Mr. Matthew Friesen reports

OCAL FINANCIAL DETAILS ITS END-TO-END DIGITAL VEHICLE-FINANCING PROCESS

Ocal Financial Inc. today outlined the end-to-end process it uses to take a customer from an on-line application to a delivered vehicle -- entirely remotely, and without a dealership visit.

The process runs in a defined sequence. A customer applies on-line in minutes. Ocal then produces a lender-ready application using AI-assisted pre-qualification with human-in-the-loop review, so that the file that reaches a lender is complete and well structured. The application is routed through Ocal's credit-intelligence system to the lender most likely to approve it on suitable terms. Only once the customer is approved, does Ocal source a vehicle to match the approved deal, drawing on national auction and partner channels. Contracts are then completed digitally with remote verification, and the vehicle is delivered to the customer's home or workplace, followed by postsale support.

By structuring approval before sourcing and co-ordinating every step through a single system, Ocal is designed to remove the friction that defines traditional car buying. Customers no longer negotiate against information they cannot see, spend hours on a lot and then more hours waiting in a finance office, or "start over" when they move from on-line research to an in-store experience. Internally, the model is intended to reduce dropped hand-offs, cut duplicate document chasing, improve lender fit and give the customer clearer visibility into where their file stands.

Ocal's operating data reflects the speed the model is designed to deliver. Based on management information for the trailing 12 months (unaudited), the company's median cycle time is approximately seven days from lead to signed and three to four days from signed to financed. These figures are internal operating metrics, are unaudited, and should be read together with the company's financial statements and management's discussion and analysis available on SEDAR+.

The company continues to invest in automation across this workflow, with the objective of compressing cycle times further and making a high-quality customer experience repeatable as volume grows.

"Most of the pain in buying a car is the waiting and the starting over -- on-line, then again at the dealership, then again in the finance office," said Mehdi Moghareh, chief executive officer of Ocal. "We designed one flow that runs from the couch to the driveway, with a person stepping in exactly where judgment is needed."

"The process is the product," added Mr. Moghareh. "Every step we automate is a step that gets faster, more consistent and easier to audit -- which is good for the customer, the lender and the business."

About Ocal Financial Inc.

Ocal Financial is an asset-light, AI-native virtual automotive dealership and vehicle-finance platform. Operating remotely and licensed in British Columbia and Alberta, Ocal moves customers from application to approval, vehicle matching, digital contracting and delivery in a single workflow. Rather than carrying owned inventory, Ocal sources each vehicle only after a customer is approved, drawing on the Openlane auction network and select partners. Ocal earns revenue from vehicle sales and related finance and protection products, and does not hold consumer loans or assume credit-default risk. Its proprietary technology stack -- workflow orchestration, a lender-routing credit-intelligence system, voice AI and a centralized business-intelligence system -- is purpose built for automotive transactions.

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