Mr. Chris Bursey reports

DCS ANNOUNCES SETTLEMENT OF USD $1,500,000 CONVERTIBLE DEBENTURES

Direct Communication Solutions Inc. has arranged its offering of new convertible debentures to settle indebtedness related to the convertible debentures issued by Direct Communication in 2022 having an aggregate principal amount of $1.5-million (U.S.) accruing interest at 10 per cent per annum until the maturity date of Sept. 9, 2024, for an aggregate interest amount of $300,000 (U.S.) for total indebtedness of $1.8-million (U.S.) and any further accruing interest until the closing date, which is expected to occur on Sept. 13, 2024.

The new debentures are unsecured, having a maturity date of the first anniversary of the closing date, and bear an interest rate of 15 per cent per annum, not payable in advance.

Pursuant to the terms of the new debentures, the subscribers may convert all or part of the principal and accrued interest of the new debentures up to and including the maturity date of the new debentures into one share of common stock of Direct Communication at $6 (U.S.) ($8.13 (Canadian)) per share of common stock.

Concurrent with the offering of the new debentures, the company shall grant and issue share purchase warrants on the basis of one-half of one whole share purchase warrant for each $6 (Canadian) of the principal amount of the new debentures, which shall amount to an aggregate of 203,361 whole share purchase warrants, where each warrant may be exercised for a period of two years from the date of grant for the purchase of one share of common stock of the company at $3.20 (Canadian) ($2.36 (U.S.)) per warrant share.

The conversation rate of $1 (U.S.) to $1.3545 (Canadian) is based on the Bank of Canada conversion rate as of Sept. 6, 2024.

About Direct Communication Solutions Inc.

Direct Communication is a technology solution integrator focusing on connecting the Internet of Things. It provides real solutions that solve real problems. Its software applications and scalable cloud services collect and assess business-critical data from all types of assets. Direct Communication is headquartered in San Diego, Calif., and is publicly traded on the OTCQX (DCSX), Canadian Securities Exchange (DCSI) and Frankfurt Stock Exchange (7QU).

We seek Safe Harbor.