VinCompass Q3 Report
January 17 2017 - 4:15PM
Marketwired
VinCompass Q3 Report
SAN FRANCISCO, CA-(Marketwired - Jan 17, 2017) - VinCompass
Corp. (OTC: VCPS) reported in Form 10Q an operating loss of
$238,872 for the period ending November 30, 2016 as compared to a
loss of $118,773 in the same period ending on November 30,
2015.
Company Updates
VinCompass continues to invest heavily in its core IP with the
company's development expenses totaling $96,859 as of November 30,
2016. This represents a growth of 117% as compared to $44,574 for
the same period in 2015. By investing in the further enhancement of
its core technology, VinCompass seeks to expand the total number of
restaurants under management from 10,000 to 25,000 by the fall of
2017. Founder & CEO Peter Lachapelle said, "Our investment
strategy is focused on providing our customers updated and broader
content coverage. Additionally, a major refresh of our website and
apps (iOS and Android) is underway that enhances customer
engagement and that leverages alternative user authentication, like
LinkedIn." Formal press release announcements will be made in Q1
2017.
Financial Updates:
VinCompass continues to focus raising capital to support the
company's IP investments and growth plans. During the period ending
November 30, 2016, a total of $212,280 was secured from third
parties convertible notes.
VinCompass continues to have active term sheet negotiation with
various third-party Family Offices, Financial Institutions and
Private Individuals. The Company is evaluating all equity and debt
options; uplisting options; and a registration statement for up to
$5,000,000 in new capital to accelerate monetization.
VinCompass plans to participate in multiple financial events in
2017 in order to increase investor awareness and to provide updates
on the business and monetization plans. New materials will be
presented and posted at these events. VinCompass will announce its
participation via press releases and further information including
any materials presented will be available for download from our
website under the Investor Relations section
(www.vincompass.com/investor_relations). Lachapelle said, "There is
significant leverage in building investor awareness, because many
potential investors are wine consumers who we can help to enjoy
more wine. These combined opportunities are part of VinCompass'
go-to-market plan."
About the Company
VinCompass (OTC: VCPS) - guiding your wine journey with personal
curation starting in the restaurant - is a wine e-commerce business
that offers a mobile solution designed to guide users through the
wine selection process while providing the convenience of a
personalized wine club and access to private label wines. Users
create a digital blueprint of their wine preferences (VinPrint) to
overcome the fear and anxiety of selecting wine. In social
settings, VinCompass matches consumers' wine preferences with a
database of over 1 million wines and wine lists at more than 10,000
restaurants. No other solution solves the annual $12 billion+
restaurant angst sometimes known as "Fear of the Wine List" (FoWL).
" With the consumer's VinPrint on hand, the VinCompass e-commerce
solution is a one-to-one wine club that tailors its monthly
offering based on the preferred quality and tastes of its
subscribers on an individual basis. Private label wines are also
available to both corporations and individuals via VinCompass's
e-commerce solution. In the $4 billion annual wine club and private
label business, VinCompass is the first to apply predictive
analytics to fulfill consumer e-commerce purchases. VinCompass's
mission is to use its patent pending data engine technology to help
everyone enjoy wine more with less effort, starting in the
restaurant and shipping wine to your office or home in over 40
states.
Safe Harbor Statement
Statements in this press release may be "forward-looking
statements". Words such as "expects," "anticipates," "intends,"
"plans," "believes," "seeks," "estimates," "optimizing,"
"potential," "goal," and similar expressions, as they relate to the
Company, its business or management, are forward-looking
statements. These statements are based on current expectations,
estimates and projections about the Company's business based, in
part, on assumptions made by management. These statements are not
guarantees of future performance and involve risks, uncertainties
and assumptions that are difficult to predict. Actual outcomes and
results may, and probably will, differ materially from what is
expressed or forecasted in such forward-looking statements due to
numerous factors, including those described above and those risks
discussed from time to time in the Company's filings with the
Securities and Exchange Commission.
Contact Information Investor Relations Email: IR@VinCompass.com
Phone: 415 - 817 9955 ext 8 Web:
http://www.vincompass.com/investor_relations