Mr. Ryan Hamlin reports

POSABIT APPOINTS JULIE SOLOMON AS CHIEF REVENUE OFFICER TO ACCELERATE NEXT PHASE OF GROWTH

Posabit Systems Corp. has appointed Julie Solomon, PhD, as the company's chief revenue officer. Ms. Solomon joins POSaBIT from Synctera, a leading FinTech banking provider, where she served as the company's Chief Revenue Officer.

"As CRO, Julie will lead the efforts of our sales, marketing and customer support teams," said Ryan Hamlin, CEO/Co-founder. "Consolidating these customer facing teams under Julie's leadership enables a more unified approach to the market and will help us to better leverage our success to further expand our business. Her extensive experience leading go-to-market teams for fintech organizations will be invaluable as we pursue new markets, add more retail partners and tap into growth opportunities within our existing base of retailers."

"POSaBIT is a rapidly growing company in an exciting and evolving industry," said Julie Solomon. "It is an ideal time to join an incredible team, and I look forward to helping the company expand its footprint throughout North America and further accelerate its growth."

Ms. Solomon has more than 25 years of experience in the FinTech space. Prior to joining Synctera, she spent more than 15 years at Envestnet | Yodlee, a leading data aggregation and data analytics platform for digital financial services, where she most recently served as Senior Vice President and Head of Sales. She also has nearly a decade of experience working in a variety of customer-facing roles at Oracle Corporation. Ms. Solomon holds a Ph.D. in Clinical Psychology and spent her early career working in the criminal justice system.

About POSaBIT

POSaBIT (CSE: PBIT) is a financial technology company that delivers unique and innovative payment processing and point-of-sale systems for cash-only businesses. POSaBIT specializes in resolving pain points for complex, high-risk, emerging industries like cannabis with an all-in-one solution that is compliant, user-friendly and utilizes top-of-the-line hardware. POSaBIT's unique solution provides a safer and transparent environment for merchants while creating a better overall experience for the consumer. For additional information, visit: www.posabit.com.

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