Mr. Chris Giordano reports

MIMEDIA SIGNS DISTRIBUTION AGREEMENT WITH SHENZHEN DOKE ELECTRONIC COMPANY, PARENT COMPANY AND MANUFACTURER OF TWO LEADING SMARTPHONE BRANDS, BLACKVIEW AND OSCAL, THAT SHIP DEVICES TO 15+ COUNTRIES WORLDWIDE

Mimedia Holdings Inc. has signed a global distribution agreement with Shenzhen Doke Electronic Company, the parent company and manufacturer of two leading smart phone brands -- Blackview and Oscal.

Founded in 2013 and headquartered in Shenzhen, China, Shenzhen Doke Electronic Company makes high-quality smart phones, rugged devices, tablets, wearables and audio products, with the mission that high-quality technology does not need to cost a fortune. Doke's devices are distributed worldwide via on-line sales and through partnerships with telecom carriers and retailers.

Doke's primary smart phone brand, Blackview, is a technology brand originally known for rugged phones built for outdoor adventures and demanding environments. Over the past 12 years, Doke expanded Blackview's portfolio to include rugged smart phones, mainstream smart phones, rugged tablets, tablets, mini PCs (personal computers), laptops, earbuds, smartwatches, smart locks and a wide range of other smart devices. Blackview operates a 30,000-square-metre factory in China and places strong emphasis on quality and service. In recent years, Blackview has maintained steady annual growth, serving customers in more than 15 countries, including Russia, France, United States, Germany, Iraq, Israel and South Africa.

The more recently launched brand (2022), Oscal, is a core sub-brand of Blackview. Innovation-driven Oscal aims to build a seamless bridge between people and the digital world, focusing on outdoor-ready smart technology for global users including rugged smart phones, tablets, wearables and portable power stations.

Under the terms of the agreement, Mimedia will integrate its platform onto Blackview and Oscal devices, including rugged smart phones, smart phones, rugged tablets, smart tablets, mini PCs and laptops. As an industry leader for over a decade, Doke manufactures millions of high-quality smart phones per year. Mimedia's next generation consumer cloud platform can provide the company's newest partner Doke with a unique churn-reducing product, immediate market differentiation and multiple high-margin and recurring revenue streams.

Mimedia chief executive officer Chris Giordano stated: "We are excited to be partnering with Doke and integrate onto their deeply respected and widely distributed smart phone brands -- Blackview and Oscal. Doke smart phones are of the highest quality and have always been well received by consumers. It is a special privilege for Mimedia to be an important part of their consumer experience as well as an exciting business opportunity for both parties. This partnership considerably expands Mimedia's country and language reach and provides a platform for excellent revenue growth. Both sides are working now for Mimedia to be integrated on smart phones slated for near-term shipment."

Mr. Giordano continued: "More broadly, this newly signed partnership reflects the strength of our expanding business development pipeline all over the world. OEMs, telcos and electronic retailers are showing high interest in generating new, recurring and high-margin revenue streams through strategic, value-added digital services like consumer cloud. We are excited about this demand and expect to bring more partners into the portfolio. Any new partnership like this one with Doke adds to the trajectory of devices expected for this year and the potential for growth in recurring revenue and cash flow. We expect for our pipeline to expand further, as shipments happening in the market today with existing partners start to generate revenue, high ARPU, and cash flow for our partners and Mimedia."

About Mimedia Holdings Inc.

Mimedia provides a next-generation consumer cloud platform that enables all types of personal media to be secured in the cloud, accessed seamlessly at any time, across all devices and on all operating systems. The company's platform differentiates with its rich media experience, robust organization tools, private sharing capabilities and features that drive content re-engagement. Mimedia partners with smart phone makers and telecom carriers globally, and provides its partners with recurring revenue streams, improved customer retention and market differentiation. The platform services engaged users all around the world.

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