Mr. Piyush Sawhney reports

DR. PHONE FIX ENTERS DEVICE LIFECYCLE AND FULFILLMENT MOU WITH GEO NOVA SCOTIA

Dr. Phone Fix Canada Corp. has entered into a memorandum of understanding with GEO Nova Scotia (Getting Everyone Online), a non-profit organization focused on advancing digital inclusion across Nova Scotia.

Under the MOU, Dr. Phone Fix will provide a broad range of device life-cycle services supporting GEO's programs, including device procurement and inventory management, donated-device triage, repair and refurbishment, device preparation, accessories, packaging, fulfilment, shipping, tracking, and environmentally responsible disposition, with GEO's approval, of devices that are uneconomical or impractical to repair.

The relationship builds on GEO's digital inclusion programs across Nova Scotia. Since 2022, GEO has distributed more than 8,500 devices, including almost 3,500 refurbished mobile phones and iPads, and has provided more than 4,500 home Internet and mobile phone connections to individuals who otherwise may not be able to afford them. GEO delivers its programs through a network of more than 125 partner agencies across the province.

"This relationship is a strong example of how the infrastructure we have built at Dr. Phone Fix can support customers well beyond the traditional retail environment," said Piyush Sawhney, founder and chief executive officer of Dr. Phone Fix. "We can manage a broad range of device life-cycle services -- from procurement and inventory management to assessment, repair, preparation and ultimately fulfilment to the end-user. We believe this type of institutional relationship represents an important growth opportunity for Dr. Phone Fix as we continue expanding our capabilities across Canada."

Under the commercial structure contemplated by the MOU, Dr. Phone Fix will generate revenue through the sale of devices to GEO, per-device processing services, accessories, and approved repair and refurbishment work, where applicable. DPF will also maintain GEO-owned inventory and manage fulfilment and distribution of devices to GEO program participants and partner organizations.

Each device processed for fulfilment may include services and accessories such as protective cases, screen protection, charging cables and charging equipment, with DPF managing the preparation, packaging, shipment and associated tracking requirements.

Management believes these relationships can leverage DPF's existing national infrastructure, supplier network, repair capabilities and centralized operating systems while creating incremental revenue streams across device procurement, repair, refurbishment, accessories and fulfilment.

About Dr. Phone Fix Canada Corp.

Dr. Phone Fix is an award-winning, eco-friendly and customer-centric integrated device care platform providing repair, refurbishment, certified preowned devices, trade-in solutions, accessories, and related services through its growing national retail network. Founded in 2019, the Company serves consumers and businesses across multiple Canadian markets, delivering convenient and reliable device care solutions through its corporately owned retail network.

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