Mr. Bill Espley reports

DCS AMENDS NEWS RELEASE AND ANNOUNCES ENTERING INTO A LOAN AGREEMENT AND ISSUANCE OF WARRANTS

Direct Communication Solutions Inc. is amending its news release dated Sept. 5, 2024, and the company will proceed with the completion of a loan agreement with one creditor for an aggregate principal amount of $75,000 (U.S.) ($101,400) with interest charges of 15 per cent per annum on the principal instead of the previously announced amount of $325,000 (U.S.) ($439,400). As additional consideration for agreeing to finance the proceeds of the loan agreements, Direct Communication shall grant common stock purchase warrants to purchase up to 15,000 shares of common stock to the creditors where each warrant will entitle the holder to purchase one share of common stock of Direct Communication for 24 months from the date of issuance of the warrants at an exercise price of $3.14 ($2.32 (U.S.)).

Further, the company also announces that it has entered into a loan agreement with a creditor for an aggregate principal amount of $250,000 (U.S.) ($338,000) with interest charges of 19 per cent per annum on the principal. As an additional consideration for agreeing to finance the proceeds of the aforementioned loan agreement, Direct Communication shall grant common stock purchase warrants to purchase up to 50,000 shares of common stock to the creditor where each warrant will entitle the holder to purchase one share of common stock of Direct Communication for 24 months from the date of issuance of the warrants at an exercise price of $3.09 ($2.29 (U.S.)). The loan agreement and the issuance of the warrants associated with the loan agreement are subject to the prior written approval of the Canadian Securities Exchange.

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, Canadian Securities Exchange and Frankfurt Stock Exchange.

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