VSBLTY Groupe Technologies Corp. announced that it has reached an agreement to acquire the delivery contract for Winkel Media in LATAM. The contract, which was assumed on February 1st, will be captured in definitive contract in the next 45 days and includes installation, monitoring, as well as other monthly servicing components for the network.

In an effort to expeditiously drive the network to profitability as the revenues increase the joint venture partners have agreed to split the services elements among them for greater efficiency and lower costs. This restructuring of the service elements ensures that Winkel Media becomes immediately EBITDA positive. VSBLTY will assume the balance of the debt obligation for the contract for a total of approximately $1.5 Million.

The debt will be renegotiated with the willing assistance of the lender but is expected to be extinguished within 28 months.