Mr. Kyle Hall reports

INEO ANNOUNCES THE SALE OF WELCOMING SYSTEMS TO PROSEGUR FOR DELIVERY TO JUMBO CENCOSUD

Ineo Tech Corp. has shipped the first Ineo Welcoming Systems, as per the company's distribution agreement with partner Prosegur Security, for installation at various locations of Jumbo Cencosud in Colombia. As per the agreement, before the end of October, Ineo will be selling and shipping a total of 59 systems, comprising both Welcoming Systems and Welcoming GATEs, which will be installed in four Jumbo retail locations. With approximately 15 systems installed per store, Ineo will be managing an immersive in-store retail media network. Ineo will receive revenue from the sale of the systems as well as continuing software-as-a-service-based revenues from the deployment of the installed Ineo Welcoming Systems.

Jumbo Cencosud, a subsidiary of Cencosud, is a supermarket chain which operates in several countries in Latin America, including Argentina, Brazil, Chile, Colombia and Peru. The Jumbo retail chain offers a wide range of products, including groceries, household items, electronics, clothing etc., and operates over 300 stores across South America. Jumbo is owned by Cencosud, one of the largest and most prominent retail conglomerates in South America, which also owns and operates additional retail businesses, including supermarkets, hypermarkets, department stores, home improvement stores and shopping malls. Over all, Cencosud operates over 1,000 stores under various brand names across Latin America.

"We are thrilled to announce the shipping of this customer order and to be partnering with Prosegur to expand our retail media network into South America," said Kyle Hall, chief executive officer of Ineo. "We had been running pilot systems in these stores since last year and we are happy to have converted the pilot to a full contract with a rollout plan. Installing a large number of systems within a single store delivers a great presence in the store while expanding the advertising capabilities and the revenue-generating opportunities for both Ineo and our partners. The growth potential of this partnership is outstanding and we look forward to working with Jumbo and Prosegur to install more locations."

Under the terms of the Prosegur global distribution partnership agreement, Prosegur has been granted non-exclusive distribution rights to sell, secure, place and install the patented Ineo Welcoming System under its own brand, Prosegur EVO. Prosegur is responsible for financing the manufacturing and distribution as well as the in-store set-up and in-store maintenance of the systems. Meanwhile, Ineo is responsible for on-line provisioning, operating and managing of the media network which powers the EVO digital screens.

About Ineo Tech Corp.

Ineo Tech, through its wholly owned subsidiary, Ineo Solutions Inc., operates the Ineo media network, a digital advertising and analytics solution for retailers. Ineo's patented technology integrates and monetizes digital screens with theft detection sensor gates at the entrance of retail stores. The company's cloud-based platform uses IoT (Internet of things) and AI (artificial intelligence) technology to deliver customized digital advertising to each retail location based on the demographic mix, such as age and gender, of customer traffic at each location. The company also deploys the Ineo Welcoming Network technology through a software-as-a-service-based solution to larger retail chains.

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