Perk Labs Signs Franchise Agreement

Vancouver, Canada / May 25, 2022 / Perk Labs Inc. (CSE: PERK / OTCQB: PKLBF / FKT: PKLB) (“Perk” or the “Company”), the digital franchise company helping businesses transition to the digital economy, today announced that it signed a franchise agreement for the territory of Downtown Toronto.

“We are delighted to be expanding into the Toronto area. Our whole team invested a substantial amount of effort into our product over the last few months to set us up for scalability on the East Coast,” said Perk’s Interim VP of Sales, Justin Strange. “We’ve received substantial interest in Toronto and the surrounding area from both prospective franchisees and restaurants and we are energized by the prospect of bringing our solution to so many great operations located in the Toronto area. The team at Perk Hero is more than excited to take another big step forward and welcome our new franchisee who is a very accomplished entrepreneur with extensive years of experience operating his own successful enterprise as a supplier to restaurants. We plan to work closely with our franchisee to grow the Perk Hero brand in the downtown Toronto area where the demand for technology in the hospitality industry is very high, and continue the company’s forward momentum of our “Restaurant Rescue” program which is designed to help restaurants navigate the post-pandemic harm, current labour shortage as well as crippling inflation.”

Through Perk Hero, franchisees can offer restaurants a solution that provides the convenience of mobile ordering and payment combined with a powerful digital loyalty program and customer relationship management software. Unlike brick & mortar franchises, as a Perk Hero digital franchise, owners do not have to take on significant overhead and can build a growing recurring software-as-a-service (SAAS) revenue stream in their local marketplace. All franchisees have access to Perk Hero’s online portal that provides powerful analytics, merchant management, promotional tools, support and training.

“Perk Hero offers a unique opportunity for franchise partners to own a leading-edge technology business and offer restaurants access to a solution to the paralyzing labour shortage and the skyrocketing inflation” said Perk CEO, Jonathan Hoyles. “We are thrilled to partner with our new franchisee and bring our powerful software solution to restaurants and their guests in Toronto.”

About Perk Labs Inc.

Perk Labs Inc. (CSE: PERK) (OTCQB: PKLBF) (FKT: PKLB) is the owner of Perk Hero, the mobile commerce platform on a mission to empower business owners with the digital tools to provide their customers with experiences that are more engaging, convenient and rewarding. Perk Hero is growing through a unique community-driven digital franchise business that is available to entrepreneurs at an attractive start-up price.

For more information about Perk Labs, please visit www.perklabs.io. Visit Perk Hero at www.perkhero.com.

For more information on a Perk Franchise, visit  www.perkfranchise.com.

For more information contact:

Jonathan Hoyles

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, that the franchisee has the necessary experience and resources to scale up our Digital Dine-in offering in Toronto. 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 Reports on Restaurants Canada Show and Signs Letter of Intent

Vancouver, Canada / May 16, 2022 / Perk Labs Inc. (CSE: PERK / OTCQB: PKLBF / FKT: PKLB) (“Perk” or the “Company”), the digital franchise company helping businesses transition to the digital economy, today reported on the results of its exhibition at the Restaurant Canada Show (“RC Show”).

“We were thrilled to showcase the power and efficiency of our Digital Dine-in solution and comprehensiveness of our custom branded app offering to restaurant owners and chains from across Canada at the RC Show” said Perk CEO, Jonathan Hoyles. “The high level of interest we received from chains, both large and small, confirms the demand in the marketplace for both QR code-based ordering and custom branded apps. As we emerge from the pandemic and consumers begin to dine out more often, we expect more and more restaurants to invest in technology to increase their efficiency and directly connect and engage with their customers. Over the coming weeks, we expect our team to be busy with a full slate of demonstrations and meetings as we follow up on prospective sales generated from our exhibition at the RC Show.”

Perk also announced that on May 5, 2022, it entered into a letter of intent to trial its Digital Dine-in solution with a restaurant group owning several prominent brands with a combined 122 restaurant locations across Canada. Pending the results of the trial, Perk will provide more information in a future press release.

