Shelfie-Tech arranges $2-million (U.S.) financing

Mr. Gadi Levin reports SHELFIETECH LTD. ANNOUNCES PRIVATE PLACEMENT OF UP TO $2 MILLION Shelfie-Tech Ltd. will proceed with a non-brokered private placement of up to two million common shares in the capital of the company at $1 (U.S.) per common share for gross proceeds of up to $2-million (U.S.). In connection with the offering, the company will pay finders' fees of up to 8.0 per cent of the gross proceeds raised by the company from the sale of common shares to subscribers directly introduced to the company by eligible finders, all in accordance with the policies of the Canadian Securities Exchange. Proceeds of the offering will be used for corporate purposes, research and development (R&D), acquisitions, and working capital. Closing of the offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the Canadian Securities Exchange. The offering is not subject to a minimum aggregate amount of subscriptions. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation and the CSE. About Shelfie-Tech Ltd. Shelfie-Tech is a technology company focused on providing shelf inventory management technological solutions for the retail industry, in particular for large grocery stores and supermarkets. Using patent-pending technology, Shelfie-Tech's technological solution includes a robotic retail shelf monitoring system, which uses its self-developed proprietary software that utilizes machine learning and image processing algorithms to automatically optimize shelf inventory management. We seek Safe Harbor.