Mr. Todd Ziniuk reports

ZEDCOR INC. EXPANDS CREDIT FACILITY TO $100 MILLION TO SUPPORT CONTINUED NORTH AMERICAN GROWTH

Zedcor Inc. has expanded its credit facility with its lending partner, National Bank of Canada, increasing total committed borrowing availability from $75-million to $100-million.

The increased access to non-dilutive capital comes at a time when Zedcor continues to experience very strong demand for its suite of turnkey MobileyeZ security towers, with customized mobile surveillance, and live monitoring solutions across Canada and the United States. The company continues to ramp up production to meet latent demand while expanding branch locations across the United States.

The expanded credit facility consists of $100-million of fully committed capital and an additional uncommitted $50-million accordion feature, providing Zedcor with up to $150-million of total potential borrowing capacity. The terms and covenants of the credit facility are otherwise unchanged.

Todd Ziniuk, president and chief executive officer of Zedcor, commented: "We are excited to further expand our relationship with National Bank and appreciate their continued confidence in Zedcor and our growth strategy. Increasing our committed credit facility to $100-million, with a further $50-million accordion, provides significant non-dilutive funding capacity at a critical period of accelerated branch expansion and successful enterprise sales awards. Given the significant percentage of our revenue and EBITDA [earnings before interest, taxes, depreciation and amortization] that is reocurring in nature, we have increasing visibility and confidence in our future cash flows, which supports our ability to utilize non-dilutive financing and maximize long-term value for our shareholders."

About Zedcor Inc.

Zedcor is a vertically integrated video monitoring solutions provider disrupting the traditional physical security industry across North America. Zedcor controls every layer of its video-surveillance-as-a-service (VSaaS) offering: It designs and manufactures its proprietary MobileyeZ mobile security towers, supplies and installs fixed-camera systems, develops its own software to manage operations and deliver better outcomes for customers, and monitors every customer site from its live, verified video monitoring operations centres located in North America. Backed by local sales and service teams, this end-to-end model delivers industry-leading service levels and data-supported efficiency outcomes to blue-chip customers. Zedcor serves the Canadian market through equipment and service centres in British Columbia, Alberta, Manitoba and Ontario and continues to advance its U.S. expansion through service centre locations with the capacity to service markets nationwide.

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