“Signing this letter of intent signifies the demand from enterprise and chain locations for our Digital Dine-in ordering and payment solution. Our digital product will help solve the crippling labour shortage and the skyrocketing inflation, on top of the standard challenges the restaurant industry is currently facing,” says Perk Interim VP of Sales, Justin Strange, “We’ve invested considerable time and effort into our web-based Digital Dine-in product over the last several weeks to polish the look and flow. We are now better positioned to exceed the expectations of our prospective customers and franchisees as we embark on our results-driven sales campaign, ‘Restaurant Rescue’. It is our intention to rapidly pursue restaurants and restaurant chains, large and small, to take advantage of the incredible speed and cost savings provided by our product.”

Perk Labs also announced today the signing and launch of its Digital Dine-in solution at the House of Dosas, one of Vancouver’s most popular South Indian restaurants. House of Dosas was previously a client of the Sunday App, a competitor that also provides QR code ordering and payment services for restaurants.

About the RC Show

Canada’s leading foodservice and hospitality event showcasing cutting-edge products, pioneering people and transformative ideas. Attendees can shop, taste, learn, connect and grow their business with multiple days of business-building action, including featured areas, competitions, workshops and RC Hospitality Week events tailored to educate, motivate and lead the industry. RC Show includes the latest trends, a dynamic selection of innovative products, and influential speakers assembled from around the globe, designed to help operators grow their businesses. An annual event not to be missed. Learn more at www.rcshow.com

About Restaurants Canada

Restaurants Canada is a national, not-for-profit association advancing the potential of Canada’s diverse and dynamic foodservice industry through member programs, research, advocacy, resources and events. Before the start of the COVID-19 pandemic, Canada’s foodservice sector was a $95 billion industry, directly employing 1.2 million people, providing Canada’s number one source of first jobs and serving 22 million customers across the country every day. The industry has since lost hundreds of thousands of jobs and billions in sales due to the impacts of COVID-19. www.restaurantscanada.org

About Perk Labs Inc.

Perk Labs Inc. (CSE: PERK) (OTCQB: PKLBF) (FKT: PKLB) is the owner of Perk Hero, the mobile commerce platform on a mission to empower business owners with the digital tools to provide their customers with experiences that are more engaging, convenient and rewarding. Perk Hero is growing through a unique community-driven digital franchise business that is available to entrepreneurs at an attractive start-up price.

For more information about Perk Labs, please visit www.perklabs.io. Visit Perk Hero at www.perkhero.com.

For more information on a Perk Franchise, visit  www.perkfranchise.com.

For more information contact:

Jonathan Hoyles

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, the demand for both QR code-based ordering and custom branded apps, that we expect our team to be busy with a full slate of demonstrations and meetings as we follow up on prospective sales generated from our exhibition at the RC Show, and the trial of its Digital Dine-in solution with a restaurant group owning several prominent brands with a combined 122 restaurant locations across Canada. 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 Departure of CFO and Appointment of Interim CFO

This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated February 17, 2021 to its short form base shelf prospectus dated July 17, 2020.

Vancouver, Canada / May 6, 2022 / Perk Labs Inc. (CSE: PERK / OTCQB: PKLBF / FKT: PKLB) (“Perk” or the “Company”), the digital franchise company helping businesses transition to the digital economy, announced today that Norman Tan will step down as Chief Financial Officer on May 6, 2022, to pursue other interests, but will remain available to support an orderly handover.

Vanessa Altamirano will assume the role of interim CFO effective upon Mr. Tan’s departure. Ms. Altamirano has served in various financial and accounting roles at the Company since 2017, including her current role as the Company’s Controller. In line with long-term talent development and succession planning, Ms. Altamirano has received the training and preparation to step into the CFO role.

“I look forward to working with Vanessa in the Interim CFO role and her long tenure and deep knowledge of the Company’s finances and accounting will ensure a smooth transition. I’d like to thank Norman for his dedication and support and wish him the best in his future endeavours,” said Jonathan Hoyles, Perk’s Chief Executive Officer.

About Perk Labs Inc.

Perk Labs Inc. (CSE: PERK) (OTCQB: PKLBF) (FKT: PKLB) is the owner of Perk Hero, the mobile commerce platform on a mission to empower business owners with the digital tools to provide their customers with experiences that are more engaging, convenient and rewarding. Perk Hero is growing through a unique community-driven digital franchise business that is available to entrepreneurs at an attractive start-up price.

For more information about Perk Labs, please visit www.perklabs.io. Visit Perk Hero at www.perkhero.com.

