Mr. Antonio Comparelli reports

BNSELLIT TECHNOLOGY INC. ANNOUNCES Q2 REVENUE GROWTH

Bnsellit Technology Inc. has provided an update on revenues for the period ending June 30, 2023.

Financial Highlights (unaudited)

• The Corporation defines Annualized Recurring Revenue (ARR), a non-IFRS metric, as the annualized recurring revenue expected, based on trailing monthly revenue, for its Metaguest.Ai services;
• BNSL ARR rose to $363,672 as at June 30, 2023 up from $173,412 as at March 31, 2023;
• Monthly recurring subscription revenue increasing from $16,130 in April to $26,509 in May and $30,306 in June 2023.

Tony Comparelli, CEO and Director commented, "We continue to see incredible revenue growth in hotels currently utilizing the Metaguest.Ai platform. The increasing number of guests engaging with Metaguest.Ai during their stay is contributing to the platform's evolving intelligence, significantly impacting revenue-generating transactions for hotels, their partners, and BNSL. Additionally, we are delighted to witness a tremendous level of interest from hotels seeking to adopt the Metaguest.Ai platform. This is exemplified by the recent signing of the two largest hotels in Manhattan in the latest quarter of 2023, which collectively offer nearly 2,000 rooms."

About BnSellit Technology Inc.

BnSellit Technology Inc. is a cutting-edge technology company that develops advanced AI platforms for the hospitality industry designed to enhance the guest experience. Our flagship products, BnSellit and Metaguest.AI are comprehensive solutions that addresses all aspects of the guest journey, from pre-arrival to post-departure. Features include on-property e-commerce with electronic payments, real-time in-room service management, mobile check-out, personalized in-room controls, local experience/event bookings, virtual personal concierge and more. Guests engage in over 16 languages, on any connected device and without the need to download an app or visit a web site. By leveraging the platforms, hotels, resorts and short-term rental property owners can improve their operational efficiency, personalize the guest experience, increase revenue and overall customer satisfaction.

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