Perk Labs Announces Proposed Non-Brokered Private Placement and Announces Resignation of CLO and Director

Vancouver, Canada / Friday, July 14, 2023 / Perk Labs Inc. (CSE:PERK / OTCQB:PKLBF / FKT:PKLB) (“Perk” or the “Company”) the company that specializes in ordering and payment technology, today announced that it is proposing a non-brokered private placement of units and convertible debentures. Additionally, the Company announced the resignation of Jonathan Hoyles, Chief Legal Officer and Director, who will be leaving Perk Labs to pursue another opportunity.

Private Placement of Units

 The Company is proposing a non-brokered private placement of up to 6,250,000 units (“Units”) at a price of $0.016 per Unit for gross proceeds of up to $100,000. Each Unit will consist of one common share of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one additional Common Share at a price of $0.05 per Common Share for a period of 24 months from the Closing (as defined below).

Private Placement of Convertible Debentures

Perk Labs also announced today that it is proposing a non-brokered private placement of convertible debentures for gross proceeds of up to $250,000. The convertible debentures will be offered on varying terms, including interest rates ranging from 5% to 15% and differing acceleration terms and maturity dates specific to the terms of each convertible debenture agreement.

The convertible debentures will be convertible into common shares of Perk Labs at a conversion price of $0.05 per share, subject to the terms and conditions set forth in the specific convertible debenture agreement.

The private placement of the Units and the convertible debentures is expected to close on or before August 24, 2023 (the “Closing”). The Closing is subject to customary closing conditions, including, but not limited to, the receipt of all necessary approvals. All securities issued pursuant to the private placement will be subject to a statutory hold period of four months and one day following the Closing.  The Company intends to use the net proceeds from the private placements for general working capital purposes, accounts payable, and employee salaries.

Resignation of Jonathan Hoyles

Perk Labs also announced the resignation of Jonathan Hoyles, Chief Legal Officer and Director, effective July 13, 2023. Jonathan has decided to pursue another opportunity, and his departure from Perk Labs is amicable. The Company would like to express its gratitude for Jonathan’s valuable contributions during his tenure and wishes him success in his future endeavors. The Company is currently in the process of evaluating potential candidates to fill the vacancies on the board of directors.

“Jonathan has played an integral role in the evolution of Perk Labs’, including his invaluable contributions to the successful merger with Getit Technologies, and we sincerely appreciate his dedication and significant impact,” stated Perk Labs’ CEO Ryan Hardy. “As Jonathan embarks on a new professional endeavour, we extend our best wishes for his continued success. Perk Labs remains committed to its strategic vision and will focus on delivering innovative ordering and payment solutions for enterprise clients and driving value for our stakeholders.”

About Perk Labs Inc.

Perk Labs, the owner of Getit Technologies Inc. and Perk Hero Software Inc, specializes in technology, logistics, and connecting communities. Our digital payments and loyalty software empowers merchants to optimize their business and customer journey.

For more information, contact:

Ryan Hardy

CEO

(833) 338-0299

investors@perklabs.io

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements (collectively “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: “may”, “believe”, “thinks”, “expect”, “exploring”, “expand”, “could”, “anticipate”, “intend”, “estimate”, “plan”, “pursue”, “potentially”, “projected”, “should”, “will” and similar expressions, or are those, which, by their nature, refer to future events. These forward-looking statements, which involve risks and uncertainties, relate to, among other things, the discussion of the Company’s business strategies and its expectations concerning future operations. Although the Company considers these forward-looking statements to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking statements. Undue reliance should not be placed on such forward-looking information, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur.

Perk Labs Announces Voting Results Following its Annual General Meeting

Vancouver, Canada / July 7, 2023 / Perk Labs Inc. (CSE: PERK / OTCQB: PKLBF / FKT: PKLB) (“Perk” or the “Company”), the company that specializes in ordering and payment technology, is pleased to announce the voting results from its Annual General Meeting of Shareholders (the “Meeting”), held on July 5, 2023, at 997 Seymour Street, Suite 250, Vancouver, British Columbia Canada V6B 3M1.

