(via TheNewswire)

Vancouver, B.C. – TheNewswire - May 4, 2026 – Mobio Technologies Inc. (TSXV: MBO) (“Mobio” or the “Company”) is pleased to announce that You Move Me LLC (“You Move Me”, the “Purchaser”), a company wholly-owned by the Company’s subsidiary Tracksuit Movers Inc., has entered into a non-binding letter of intent dated May 1, 2026 (the “LOI”) to purchase all of the franchise rights and assets in several entities controlled by Easy Moves Holdco LLC (the “Sellers”), for total consideration of US$5,000,000 (the “Asset Purchase”). The Asset Purchase constitutes a non-arm’s length transaction, as further described under “Non-Arm’s Length Transaction” below.

You Move Me is the franchisor of the You Move Me franchise system throughout the United States.  The Sellers operate You Move Me franchises across six metropolitan markets: Kansas City, Minneapolis/St. Paul, Denver, Salt Lake City, Indianapolis and St. Louis (collectively, the “Franchise Locations”). The purchase is an asset purchase and no cash, prepaids or deposits will be purchased, and no liabilities will be assumed.  The transaction will bring the Franchise Locations under You Move Me as corporately-owned locations.

The Asset Purchase is expected to be funded through a combination of the Purchaser’s own cash and loans from parties related to the Company, in such amounts to be determined.  

Completion of the Asset Purchase remains subject to the negotiation and execution of definitive agreements, satisfactory completion of due diligence by the Purchaser, the receipt of all required third-party consents, acceptance by the TSX Venture Exchange and the satisfaction of customary closing conditions, and cannot close until the required TSX Venture Exchange acceptance is obtained. There can be no assurance that definitive agreements will be entered into on the terms contemplated by the LOI, or at all, or that the Asset Purchase will be completed as proposed or at all. Investors are cautioned that, except as disclosed in this news release in connection with the Asset Purchase, any information released or received with respect to the Asset Purchase may not be accurate or complete and should not be relied upon.

Transaction Details:

Proposed Closing Date: June 1, 2026, or such later date as determined upon TSX Venture Exchange acceptance of the Asset Purchase (the “Closing Date”).

Purchase Price: Total consideration of US$5,000,000, payable as follows: (a) US$1,000,000 on closing; (b) US$1,000,000 on September 30, 2026; and (c) the remaining US$3,000,000 in 20 quarterly payments over, with simple interest accruing on the principal balance at 5% per annum.

Funding of Cash Consideration: The cash consideration payable in connection with the Asset Purchase is expected to be funded through a combination of operating cash flows generated by the Company and additional loans from the Company's existing lenders, who are themselves related parties of the Company, with the precise allocation, amounts and terms to be finalized at closing. Any such related-party loans will be subject to compliance with the applicable requirements of MI 61-101 and the policies of the TSX Venture Exchange.

Mobio Share Option: In connection with the Asset Purchase, Easy Moves LLC will grant a nominee to be designated by the Purchaser, a three-year option (the “Share Option”) to purchase all or a portion of the 11,777,780 common shares of Mobio (the “Mobio Shares”) held by Easy Moves LLC at a price of CAD$0.10 per share. During the term of the Share Option, Easy Moves LLC will provide the Purchaser’s nominee, with a proxy to vote the Mobio Shares.

Finder’s Fees: No finder’s fees are payable in connection with the Asset Purchase.

Non-Arm’s Length Transaction: The Asset Purchase and the Share Option each constitute a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”), on the basis that (i) Easy Moves LLC is a “related party” of the Company by virtue of being a significant shareholder, and (ii) Josh Herron, a director of the Company, holds an indirect ownership interest in all of the Sellers and serves as a manager of Easy Moves LLC. Accordingly, the Asset Purchase constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. The Company is obtaining a formal valuation of the assets being purchased from an independent third-party valuator. The Asset Purchase and Share Option will be subject to review and acceptance by the TSX Venture Exchange in accordance with its policies applicable to non-arm’s length transactions.

Message from Laurie Baggio, CEO:

"Mobio Brands (TSXV: MBO) is proud to announce the signing of a non-binding Letter of Intent to acquire the Franchise Locations of the strategic markets of Kansas City, Minneapolis/St. Paul, Denver, Salt Lake City, Indianapolis, and St. Louis. These franchise locations have a long operating history within the network, bringing them under direct corporate ownership is intended to support disciplined growth, operational consistency, and continued investment in the brand. Integration of the Franchise Locations into our corporate portfolio marks a significant milestone in our mission to scale the You Move Me system across North America."

About Mobio Technologies Inc.

Mobio Technologies Inc. ( MobioBrands.com ) , a TSX Venture Exchange-listed company (TSXV: MBO ), is actively building a leading portfolio of moving and moving-related service brands, united by a dedication to quality, integrity, and exceptional customer experiences. As a public company, Mobio strategically invests in both moving services and technology solutions, aiming to provide homeowners, businesses, and entrepreneurs with a trusted, seamless network for all moving and relocation needs.

For additional information, please contact:

Laurie Baggio, CEO

Tel: 604-805-7498

Email: Investors@MobioBrands.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Other than statements of historical fact, all statements included in this news release, including, without limitation, statements regarding completion of the Asset Purchase, future plans and objectives of Mobio, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those expected by Mobio are those risks described herein and from time to time, in the filings made by Mobio with Canadian securities regulators. Those filings can be found on the Internet at: www.sedarplus.ca .

Neither the TSX Venture Exchange nor its Regulatory 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.

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