Mr. Evan Gappelberg reports

ARWAY.AI RELEASES Q2 2023 FINANCIAL RESULTS

ARway Corp. has released its Q2 financial results, ending Feb. 28, 2023. The company finished the quarter with an ending Q2 cash balance of close to $1-million, initial revenues from pilot programs and continued development of the platform. ARway continues to execute its plan as set out in the spinout information circular.

Chief executive officer Evan Gappelberg commented, "We are excited by the early success of our pilot programs with ARway and believe that we have created the killer application for the next generation of devices: the AR glasses ... AR wayfinding is going to be a very big deal in 2023!" He continued, "Business momentum is building and deals with S&P 500 companies and others are expected to be landed in Q2/Q3 2023."

About ARway Corp.

ARway is an artificial-intelligence-powered platform that provides augmented reality experiences for indoor spaces. The platform allows users to easily create experiences for navigation, tours, information sharing, notifications, advertising and gamification. ARway leverages the power of mobile devices to create environments that can improve visitor experience, boost employee productivity, increase engagement, create new advertising space and boost revenues. Visitors can scan a QR code to access a venue map, navigate to any point of interest with step-by-step directions, learn information about those POIs, and interact with rich AR content and experiences along the way. ARway has unlimited use cases for augmenting physical spaces in the metaverse, making it a valuable tool for creators, brands and companies in various industries. The complete ARway platform includes: the Web creator studio, the ARwayKit software development kit (SDK), and a mobile app for iOs and Android.

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