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VANCOUVER, British Columbia – TheNewswire - May 8 , 2026 – Carrier Connect Data Solutions Inc. (TSX.V: CCDS; OTCQB: CCDSF; WKN: A40XB1) (the “Company ” or “Carrier ”) is pleased to announce that it has completed its previously announced acquisition (the “Acquisition ”) of the network connectivity and delivery assets (the “Assets ”) from Morewave Communication Inc. (“Morewave ”), a leading provider of network connectivity solutions and last mile connectivity services.
In connection with the Acquisition, the Company, through its wholly owned subsidiary Carrier Connect Systems Ltd. (the “Subsidiary ”), entered into an asset purchase agreement (the “Asset Purchase Agreement ”) dated April 28, 2026 with Morewave. Pursuant to the terms of the Asset Purchase Agreement, the Subsidiary acquired the Assets. In consideration for the Acquisition, the Company issued 560,000 common shares in the capital of the Company (the “Consideration Shares ”) to Morewave. The Consideration Shares were escrowed and will be released in four equal tranches at 6, 12, 18 and 24 months following May 8, 2026.
The Acquisition is an arm's length transaction. No finder's fees have been paid by either the Company or Morewave in connection with the Acquisition.
Marketing Services
Carrier announces that it has entered into a six-month social media consulting services agreement with Triomphe Holdings Ltd., doing business as Capital Analytica (" Capital Analytica "), an arm's-length service provider, in accordance with the policies of the TSX Venture Exchange and applicable securities laws. Under the agreement, Capital Analytica will provide social media consulting and related investor awareness services for a total fee of $150,000 payable in two equal installments over the six-month term. The agreement includes an option to renew for an additional six-month term at a rate of $75,000, unless terminated earlier in accordance with its terms. Capital Analytica has no direct or indirect interest in the Company or its securities and has no current intention or right to acquire any such interest during the engagement, other than the potential grant of stock options in the future.
About Carrier Connect Data Solutions Inc.
Carrier’s mission is to roll up Tier II/III data centers internationally that specialize in delivering co-location and data center solutions to AI companies, service providers, enterprises and small businesses. Data centers are the physical locations that store computing machines and their related hardware equipment, such as servers, data storage drives, and network equipment. As a carrier-neutral organization, Carrier’s systems are fully independent and owned outright within its leased space. The current principal markets for the Company are Vancouver, Ottawa and Saint John, Canada and Perth, Australia, where it serves clients who use its facilities either as their primary data center or as an ancillary site depending on their needs.
ON BEHALF OF THE BOARD OF DIRECTORS
“Mark Binns”
Mark Binns, CEO
For further information, please contact:
Attention: Mark Binns, CEO
Email:
mark@carrierconnectds.com
Phone:
778-945-1074
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof. Forward-looking statements include, but are not limited to, statements with respect to the escrowing of the Consideration Shares, the Company’s future plans and intentions and the provision of marketing services by Capital Analytica. Such forward-looking statements or information are provided to inform the Company's shareholders and potential investors about management's current expectations and plans relating to the future.
Forward-looking statements or information are based on a number of factors and assumptions that have been used to develop such statements and information, but which may prove to be incorrect. Although the Company believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Company can give no assurance that such expectations will prove to be correct. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company.
Forward-looking information also involves known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: negative operating cash flow and dependence on third party financing, uncertainty of additional financing, reliance on key management and other personnel, and the risk factors with respect to the Company set out in the Company’s filings with the Canadian securities regulators and available under the Company’s profile on SEDAR+ at www.sedarplus.ca.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.
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