EDMONTON, ALBERTA--( Dec. 23, 2016) - Visionstate Corp. (TSX VENTURE:VIS) ("Visionstate" or the "Corporation") is pleased to report on the annual general and special meeting of the shareholders (the "Meeting") held on December 9th, 2016 as scheduled. At the Meeting, the shareholders of the Corporation (the "Visionstate Shareholders") approved, among other things, a statutory plan of arrangement dated as of November 2nd, 2016 (the "Arrangement") under the provisions of the Business Corporations Act (Alberta) ("ABCA") involving, the Corporation, the Visionstate Shareholders and the Corporation's wholly owned subsidiaries, 9952322 Canada Inc. ("Fedco"), White Tie Ventures Corp. ("White Tie") and Bow Tie Acquisitions Corp. ("Bow Tie"), which involves certain exchanges of securities resulting in each of Fedco, Bow Tie and White Tie becoming reporting issuers.