ProStar Holdings Inc. (TSXV: MAPS; FSE: 5D00)

Summary

ProStar® is a world leader in Precision Mapping Solutions®. ProStar’s flagship product, PointMan, is natively cloud and mobile and is offered as a Software as a Solution (SaaS). ProStar’s solutions seamlessly connects the field with the office and provides the ability to precisely capture, record, display, and manage critical infrastructure data in real-time, including roads, railways, pipelines, and utilities. ProStar’s solution has been adopted by some of the largest entities in North America, including Fortune 500 construction firms, subsurface utilities engineering (SUE) firms, utility owners, and government agencies.

ProStar has strategic business partnerships with the world’s leading geospatial technology providers, data collection equipment manufacturers, and their dealer networks, including Trimble®, Juniper® Systems, Bad Elf, Vivax-Metrotech, Radiodetection®, and Subsite® Electronics.

The Company has made a significant investment in creating a vast intellectual property portfolio that includes 19 issued patents in the United States and Canada, with more pending. The patents protect the methods and systems required to digitally capture, record, organize, manage, distribute, and display the precise location of critical infrastructure including, buried utilities and pipelines.

ProStar’s Executive management team has extensive experience in the management of both early stage and Fortune 500 technology companies in the private and public sectors. The leadership team includes Vasa Dasan, former CTO of Sun Microsystems, Carl Lashua, previous Chief Information Officer of HSBC Canada and Europe, and Matthew Breman, prior Executive for Disney.

For more information about ProStar, please visit: www.prostarcorp.com.

Stock Chart

Share Structure

Common Shares Issued: 91,137,861*
Broker warrants exercisable at $0.40: 847,887
Broker warrants exercisable at $0.70:  100,100
Share Purchase Warrants exercisable at $0.56: 10,000,000
Share Purchase Warrants exercisable at $0.60: 7,000,000
Share purchase Warrants exercisable at $1.00: 715,000
Incentive Stock Options at $0.40: 7,000,000
Incentive Stock Options at $0.73: 375,000
Fully diluted Shares: 117,175,848
Cash: ~CAD 4million**
Debt: None
Director, management and employee ownership: ~30%

*  ~46m shares are subject to resale restrictions ranging from 12 to 36 month release schedules, with the first tranches released 6 months from trade date.

** As at March 10, 2021

Management Profiles

Page Tucker CEO

Page Tucker has an extensive background in technology start-ups, including development, marketing, recruiting, capital financing and executive management. Page first became known as a technology visionary in the automotive industry for combining data mining and predictive modeling with geographic information systems. Page was the founder of Impact Solutions, Inc., a Silicon Valley based company he formed to provide state-of-the-art customer acquisition and retention solutions to the automotive industry. Page reorganized Impact Solutions and formed e-autobusiness, the pioneer in the development of a web-based CRM solution that provided services to well over 900 dealerships throughout the United States before being acquired. Page went on to author several patents based on geospatial technology including the methods for capturing, recording and displaying the precise location of buried utilities and in 2014 founded ProStar Geocorp. In 2016 the Colorado Technology Association named him Entrepreneur of the Year for his efforts and innovations in developing Geospatial Intelligence Software.

 Vasa Dasan COO

Vasa Dasan is responsible for building, managing and leading the Product Management, Software Development, DevOps, Professional Services and Customer Success at ProStar GeoCorp. Prior to that Vasa was the VP of Engineering at Symplified, a single sign-on startup acquired by RSA a division of EMC-DELL. Prior to Symplified, Vasa was the first engineering hire at Wayin, a mobile and web engagement platform founded by Scott McNealy. As CTO, Vasa built and led the team that developed Wayin’s services for iPhone, iPad and Android devices, social media applications including Facebook and Twitter, and Java backend services operating on Amazon Web Services. Vasa spent more than 15 years of his career at Sun Microsystems. He served as chief technologist for the company’s Cloud Computing Practice, and he spent more than a decade as Distinguished Engineer and CTO for Sun’s $5.1 billion SunService division. He joined Sun as a staff engineer for SunSoft and worked on Solaris Operating System. Before Sun, Vasa held engineering positions at Intergraph and Hewlett Packard.

Carl Lashua VP of Admin Services

Carl Lashua is a proven senior executive with extensive international experience building and leading information technology, operations and program management teams. Prior to joining ProStar  Carl was with HSBC, one of the world’s leading global financial services companies. Carl held various executive level positions in both North America and Europe including Program Director Global Change Delivery, Head of Software Delivery Europe, CIO France and CIO Canada. He has extensive experience leading teams providing business consulting, software engineering, enterprise technology deployment, change management and support services. He earned his Bachelor of Science (BS), Information Technology with concentrations in Economics and Business Administration from State University of New York College at Buffalo. Carl has proudly served as a board member for several organizations, including: The National Hospice Foundation, Canadian Payment Association; and the New York Cash Exchange.

Matthew Breman VP Marketing

Matthew Breman is a results-proven leader with over 25 years of marketing and communication experience. Specializing in delivering new products and ideas to market with a very experiential and customer-centric delivery, he has helped a broad range of brands including, MTV / Nickelodeon, Disney Resorts, and Microsoft succeed.  While the head of  Cranium 360, he moved the company from start-up to a national award-winning marketing agency.  He has worked closely with great clients and brands such as Johns Manville, Enstrom’s Toffee, national franchisors, banks, and hospitals. Matthew’s experience, across a wide variety of clients, includes successfully bringing new products to market in industrial manufacturing, medical technologies, professional services, health, and beauty.