CanPR reports operating subsidiary financial results for fiscal year 2024

Toronto, Ontario–(Newsfile Corp. – September 30, 2024) – CanPR Technology Ltd. (TSXV: WPR) (“CanPR” or the “Company”), a leading Canadian technology-enabled immigration services provider, today announced the financial condition and operating results of its operating subsidiary CANPR Technology Inc. (“CanPR Inc.”) for the 12 months ended March 31 . May 2024 (“FY 2024”). The Company completed its reverse takeover of CanPR Inc. (the “RTO”) on June 24, 2024 and its common shares resumed trading on the TSX Venture Exchange on June 27, 2024.

KEY FINANCIAL HIGHLIGHTS OF CANPR INC. FOR FY 2024

• Closed pre-RTO financing with gross proceeds of $2,924,000. For further information regarding the terms of the Pre-RTO Financing, please see the Company’s press release dated June 24, 2024.

• Revenue of $3,923,150 for fiscal 2024, a significant increase compared to $40,035 for the twelve months ended May 31, 2023 (“Fiscal 2023”), reflecting strong user growth and market adoption of CanPR Platform reflects.

• Gross profit of $1,502,833 for fiscal year 2024 compared to $15,474 for fiscal year 2023.

• EBITDA of -$1,063,330 for fiscal 2024 versus -$495,321 for fiscal 2023.

• Net loss of $1,065,119 compared to $495,433 in fiscal 2023.

• Working capital of $2,914,178 as of May 31, 2024.

The full financial statements and Management Discussion & Analysis for CanPR Inc. are available at CanPR’s investor relations website and the Company’s SEDAR+ profile at www.sedarplus.ca.

“CanPR has made significant progress in establishing a growing presence in the immigration market by being the first to offer pre- and post-landing services on one convenient platform,” said Akshat Soni, co-founder and CEO of CanPR Technology Ltd. “We have expanded internationally into the United Arab Emirates and India, where interest in immigrating to Canada remains strong, and we have made important investments in our platform to improve the user experience to set the stage for future growth and create market penetration. We continue to invest to expand our reach and revenue base while providing the best technology-enabled immigration services in the market.”

BUSINESS AND OPERATIONAL HIGHLIGHTS OF CANPR INC. FOR FY 2024

• Appointed three new board members, including new Chairman Stephen A. Smith and new Directors Upekha Jain and Dexter John.

• Expansion into international markets with new offices in Dubai, United Arab Emirates and Delhi, India.

• More than 1.2 million CanPR downloads.

• Monthly active user base of 140,000 and thousands of five-star reviews on Google Play and Apple App Stores.

• Announced a strategic partnership with TELUS to offer a range of innovative solutions to help newcomers stay connected, informed, safe and healthy.

• Significant upgrades and improvements to the platform, including: a more immediate and responsive chat messenger, direct feedback loops and advice to improve accuracy when filling out immigration forms with supported analysis and scoring, a more robust resume builder with job matching optimization and integration with automated generated summaries sent to recruiters for job placement.

Visit www.CanPR.io to learn more and follow CanPR on Facebook, Instagram, TikTok and YouTube.

About CanPR Technology Ltd

CanPR Technology Ltd. is a technology platform dedicated to supporting immigrants on their path to permanent residency in Canada. At CanPR we offer a range of services to assist with the immigration journey. Our platform provides a comprehensive understanding of the process of

Immigration to Canada, completing and tracking immigration applications, connecting newcomers with employers to help them find work, and post-immigration services to help them settle in Canada. Currently, the platform has more than 1,000,000 app installs. For more information about CanPR, visit www.canpr.io.

For further information contact:

CANPR Technology Ltd.
Akshat Soni
CEO and Director
647-692-3846
[email protected]

Kieran Lawler
[email protected]
416-303-0799

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking information” or “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is often identified by the words “may,” “would,” “could,” “should,” “will,” “intend,” “plan,” “anticipate,” “believe,” “estimate.” “expect” or similar expressions.

Investors are cautioned that forward-looking information is not based on historical facts, but rather reflects the expectations, estimates or projections of the Company’s management regarding future results or events, which are based on management’s opinions, assumptions and estimates as of the date made of the statements were considered appropriate. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties and undue reliance should not be placed on such information because unknown or unpredictable factors could have material adverse effects on future results and performance could have or services of the merged company. Key factors and risks that could cause actual results to differ materially from those projected in the forward-looking information include, among others, demand for immigration services; changes in immigration policy; and changes in general economic conditions and financial markets. This forward-looking information may be affected by risks and uncertainties in the Company’s business and market conditions. Should one or more of these risks or uncertainties materialize, or should the assumptions underlying the forward-looking information prove incorrect, actual results may differ materially from those intended, planned, anticipated, believed, estimated or anticipated as described herein. Although the Company has attempted to identify important risks, uncertainties and factors that could cause actual results to differ materially, there may be others that cause results not to meet expectations, estimates or intentions.

The forward-looking information contained herein is based on management’s assumptions, beliefs, expectations and opinions. As of the date hereof, forward-looking information has been made and the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Investors should therefore not place undue reliance on forward-looking information.

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