TrustBIX Inc. Announces Development of Software Platform and Transition of Support Services

Executive Summary

• TrustBIX announced a strategic shift away from its legacy Auction Master Pro (AMP) software toward a new “Gate to Plate®” (G2P) platform that integrates livestock auction market software with the recently‑acquired Indoor Farm Management System (IFMS).
• The company is assigning all AMP support contracts to IT Group, ending direct service delivery for AMP while maintaining continuity for existing customers.
• Although AMP‑related revenue (~ $1.1 M annually) will be reduced, TrustBIX expects to offset the loss with indoor‑farming technology sales backed by purchase orders and contracts exceeding $5 M, with revenue recognized upon product delivery.

Key Details

• Strategic Focus: Development of a modern livestock auction market software solution integrated into the G2P platform; emphasis on SaaS licensing through strategic partners rather than direct installation/support.
• Support Contract Transfer:
• Agreement dated Oct 10 2025 between TrustBIX (via subsidiary ViewTrak Technologies Inc.) and Cristel Baber DBA I.T. Group (“IT Group”).
• IT Group assumes all AMP customer support and maintenance responsibilities.
• Existing customers with active annual Support Contracts receive uninterrupted service at no additional cost for the remainder of their terms; new customers can obtain support under IT Group’s own agreements.
• Revenue Impact:
• AMP‑related recurring and one‑time revenue: approximately $1.1 M in FY2025 (ended Sep 30, 2025) and FY2024 (unaudited).
• Anticipated offset from indoor‑farming technology contracts: > $5 M total purchase orders/contracts announced previously (April 14 2024 & Sept 12 2024).
• Regulatory Conditions: Transfer of Support Contracts subject to TSX Venture Exchange approval, customary closing conditions, and any required third‑party consents.
• Timeline: Realignment positioned to support the active spring season in early 2026.

Notable Quotes

• “This evolution modernizes our software offerings and separates solution development from service delivery, allowing each function to scale independently and operate with greater focus.” – Hubert Lau, President & CEO

Materiality Assessment: Material – Positive (the announcement outlines a significant strategic pivot expected to drive future SaaS revenue growth and mitigate existing product line decline).