Mr. James Matthews reports

ARMADA RELEASES Q2 2018 RESULTS

Armada Data Corp. has filed its interim financial results for the quarter ended Nov. 30, 2017, on SEDAR and they are available to view on SEDAR and the company's website.

                                     SELECTED QUARTERLY INFORMATION 
   
Fiscal year          2018        2018       2017       2017       2017       2017       2016       2016
Quarter           Nov. 30,    Aug. 31,    May 31,   Feb. 28,   Nov. 30,   Aug. 31,    May 31,   Feb. 29,
ended                2017        2017       2017       2017       2016       2016       2016       2016

Total revenue    $758,242    $777,838   $594,625   $568,029   $633,385   $595,147   $611,939   $534,779
Comprehensive
income (loss) 
before taxes      166,941     199,064    (38,395)    51,733    117,741    144,743    175,057     79,419
Comprehensive 
income per 
share               $0.01       $0.01      $0.00      $0.00      $0.01      $0.01      $0.01      $0.00

The prior periods' comparative figures have been reclassified, where necessary, to conform to the current year's presentation.

Operations

The company's total revenue increased by 20 per cent in the period ended Nov. 30, 2017, to $758,242 from $633,385 in the same period a year earlier. Comprehensive income increased to $166,941 in this quarter, up 42 per cent from $117,741 at Nov. 30, 2016.

The insurance services division experienced an increase in revenue from $352,177 in the three months ended Nov. 30, 2016, to $382,744 in 2017, or by 9 per cent. The increase in revenue was the result of the concerted effort by the insurance division to process more claims faster.

The company has combined the retail, dealer and advertising/marketing divisions into one segment, known as CarCostCanada, due to the fact that the revenues earned by these divisions come directly or indirectly from the CarCostCanada website and as the company has moved into free trial memberships, the business model for the former retail services division has changed. CarCostCanada revenue was up 31 per cent to $311,960 from $237,735 in 2016. An increase in dealer sales, along with the expansion into Quebec, accounts for this increase in revenue.

The information technology (IT) division revenue increased by 46 per cent to $63,538 in the second quarter of fiscal 2018 ended Nov. 30, 2017, from $43,473 in the same quarter in fiscal 2017. The IT division continues to offer technical support and website hosting to hundreds of customers and is developing new customer relationships on a regular basis, as well as offering new services for sale.

Expenses in this second quarter of fiscal 2018 before amortization increased to $581,435, compared with $505,866, a 15-per-cent increase over the same period last year.

As a result of the income reported by the company in this quarter ended Nov. 30, 2017, the company's deficit decreased to $839,709 compared with $1,142,417 at the quarter ended Nov. 30, 2016. Earnings per share at Nov. 30, 2017, are one cent, unchanged from one cent per share at Nov. 30, 2016.

Management does not plan on issuing any dividends until further notice.

Segmented quarterly information

Revenues earned by divisions were as shown in the attached table.

                                 Three months ended       Three months ended          
                                      Nov. 30, 2017            Nov. 30, 2016  
                                                                                               
Insurance services                    $     382,744            $     352,177  
CarCostCanada                               311,960                  237,735            
IT services                                  63,538                   43,473          
Total revenue -- 
Armada Data Corp.                     $     758,242            $     633,385 

Outlook

The company's outlook is to maintain its current growth pattern and to continue to find new ways to leverage and monetize its new car data, its up-to-date factory incentive platform and its customer list. The following is a short list of initiatives that Armada is building upon to add shareholder value:

1. Continue to enhance the CarCostCanada new car data, display quality, and membership features and benefits;
2. Build upon the existing CarCostCanada national on-line and traditional marketing and awareness programs as well as enhance the membership registration process;
3. Forge new and sophisticated partnerships with its insurance company clients, car business suppliers and new car marketing agencies to grow the CarCostCanada membership base;
4. Develop new first-to-the-market tools and features that will provide new car buyers with additional tools to improve their new car buying experience and relationships with their new car dealerships;
5. Continue the company's growth pattern in the insurance services division by adding additional Canadian insurance companies to its client list.

About Armada Data Corp.

Armada Data is a Canadian publicly traded information and marketing services company providing accurate and real-time data to institutional and retail customers through developing, owning and operating automotive pricing-related websites, and providing information technology and marketing services to its clients.