Subject: Identillect Technologies press release for immediate dissemination
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File: '\\swfile\EmailIn\20250929 101609 Attachment Identillect PR - sets date for consolidation name change (9-29-25).docx'
FOR IMMEDIATE RELEASE
Identillect Technologies Sets Date for Share Consolidation and Name Change
September 29, 2025, Poway, CA, Identillect Technologies Corp. (the "Company" or "Identillect") (TSXV: ID), a leader in blockchain-embedded email encryption solutions, further to its press release on September 17, 2025, is pleased to announce that it will complete the previously announced consolidation of its issued and outstanding common shares on a 30:1 basis (the "Consolidation") and a change in the Company's name from Identillect Technologies Corp. to Secure Blockchain Development Corp. (the "Name Change"), effective at the opening of the market on Friday, October 3, 2025. Subsequent to the Consolidation and Name Change, the Company will have approximately 9,812,754 common shares issued and outstanding.
There will be no change to the Company's trading symbol (TSXV: ID).
New share certificates will be issued under new CUSIP and ISIN numbers, which are CUSIP: 81373W108 / ISIN: CA81373W1086. Holders of shares of the Company who hold uncertificated shares (that is shares held in book-entry form and not represented by a physical share certificate), either as registered holders or beneficial owners, will have their existing book-entry account(s) electronically adjusted by Computershare Trust Company ("Computershare"), the Company's transfer agent or, in the case of beneficial shareholders, by their brokerage firms, banks, trusts or other nominees that hold in street name for their benefit. Such holders generally do not need to take any additional actions to exchange their pre-consolidation shares for post-consolidation shares. If you hold your shares with such a bank, broker or other nominee, and if you have questions in this regard, you are encouraged to contact your nominee.
Registered shareholders holding share certificates will be mailed a letter of transmittal from Computershare advising of the Consolidation and instructing them to surrender the share certificates representing pre-consolidation shares for replacement certificates or a direct registration advice representing their post-consolidation shares.
The Company believes that the Consolidation may have the effect of, among other things: increasing the interest of the financial community in the Company and potentially broadening its pool of investors; improving trading liquidity; and reducing trading commissions and other transaction costs for shareholders.
Todd Sexton, the Company's CEO, commented: "We believe that the name Secure Blockchain Development Corp. more accurately reflects our current business and our ongoing initiatives in the blockchain space. Identillect originally expanded its email encryption offering in 2017 with the integration of blockchain technology to maximize audit log integrity of emails and address Man-in-the-Middle attacks and has since expanded its use as it builds on the blockchain technology. Identillect's secure and trusted blockchain technology creates integrity checks through every level of communication, limiting the possibility of security breaches which plague businesses in all verticals. We will continue to explore additional opportunities within the ecosystem of technologies, applications and industries built around blockchain technology."
About Identillect
Identillect Technologies is the leading provider of blockchain-embedded email encryption services, utilizing blockchain to secure, verify and ensure financial and real-estate transaction integrity. Blockchain is utilized in Identillect's flagship Delivery Trust(TM) cybersecurity platform protecting against cyber security attacks.
Delivery Trust(TM) leverages the Ethereum blockchain for a uniquely secure solution. By drawing on the inherent value proposition of the blockchain ledger, Delivery Trust(TM) relies on 11 unique integrity factors which are stored on the Ethereum ledger for every email that is composed. This digital fingerprint is then encrypted by the Advanced Encryption Standard (AES) key algorithm and placed on a decentralized ledger that must precisely match the recipient's key.
On Behalf of the Board of Directors of:
IDENTILLECT TECHNOLOGIES CORP.
Todd Sexton
Chief Executive Officer
Tel: (949) 468-7878
Email: todd.sexton@identillect.com
For more information, visit www.identillect.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.
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