Victory Square Technologies Reports Record Net Income of $8,890,748 and Earnings Per Share of $0.12 in Q3 2020

Victory Square Technologies Inc. announces it has filed its condensed audited interim consolidated financial statements and Interim Management Discussion and Analysis (MD&A) for the three months ending September 30, 2020.

Shafin Diamond Tejani, CEO of Victory Square commented, “I am very pleased with our Q3 results, we are well-funded, have a solid portfolio, a strong team and a robust pipeline of catalysts to continue this aggressive growth trajectory. We are confident that this momentum will continue in 2021. We’d like to thank our loyal shareholders and look forward to the next phase of this exciting journey.”

Highlights for the three-month period ending September 30, 2020:

• Net income increased to $8,890,748 from ($1,016,215) during the same period year over year
• Earnings per share increased to $0.12 from ($0.01) during the same period year over year

Highlights for the nine-month period ending September 30, 2020:

• Net income increased to $13,617,124 from ($3,769,368) during the same period year over year
• Earnings per share increased to $0.18 from ($0.05) during the same period year over year

VST ended the quarter with a healthy balance sheet and Subsequently, on November 9th, 2020, the Company closed an upsized and oversubscribed Brokered Private Placement of Special Warrants of the Company led by Gravitas Securities Inc. for aggregate gross proceeds of approximately $6.1 million. For additional information regarding the private placement, please refer to the Company’s news release dated November 9, 2020 and the Company’s other public disclosure documents, copies of which are available under the Company’s profile on SEDAR (www.sedar.com).

The foregoing summary is qualified in its entirety by the Company’s interim consolidated financial statements and Interim MD&A for the three months ended September 30, 2020, copies of which are available under the Company’s profile on SEDAR (www.sedar.com).

Current Portfolio:

The VST portfolio consists of companies powering the 4th Industrial Revolution. “The Company’s businesses are not built around short-term plays or fleeting trends. They represent pillars of the future economy: digital health, artificial intelligence (AI), machine learning (ML), augmented and virtual reality (AR and VR), internet of things (IOT), cyber security, blockchain and more,” said Shafin Diamond Tejani, CEO of Victory Square.

“We focus on identifying, building and investing in exceptional startups, each led by a strong management team and engaged in global market opportunities,” said Tejani. “With our portfolio companies curated to provide our investors with the best possible exposure to the next generation of technology giants, we are now prioritizing maximum value creation within each venture.”

Visit VictorySquare.com and sign up for the official newsletter of Victory Square at www.VictorySquare.com/newsletter.

On behalf of the board,

Shafin Diamond Tejani

Chief Executive Officer

For further information about the Company, please contact:

Investor Relations Contact – Alex Tzilios

Email: alexandros@victorysquare.com

Telephone: 778-867-0482

Media Relations Contact – Howard Blank, Director

Email: howard@victorysquare.com

Telephone: 604-928-6066

ABOUT VICTORY SQUARE TECHNOLOGIES INC.

Victory Square (VST) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed to fast-track growth.

VST’s sweet spot is the cutting-edge tech that’s shaping the 4th Industrial Revolution. Our portfolio consists of 20 global companies using AI, VR/AR and blockchain to disrupt sectors as diverse as fintech, insurance, health and gaming.

What we do differently for startups

VST isn’t just another investor. With real skin in the game, we’re committed to ensuring each company in our portfolio succeeds. Our secret sauce starts with selecting startups that have real solutions, not just ideas. We pair you with senior talent in product, engineering, customer acquisition and more. Then we let you do what you do best — build, innovate and disrupt. In 24-36 months, you’ll scale and be ready to monetize.

What we do differently for investors

VST is a publicly-traded company headquartered in Vancouver, Canada, and listed on the Canadian Securities Exchange (VST), Frankfurt Exchange (6F6) and the OTCQX (VSQTF).

For investors, we offer early-stage access to the next unicorns before they’re unicorns. Our portfolio represents a uniquely liquid and secure way for investors to get access to the latest cutting-edge technologies. Because we focus on market-ready solutions that scale quickly, we’re able to provide strong and stable returns while also tapping into emerging global trends with big upsides. For more information, please visit www.victorysquare.com.