Mr. Greg Watkin reports

INEO TO START TRADING ON TSX-VENTURE

Ineo Tech Corp.'s shares will start trading on the TSV Venture Exchange as a Tier 2 technology issuer under the symbol Ineo at market opening on Wednesday, Jan. 29, 2020.

"We are very excited to be listing on the TSX Venture Exchange," said Greg Watkin, chairman, founder and president of Ineo. "Being publicly listed significantly increases our profile and provides us access to capital to accelerate the growth of our business. Our recently closed financing of over $2.8-million provides us with sufficient capital to execute on our current business opportunities. We look forward to providing investors an update on our expansion plans in the coming months."

Ineo was founded in 2016 by Mr. Watkin to provide retailers with a digital display technology at the entrance of retail stores which also integrates with existing loss prevention tags and scanning technologies. In addition, the Welcoming System and Ineo's data aggregation system unobtrusively collects original customer data for retailers, allowing them to fully understand customer behaviour, optimize their retail experience and make the best use of the entrance of the retail store.

Ineo has made three meaningful acquisitions since being founded which provided the company with a retail customer base, the manufacturing expertise and intellectual property to design, manufacture and market the Welcoming System. Ineo launched the Welcoming System in the summer of 2019 with successful installations in select retail locations in Vancouver. Since then the company has expanded into retail locations across Vancouver, Surrey, Coquitlam, New Westminster, Maple Ridge, Port Moody, North Vancouver, White Rock, Victoria, Calgary, Red Deer and Edmonton.

Management

Mr. Watkin was formerly chief operating officer of Epic Data, a Vancouver-based technology provider to the aerospace industry, servicing customers such as Lockheed Martin, Boeing and Bombardier. After leaving Epic Data, Mr. Watkin led the registry services division of Resolve Corp. providing asset registry services for some of Canada's largest banks. Mr. Watkin grew the registry service division to over $100-million in annual revenue before facilitating the sale of Resolve to Davis+Henderson.

Mr. Watkin is also pleased to announce that Kyle Hall has assumed overall leadership responsibility of the company as CEO of Ineo, while Mr. Watkin will remain chairman and president of Ineo. Mr. Hall has been with Ineo since late 2016 and he brings a wealth of experience in sales, marketing and technology leadership as the former CEO of PNI Digital Media (PNI), a Toronto Stock Exchange-listed company providing e-commerce and photo kiosk services to some of the largest retailers in the world. Mr. Hall successfully negotiated the sale of PNI to Staples Inc. in 2014 for $75-million and spent two years as an executive at Staples before leaving to join Ineo. Prior to PNI, Mr. Hall had a distinguished career in business development and sales and marketing for international companies including Corel Corp., MGI Software and Telepix Imaging.

About Ineo Tech Corp.

Ineo Tech, through its wholly owned subsidiary, Ineo Solutions Inc., provides retailers with the Welcoming System, a patented in-store and on-line advertising platform that enhances the customer experience, monetizes the entrances of retail stores and protects against theft. The Welcoming System is a revolutionary cloud-based digital advertising and data analytics system, which sends customized advertising to digital screens integrated with theft detection sensor gates at the entrance of retail stores.

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