The voting results for each nominee are as follows:

 

Votes

For

% of

Votes Cast

– For –

Votes

Withheld

% of

Votes Cast

– Withheld –

Kirk Herrington 111,445,937 80.84% 26,420,249 19.16%
Larry Timlick 124,015,754 89.95% 13,850,432 10.05%
Patrick Power 48,413,615 35.12% 89,452,571 64.88%
Ryan Hardy 134,766,457 97.75% 3,099,729 2.25%
Benoit Lacroix 124,349,235 90.20% 13,516,951 9.80%
Jonathan Hoyles 117,077,867 84.92% 20,788,319 15.08%

 

As a result, Kirk Herrington, Larry Timlick, Ryan Hardy, Ben Lacroix and Jonathan Hoyles were elected as directors of the Corporation to serve until the close of the next annual meeting of shareholders of the Corporation, or until their successors are elected or appointed.

In accordance with the Corporation’s majority voting policy, Patrick Power has submitted his resignation to the Board. After review and consideration, the Board has accepted Mr. Power’s resignation. The Company thanks Mr. Power for his service and wishes him well in his future endeavours.

In addition, the Company reports that ordinary resolutions: (i) to fix the number of directors of the Company at six (6); and (ii) to appoint Welch LLP as the Company’s auditor for the fiscal year ending November 30, 2023 and to authorize the Board of Directors to fix the remuneration to be paid to the auditor; was passed by a majority of the votes represented at the Meeting.

Voting results on all matters voted on at the Meeting will be filed on SEDAR at www.sedar.com.

 About Perk Labs Inc.

Perk Labs, the owner of Getit Technologies Inc. and Perk Hero Software Inc, specializes in technology, logistics, and connecting communities. Our digital payments and loyalty software empowers merchants to optimize their business and customer journey. Our marketplace and driver network connects and supports their business with additional sales and flexible last mile delivery options.

For more information about Perk Labs, please visit www.perklabs.io.

For more information contact:

Ryan Hardy

CEO

Perk Labs Inc.

(833) 338-0299

investors@perklabs.io

Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements (collectively “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: “may”, “believe”, “thinks”, “expect”, “exploring”, “expand”, “could”, “anticipate”, “intend”, “estimate”, “plan”, “pursue”, “potentially”, “projected”, “should”, “will” and similar expressions, or are those, which, by their nature, refer to future events. These forward-looking statements, which involve risks and uncertainties, relate to, among other things, the discussion of the Company’s business strategies and its expectations concerning future operations. Although the Company considers these forward-looking statements to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties, and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance and that actual results may differ materially from those in forward-looking statements. Undue reliance should not be placed on such forward-looking information, as there can be no assurance that the plans, intentions, or expectations upon which they are based will occur.

Getit Technologies Selected as Digital Ordering and Payments Partner by Fiazza Fresh Fired at Four Prime Locations

Vancouver, Canada / June 29, 2023 / Perk Labs Inc. (CSE:PERK / OTCQB:PKLBF / FKT:PKLB) (“Perk” or the “Company”) the company that specializes in ordering and payment technology, is thrilled to announce that Fiazza has selected Getit Technologies Inc. (“Getit”) as its technology partner and is implementing Getit’s innovative web-based QR code ordering solution at four of its locations in Ottawa.

“The Fiazza team is delighted to partner with Getit Technologies to bring their web-based QR code ordering solution to our customers,” said Kory McCoy, Regional Manager of Fiazza. “By leveraging this cutting-edge technology, we are able to offer our customers a seamless and convenient dining experience, while also improving our operational efficiency.”

This partnership will enable Fiazza to revolutionize the dining experience at its four locations by offering customers a seamless and convenient way to place orders. By integrating Getit Technologies’ web-based QR code ordering solution, Fiazza aims to enhance efficiency, streamline operations, and improve overall customer satisfaction. This technology eliminates the need for traditional order-taking processes, reducing wait times and allowing customers to personalize their orders with ease.

“We are excited to collaborate with Fiazza and provide our web-based QR code ordering solution to enhance their dining experience,” said Ryan Hardy, CEO of Getit Technologies. “This technology is designed to optimize efficiency and improve customer convenience, aligning perfectly with Fiazza’s commitment to delivering exceptional service.”

With the new system in place, Fiazza customers will experience a faster, more streamlined ordering process, reducing wait times and allowing them to enjoy their dining experience to the fullest. The web-based QR code ordering solution also enables Fiazza to gather valuable data insights, helping them tailor their offerings to meet customer preferences and enhance overall satisfaction.

About Fiazza Fresh Fired

Fiazza Fresh Fired, founded in 2014, is a multi-location restaurant brand in Ottawa, Ontario that specializes in handcrafted food and experiences for fast and healthy options for their customers.