For more information on a Perk Franchise, visit  www.perkfranchise.com.

For more information contact:

Jonathan Hoyles

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.

Perk Labs Reports First Quarter 2022 Results

This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated February 17, 2021 to its short form base shelf prospectus dated July 17, 2020.

 Vancouver, Canada, April 29, 2022 ― Perk Labs Inc. (CSE: PERK / OTCQB: PKLBF / FKT: PKLB) (“Perk” or the “Company”) today announced financial results for the first quarter ended February 28, 2022.

Overview

 “In the first fiscal quarter of 2022, the Company improved its technology and built the operational infrastructure necessary to scale its restaurant solution and digital franchise program”, said Perk CFO, Norman Tan, “I believe our Company is at an inflection point in terms of its ability to generate revenue as we ramp up sales and marketing of our digital dine-in and custom branded app solutions. Not only does our solution for restaurants provide immense value to an industry facing a unique set of challenges, but there are also government programs in place to help these businesses with the costs of adopting digital tools.”

“Our new custom branding solution solves a real problem for restaurants and we are excited to see it launching with customers in these coming quarters” said Gary Zhang, Perk CTO. “We have a truly multi-channel solution that works at the table, with servers and the kitchen. With our upcoming point of sale integration, it will be the most complete solution on the marketplace.”

2022 Q1 Financial Highlights:

  • Net loss of $406k in Q1 2022 compared to net income of $1.6M in Q1 2021.
  • Working capital of $1.9M in Q1 2022 compared to $3.5M in Q1 2021 and $2.0M in Q4 2021.
  • General and administrative expenses increased 2% from $272k in Q1 2021 to $277k in Q1 2022 as the Company continued to minimize its administrative expenses.
  • Research and development expenses increased 20% from $169k in Q1 2021 to $203k in Q1 2022 as the Company continued to invest in its technology platform.
  • Sales and marketing expenses decreased 35% from $162k in Q1 2021 to $106k in Q1 2022 as the Company refocused marketing efforts on businesses and franchisees instead of end-user customers.

2022 Q1 Operational Highlights 

  • British Columbia Restaurant and Foodservices Association (BCRFA) and the BC’s Alliance of Beverage Licensees (ABLE BC) joint endorsement: Perk Hero received a joint endorsement from BC’s leading industry associations as the technology preferred solution to the ongoing labour shortage that the food and beverage industry faces. 
  • Launch of “PERKS” Crypto Rewards: In February 2022, the Company launched its “PERKS” cryptocurrency rewards. Designed to be used for purchasing both real and digital goods and services, PERKS is built on Solana blockchain run which has high processing speed and low transaction fees. Through PERKS, the Company sees the opportunity to bring other companies into its loyalty reward program and also the opportunity to white-label its crypto loyalty rewards. 
  • Signed its first franchisee: The Company signed up its first franchise under its new franchise program in Mississauga. 
  • ATM raise: For the quarter ended February 28, 2022, the Company issued 1,028,000 common shares through its at-the-market offering announced February 17, 2021, at an average price of $0.05 for gross proceeds of $51,400 with commissions paid of $1,542 for net proceeds of $49,858.

HIGHLIGHTS SUBSEQUENT TO FEBRUARY 28, 2022 

  • Successful tradeshows: The Company attended the Franchise Canada Show in Toronto on March 26-27 and the Annual Canadian Franchise Convention in Ottawa on April 9-11. The Company has received tremendous interest in its program with 60 franchise leads from the show. Since the shows, the Company has been conducting ongoing franchise discovery meetings with promising candidates for the Greater Toronto Area.
  • Launch of new market awareness campaigns: The Company entered into agreements with several leading marketing firms to assist with investor communication, online marketing and content creation as Perk Labs continues to achieve important milestones and grow its investor base.
  • Private placement: On March 10, 2022, the Company announced a non-brokered private placement of up to 11,904,762 units at a price of $0.042 per unit for gross proceeds of up to $500,000. Each unit consists of one common share of the Company and one warrant which entitles the holder to purchase one additional common share at a price of $0.05 per common share for a period of 24 months from closing subject to a statutory hold period of four months and one day. Subscribers purchased a total of 7,672,138 units for total proceeds $322,231 in two tranches with participation from the Directors and Officers of the Company who subscribed for 476,190 Units for proceeds of $20,000.
  • New Merchant App: Perk Hero announced the launch of its new downloadable merchant app on the Google Play Store. To the Company’s knowledge, none of its competitors specialising in in-restaurant digital ordering and payment have a downloadable merchant app available in the Google Play store. Major tech companies in the delivery space like UberEats, DoorDash, SkipTheDishes, and Grab all have downloadable merchant apps that are a key part of their product strategy and ability to scale.

