumptions to be reasonable, based on information available, they may prove to be incorrect. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could\u00a0cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to: pricing for the Company\u2019s products and services; the ability to enter into contracts and ability of third parties to honor their contractual obligations; the decisions of third parties over which the Company has no control; changes to government regulations; force majeure events; limits on the ability of the Company to implement and fulfill its\u00a0business strategies; general economic conditions; adverse industry events; operating costs exceeding the Company\u2019s\u00a0expectations; loss of markets or failure to enter new markets; future legislative and regulatory\u00a0developments; inability to access sufficient capital from internal and external sources, and\/or inability to access sufficient capital on favorable terms; the ability of the Company to\u00a0implement\u00a0its business strategies including expansion plans; and competition. The foregoing factors are not intended to be exhaustive, and readers should refer to the detailed risk factors described in VSBLTY\u2019s Annual Information Form which is available under the Company\u2019s profile at www.sedar.com. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Forward-looking statements contained in this news release regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.\u00a0<\/i>\n      <\/p>\n<p>\n        <i>This news release includes financial outlook, specifically projected net income from the Company\u2019s proposed joint venture with Modelo and Retailigent Media, which is subject to the same assumptions, risk factors, limitations, and qualifications as set forth in the above paragraphs. In addition, the Company\u2019s net income projections are based on other factors, including the following key assumptions: (i) the joint venture\u2019s ability to successfully develop and deploy its products; (ii) the joint venture\u2019s pricing targets remaining in place; (iii) the Company\u2019s ability to maintain performance and quality as the joint venture advances and product volume increases, (iv) 70% of advertising inventory sold, and (v) extension of the joint venture to 5,000 locations by end of 2021, 5,000 locations by end of 2022, 35,000 locations by end of 2023 and 55,000 locations by end of 2024. Accordingly, the financial projections are only estimates and are necessarily speculative in nature. It is expected that some \u2013 and perhaps all \u2013 of the assumptions in the financial projections will not be realized and that actual results will vary from the projections. Such variations may be material and may increase over time. Such financial projections contained in this news release were made by management as of the date of this news release and are provided for the purpose of providing readers with an understanding of the Company\u2019s business plan and significance of the Company\u2019s proposed joint venture.\u00a0Readers are cautioned that the financial outlook contained in this document should not be used\u00a0for purposes other than for which it is disclosed herein. <\/i>\n      <\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4OTgyMiM0MDYzNjI2IzIxODM1MDg=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/40bffbf0-e1a3-4ec7-b10e-00425be3b438\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>LINDA ROSANIO\r\nVSBLTY, INC\r\n609-472-0877\r\nLROSANIO@VSBLTY.NET\r\n<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Network to Provide Real Time Customer Analytics, Security &amp; Sensor Integration in Up to 50,000 Modelorama Stores &amp; Independent Neighborhood Bodegas in Latin America Philadelphia, PA, March 15, 2021 (GLOBE NEWSWIRE) &#8212; VSBLTY Groupe Technologies Corp. (CSE: VSBY) (Frankfurt: 5VS) (OTC: VSBGF) (\u201cVSBLTY\u201d), a leading software provider of security and retail analytics technology, along with\u00a0Mexico\u2019s\u00a0Grupo Modelo (\u201cModelo\u201d)\u00a0(part of the\u00a0AB\u00a0InBev\u00a0family of companies)\u00a0and Retailigent\u00a0Media\u00a0have formalized an agreement (the \u201cAgreement\u201d) to enter into a\u00a0joint venture\u00a0by the end of Q2 to\u00a0install and manage an international\u00a0in-store media\u00a0network of\u00a0up to 50,000\u00a0Modelorama stores and\u00a0independent\u00a0neighborhood bodegasin Mexico and across Latin America by the end of 2024, it was announced today. Active deploymentis already underway in Mexico, Colombia, Peru, and Ecuador with 5000 locations to be installed by the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/vsblty-grupo-modelo-retailigent-formalize-agreement-to-jointly-create-international-digital-in-store-media-network\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;VSBLTY, GRUPO MODELO &amp; RETAILIGENT FORMALIZE AGREEMENT TO JOINTLY CREATE INTERNATIONAL DIGITAL IN-STORE MEDIA NETWORK&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-457334","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>VSBLTY, GRUPO MODELO &amp; RETAILIGENT FORMALIZE AGREEMENT TO JOINTLY CREATE INTERNATIONAL DIGITAL IN-STORE MEDIA NETWORK - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/vsblty-grupo-modelo-retailigent-formalize-agreement-to-jointly-create-international-digital-in-store-media-network\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VSBLTY, GRUPO MODELO &amp; RETAILIGENT FORMALIZE AGREEMENT TO JOINTLY CREATE INTERNATIONAL DIGITAL IN-STORE MEDIA NETWORK - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Network to Provide Real Time Customer Analytics, Security &amp; Sensor Integration in Up to 50,000 Modelorama Stores &amp; Independent Neighborhood Bodegas in Latin America Philadelphia, PA, March 15, 2021 (GLOBE NEWSWIRE) &#8212; VSBLTY Groupe Technologies Corp. (CSE: VSBY) (Frankfurt: 5VS) (OTC: VSBGF) (\u201cVSBLTY\u201d), a leading software provider of security and retail analytics technology, along with\u00a0Mexico\u2019s\u00a0Grupo Modelo (\u201cModelo\u201d)\u00a0(part of the\u00a0AB\u00a0InBev\u00a0family of companies)\u00a0and Retailigent\u00a0Media\u00a0have formalized an agreement (the \u201cAgreement\u201d) to enter into a\u00a0joint venture\u00a0by the end of Q2 to\u00a0install and manage an international\u00a0in-store media\u00a0network of\u00a0up to 50,000\u00a0Modelorama stores and\u00a0independent\u00a0neighborhood bodegasin Mexico and across Latin America by the end of 2024, it was announced today. Active deploymentis already underway in Mexico, Colombia, Peru, and Ecuador with 5000 locations to be installed by the &hellip; Continue reading &quot;VSBLTY, GRUPO MODELO &amp; RETAILIGENT FORMALIZE AGREEMENT TO JOINTLY CREATE INTERNATIONAL DIGITAL IN-STORE MEDIA NETWORK&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/vsblty-grupo-modelo-retailigent-formalize-agreement-to-jointly-create-international-digital-in-store-media-network\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-15T11:13:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4OTgyMiM0MDYzNjI2IzIxODM1MDg=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"10 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/vsblty-grupo-modelo-retailigent-formalize-agreement-to-jointly-create-international-digital-in-store-media-network\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/vsblty-grupo-modelo-retailigent-formalize-agreement-to-jointly-create-international-digital-in-store-media-network\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"VSBLTY, GRUPO MODELO &amp; 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(CSE: VSBY) (Frankfurt: 5VS) (OTC: VSBGF) (\u201cVSBLTY\u201d), a leading software provider of security and retail analytics technology, along with\u00a0Mexico\u2019s\u00a0Grupo Modelo (\u201cModelo\u201d)\u00a0(part of the\u00a0AB\u00a0InBev\u00a0family of companies)\u00a0and Retailigent\u00a0Media\u00a0have formalized an agreement (the \u201cAgreement\u201d) to enter into a\u00a0joint venture\u00a0by the end of Q2 to\u00a0install and manage an international\u00a0in-store media\u00a0network of\u00a0up to 50,000\u00a0Modelorama stores and\u00a0independent\u00a0neighborhood bodegasin Mexico and across Latin America by the end of 2024, it was announced today. 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