18:04:35 EST Tue 10 Nov 2026
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Salescloser Technologies Ltd
Symbol SCAI
Shares Issued 36,187,549
Close 2026-11-10 C$ 0.40
Market Cap C$ 14,475,020
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Salescloser has revenue of $1.13M over ninth months

2026-11-10 16:53 ET - News Release

Mr. Ali Tajskandar reports

SALESCLOSER PROVIDES COMMERCIAL UPDATE RECAPPING FOUR U.S. PATENT GRANTS, TEN PRODUCT LAUNCHES AND GLOBAL CUSTOMER GROWTH

Salescloser Technologies Ltd. has provided a commercial update recapping six months of execution from late April through October, 2026, consolidating previously announced milestones into a single view of the momentum built since the company's TSX Venture Exchange listing in April, 2026.

Highlights (financial figures as reported in the company's Aug. 28, 2026, third quarter results):

  • Revenue of $1.13-million for the nine months ended June 30, 2026, up 235 per cent from $340,000 in the prior-year period;
  • Four U.S. patents granted and a fifth allowed;
  • 10 major product launches completed in six months;
  • Enterprise deployments across insurance, hospitality, social media and software;
  • Customers operating in at least eight countries;
  • Gross margin increased to 72.6 per cent for the nine months ended June 30, 2026 (compared with 59.5 per cent in the prior-year period);
  • Cash of $3.8-million as at June 30, 2026, with no long-term debt.

As announced in the company's Aug. 28, 2026, third quarter results, revenue was $1,129,858 for the nine-month period ended June 30, 2026, an increase of 235 per cent from $337,305 for the nine months ended June 30, 2025, with gross margin of 72.6 per cent compared with 59.5 per cent in the prior-year period. Cash was $3,778,297 at June 30, 2026, and the company had no long-term debt as at that date. Revenue is diversifying geographically: For the nine-month period, 46 per cent came from the United States, 17 per cent from Canada, 7 per cent from the United Kingdom and 30 per cent from other markets, with more than one-third of revenue generated outside of North America. Salescloser currently serves customers in at least eight countries, including the United States, Canada, Mexico, the United Kingdom, Australia, New Zealand, Spain and the Netherlands.

Customer adoption expanded during the six-month period from late April through October, 2026, with deployments spanning insurance, hospitality, social media and software sectors. The company secured engagements with enterprise organizations including a Latin American division of a top-10 global life insurer, a 270-room beachfront resort in North America and a top-five global social media platform. Named partners include Twilio to accelerate customer deployments, Xennox Solutions in the wellness, spa and resort sectors, and Tendril for autonomous artificial intelligence engagement paired with human-assisted outbound dialling.

Product innovation translated directly into commercial expansion, with Salescloser launching 10 major platform enhancements during the six-month period designed to increase deployment flexibility, expand addressable markets and improve customer acquisition effectiveness. The company deployed a dedicated GPU inference cluster on Nvidia Blackwell-class hardware in Canada, running on a renewable hydroelectric grid, and introduced a self-serve multimodal AI website agent supporting more than 50 languages. Over the summer, the company added a native HubSpot connector in June, handling of Apple iOS and Google Pixel call screening on outbound calls in June and July, live human takeover of AI calls in August, and multiparty calls in September. In October, the company launched Sky, which lets businesses build a live AI sales agent in minutes by talking to it, and added WhatsApp as a native channel so its AI sales agents can answer leads in seconds. The same month, Salescloser introduced warm transfer to a teammate and launched its model context protocol server. Listed in the official MCP registry, the server lets AI assistants such as ChatGPT and Claude connect securely and work directly with Salescloser's agents, leads and conversations. The company also launched a Spanish language website and internationalized the Salescloser platform, starting with English and Spanish, so businesses can use Salescloser in their own language.

The company also continued to strengthen its intellectual property. The company's U.S. patent portfolio now comprises 13 applications: four granted patents, one allowed application and eight pending applications. The four grants were issued between Jan. 13 and Sept. 29, 2026, covering graph-based conversational-flow editing, adaptive voice mail and interactive voice response detection, and memory management for appointment scheduling. A continuation of the adaptive voice mail and IVR detection filing received a notice of allowance and, if it issues, would become the company's fifth granted U.S. patent. Two applications filed in 2026 cover capabilities already live in the platform: hybrid session management across text, voice and avatar channels, and dynamic multiagent participation in live calls.

"Six months ago, we were largely a single-product story," said Ali Tajskandar, chief executive officer of Salescloser. "Since then, we've secured four U.S. patents with a fifth allowed, added customer engagements across insurance, hospitality, social media and software, delivered 10 product launches, and expanded revenue to at least eight countries. We believe that breadth sets the foundation for continued growth."

About Salescloser Technologies Ltd.

Salescloser.ai is a Vancouver-based AI software company focused on automating and scaling revenue generation through conversational AI. The company's platform enables businesses to deploy AI-powered virtual sales agents that engage prospects and customers across the sales life cycle. Salescloser's agents conduct real-time, personalized interactions across voice, video and digital channels, including lead qualification, product demonstrations, follow-ups and meeting scheduling. By augmenting core sales functions, the platform is designed to help organizations increase capacity, accelerate pipeline velocity and improve conversion rates without a corresponding increase in head count. The platform integrates with existing CRM and business systems, supports multilingual deployment, and is intended to deliver consistent customer interactions across industries. Salescloser operates under a subscription-based software-as-a-service model, generating recurring revenue, while continuing to develop its AI capabilities. The company's technology is supported by a growing portfolio of patents and patent applications focused on improving the performance of AI-driven conversational workflows. Salescloser.ai is listed on the TSX Venture Exchange under the ticker SCAI, on the OTCQB Venture Market under the ticker SCTLF and on the Frankfurt Stock Exchange under the ticker MJ5.

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