Mr. Omri Brill reports

ADCORE STARTS 2025 OFF STRONG WITH ROBUST FINANCIAL POSITION & MEDIA BLAST PERFORMANCE UPDATE

Adcore Inc. has shared a preliminary update on its financial position as of Dec. 31, 2024. Based on the visibility today, the company closed the year with $10.8-million in cash and equivalents, representing a 61-per-cent increase from third quarter 2024 and a 34-per-cent increase year over year. In addition, the company is excited to report that the Media Blast app continues to gain strong momentum, achieving a run rate of nearly $2-million in annual recurring revenue in December, 2024.

The above figures are preliminary and unaudited. The company remains committed to providing further updates as its financial review progresses.

"We are thrilled to close out 2024 on such a strong note, positioning Adcore for a promising 2025 with a robust cash position to drive our strategic initiatives in technology development and global expansion," said Omri Brill, Adcore chief executive officer and founder. "While seasonality played a role in our cash growth, the year-over-year increase is primarily a result of our continued progress across core activities, markets and segments. This momentum is a testament to the strength of our business fundamentals."

Mr. Brill added: "We are especially excited about the performance of our Media Blast app, which achieved an impressive near $2-million ARR in December, 2024, just six months after reaching the $1-million milestone. This rapid growth reinforces our confidence in technology and innovation as a key driver of our long-term vision."

Mr. Brill continued: "Looking ahead to 2025, we are highly optimistic. With strong financials and growing demand for our technology-driven solutions, Adcore is well positioned to capitalize on market opportunities and continue its upward trajectory."

In accordance with the company's commitment to innovation and technology, Adcore will host a webinar Jan. 15 at 10 a.m. Eastern Time to unveil its newest app, Proposaly.io.

Reminder: Join the Proposaly.io webinar Jan. 15 at 10 a.m. Eastern Standard Time

Adcore invites you to join its webinar, where the company will showcase its newest sales enablement app, Proposaly.

Proposaly is set to transform the way businesses secure sales and manage client relationships by streamlining the entire sales process into one centralized, automated solution.

Please register for the webinar.

About Adcore Inc.

Adcore is a leading artificial-intelligence-powered marketing technology company.

By combining extensive industry knowledge and experience with its proprietary artificial-intelligence-powered technology, Adcore offers a unique digital marketing solution that empowers entrepreneurs and advertisers by managing and automating their e-commerce store advertising and monitoring and analyzing the performance of their advertising budget to ensure maximum return on investment. Adcore is a certified Google Premier partner, Elite Tier Microsoft partner, Facebook partner, Verified Amazon partner and TikTok partner.

Established in 2006, the company employs over 50 people in its headquarters in Tel Aviv, Israel, and satellite offices in Toronto, Canada, Melbourne, Australia, and Hong Kong and Shanghai, China.

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