Mr. Ryan Hamlin reports

POSABIT ANNOUNCES HIGHLY ANTICIPATED FULL LAUNCH OF POSABIT POS 2.0, SETTING A NEW STANDARD FOR POINT-OF-SALE TECHNOLOGY

Posabit Systems Corp. has fully launched Posabit POS 2.0, the next-generation of the company's groundbreaking point-of-sale system. After receiving positive feedback during its beta phase, the Company is confident that POSaBIT POS 2.0 will redefine the customer experience across the cannabis industry.

Since its inception, POSaBIT has focused on revolutionizing payment options and enhancing consumer experiences at the point of sale. POSaBIT POS 2.0 brings forth new and advanced features that elevate the already robust capabilities of the previous iteration. These features include a simplified and more intuitive user interface, enhanced data analytics, and expanded integrations with popular e-commerce platforms.

Ryan Hamlin, CEO of POSaBIT, states, "We are extremely proud to introduce POSaBIT POS 2.0 to the marketplace. After meticulously studying the feedback from our loyal customer base, we have integrated several high-impact features that will significantly enhance the user experience. POSaBIT POS 2.0 not only meets but surpasses industry standards, and we're excited to roll this out to our clients."

The launch of POSaBIT POS 2.0 comes at a time when retailers and service providers are increasingly looking for agile, scalable, and user-friendly solutions that can adapt to rapidly changing market conditions. POSaBIT POS 2.0 is designed to be the go-to solution for dispensaries who demand more from their point-of-sale systems.

POSaBIT also provided an update on the Company's previously-announced trial run for a crypto-based payments solution. After an extensive trial across approximately 25 merchants, the Company has determined not to move forward with this specific solution. The Company remains committed to innovating and refining its product offerings to best meet the needs of its growing customer base, with a focus on stability and compliance.

About POSaBIT

POSaBIT (CSE: PBIT) (OTC: POSAF) is a FinTech, working exclusively within the cannabis industry. We provide a best-in-class Point-of-Sale solution and are the leading cashless payment provider for cannabis retailers. We work tirelessly to build better financial services and transaction methods for merchants. We bring cutting-edge software and technology to the cannabis industry so that all merchants can have a safe and compliant set of services to solve the problems of a cash-only industry. For additional information, visit www.posabit.com.

We seek Safe Harbor.