Mr. Andrew Duncan reports

BOARDWALKTECH EXPANDS MOMENTUM WITHIN TOP 5 US BANK AND WITH PARTNERS

Boardwalktech Software Corp. has continued expansion in one of its banking customers, which is a top-five U.S. bank. Boardwalktech reached an important milestone at the end of January, 2025, in the delivery of its Velocity product, increasing annual recurring revenue and expanding professional services agreements with multiple partners through 2025, which will deliver over $300,000 of incremental revenue to Boardwalktech from this engagement, which represents a doubling to comparable levels last year for the company. This joint professional services work is also critical to the projected contractual increase in annual recurring revenue when the bank renews its licence in April.

Banks continue to face mounting regulatory pressure to mitigate and improve the risks associated with end-user computing applications (EUCs). Many of these EUCs are developed and managed using Microsoft Excel, which has become an integral part of how banks manage and report on many areas of their business. Boardwalktech's innovative Velocity solution empowers banks and insurance companies to effortlessly achieve their regulatory and compliance objectives through the seamless migration and transformation of Excel-based EUCs to information-technology-controlled-and-managed business applications, setting new industry standards. Boardwalk Velocity rapidly delivers significant business process improvements, full compliance with regulatory standards and improved risk reduction, allowing banks to understand, report and make more timely decisions, improving overall results. All of this is done 15 times faster and more economically than the company's nearest competitor.

This issue of EUC transformation, which banks have historically avoided due to its extensive scope, reliance on exhaustive manual solutions, highly intricate nature and overall cost to mitigate can no longer be ignored by relying on conventional brute-force solutions. In light of the evolving regulatory environment and risk management implications, EUC transformation and improving the risks associated with EUCs have evolved into a top priority in most banks.

"Our continued contract expansion within our top-five U.S. bank client is a testament to the value that Boardwalktech's Velocity and our people can deliver to major financial institutions. Currently, through both Boardwalktech employees and our very important delivery partners, we have over 50 dedicated people working to deliver the Velocity solution across the bank," said Andrew T. Duncan, chief executive officer of Boardwalktech. "Yet, it isn't just the expansion within the current client that excites us. These partners and other potential partners are seeing the documented value-add of the Velocity solution and directly applying that learning towards other new opportunities. Thus, we fully expect to see other banks adopt the Velocity solution as we continue to outpace any competition with regard to speed of delivery, improvement of the risk management and transformation of these EUCs."

About Boardwalktech Software Corp.

Boardwalktech has developed a patented digital ledger technology platform currently used by Fortune 500 companies running mission-critical applications worldwide. Boardwalktech's digital ledger technology (and its unique method of managing vast amounts of structured and unstructured data) is the only platform on the market today where multiple parties can effectively work on the same data simultaneously while preserving the fidelity and provenance of the data. Boardwalktech can deliver collaborative, purpose-built enterprise information management applications on any device or user interface with full integration with enterprise systems of record in a fraction of the time it takes other non-digital-ledger-technology-based platforms. Boardwalktech is headquartered in Cupertino, Calif., with offices in India and operations in North America.

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