Mr. Mehdi Moghareh reports

OCAL FINANCIAL INC. PROVIDES CORPORATE OVERVIEW FOLLOWING TSX VENTURE EXCHANGE LISTING

Ocal Financial Inc. is providing an overview of its business for the benefit of the investment community, following the completion of its listing on the TSX Venture Exchange.

Ocal operates a virtual automotive dealership and vehicle finance platform built around a single organizing idea: approval first, vehicle second. Instead of pushing a customer through a lot-led process and hoping financing works at the end, Ocal structures a lender-ready approval up front and then sources a vehicle to match it. The entire journey -- application, artificial-intelligence-assisted prequalification with human review, lender routing, vehicle sourcing, digital contracting, remote verification and delivery -- is co-ordinated remotely through one platform. The company was founded in 2021, is licensed as a motor dealer in British Columbia and Alberta, and maintains offices in Vancouver and Edmonton.

The company operates an asset-light model and does not carry owned inventory. Vehicles are sourced only after a customer is approved, primarily through the Openlane auction network and a network of dealer, wholesaler, reconditioning and logistics partners. Ocal earns revenue from several streams: retail and wholesale vehicle sales, which represent the majority of revenue, together with warranty and protection products, documentation and licensing fees, dealer administration fees, and service fees. Importantly, Ocal does not hold the resulting consumer loans and does not assume credit default risk. Its margin is generated from vehicle sales and finance-related products rather than from carrying inventory or lending.

At the core of Ocal is a proprietary, AI-native technology stack purpose-built for automotive transactions. It includes a workflow orchestration layer that automates application intake and lender-ready packaging; a credit-intelligence system that scores lender fit and routes files to the most suitable approvals; a voice AI platform that automates inbound qualification and outbound follow-up with human-in-the-loop escalation; and a centralized business intelligence system that unifies customer management, desking, approvals, delivery and trade-in, supported by a central data warehouse, compliance logging and audit trails.

Ocal intends to expand its licensing footprint beyond British Columbia and Alberta -- beginning with Ontario -- and to continue developing its technology platform, in each case subject to obtaining the required licences and approvals. The company believes its combination of an operating record, an asset-light structure and a proprietary technology platform positions it to pursue national scale with disciplined unit economics.

"Our model is designed to take inventory risk off the table and put financing at the centre of the experience," said Mehdi Moghareh, chief executive officer of Ocal. "That is what lets us grow without the overhead of a traditional dealer network, and it is why the same playbook can travel from province to province."

"Ocal pairs a real, licensed operating business with a technology platform built for scale," said Matthew Friesen, chairman of Ocal. "For investors, that combination -- revenue today and operating leverage tomorrow -- is the thesis."

About Ocal Financial Inc.

Ocal is an asset-light, AI-native virtual automotive dealership and vehicle finance platform. Operating remotely and licensed in British Columbia and Alberta, Ocal moves customers from application to approval, vehicle matching, digital contracting and delivery in a single workflow. Rather than carrying owned inventory, Ocal sources each vehicle only after a customer is approved, drawing on the Openlane auction network and select partners. Ocal earns revenue from vehicle sales and related finance and protection products, and does not hold consumer loans or assume credit default risk. Its proprietary technology stack -- workflow orchestration, a lender routing credit intelligence system, voice AI and a centralized business intelligence system -- is purpose-built for automotive transactions.

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