Versus Systems Files New US Patent for Rewards Platform

New Patent Claims Cover Challenges, Prize Promotions, and Integration Across Various Media Platforms

February 04, 2020 8:00 AM EST | Source: Versus Systems Inc.

Vancouver, British Columbia--(Newsfile Corp. - February 4, 2020) - Versus Systems, Inc.  (CSE: VS) (OTCQB: VRSSF) (FSE: BMVA) ("Versus" or the "Company") announces that the Company has filed a new U.S. Application with the U.S. Patent and Trademark Office (USPTO), titled "In-Content Challenge System and Methods."

The application aims to protect a number of proprietary systems and methods for awarding real money, physical goods, digital currencies, and downloadable content to players inside video games, mobile apps, and other interactive media. Versus already uses patented technologies within their Winfinite prizing platform, and inside OMEN Rewards for HP, allowing players to play for real-world prizes inside their favorite games. This new filing extends the portfolio by addressing both new in-game challenge systems, and novel approaches for apps and video.

Developers and publishers that partner with Versus to use the Winfinite platform have access to the full suite of protected claims that address legal and regulatory compliance dynamically across federal, state, and local law - allowing content partners to place prizes in-game, or in-app for their players to earn as they play.

Matthew Pierce, Founder and CEO of Versus says "Although we built Versus to improve the experiences in the $100 Billion gaming industry, we continue to be approached by new verticals that want to take advantage of our proprietary rewards system to drive engagement. From fitness, health and wellness, entertainment, and esports - everyone is looking for new and innovative ways to engage their audience. Once granted, this new set of patent claims will protect the novel ways that Versus improves the player, user, streamer, and viewer experience across a variety of markets. People play longer when they win things they love."

About Versus Systems Inc.
Versus Systems, Inc. has developed a proprietary in-game prizing and promotions engine that allows game publishers and developers to offer real-world in-game rewards across various platforms including mobile, console, PC games, and streaming media. Brands pay to place products in-game via Winfinite, and gamers choose which prizes they want before competing to win the rewards. For more information, please visit www.versussystems.com.

For more information on Versus Systems' new platform, WINFINITE, visit www.versussystems.com or visit Versus Systems official YouTube channel.

For Versus Systems, contact:
info@versussystems.com
(424) 242-4150

Disclaimer for Forward-Looking Information

This news release contains certain forward-looking information and forward-looking statements within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward looking statements. In this news release, forward-looking statements relate, among other things, to: the proposed use of proceeds from the Offering. These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable law.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/52063

info