Verify Smart Corp (OTCMKTS:VSMR) Stock On Watchlist After Executing Letter of Intent with Canadian Company

May 5, 2023May 5, 2023 Ash K $OTCMKTS:VSMR, $Verify Smart Corp (OTCMKTS:VSMR), $VSMR, $VSMR news, $VSMR stock

Publicly traded company and leader in innovative solutions, Verify Smart Corp (OTCMKTS:VSMR) on May 2, 2023, announced executing a Letter of Intent for forming a strategic partnership with premier Canadian IT consulting and solutions firm, Stewart IT services.

The collaboration will create synergy enhancing the growth as well as service portfolios of both firms. The alliance will lead to significant geographic expansion and portfolio growth, besides launching a fresh certification program for Canadian companies.

Trading Data

On Thursday, VSMR stock ended flat at $0.0121 with more than 3.67K shares traded, compared to volume of 124.75K shares. The stock moved within a range of $0.0121 – 0.0121 after opening trading at $0.0132.

Verify Smart Executes Letter of Intent with Canadian Company

The LOI outlines plans for the company to broaden its portfolio, and harness Stewart IT Services’ innovative solutions as well as the experienced staff in Canada. It will also lead to the positioning of Verify Smart in Canada, giving a strong foundation for defending potential patent infringement cases andstrengthening intellectual property rights. Both companies will jointly develop a certification program, empowering Canadian firms to harness the patented Multi-Factor Authentication technology.

Tony Cinotti, President of Verify Smart Corp said that the company’s plans for partnership alliance with Stewart IT Services demonstrate a new chapter. Cinotti added that the introduction of the MFA certification program will extend the reach of the patented technology to businesses, reinforcing the commitment to deliver cutting-edgesolutions.

Stewart Goodin, Founder and CEO of Stewart IT Services said that collaborating with Verify Smart Corp gives the company a fantastic opportunity to break into the U.S. market. Goodin added that the partnership will accelerate expansion as well as enable the company to be in cybersecurity.