Victory Square Technologies Announces Portfolio Company Hydreight Technologies Inc. Ranked 9th on Deloitte’s Technology Fast 50 Program for 2024
Hydreight earned this recognition for its 2443% revenue growth from 2020 to 2023, standing out for its rapid expansion, strong entrepreneurial vision, and pioneering mobile healthcare solutions.
VANCOUVER, British Columbia — November 6, 2024 — Victory Square Technologies Inc. (CSE: VST) (OTCQX: VSQTF) proudly announces that its portfolio company, Hydreight Technologies Inc. (“Hydreight” or the “Company”) (TSXV: NURS) (OTCQB: HYDTF) (FSE: SO6), has achieved a top-10 placement on Deloitte’s prestigious 2024 Technology Fast 50™ list. Ranking 9th, Hydreight earned this recognition for its 2443% revenue growth from 2020 to 2023, standing out for its rapid expansion, strong entrepreneurial vision, and pioneering mobile healthcare solutions.
The Deloitte Technology Fast 50™ program honors Canada’s 50 fastest-growing technology companies based on revenue growth over the past four years. Hydreight’s ranking highlights its commitment to redefining healthcare accessibility by building the largest mobile clinical network across the United States, offering comprehensive solutions for healthcare professionals and patients alike.
Shane Madden, CEO of Hydreight, commented: “Achieving a top-10 rank in the 2024 Deloitte Technology Fast 50™ is an honor and underscores our business’s robust growth and innovative capabilities. Our dedication to creating the leading mobile healthcare network reflects our commitment to offering flexible, high-quality solutions to healthcare professionals, med spas, and direct-to-consumer businesses. The recognition comes at a pivotal time as we look forward to continued growth and the expansion of our ‘VSDHOne’ products over the next 12 months, driving cash flow, operational strength, and shareholder value.”
In addition to its Fast 50™ ranking, Hydreight was named a Companies-to-Watch by Deloitte in 2023.
“These exceptional Technology Fast 50 winners epitomize the spirit of innovation and entrepreneurial excellence in Canada’s technology sector,” expressed Anders McKenzie, the National Technology Fast 50 program leader at Deloitte Canada. “By demonstrating remarkable growth rates and showcasing their ability to adapt and thrive in a rapidly evolving market, these companies have distinguished themselves as leaders in their respective fields. Their success not only reflects their own ingenuity and dedication but also contributes to the overall growth and competitiveness of Canada’s technology ecosystem. We are proud to celebrate their achievements and recognize them as the driving force behind the country’s technological advancement and economic prosperity.”
Hydreight recently provided a corporate update on October 16, 2024, detailing its growth trajectory, technology advancements, and market positioning.
About Deloitte Technology Fast 50™ Program
The Deloitte Technology Fast 50™ program is Canada’s leading technology awards program, celebrating business growth, innovation, and entrepreneurship across four categories: Technology Fast 50, Enterprise—Industry Leaders, Clean Technology, and Companies-to-Watch. The program is run alongside the North American Technology Fast 500™ program, offering additional recognition to North American leaders. Program sponsors include RBCx, Osler, EDC, CCI, TMX, Clarity, and Lafond. For more information, visit www.fast50.ca.
About Hydreight Technologies Inc.
Hydreight Technologies Inc. is building the largest mobile clinic network in the United States. Through its integrated platform, Hydreight empowers over 2,500 nurses, 100+ doctors, and a pharmacy network across all 50 states to provide healthcare services directly to patients. The platform includes tools for accounting, documentation, sales, inventory, booking, and patient data management, enabling licensed healthcare professionals to deliver in-home, office, or on-demand care services. Through its extensive medical network, Hydreight connects providers with a 503B pharmacy network, U.S. certified e-script, and telemedicine services nationwide.
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For more information, please visit:
Website: www.victorysquare.com
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On behalf of the Board of Directors
“Shafin Diamond Tejani”
Director and Chief Executive Officer
Victory Square Technologies Inc.
www.victorysquare.com
For further information about Victory Square, please contact:
Investor Relations Contact: Abbey Vogt
Email: ir@victorysquare.com
Telephone: 604 283-9166
Peter Smyrniotis: Director
Telephone: 604 283-9166
About Victory Square Technologies Inc.
Victory Square Technologies builds, acquires, and invests in promising startups across various industries, including AI, gaming, blockchain, clean technology, and digital health. Through its dynamic ecosystem, Victory Square nurtures and scales innovative companies, creating long-term value for shareholders.
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FORWARD-LOOKING INFORMATION
This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the outlook of the business of Victory Square and its portfolio companies, including, without limitation, statements relating to future performance, execution of business strategy, future growth, business prospects and opportunities of Victory Square and its related subsidiaries and portfolio companies, including those items listed under the heading “Net Asset Value (“NAV”) Update”, “Notable Portfolio Highlights” and other factors beyond our control. Such forward-looking statements may, without limitation, be preceded by, followed by, or include words such as “believes”, “expects”, “to be”, “anticipates”, “estimates”, “intends”, “plans”, “continues”, “project”, “potential”, “possible”, “contemplate”, “seek”, “goal”, “objectives”, “outlook” or similar expressions, or may employ such future or conditional verbs as “may”, “might”, “will”, “could”, “should” or “would”, or may otherwise be indicated as forward-looking statements by grammatical construction, phrasing or context. All statements other than statements of historical facts contained in this news release are forward-looking statements. Forward-looking information is based on certain key expectations and assumptions made by the management of Victory Square. Although Victory Square believes that the expectations and assumptions on which such forward looking information is based are reasonable, undue reliance should not be placed on them because Victory Square can give no assurance that they will prove to be correct. Although Victory Square believes that the expectations reflected in forward-looking statements in this press release are reasonable, such forward-looking statements has been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Victory Square’s control, including, but not limited to, the risk factors discussed in the continuous disclosure materials of the Victory Square which are available under the Victory Square’s profile on SEDAR at www.sedar.com. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement and are made as of the date hereof. Actual results and developments may differ materially from those contemplated by these statements. The statements contained in this news release are made as of the date of this news release. Victory Square disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
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