Mr. Rahim Bhaloo reports

PESORAMA ANNOUNCES GRAND OPENING OF STORES #29, #30, AND #31

Pesorama Inc. will open three new stores.

Store No. 29 -- Roma Norte

Store No. 29 is a 6,340-square-feet stand-alone site in Roma Norte an affluent, highly commercial neighbourhood. Positioned directly in front of the Durango Metrobus station, it will benefit from strong pedestrian flow. This opening reinforces our presence in the area. Planned opening on Friday, Nov. 21.

Store No. 30 -- Zocalo

Store No. 30 will be the company's first location in downtown Mexico City, approximately one kilometre from Zocalo, the city's main square. The 6,620-square-feet stand-alone premises sit within a high-traffic retail corridor. This store marks the company's entry into one of the capital's most iconic districts. Planned opening on Saturday, Dec. 13.

Store No. 31 -- Parque Puebla

Store No. 31 will be the company's first in Puebla, located about six kilometres from the Historic Center. The 4,585-square-feet store is situated within one of the city's main shopping malls. This store marks the company's commitment to reaching every Mexican home. Planned opening on Sunday, Dec. 21.

"The openings of stores No. 29, No. 30 and No. 31 mark an important step in our expansion and further increase accessibility for Mexican consumers who want to shop at our stores," said Rahim Bhaloo, founder, chief executive officer and chairman of Pesorama. "We see a robust pipeline of high-density traffic areas where we plan to open additional stores to drive continued growth and success."

A live stream of the ribbon cutting and new store opening celebration of store 29 will be held on JOi's Instagram page on Friday, Nov. 21, at 3 p.m. CDMX/4 p.m. EST.

About Pesorama Inc.

Pesorama, operating under the JOi Dollar Plus brand, is a Mexican value dollar store retailer. Pesorama launched operations in 2019 in Mexico City and the surrounding areas targeting high-density, high-traffic locations. Pesorama's 28 stores (soon to be 31) offer consistent merchandise offerings which include items in the following categories: household goods, pet supplies, seasonal products, party supplies, health and beauty, snack food items, confectionery, and more.

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