Our primary interest in VinCompass Corp (OTCMKTS:VCPS) is in the solid run it has put together in recent sessions, but generally when we look at a stock for the first time on Street Register, we like to first get an idea of what the company does and what it might do.
Fortunately, the operational and financial updates that VCPS provided just over a week ago will give a good idea of what we dealing with in that department.
VinCompass Corp (OTCMKTS:VCPS) 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.
Per its recent report on the first quarter of 2018, VinCompass® continues to invest heavily in its core IP with the company’s development expense growth of 102% having $79,978 as of period ending May 31, 2017 as compared to $39,530 for the same period ending May 31, 2016. Investing in enrichments of its core technology, VinCompass® plans to enhance our pending Patent technology benefiting from new commercial advancements in Machine Learning and Artificial Intelligence. This will improve personalized recommendations that anticipates the VinPrint® (wine DNA preferences) of members and individually with better optimizing the recommendation while providing scale and cost efficiencies.
The company also reports that a ‘major refresh’ of its website and apps (iOS and Android) is nearing completion and it will provide customers alternative member authentication such as LinkedIn, as well as updated and broader content coverage.
On the financial side of things, VinCompass® continues to focus raising capital to support the company’s IP investments and growth plans. During the period ending May 31, 2017, a total of $178,500 was secured from third parties convertible notes and common stock purchases. Additionally the Company had stock based compensation of $149,900 for the period ending May 31, 2017.
VinCompass’s operating plan proposes a minimum capital injection of $1,000,000 for the year ending February 2018, and is also evaluating all equity and debt financing options; and/or a registration statement for up to $5,000,000. The Company continues to have advanced discussions and negotiations with various third-party Family Offices, Financial Institutions and Private Individuals. VinCompass® also plans to participate in multiple financial events later in 2017 in order to increase investor awareness and to provide more updates on the business and monetization plans.
CEO Peter Lachapelle said, “We are looking forward to participating in these events as a platform to build investor awareness of the VinCompass® opportunity. There is significant leverage, because many potential investors are wine consumers who we can help to enjoy more wine. Creating a combined synergy of VinCompass’ go-to-market plan for both Investor and member acquisition.” (Source: Marketwired)
So there is certainly interesting backstory and intellectual property where VCPS is concerned, but as we said, our primary intest lies in the fact that the stock has been mounting a solid bounce rebound off of recent relative lows. We’ll keep track of its movements, so stay locked to Street Register for updates, and we’ll deliver important developments on VCPS as they unfold. In the meantime, if you’ve yet to sign up for our 100% free newsletter, do so now! Just enter your active email address into the box below and submit!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in VCPS stock, short or long.