Mr. Josh Bruni reports

AMERICAN AIRES ANNOUNCES RECORD MONTHLY ORDER VOLUME

American Aires Inc. has had a record in monthly order volume. In the month of July, the company received orders totalling $1-million, 50 per cent higher than $673,000 received in June of 2023 and 65 per cent higher than $611,000 received in July of 2022. Compared with the previous record, which was set during the November, 2022, preholiday spending season at $965,000, the July, 2023, order volume was 5 per cent higher. The company is very pleased with this summer month result and believes the focus on effective ad spend and careful sales pipeline management position the company very well for the rest of the year and the coming 2023 holiday season.

Josh Bruni, chief executive officer of American Aires, said: "This company milestone serves as a demonstration of the dedication and tenacity of our entire team. Their consistent efforts have continued to turn our strategic vision into tangible results, and for that, I extend my sincere appreciation.

"While we recognize and appreciate this achievement, it's important to underscore that these results align with our expectations. Our robust forecasting models and meticulous planning have long predicted this level of success. This achievement reaffirms the accuracy of our forecasts and the effectiveness of our strategies. This is not just a landmark accomplishment, but also a reaffirmation of our team's strength and resilience."

Although the improvement in the inventory levels played an important role in supporting the strong sales, and particularly repeat purchases, management continues to seek external sources of financing, necessary to bolster the company's inventory position in advance of seasonally higher sales in the months of third quarter and fourth quarter. The company expects to provide a further update on the financing progress in the near term.

About American Aires Inc.

American Aires is a Canadian-based nanotechnology company committed to enhancing well-being and environmental safety through science-led innovation, education and advocacy. The company has developed proprietary silicon-based microprocessors that reduce the harmful effects of electromagnetic radiation (EMR). American Aires's Lifetune products target EMR emitted by consumer electronic devices such as cellphones, computers, baby monitors and WiFi, including the more powerful and rapidly expanding high-speed 5G networks. American Aires is listed on the Canadian Securities Exchange under the ticker WIFI and on the OTCQB under the symbol AAIRF.

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