Trustbix to change focus to licensing technology

Mr. Hubert Lau reports TRUSTBIX INC. ANNOUNCES DEVELOPMENT OF SOFTWARE PLATFORM AND TRANSITION OF SUPPORT SERVICES Trustbix Inc. has made a strategic shift in its technology development and service delivery model. The company has initiated the development of a modern livestock auction market software solution. It is expected that this new solution will be integrated with the indoor farm management system, recently acquired from Mindsgate Ltd. (as announced on Oct. 3, 2025, and subject to TSX Venture Exchange approval), within a unified technology framework, the Trustbix Gate to Plate platform (G2P), which is designed to deliver scalable digital solutions across agriculture and food production. The timing of this change allows the company to focus on developing the new G2P platform in preparation for the active spring season in early 2026. Following a review of its operations and recent acquisition, Trustbix has identified challenges within its existing Auction Master Pro business, including the loss of key resources, long development cycles and slower-than-expected revenue growth. In response, the company is undertaking this strategic realignment to transition away from the AMP software and related direct installation and support services. Instead, the company will focus on developing and licensing technology through strategic partners, enabling more efficient resource allocation, accelerating innovation, and generating SaaS (software as a service) revenue. This evolution modernizes the company's software offerings and separates solution development from service delivery, allowing each function to scale independently and operate with greater focus. To support this shift, Trustbix, through its wholly owned subsidiary ViewTrak Technologies Inc., has entered into an agreement dated Oct. 10, 2025, to assign and transfer its AMP support contracts to Cristel Baber DBA IT Group. Under the agreement, IT Group will assume all customer support and maintenance responsibilities. Customers with active annual support contracts will continue to receive services from IT Group at no additional cost for the rest of their current term. IT Group will also make support available to customers without active contracts under its own service agreements. This ensures continuity of service for existing AMP customers while enabling Trustbix to concentrate on building the next generation of agricultural technology. Recurring and one-time revenue from AMP, including support contracts, represented approximately $1.1-million in each of the fiscal years ended Sept. 30, 2025 (unaudited), and 2024. While this transition will reduce AMP-related revenue, Trustbix anticipates offsetting this through sales of its indoor farming technology, supported by purchase orders and contracts totalling over $5-million, as previously announced on April 14 and Sept. 12, 2024. Revenue from these contracts is expected to be recognized upon product delivery. The assignment and transfer of the support contracts remain subject to regulatory approvals, including TSX Venture Exchange approval, and customary closing conditions and third party consents, where applicable. About Trustbix Inc. Trustbix is an agricultural technology company providing Gate to Plate solutions to create a world where there is more trust and less waste and sustainable practices are rewarded. Its award-winning technologies offer practical tools trusted by local and international agrifood organizations. We seek Safe Harbor.