    Previously Perk Hero’s merchant app was part of its consumer app. By separating Perk’s merchant and consumer apps, the Company is able to reduce the size, speed up the performance, and improve the reliability of both consumer and merchant apps. A further advantage of a dedicated downloadable merchant app is that it enables Perk to upgrade its merchant app at any time without disturbing end-user customers.

  • Order Now, Pay Later: With this new feature, restaurants have the option of setting up Order-from-Table™ as either requiring their customer to pay upon placing an order or the customer can pay (and tip) at the end of the meal – which consumers are more accustomed to as part of the dining experience. With this new feature, we can also accommodate restaurants that only want to Order-from-Table™ but want to settle their customer’s bill in cash. We see this as a great way to onboard restaurants that are either not ready to go fully digital with mobile payments or are sensitive to credit card payment processing fees.
  • Website embedding feature: Perk developed an online ordering feature for pickup and delivery that merchants can embed directly into their own websites. This feature enables Perk to offer an in-demand entry-level feature to restaurants that enables future upselling on more advanced features.
  • POS Integrations: Perk commenced research and development on building integrations with some of the most popular restaurant point-of-sale systems through one of the leading POS integration companies.

Outlook

The Company’s strategic priorities for 2022 include:

  • Continued improvement of the Perk Hero platform.
  • Developing integrations with leading restaurant point-of-sales systems.
  • Expand the utility of PERKs crypto rewards.
  • Grow the number of end-user customers, restaurants and franchisees using our platform.
  • Expand our digital franchise program in Canada.
  • Launch a special rewards zone that includes NFTs.
  • Expand our digital franchise program to the United States.
  • Grow our licensing revenue.
  • Invest in sales, marketing, and communication strategies to drive growth.

The Company’s complete financial results are available in its Consolidated Financial Statements and Management’s Discussion and Analysis for the year ended November 30, 2021, each filed with Canadian securities regulators at www.sedar.com.

IFRS

The operational and financial information in this release is based on the consolidated figures in accordance with International Financial Reporting Standard (IFRS).

About Perk Labs

Perk Labs Inc. (CSE: PERK) (OTCQB: PKLBF) (FKT: PKLB) is the owner of Perk Hero, the mobile commerce platform on a mission to empower business owners with the digital tools to provide their customers with experiences that are more engaging, convenient and rewarding. Perk Hero is growing through a unique community-driven digital franchise business that is available to entrepreneurs at an attractive start-up price.

For more information, please contact:

Norman Tan

Chief Financial Officer

norman@perkhero.com

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 Perk Labs’ business strategies and its expectations concerning future operations, the Perk Hero app will continue to evolve and offer a unique feature set that we believe will poise us for growth, the continued development of the Perk Hero product through a series of build-measure-learn iterations, that the Company will increase the number of users and merchants using the Perk Hero platform, and that the Company will ramp-up of sales and high margin revenue generation by focusing on digital franchising and its software-as-a-service offering for restaurants. Although Perk Labs 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. For additional information with respect to these and other factors and assumptions underlying the forward-looking statements in this press release, see the section entitled “Risk Factors” in the most recent Annual Information Form and Prospectus of Perk Labs, which may be accessed through Perk Labs’ profile on SEDAR at www.sedar.com. Perk Labs cautions investors that any forward-looking information provided by Perk Labs 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 Provides Corporate Update

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated February 17, 2021 to its short form base shelf prospectus dated July 17, 2020.

Vancouver, Canada / April 14, 2022 / Perk Labs Inc. (CSE: PERK / OTCQB: PKLBF / FKT: PKLB) (“Perk” or the “Company”), the parent company of Perk Hero, the digital franchise company helping businesses transition to the digital economy, is pleased to provide a corporate update on its commercial opportunities, expanded product offerings and previously announced private placement.

