Mr. Mehdi Moghareh reports

OCAL FINANCIAL SIGNS EXCLUSIVE AGREEMENT WITH SALESCLOSER TECHNOLOGIES TO DEPLOY AI SALES AGENTS ACROSS THE VEHICLE-FINANCE JOURNEY

Ocal Financial Inc. has signed an exclusive agreement with SalesCloser Technologies Ltd. to deploy SalesCloser's conversational artificial intelligence sales agent technology across Ocal's vehicle finance operations. The agreement gives Ocal the rights to use SalesCloser's technology in its market, utilizing Ocal's proprietary knowledge base.

SalesCloser, based in Vancouver and listed on the TSX Venture Exchange, builds AI-powered virtual sales agents that hold real, personalized sales conversations over voice, video and browser-based calls. Its agents qualify leads, run product demonstrations, answer questions, follow up and schedule meetings, in multiple languages, and integrate with existing customer relationship management and business systems. The platform is designed to give a business far more selling capacity without adding people at the same rate while keeping every interaction consistent and on message.

For Ocal, the agreement is a meaningful step-up in capability. The company already uses voice AI to reach and qualify people looking to finance a vehicle. SalesCloser's technology extends that from voice alone to full conversational selling across voice, video and screen-shared demonstrations, handled by AI agents that can operate at scale and around the clock. Ocal intends to put these agents to work across its funnel, from first contact through to guiding a customer toward an approval.

Ocal and SalesCloser also intend to work together on technology aimed at a larger goal: an AI system that can manage the entire vehicle purchase cycle from end to end. The objective is for AI agents to take a customer from first contact, through financing and the structuring of an approved deal, to closing, and through to sourcing the right vehicle from the Openlane network that Ocal already uses.

If realized, that kind of end-to-end automation would sit at the centre of Ocal's economics. Much of the cost and time in auto finance comes from the human work of engaging customers, structuring deals and moving each one through to financing. Software that can carry more of that work, consistently and at scale, is directly relevant to Ocal's cost per financed deal, the speed of its cycle and its ability to grow across markets without increasing head count at the same pace. It is also the kind of capability that is difficult for a traditional, lot-based dealer to match.

Securing this technology on an exclusive basis in its market is intended to give Ocal an advantage that competitors cannot simply license for themselves. Combined with Ocal's existing credit-routing, lender network and Openlane sourcing, the addition of SalesCloser's AI agents is meant to strengthen the part of the business, customer engagement and conversion that most directly drives growth.

"This moves our AI capabilities to the next generation," said Mehdi Moghareh, chief executive officer of Ocal. "We already use voice AI to reach customers. With SalesCloser, we are adding AI agents that can actually sell, over voice, video and live demonstrations, and we have secured that technology exclusively for our market. It is a genuine step change in what our platform can do.

"Our goal with SalesCloser is bigger than any single feature," added Mr. Moghareh. "We are working toward AI that can take a customer through the entire journey, from the first conversation to financing, closing and sourcing the vehicle from Openlane. If we get there, it changes the economics of this business."

The agreement is part of Ocal's strategy of building its operations on technology it owns or controls, so it can scale its model without the overhead of a traditional dealership network.

About Ocal Financial Inc.

Ocal Financial 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 technology stack, which includes workflow orchestration, a lender routing credit intelligence system, voice AI and a centralized business intelligence system, is built specifically for automotive transactions.

We seek Safe Harbor.