Alpha Modus partners with VSBLTY to expand retail technology ecosystem

CORNELIUS, N.C./PHILADELPHIA - Alpha Modus Holdings Inc. (NASDAQ:AMOD), a $46 million market cap technology company whose stock has declined over 90% in the past year according to InvestingPro data, announced Wednesday it has entered into a reseller and technology integration agreement with VSBLTY Groupe Technologies Corp. (OTCQB:VSBGF), expanding its AI-powered retail technology offerings.

The agreement allows Alpha Modus to resell VSBLTY’s platform in the United States and establishes revenue-sharing models for both media sales and data monetization. This partnership follows a previously announced patent license agreement between the companies. Despite recent stock volatility, InvestingPro analysis shows Alpha Modus maintains profitability over the last twelve months, though operating with moderate debt levels.

According to the press release, the collaboration will integrate VSBLTY’s smart displays and retail analytics technologies with Alpha Modus’ smart kiosks, which are currently being rolled out nationwide.

"Our AI-enabled computer vision and retail analytics solutions will combine seamlessly with Alpha Modus’ smart kiosk deployments, enabling retailers to deliver data-driven engagement that enhances shopper experiences and unlocks significant monetization opportunities," said Jay Hutton, CEO of VSBLTY.

Chris Chumas, Chief Sales Officer of Alpha Modus, stated that the partnership was secured "as a direct result of our patented IP" and creates "a compelling and scalable technology suite for retailers and consumer brands."

VSBLTY specializes in AI and real-time interpretation of camera data, offering facial recognition, age and gender analytics, and security solutions including weapon recognition capabilities.

Alpha Modus, which trades on the Nasdaq under the ticker AMOD, focuses on AI technologies, intelligent kiosks, and consumer engagement tools for retailers. VSBLTY is listed on the OTCQB under the ticker VSBGF.

The information in this article is based on a press release statement from Alpha Modus Holdings Inc.

In other recent news, Alpha Modus Holdings has made significant strides in restructuring its financial framework. The company announced a capital restructuring agreement that eliminates approximately $41 million in mezzanine equity and removes all preferred stock from its balance sheet. This move involves an exchange agreement with The Alessi 2023 Irrevocable Trust, where 4.3 million shares of Series C Preferred Stock will be swapped for over 40 million shares of Class A common stock. Additionally, Alpha Modus has resolved all variable rate debt associated with its DESPAC process, marking the end of a strategic initiative aimed at maintaining capital structure integrity.

Moreover, Alpha Modus secured exclusive nationwide licensing rights for CashX kiosks and mobile applications, establishing itself as the sole fulfillment provider for CashX’s U.S. contracts. In a related development, the CEO’s family trust has committed $1.5 million in financing to support the company’s growth initiatives, structured as a one-year promissory note with a conversion option. These recent developments highlight Alpha Modus’s efforts to strengthen its financial position and expand its operational capabilities.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.