“We are seeing significant demand for both our franchise program and restaurant offering,” said Perk CEO, Jonathan Hoyles. “Never before in the history of our Company have we been so well positioned in terms of our product offering and market opportunity. With the recent launch of our new products and features, I believe we are poised to ride the wave of digital adoption by small-to-midsize businesses of ordering and payment services and a surge of individuals seeking a digital business that can be operated from home.”

Digital Franchise Program

After attending the recent Franchise Canada Show in Toronto and the Annual Convention in Ottawa, the Company has received tremendous interest in its franchising program. At the Toronto Franchise Canada Show, Perk was one of the most popular exhibitors and we developed 60 franchise leads. Since that show we’ve been conducting ongoing franchise discovery meetings with a number of promising candidates for the Greater Toronto Area.

Chain Restaurant Opportunities

As part of our growth strategy our plan is to pursue small-to-midsize restaurant chains and progressively pursue larger chains. We have a number of chains in our sales pipeline interested in our Order-from-Table™ product offering.

Custom Branded Restaurant Mobile Apps

We have seen significant demand from restaurants for custom branded apps and have a number of small-to-midsize restaurant chains interested in engaging the Company to build custom-branded apps.

This is consistent with recent consumer data: a survey of U.S. restaurant customers who use some form of technology when ordering food found that 67% of respondents preferred using a restaurant’s own app to websites or food delivery services.[1] Further a recent State of the Industry Report from the National Restaurant Association states that: “many operators will devote their resources to online or app ordering, reservations, mobile payment, or delivery management, in addition to back-of-the-house technology.[2]

We see custom branded apps as a significant immediate revenue opportunity for Perk. We’ve started marketing our custom branded app solution to both chains and single-location restaurants. The timing for this offering is ideal as restaurants may be eligible under the Government of Canada’s Canada Digital Adoption Program to receive a grant to pay for the adoption of a mobile app. We’ve created a special product offering for CDAP Grow Your Business Online participants, the details of which can be found here:
https://campaign.perkhero.com/cdap-grow-your-business-online

We see custom branded apps as a great new product that our franchisees can also sell, which will further enhance the attractiveness of our franchise program.

Downloadable Merchant App

Perk Hero also announced today the launch of its new downloadable merchant app on the Google Play Store.  To our knowledge, none of our competitors specialising in in-restaurant digital ordering and payment have a downloadable merchant app available in the Google Play store. Major tech companies in the delivery space like UberEats, DoorDash, SkipTheDishes, and Grab all have downloadable merchant apps that are a key part of their product strategy and ability to scale.

Previously Perk Hero’s merchant app was part of its consumer app. By separating our merchant and consumer apps we are able to reduce the size, speed up the performance, and improve the reliability of both our consumer and merchant apps. A further advantage of a dedicated downloadable merchant app is that it enables us to upgrade our merchant app at any time without disturbing our end-user customers.

Order Now, Pay Later

A new feature we’re implementing as part of our Digital Dine-in™ offering is Order Now, Pay Later™.  With this new feature, restaurants will have the option of setting up Order-from-Table™ as either requiring their customer to pay upon placing an order or the customer can pay (and tip) at the end of the meal – which consumers are more accustomed to as part of the dining experience. With this new feature, we can also accommodate restaurants that only want to Order-from-Table™  but want to settle their customer’s bill in cash. We see this as a great way to onboard restaurants that are either not ready to go fully digital with mobile payments or are sensitive to credit card payment processing fees.

Order Now Button for Online Pickup and Delivery Button

We’ve also received requests from restaurants to develop an online ordering for pick up and delivery option for their own websites. So we developed Perk’s new Order Now button that any restaurant can insert onto their own website to use Perk Hero’s pre-order, pickup and self-managed delivery system. This is another feature that enables us to offer an entry level feature to a restaurant with an opportunity to upsell on more advanced features.

Restaurant Canada Show

Perk also announced today that it will be attending the Restaurant Canada show – Canada’s leading foodservice and hospitality event, taking place May 9-11, 2022 in Toronto. The Company will be showcasing both its custom branded app and Digital Dine-in™ solution at the event. Off the heels of its recent success at the Franchise Canada Show in Toronto, the Company believes this will be an excellent opportunity to generate new business and awareness of its products and services.

Expanded US Digital Gift Card Offering

The Company also announced today that it has expanded its US Digital Gift Card offering by adding well-known technology and consumer brands to its catalogue including Google Play, Uber, Uber Eats and DoorDash.

