Mr. Warren Barnes reports

PIVOT TECHNOLOGY SOLUTIONS PROVIDES UPDATE ON THE EXCHANGE OFFER FOR ITS SERIES A PREFERRED SHARES

Pivot Technology Solutions Inc., further to its press release of Nov. 21, 2013, will delay the proposed exchange offer to holders of its Series A preferred shares, with mailing of the circular now targeted for mid-January, 2014.

Warren Barnes, chief executive officer of Pivot, stated: "Although we fully expected to initiate the process before Christmas, we were unable to complete all of the tasks and meetings as quickly as we had hoped. The holiday periods proved to be a challenge to our ambitious schedule, but we expect to be in a position to initiate the offer early in the new year, with completion anticipated by the end of February."

Since the exchange offer was announced, holders representing 23 million Series A shares, or 25.9 per cent of the amount of preferred shares outstanding, have provided notice of conversion into common shares. An aggregate of 65,718,880 Series A preferred shares are currently outstanding.

We seek Safe Harbor.