Mr. Sruli Weinreb reports

FINDEV INC. ANNOUNCES 2017Q2 RESULTS

Findev Inc. has released its second quarter 2017 financial results.

During the quarter ended June 30, 2017, key financial highlights are as follows:

• General and administrative expenses declined $94,323 or 47.7 per cent versus the prior quarter.
• Operating income increased to $225,163 or 55.4 per cent of revenues.
• Net income increased to $270,716 or 66.7 per cent of revenues.

Management continued to execute its business plan during the second quarter by reducing operating expenses and will seek to continue to reduce operating expenses further during the third quarter to its optimal level.

The corporation declared its third consecutive dividend and anticipates declaring the forth in September.

Management is pleased with the speed at which the corporation has been able to reduce operating costs and successfully transition from a technology company to a finance company in a manner that provided for optimal capital preservation.

About Findev Inc.

Findev is a real estate financing company that lends money to residential and retail development projects within the Greater Toronto Area (GTA). Findev's unique market advantages include its expertise in real estate development and access to its development partners. This provides Findev with a strategic advantage in lending to developers engaged in challenging projects.

We seek Safe Harbor.