Private Placement

The Company also announced that it closed the second tranche of its previously announced private placement (the “Second Tranche”). Subscribers purchased 297,493 Units for aggregate gross proceeds of $12,494.72. Each Unit is comprised of one common share and one warrant. Each whole warrant will entitle the holder thereof to purchase one common share at a price of $0.05, for a period of twenty-four months from the closing of the Second Tranche. Collectively, under both the first tranche of the private placement and Second Tranche, subscribers purchased 7,672,138 Units for aggregate gross proceeds of $322,230.72.

All securities issued pursuant to the private placement will be subject to a statutory hold period of four months and one day. Proceeds from the Second Tranche will be used for marketing and awareness campaigns and for general working capital purposes.

About Perk Labs Inc.

Perk Labs Inc. (CSE: PERK) (OTCQB: PKLBF) (FKT: PKLB) is the owner of Perk Hero, the mobile commerce platform on a mission to empower business owners with the digital tools to provide their customers with experiences that are more engaging, convenient and rewarding. Perk Hero is growing through a unique community-driven digital franchise business that is available to entrepreneurs at an attractive start-up price.

For more information about Perk Labs, please visit www.perklabs.io. Visit Perk Hero at www.perkhero.com.

For more information on a Perk Franchise, visit  www.perkfranchise.com.

For more information contact:

Jonathan Hoyles
CEO
Perk Labs Inc.
(833) 338-0299
investors@perklabs.io

Jules Gagnon
Director of Investor Relations & Community
(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.

[1]https://www.statista.com/statistics/1243722/share-of-us-consumers-that-prefer-a-restaurant-s-app-or-website-for-delivery/

[2]https://restaurant.org/research-and-media/media/press-releases/association-releases-2022-state-of-the-restaurant-industry-report/

Perk Labs Announces Voting Results Following its Annual General Meeting

Vancouver, Canada / April 12, 2022 / Perk Labs Inc. (CSE: PERK / OTCQB: PKLBF / FKT: PKLB) (“Perk” or the “Company”), the parent company of Perk Hero, the digital franchise company helping businesses transition to the digital economy, is pleased to announce the voting results from its Annual General Meeting of Shareholders (the “Meeting”), held on April 12, 2022, at Suite 1165 – 555 Burrard Street, Vancouver, British Columbia. At the Meeting, all matters put forward before the shareholders for consideration and approval as set out in the Company’s Notice of Meeting and Management Information Circular, dated March 1, 2022, were approved by a majority of votes cast at the Meeting.

  1. Election of Directors

The five (5) nominees were elected as directors of the Company, to hold office until the next Annual Meeting of Shareholders. The voting results for each nominee are as follows:

 

  Votes For % of Votes Cast – For Votes Withheld % of Votes Cast- Withheld
Kirk Herrington 32,466,252 96.64 1,127,380 3.36
James Topham 32,343,152 96.28 1,250,480 3.72
Larry Timlick 32,340,052 96.27 1,253,580 3.73
Steve Cadigan 32,370,974 96.36 1,222,658 3.64
Jonathan Hoyles 32,728,624 97.43 865,008 2.57

 

  1. Appointment of Auditors

Appointment of Saturna Group Chartered Professional Accountants LLP as Auditors of the Company for the ensuing year and authorizing the directors to fix the auditor’s remuneration

 

Votes For % of Votes Cast – For Votes Withheld % of Votes Cast – Withheld
65,296,742 98.88 738,175 1.12

 

About Perk Labs Inc.

Perk Labs Inc. (CSE: PERK) (OTCQB: PKLBF) (FKT: PKLB) is the owner of Perk Hero, the mobile commerce platform on a mission to empower business owners with the digital tools to provide their customers with experiences that are more engaging, convenient and rewarding. Perk Hero is growing through a unique community-driven digital franchise business that is available to entrepreneurs at an attractive start-up price.

For more information about Perk Labs, please visit www.perklabs.io. Visit Perk Hero at www.perkhero.com.

For more information on a Perk Franchise, visit  www.perkfranchise.com.

For more information contact:

Jonathan Hoyles

CEO

Perk Labs Inc.

(833) 338-0299

investors@perklabs.io

Jules Gagnon

Director of Investor Relations & Community

(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.

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