Fiazza is all about fresh custom pizza crafted by hand and fired to perfection in minutes. We are proud to use fresh locally sourced and high-quality ingredients to ensure great flavour and healthy choices. Come create your own fresh fired pizza or try one of our signature pies.

About Perk Labs Inc.

Perk Labs, the owner of Getit Technologies Inc. and Perk Hero Software Inc, specializes in technology, logistics, and connecting communities. Our digital payments and loyalty software empowers merchants to optimize their business and customer journey. Our marketplace and driver network connects and supports their business with additional sales and flexible last mile delivery options.

For more information, contact:

Ryan Hardy

CEO

(833) 338-0299

investors@perklabs.io

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements (collectively “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: “may”, “believe”, “thinks”, “expect”, “exploring”, “expand”, “could”, “anticipate”, “intend”, “estimate”, “plan”, “pursue”, “potentially”, “projected”, “should”, “will” and similar expressions, or are those, which, by their nature, refer to future events. These forward-looking statements, which involve risks and uncertainties, relate to, among other things, the discussion of the Company’s business strategies and its expectations concerning future operations. Although the Company considers these forward-looking statements to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking statements. Undue reliance should not be placed on such forward-looking information, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur.

Getit Technologies Selected as Preferred Technology Provider by Clocktower Group of Brewpubs

Vancouver, Canada / Wednesday, June 14, 2023 / Perk Labs Inc. (CSE:PERK / OTCQB:PKLBF / FKT:PKLB) (“Perk” or the “Company”) the company that specializes in ordering and payment technology, is thrilled to announce that its subsidiary Getit Technologies has been selected as an ordering and payment technology provider by the Clocktower Group of Brewpubs (“Clocktower”).

Clocktower Group of Brewpubs encompasses 5 locations across Ottawa, including Ottawa’s original craft brewery. The Clocktower Group of Brewpubs, powered by Getit Technologies’ solutions, will continue to deliver the exceptional craft beers and welcoming ambiance that customers have come to love. Getit’s QR ordering and payment technologies will enable Clocktower to focus on brewing quality beers while leveraging technology to streamline back-end operations and provide an enhanced customer experience.

“We are excited to partner with Getit Technologies to enhance our brewery operations and deliver an exceptional experience to our valued customers,” said Sean Rutherford, VP of Clocktower Group of Brewpubs. “Their advanced technology solutions will enable us to improve efficiency, increase productivity, and maintain the high-quality standards that Clocktower is known for.”

“We are thrilled to have Clocktower Group of Brewpubs on board and provide our advanced technology solutions to enhance their brewery operations” said Ryan Hardy, CEO of Getit Technologies. “At Getit, we believe in leveraging technology to revolutionize the customer experience, and we are confident that our solutions will help Clocktower maintain its position as an industry leader.”

About Clocktower Group of Brewpubs

The Clocktower Brew Pub is Ottawa’s longest established full service craft brewery. We make great craft beer in-house and fresh original food served in a comfortable and upbeat environment. Happily serving Ottawa since 1996.

About Perk Labs Inc.

Perk Labs, the owner of Getit Technologies Inc. and Perk Hero Software Inc, specializes in technology, logistics, and connecting communities. Our digital payments and loyalty software empowers merchants to optimize their business and customer journey. Our marketplace and driver network connects and supports their business with additional sales and flexible last mile delivery options.

For more information, contact:

Ryan Hardy

CEO

(833) 338-0299

investors@perklabs.io

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements (collectively “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: “may”, “believe”, “thinks”, “expect”, “exploring”, “expand”, “could”, “anticipate”, “intend”, “estimate”, “plan”, “pursue”, “potentially”, “projected”, “should”, “will” and similar expressions, or are those, which, by their nature, refer to future events. These forward-looking statements, which involve risks and uncertainties, relate to, among other things, the discussion of the Company’s business strategies and its expectations concerning future operations. Although the Company considers these forward-looking statements to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking statements. Undue reliance should not be placed on such forward-looking information, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur.

