VSBLTY Announces Letter of Intent for Proposed Joint Venture with Burkhan Capital and BPIH

Executive Summary

• VSBLTY Groupe Technologies Corp. entered into a Letter of Intent with Burkhan Capital Inc. and Business Platform Investment Holding Company to explore forming an equally‑owned joint venture in Saudi Arabia.
• The JV would consolidate VSBLTY’s existing Saudi operations, combine AI‑driven security and computer‑vision software with local capital and partnership capabilities, and target data‑center, defense, and enterprise projects across the Kingdom and neighboring markets.
• Execution of definitive agreements is pending; each party would hold a 33.3% equity interest subject to negotiation and customary closing conditions.

Key Details

• Parties Involved: VSBLTY Groupe Technologies Corp. (OTC: VSBGF), Burkhan Capital Inc., Business Platform Investment Holding Company (BPIH).
• Proposed Ownership Structure: 33.3% VSBLTY, 33.3% Burkhan Capital, 33.3% BPIH.
• Scope of JV: Deployment of AI‑enabled security systems, data‑center infrastructure, computer‑vision and data‑fusion software, and related technology projects in Saudi Arabia and surrounding markets.
• VSBLTY Contributions: Transfer of existing Saudi‑related business operations; licensing of selected software products and services to the JV for use within a defined regional territory.
• Burkhan Capital Role: Facilitate strategic development opportunities, provide access to project pipelines, capital sources, and regional partnerships.
• BPIH Role: Provide local engagement, regional relationship management, project facilitation, and operational coordination in Saudi Arabia.
• Next Steps: Negotiation and execution of definitive agreements (shareholders’ agreement, transaction documentation) governing formation and governance of the JV.
• Risk Disclosure: No assurance that definitive agreements will be executed or that the joint venture will be completed on the LOI terms.

Notable Quotes

“Burkhan seeks to work with technology companies that are developing solutions relevant to next‑generation infrastructure and security needs… We look forward to exploring opportunities together with VSBLTY and BPIH.” – Shahal Khan, CEO, Burkhan Capital Inc.

“This Letter of Intent represents an important step in expanding our strategic relationships in the Middle East… collaboration with Burkhan Capital and BPIH may provide a framework for pursuing opportunities where our software platforms can be deployed effectively.” – Jay Hutton, Co‑Founder and CEO, VSBLTY.