Mr. Ryan Hardy reports

PERK LABS INC. PROVIDES CORPORATE UPDATE

Perk Labs Inc. has provided an update on the company's current direction and strategy.

Perk's financial statements, which were delayed due to the complexities arising from the company's recent merger and the transition to a new auditing firm, are expected to be released in September. Once the annual and subsequent interim filings are released, the company believes that it will have satisfied the conditions of the British Columbia Securities Commission and have the cease trade order (the FFCTO) lifted, allowing full trading in its securities to resume.

In terms of product development, the company's subsidiary, Getit Technologies, has made significant progress, particularly in expanding capabilities to give the company the opportunity to pursue partnerships with businesses operating in both the United States and Canada. The company's team has successfully integrated U.S. tax and currency support, enabling it to operate effectively across the U.S. in the future.

Additionally, the company is thrilled to announce the launch of its first fully native app, which includes the company's latest feature -- a white-label loyalty program for Web and native apps. This enhancement not only adds value for the company's customers but also strengthens its competitive edge in the market.

The company has also refined its focus to address what it refers to as "complex purchase environments." While Getit initially concentrated on restaurants and bars, the company's experience has led it to identify a market opportunity where it has a more distinct competitive advantage. These environments are venues that require a seamless customer ordering and payment experience despite dealing with a diverse range of transactions across multiple point-of-sale (POS) systems. A recent example of this is the company's partnership with the Carleton University Students' Association, where the company provided a custom-branded payment platform that allows students to order food, buy merchandise and purchase tickets all from their mobile devices.

The market potential for these complex purchase environments is vast, encompassing stadiums, sports arenas, university campuses, hotels and conference centres. Each conversation with prospective customers provides the company with deeper insights into the pain points they face, and how Getit can uniquely address these challenges, offering value for the company's clients and a more convenient experience for its customers.

The company's team is working diligently and looks forward to resolving its regulatory delays and moving forward with its growth strategy.

About Perk Labs Inc.

Perk Labs, the owner of Getit Technologies Inc. and Perk Hero Software Inc., provides innovative mobile ordering and payment systems, allowing customers the ability to scan a QR code or NFC sticker to order and pay for their purchases directly from their phone. Perk Labs specializes in providing a single unified payment interface for complex purchase environments -- environments that have multiple retailers processing an array of different transactions, including food and beverage purchases, merchandise sales, ticketing, registrations, donations, parking fees, and service payments. Perk Labs provides a custom-branded solution that is ideal for multitransaction brands such as stadiums and arenas, university and college campuses, conference centres, hotels and resorts, festivals and events, and professional service companies.

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