Getit Technologies Becomes the Official Ordering and Payment Platform of the Tim Hortons Ottawa Dragon Boat Festival and Beavertails Ottawa Ice Dragon Boat Festival

Vancouver, Canada / June 1, 2023 / Perk Labs Inc. (CSE:PERK / OTCQB:PKLBF / FKT:PKLB) (“Perk” or the “Company”) the company that specializes in ordering and payment technology, is thrilled to announce that its subsidiary, Getit Technologies Inc., has been selected as the official ordering and payments partner for the Tim Hortons Ottawa Dragon Boat Festival and BeaverTails Ottawa Ice Dragon Boat Festival in a three-year, multi-festival agreement.  Getit was selected on May 11th, 2023. Getit will earn digital payment processing fees for food, beverages, and donation transactions as the designated ordering and payments partner. Additionally, Getit will actively contribute to the Ottawa Dragon Boat community by becoming an official sponsor, offering support beyond its role in ordering and payment technology for the festivals.

The Tim Hortons Ottawa Dragon Boat Festival was established in 1994 and is the largest dragon boat festival of its kind in North America. Attracting competitors from 136 cities across 12 regions, including teams from Florida, Montreal, New York, Philadelphia, Toronto, Vermont, Wisconsin and more. The multi-day festival will be held on June 22-25 in Ottawa, Canada, and is expected to attract 75,000 attendees from around the world, including 5,000 paddlers and 200 teams competing every ten minutes in corporate, community, and competitive divisions and 25 Challenge Cups categories. The 2023 edition of the festival features free concerts from Juno award winners Dear Rouge, (“Black & Gold”,  “Live Through The Night”, “Fake Fame”), prolific wild-eyed dreamer Tim Baker, who is best known as the songwriter and leader of Hey Rosetta!, Canadian indie rock and reggae royalty, Bedouin Soundclash (“When the Night Feels My Song”) and special guests The Darcys, Rebelle, Alanna Sterling, The New Hires, The Gladsome Gentlemen and Sister Swire. Attendees will also be able to enjoy a beverage from local brewery Beyond The Pale and Side Hustle Sodas as well as some tasty treats from any of the 15 fantastic festival food vendors.

“We look forward to offering festival participants and attendees at our summer and winter events a first-class ordering and purchasing experience through this new partnership with Getit Technologies,” said Antony Cooper, the festival’s Director of Operations. “This summer, attendees can avoid the lines by placing orders and making payments with ease on their mobile phone anywhere on site which means even more time watching the races from the beach or enjoying concerts at the festival’s natural hillside amphitheatre!”

The BeaverTails Ottawa Ice Dragon Boat Festival is the world’s largest ice dragon boat race, with over 1,200 athletes and 100 teams from the United States, Canada, England, Ireland, Japan, New Zealand, India and more. The races, which have repeatedly sold out in minutes, will take place on February 9-10, 2024, on the Rideau Canal Skateway. Competitors thrill visitors to the National Capital Region by racing along the frozen surface of the World’s Largest Skating Rink. Boats are equipped with skate-like blades, and participants propel themselves along the racecourse using spiked ice-picks, to the audience’s delight. The festival’s popular “Live @” free indoor concert series is set to feature over 25 performances throughout Ottawa’s three-week-long Winterlude celebration.

“We are thrilled that Getit Technologies Inc. has been selected as the official ordering and payments partner for the Tim Hortons Ottawa Dragon Boat Festival and BeaverTails Ottawa Ice Dragon Boat Festival,” said Ryan Hardy, CEO of Perk Labs Inc. “This partnership is a testament to the strength of our brand and provides an excellent showcase of our ability to handle a high volume of payments and demonstrate the quality of our ordering solutions. We look forward to providing festival-goers a seamless ordering and payment experience, ensuring that all transactions are quick, secure, and hassle-free.”

About Perk Labs Inc.

Perk Labs, the owner of Getit Technologies Inc. and Perk Hero Software Inc, specializes in technology, logistics, and connecting communities. Our digital payments and loyalty software empowers merchants to optimize their business and customer journey. Our marketplace and driver network connects and supports their business with additional sales and flexible last mile delivery options.

For more information, contact:

Ryan Hardy

CEO

(833) 338-0299

investors@perklabs.io

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements (collectively “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: “may”, “believe”, “thinks”, “expect”, “exploring”, “expand”, “could”, “anticipate”, “intend”, “estimate”, “plan”, “pursue”, “potentially”, “projected”, “should”, “will” and similar expressions, or are those, which, by their nature, refer to future events. These forward-looking statements, which involve risks and uncertainties, relate to, among other things, the discussion of the Company’s business strategies and its expectations concerning future operations. Although the Company considers these forward-looking statements to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking statements. Undue reliance should not be placed on such forward-looking information, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur.

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