Mr. Tom Beckerman reports

PRODIGY VENTURES INC. ANNOUNCES RECORD FINANCIAL RESULTS

Prodigy Ventures Inc. has released its results for the three and nine months ended Sept. 30, 2016.

"Prodigy has continued its run of record revenue with its Q3 2016 results released today," commented Tom Beckerman, Prodigy's chief executive officer. "Our growth is based upon delivering continued success for our enterprise clients. And, our expanded R&D investments in our new ventures in mobile video, proximity, wearables, 3-D and augmented reality will be reflected in upcoming product launches in 2016 and 2017."

Year-to-date financial highlights:

• Revenue increased $3,727,949, from $4,493,372 to $8,221,321, a year-over-year increase of 83 per cent.
• Gross profit increased $1,303,069, from $1,451,153 to $2,754,222, a year-over-year increase of 90 per cent.
• Operating expenses increased $679,867, from $1,022,627 to $1,702,494.
• Net income totalled $756,706 or one cent per share, basic and diluted, as compared with $327,442 or zero per share, basic and diluted, in the comparative period.
• The company ended the period with working capital of approximately $1,841,906, as compared with $1,135,010 at Dec. 31, 2015, leaving Prodigy in a good position to grow the company in 2017.

Third quarter financial highlights:

• Revenue increased $480,772, from $2,335,971 to $2,816,743, a year-over-year increase of 21 per cent. The increase in revenue was due to new service contracts entered into by the company.
• Gross profit decreased $41,986, from $931,118 to $889,132, a year-over-year decrease of 4.5 per cent.
• Operating expenses increased $3,389, from $649,862 to $653,251. The company incurred increased management and staff costs, as well as increased research and development expenditures, during the period. In the comparative period, the company had incurred a number of non-recurring expenses associated with the company's qualifying transaction.
• Net income totalled $167,550 or zero per share, basic and diluted, as compared with $204,153 or zero per share, basis and diluted, in the comparative period.

                                              Three months ended Sept. 30,      Nine months ended Sept. 30,
                                                      2016           2015              2016           2015
                                                     
Revenue                                        $ 2,816,743    $ 2,335,971       $ 8,221,321    $ 4,493,372
Gross profit                                       889,132        931,118         2,754,222      1,451,153
Expenses                                           653,251        649,862         1,702,494      1,022,627
Net and comprehensive income for the period        167,550        204,153           756,706        327,442
Net income per share -- basic and diluted             0.00           0.00              0.01           0.00

To review the complete unaudited consolidated interim financial statements and the Q3 2016 management discussion and analysis, please see the company's SEDAR filings under the company's profile on SEDAR, or visit the company's website.

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