Mr. Greg Wong reports

RIWI RELEASES 2022 AUDITED FINANCIALS

Riwi Corp. has released its financial results for the year ended Dec. 31, 2022. All figures are reported in U.S. dollars unless otherwise indicated. Riwi's financial statements are prepared in accordance with international financial reporting standards.

Riwi highlights for the year ended Dec. 31, 2022 -- in U.S. dollars:

• Riwi completed the acquisition of Research On Mobile (ROM) on July 1, 2022. Research On Mobile is a leading research technology platform that profiles survey respondents and dynamically matches them to global research marketplaces from which commercial customers buy data. Although initial integration was completed in 2022 and some early customers benefited from the joint solution, full integration of both the technology and processes between the ROM and Riwi platforms will be continuing throughout the 2023 calendar year with an expected completion date toward the end of fourth quarter 2023.
• Riwi won 54 new contracts in 2022, including 13 new customers that had not done business with Riwi before. These customers span all of the customer segments.
• Revenues in 2022 include, for the first time in the company's history, three different revenue streams: recurring revenue, transactional revenue and project-based revenue.
• Riwi launched the first release of its new platform that includes a single sign-on feature across a customer's various projects, integration of both its highly secure unincented respondents and its preprofiled respondents, quota management, and enhanced visualization features aimed at providing customers a better experience. In addition, Riwi began to build its respondent ecosystem by partnering with additional sample providers, enhancing its ability to deliver more completed surveys in more regions of the world.
• Riwi began the transformative process from being a project-based organization to a more technology- and product-focused organization with diverse revenue streams. This included: (i) the launch of new subscription-based digital products like the compass Data series with its partner David Woo, and the Riwi China data feed; (ii) the conversion of customer projects into longer-term subscriptions; (iii) the buildout of its platform to enable subscriptions to its technology; and (iv) the acquisition of ROM, which began providing Riwi with transaction revenue. For clarity purposes, Riwi will continue to provide and always offer projects that generate project-based revenue as well, but the goal is to achieve predictable and high-margin revenue that is growing above industry averages.
• Riwi technology and Riwi were referenced 105 times in 2022 across highly respected sites such as BBC, World Bank, The Times of England, Investors Business Daily, Global Health Crisis Coordination Center, Asia Pacific Foundation of Canada, The Globe and Mail, Business Insider, Harvard Business Review (Japan), Center for Strategic and International Studies, Asia Times, The Diplomat, China Times, and The Financial Post.

"The 2022 fiscal year was a challenging year, but one where we also laid the groundwork for the next phase of growth," said Greg Wong, chief executive officer at Riwi. "Our new platform, subscription products and transactional revenue stream will drive substantial growth in 2023 and beyond," added Mr. Wong.

Additional business updates

Riwi continues to strengthen its leadership team with the hiring of Travis Campbell, who will take on the role of chief financial officer on May 15, 2023.

Riwi has been able to increase the transaction revenue business acquired from ROM on July 1, 2022, from 1,800 transactions per day to approximately 3,000 per day by end of 2022 through optimization of supply and increasing conversion rates. This business is expected to continue to grow in 2023 by double-digit percentages.

About Riwi Corp.

Riwi is a global trend-tracking and prediction technology firm. On a monthly or annual subscription basis, Riwi offers its clients tracking surveys, continuous risk monitoring, predictive analytics and ad effectiveness tests in all countries -- without collecting any personally identifiable data.

We seek Safe Harbor.