Mr. Yona Shtern reports

HAPBEE ADDS NBA VETERAN JOSE MANUEL CALDERON AS INVESTOR AND GLOBAL BRAND AMBASSADOR

Jose Manuel Calderon is joining Hapbee Technologies Inc. as a global brand ambassador and adviser, and is also taking an equity position as an investor in the company.

A 14-year National Basketball Association (NBA) veteran with the Cleveland Cavaliers, Toronto Raptors and the Los Angeles Lakers, Mr. Calderon is a former adviser to the NBA Players Association, and is currently a special adviser to the Cleveland Cavaliers. He is an active investor and entrepreneur, and is co-founder of Owqlo, a sport technology company. Mr. Calderon also serves as a Unicef ambassador.

Mr. Calderon will focus on helping introduce and grow the Hapbee brand among active and retired players, coaches and trainers, and fans, as well as his many followers.

"Both as a player and as a player-advocate with the NBA Players Association, I have a deep appreciation of the importance of wellness both during and after a professional playing career," said Mr. Calderon. "The ability to optimize performance and recovery using Hapbee, without the harmful effects of stimulants, represents a breakthrough for all people -- not just athletes. I am excited about joining the team and being a part of Hapbee's growth moving forward."

"Adding an athlete of Jose's calibre as an ambassador, adviser and also an investor speaks volumes to people who are just learning about Hapbee for the first time," said Yona Shtern, chief executive officer of Hapbee. "His experience, along with his extensive network and his stellar reputation, will bring immense value in terms of raising Hapbee's brand profile globally as a leading wellness solution."

Hapbee launches at Target

Today's announcement coincides with the launch of Hapbee's Smart Sleep at 104 Target stores across the United States and at Target's website. The product can be found on display in the expanded digital wellness section beside the consumer electronics section of select Target locations.

Hapbee closes non-brokered equity round

Today's announcement also coincides with the partial closing of a non-brokered private placement of units of the company for aggregate gross proceeds to the company of $303,087.

As part of the offering, the company issued 3,788,587 units at a price of eight cents per unit, which consisted of the issuance of 3,788,587 subordinate voting shares of the company and 3,788,587 share purchase warrants, with each warrant entitling the holder thereof to acquire one share at a price of 15 cents per share for a period of two years from the closing date of the offering. The expiry date of the warrants will be subject to prior acceleration, at the discretion of the company, should the volume-weighted average price of the company's listed shares on the TSX Venture Exchange, or any other stock exchange on which the company's shares are then listed, is greater than 50 cents for a period of 10 consecutive trading days, the whole in accordance with the terms of the warrants. Each share and warrant issued (including the shares underlying the warrants) will be subject to a hold period of four months plus one day following the closing of the offering, pursuant to Canadian securities laws.

Any net proceeds received by the company from the offering are intended to be used for product development, manufacturing, business development, working capital and general corporate purposes.

The offering remains subject to the final approval of the TSX-V.

About Hapbee Technologies Inc.

Hapbee is a digital wellness technology company that aims to help people take control of how they sleep, perform and feel. Hapbee's digital wellness library of wellness routines utilizes patented ultralow radio frequency energy, designed to help optimize users' sleep, productivity and focus, recovery, and downtime. Hapbee devices and subscriptions are available for purchase at the company's website and through a growing network of select distributors.

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